{"id":76038,"date":"2024-06-12T08:30:30","date_gmt":"2024-06-12T07:30:30","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=76038"},"modified":"2024-06-12T08:30:30","modified_gmt":"2024-06-12T07:30:30","slug":"when-asked-who-to-favour-banks-or-children-in-poverty-rachel-reeves-chose-banks","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/06\/12\/when-asked-who-to-favour-banks-or-children-in-poverty-rachel-reeves-chose-banks\/","title":{"rendered":"When asked who to favour, banks or children in poverty, Rachel Reeves chose banks"},"content":{"rendered":"

As the FT has reported<\/a> this morning:<\/p>\n

\"\"<\/p>\n

So, given a choice, Rachel Reeves has chosen to favour banks when there is near universal agreement now that some saving could be made in the payment of interest on central bank reserve accounts with the effectiveness of monetary policy (if that is necessary) being maintained.<\/p>\n

Her choice favours banks, while she claims there are no funds available to end child poverty. She could do this for maybe a million children hit by the two-child benefit cap at a cost of less than \u00a32 billion a year, which could be provided many times over by just limiting these interest payments.<\/p>\n

Reeves would rather favour banks than. children in poverty. That's what we need to know about the forthcoming Labour government.<\/p>\n

But that is also why it will fail.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the FT has reported this morning: So, given a choice, Rachel Reeves has chosen to favour banks when there is near universal agreement now
 Read the full article…<\/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":[204,35,122,16,118],"tags":[],"class_list":["post-76038","post","type-post","status-publish","format-standard","hentry","category-economic-justice","category-economics","category-election","category-ethics","category-labour"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/76038","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=76038"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/76038\/revisions"}],"predecessor-version":[{"id":76040,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/76038\/revisions\/76040"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=76038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=76038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=76038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}