{"id":75009,"date":"2024-04-11T09:26:19","date_gmt":"2024-04-11T08:26:19","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=75009"},"modified":"2024-04-11T09:26:19","modified_gmt":"2024-04-11T08:26:19","slug":"video-the-bank-of-england-is-failing-us-all","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/04\/11\/video-the-bank-of-england-is-failing-us-all\/","title":{"rendered":"Video: The Bank of England is failing us all"},"content":{"rendered":"<p>I posted this on TikTok this morning:<\/p>\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@richardjmurphy\/video\/7356176724226362657\" data-video-id=\"7356176724226362657\" data-embed-from=\"oembed\" style=\"max-width:605px; min-width:325px;\">\n<section> <a target=\"_blank\" title=\"@richardjmurphy\" href=\"https:\/\/www.tiktok.com\/@richardjmurphy?refer=embed\">@richardjmurphy<\/a> <\/p>\n<p>The Bank of England has failed us Across the developed world inflation is now falling back to levels last seen before the Covid crisis. The UK will soon be there. However, interest rates are not falling back to the levels of that period. The Bank of England increased them, saying that doing so would beat inflation, which was untrue, and now they\u2019re keeping them high to benefit the wealthy. It's time they were cut significantly. <a title=\"bankofengland\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/bankofengland?refer=embed\">#bankofengland<\/a> <a title=\"money\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/money?refer=embed\">#money<\/a> <a title=\"uk\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/uk?refer=embed\">#uk<\/a><\/p>\n<p> <a target=\"_blank\" title=\"\u266c original sound - Richard Murphy - Richard Murphy\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-Richard-Murphy-7356176816011561761?refer=embed\">\u266c original sound - Richard Murphy - Richard Murphy<\/a> <\/section>\n<\/blockquote>\n<p> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I posted this on TikTok this morning: @richardjmurphy The Bank of England has failed us Across the developed world inflation is now falling back to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/04\/11\/video-the-bank-of-england-is-failing-us-all\/\"><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":[35,106,194],"tags":[],"class_list":["post-75009","post","type-post","status-publish","format-standard","hentry","category-economics","category-politics","category-youtube"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75009","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=75009"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75009\/revisions"}],"predecessor-version":[{"id":75010,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75009\/revisions\/75010"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=75009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=75009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=75009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}