{"id":67430,"date":"2023-02-10T07:16:49","date_gmt":"2023-02-10T07:16:49","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=67430"},"modified":"2023-02-10T07:16:49","modified_gmt":"2023-02-10T07:16:49","slug":"flatlining","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2023\/02\/10\/flatlining\/","title":{"rendered":"Flatlining"},"content":{"rendered":"<p>I have read this <a href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\/bulletins\/gdpfirstquarterlyestimateuk\/latest\" target=\"_blank\" rel=\"noopener noreferrer\">morning\u2019s GDP release from the ONS<\/a>. The message is summarised in one chart:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-67431\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2023\/02\/7D6CC522-278D-47F2-93FF-6ED39C6C8AB7-550x451.jpeg\" alt=\"\" width=\"550\" height=\"451\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2023\/02\/7D6CC522-278D-47F2-93FF-6ED39C6C8AB7-550x451.jpeg 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2023\/02\/7D6CC522-278D-47F2-93FF-6ED39C6C8AB7-366x300.jpeg 366w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2023\/02\/7D6CC522-278D-47F2-93FF-6ED39C6C8AB7-768x630.jpeg 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2023\/02\/7D6CC522-278D-47F2-93FF-6ED39C6C8AB7-488x400.jpeg 488w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2023\/02\/7D6CC522-278D-47F2-93FF-6ED39C6C8AB7.jpeg 1458w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>The economy is flatlining, at best.<\/p>\n<p>There is little else to add. The story is of stagnation.<\/p>\n<p>That is unsurprising. The government wishes to squeeze the life out of people\u2019s spending power. It is succeeding in doing so. Of course this is the result.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have read this morning\u2019s GDP release from the ONS. The message is summarised in one chart: The economy is flatlining, at best. There is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2023\/02\/10\/flatlining\/\"><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-67430","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/67430","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=67430"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/67430\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=67430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=67430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=67430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}