{"id":74415,"date":"2024-02-29T14:00:42","date_gmt":"2024-02-29T14:00:42","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=74415"},"modified":"2024-02-29T14:00:42","modified_gmt":"2024-02-29T14:00:42","slug":"could-it-be-that-there-is-a-conspiracy-across-the-atlantic-to-increase-the-wealth-divide-in-the-anglo-american-world","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/02\/29\/could-it-be-that-there-is-a-conspiracy-across-the-atlantic-to-increase-the-wealth-divide-in-the-anglo-american-world\/","title":{"rendered":"Could it be that there is a conspiracy across the Atlantic to increase the wealth divide in the Anglo-American world?\u00a0"},"content":{"rendered":"<p>The US Federal Reserve's policy on inflation is as perverse as that of the Bank of England. As the FT has just reported:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-74417\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.47.40-550x410.png\" alt=\"\" width=\"550\" height=\"410\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.47.40-550x410.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.47.40-403x300.png 403w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.47.40-768x572.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.47.40-537x400.png 537w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.47.40.png 1184w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/e9a3dd8f-574a-45fb-b60f-12fd1ac5cd93?emailId=0fc30a5c-b868-48cc-8a0e-035da0bf526a&amp;segmentId=3d08be62-315f-7330-5bbd-af33dc531acb\" target=\"_blank\" rel=\"noopener noreferrer\">As they then noted<\/a>:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-74416\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.53.37-550x86.png\" alt=\"\" width=\"550\" height=\"86\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.53.37-550x86.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.53.37-768x119.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.53.37-600x93.png 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-29-at-13.53.37.png 1518w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>This is ludicrous: if, as in the UK, inflation is being kept higher than it needs to be because of the increase in the value of savings that the wealthiest are enjoying as a result of increased interest rates, which increase is then.<a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/02\/29\/the-bank-of-england-is-failign-to-control-inflation-that-is-being-driven-by-the-escsssive-consunptiuon-of-the-rich-so-it-intends-to-punish-these-least-well-off-even-more\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0fuelling their excess spending<\/a>, then this goal of reduced inflation rates might never be achieved, but the wealthy will continue to be unjustly enriched whilst the rest of society pay the price for that.<\/p>\n<p>Could it be that there is a conspiracy across the Atlantic to increase the wealth divide in the Anglo-American world?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve&#8217;s policy on inflation is as perverse as that of the Bank of England. As the FT has just reported: As they<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/02\/29\/could-it-be-that-there-is-a-conspiracy-across-the-atlantic-to-increase-the-wealth-divide-in-the-anglo-american-world\/\"><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":[35,75],"tags":[],"class_list":["post-74415","post","type-post","status-publish","format-standard","hentry","category-economics","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/74415","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=74415"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/74415\/revisions"}],"predecessor-version":[{"id":74418,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/74415\/revisions\/74418"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=74415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=74415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=74415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}