{"id":6698,"date":"2010-04-29T22:31:54","date_gmt":"2010-04-29T20:31:54","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6698"},"modified":"2010-04-29T22:31:54","modified_gmt":"2010-04-29T20:31:54","slug":"mervyn-king-warned-that-election-victor-will-be-out-of-power-for-a-generation-claims-economist","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/04\/29\/mervyn-king-warned-that-election-victor-will-be-out-of-power-for-a-generation-claims-economist\/","title":{"rendered":"Mervyn King warned that election victor will be out of power for a generation, claims economist"},"content":{"rendered":"<p><a href=\"http:\/\/www.guardian.co.uk\/business\/2010\/apr\/29\/mervyn-king-warns-election-victor\">Mervyn King warned that election victor will be out of power for a generation, claims economist | \t\t\t\tBusiness | \t\t\t\tThe Guardian <\/a>.<\/p>\n<blockquote><p><a title=\"More from guardian.co.uk on Mervyn King\" href=\"http:\/\/www.guardian.co.uk\/business\/mervyn-king\">Mervyn King<\/a> is warning that the victor in next week's election will be forced into austerity measures that will keep the party out of power for a generation, according to the US economist David Hale.<\/p>\n<p>Dragging the <a title=\"More from guardian.co.uk on Bank of England\" href=\"http:\/\/www.guardian.co.uk\/business\/bankofenglandgovernor\">Bank of England<\/a> governor unwittingly into Britain's political battle, David Hale said he had been told by King at a private lunch about the likely fiscal pain ahead.<\/p><\/blockquote>\n<p>I think he's wrong.<\/p>\n<p>There's a reason.<\/p>\n<p>No party will never succeed in imposing these cuts.<\/p>\n<p>There is only one answer - <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2010\/04\/28\/the-great-tax-parachute-how-to-save-the-public-finances-and-keep-the-economy-afloat\/\" target=\"_blank\">and it is tax reform of the sort I am suggesting<\/a>.<\/p>\n<p>That's the only viable plan there is for our economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mervyn King warned that election victor will be out of power for a generation, claims economist | Business | The Guardian . Mervyn King is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/04\/29\/mervyn-king-warned-that-election-victor-will-be-out-of-power-for-a-generation-claims-economist\/\"><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":[122],"tags":[],"class_list":["post-6698","post","type-post","status-publish","format-standard","hentry","category-election"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6698","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=6698"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6698\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}