{"id":73653,"date":"2024-01-05T09:48:42","date_gmt":"2024-01-05T09:48:42","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=73653"},"modified":"2024-01-05T09:48:42","modified_gmt":"2024-01-05T09:48:42","slug":"shouldnt-bankers-know-how-banking-works","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/01\/05\/shouldnt-bankers-know-how-banking-works\/","title":{"rendered":"Shouldn&#8217;t bankers know how banking works?"},"content":{"rendered":"<p>I have already <a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/01\/05\/sir-howartd-davies-a-man-deeply-out-of-touch-with-reality\/\">noted one absurd comment<\/a> by Sir Howard Davies, the Cahri of NatWest Bank on Radio 4 this morning. But, it was not the only one. He also revealed that he has no understanding of how banks, markets and central banking work in the UK, or else he was disguising that he actually does so but would rather not refer to reality. I explained this in a Twitter thread:<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-73658\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.18-550x198.png\" alt=\"\" width=\"502\" height=\"181\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.18-550x198.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.18-768x276.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.18-600x216.png 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.18.png 1156w\" sizes=\"auto, (max-width: 502px) 100vw, 502px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-73657\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.33-550x572.png\" alt=\"\" width=\"550\" height=\"572\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.33-550x572.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.33-288x300.png 288w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.33-768x799.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.33-384x400.png 384w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.33.png 1174w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-73656\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.51-550x563.png\" alt=\"\" width=\"550\" height=\"563\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.51-550x563.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.51-293x300.png 293w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.51-768x786.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.51-391x400.png 391w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-05-at-09.46.51.png 1174w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have already noted one absurd comment by Sir Howard Davies, the Cahri of NatWest Bank on Radio 4 this morning. But, it was not<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/01\/05\/shouldnt-bankers-know-how-banking-works\/\"><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-73653","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\/73653","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=73653"}],"version-history":[{"count":2,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/73653\/revisions"}],"predecessor-version":[{"id":73659,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/73653\/revisions\/73659"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=73653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=73653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=73653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}