{"id":42358,"date":"2018-06-28T08:37:17","date_gmt":"2018-06-28T07:37:17","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=42358"},"modified":"2018-06-28T08:37:17","modified_gmt":"2018-06-28T07:37:17","slug":"you-worry-about-household-debt-but-is-the-bank-of-englands-deputy-governor","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/06\/28\/you-worry-about-household-debt-but-is-the-bank-of-englands-deputy-governor\/","title":{"rendered":"You worry about household debt, but is the Bank of England\u00e2\u20ac\u2122s deputy governor?"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.theguardian.com\/business\/live\/2018\/jun\/28\/bank-of-england-household-debts-cunliffe-haldane-markets-us-growth-business-live\" target=\"_blank\" rel=\"noopener\">Guardian<\/a> has reported tbhi morning that:<\/p>\n<blockquote><p>Deputy governor Jon Cunliffe told BBC radio this morning that he\u2019s concerned about families with high debt levels.<\/p>\n<p>Cunliffe warned that some households have run up worrying levels of debts, which could drag them into a crisis if the economy sours, saying:<\/p>\n<p>\u201c(Household debt is) quite high by historical standards but (households have) worked hard to put those debt levels down. But within that there are areas that you do worry about.<\/p>\n<p>\u201cYou worry about households that have high debt (and) could be badly affected in a recession.\u201d<\/p><\/blockquote>\n<p>I am worried about the language.<\/p>\n<p>\u201cYou worry\u201d, he is saying.<\/p>\n<p>But is that because he isn\u2019t.<\/p>\n<p>And is that because he\u2019s all right?<\/p>\n<p>Could it be that a member of the elite has inadvertently let his guard slip, and shown he leaves concern to everyone else?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian has reported tbhi morning that: Deputy governor Jon Cunliffe told BBC radio this morning that he\u2019s concerned about families with high debt levels.<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/06\/28\/you-worry-about-household-debt-but-is-the-bank-of-englands-deputy-governor\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,35],"tags":[],"class_list":["post-42358","post","type-post","status-publish","format-standard","hentry","category-banking","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/42358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=42358"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/42358\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=42358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=42358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=42358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}