{"id":64158,"date":"2022-08-05T14:17:10","date_gmt":"2022-08-05T13:17:10","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=64158"},"modified":"2022-08-05T14:17:10","modified_gmt":"2022-08-05T13:17:10","slug":"the-bank-of-england-is-setting-us-up-for-an-almighty-economic-crash","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/08\/05\/the-bank-of-england-is-setting-us-up-for-an-almighty-economic-crash\/","title":{"rendered":"The Bank of England is setting us up for an almighty economic crash"},"content":{"rendered":"<p>The thread <a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/08\/04\/the-bank-of-england-is-going-to-continue-with-its-policy-of-driving-people-into-poverty-today\/\">I wrote yesterday morning<\/a> transferred, with minor edits, to Prospect magazine.<\/p>\n<p>They then asked me to do a TikTok video for them, which I knocked out rather quickly. It's now been viewed nearly 200,000 times:<\/p>\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@prospectmagazine\/video\/7128151483106856197\" data-video-id=\"7128151483106856197\" data-embed-from=\"oembed\" style=\"max-width:605px; min-width:325px;\">\n<section> <a target=\"_blank\" title=\"@prospectmagazine\" href=\"https:\/\/www.tiktok.com\/@prospectmagazine?refer=embed\">@prospectmagazine<\/a> <\/p>\n<p>Richard Murphy explains why he thinks the Bank of England\u2019s decision to raise interest rates will have dire economic consequences and warns of an almighty economic crash. Richard is a chartered accountant, political economist and professor of Accounting Practice at Sheffield University, as well as co-founder of the Green New Deal . @Conservative Party UK @UKLabourParty @sheffielduni <a title=\"economy\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/economy?refer=embed\">#economy<\/a> <a title=\"bankofengland\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/bankofengland?refer=embed\">#bankofengland<\/a> <a title=\"interestrates\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/interestrates?refer=embed\">#interestrates<\/a> <a title=\"recession\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/recession?refer=embed\">#recession<\/a>  <a title=\"monetarypolicy\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/monetarypolicy?refer=embed\">#monetarypolicy<\/a><\/p>\n<p> <a target=\"_blank\" title=\"\u266c original sound - Prospect\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-7128151507542821637?refer=embed\">\u266c original sound - Prospect<\/a> <\/section>\n<\/blockquote>\n<p> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script><\/p>\n<p>It looks like I need to explore another aspect of social media.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The thread I wrote yesterday morning transferred, with minor edits, to Prospect magazine. They then asked me to do a TikTok video for them, which<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/08\/05\/the-bank-of-england-is-setting-us-up-for-an-almighty-economic-crash\/\"><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":[35],"tags":[],"class_list":["post-64158","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/64158","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=64158"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/64158\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=64158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=64158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=64158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}