{"id":84761,"date":"2025-08-07T12:10:26","date_gmt":"2025-08-07T11:10:26","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=84761"},"modified":"2025-08-07T12:10:26","modified_gmt":"2025-08-07T11:10:26","slug":"too-little-too-late-so-very-bank-of-england","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/08\/07\/too-little-too-late-so-very-bank-of-england\/","title":{"rendered":"Too little, too late: so very Bank of England"},"content":{"rendered":"<p>The<a href=\"https:\/\/www.telegraph.co.uk\/business\/2025\/08\/07\/house-prices-climb-by-fastest-rate-in-six-months\/\" target=\"_blank\" rel=\"noopener\"> Telegraph has just reported<\/a>:<\/p>\n<blockquote><p>The Bank of England has cut interest rates to their lowest level in more than two years as policymakers seek to revive Britain\u2019s sluggish economy.<\/p>\n<p>Policymakers on the Bank\u2019s Monetary Policy Committee\u00a0(MPC) cut the base rate from 4.25pc to 4pc on Thursday in a move that is expected to lower borrowing costs for mortgage holders.<\/p>\n<p>It is the MPC\u2019s fifth cut since last August and rates are now at their lowest level since March 2023.<\/p><\/blockquote>\n<p>My reaction: this is too little, too late to deal with the problems that our economy is facing. So very Bank of England, then.<\/p>\n<div id=\"te-floating-button-container\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Telegraph has just reported: The Bank of England has cut interest rates to their lowest level in more than two years as policymakers seek<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/08\/07\/too-little-too-late-so-very-bank-of-england\/\"><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":[136,204,35],"tags":[],"class_list":["post-84761","post","type-post","status-publish","format-standard","hentry","category-city-of-london","category-economic-justice","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84761","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=84761"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84761\/revisions"}],"predecessor-version":[{"id":84762,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84761\/revisions\/84762"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=84761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=84761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=84761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}