{"id":88545,"date":"2025-12-19T07:12:15","date_gmt":"2025-12-19T07:12:15","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=88545"},"modified":"2025-12-19T07:12:15","modified_gmt":"2025-12-19T07:12:15","slug":"of-course-we-are-doing-badly","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/12\/19\/of-course-we-are-doing-badly\/","title":{"rendered":"Of course we are doing badly"},"content":{"rendered":"<p>The price we pay for the failure of the Bank of England is very high.<\/p>\n<p>These are three headlines from the FT this morning:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-88547\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1730-550x203.jpeg\" alt=\"\" width=\"550\" height=\"203\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1730-550x203.jpeg 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1730-768x284.jpeg 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1730-600x222.jpeg 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1730.jpeg 1243w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-88548\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1729-550x165.jpeg\" alt=\"\" width=\"550\" height=\"165\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1729-550x165.jpeg 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1729-768x230.jpeg 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1729-600x180.jpeg 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2025\/12\/IMG_1729.jpeg 1205w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>Right now, I am not analysing. I am just noting.<\/p>\n<p>Of course, we are doing badly with interest rates as high as those we suffer.<\/p>\n<p>And four out of nine Bank of England Monetary Policy Committee members voted against the cut yesterday.<\/p>\n<hr \/>\n<p><b>Comments\u00a0<\/b><\/p>\n<p>When commenting, please take note of this blog\u2019s comment policy,\u00a0<a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/about\/comments\/\">which is available here<\/a>. Contravening this policy will result in comments being deleted before or after initial publication at the editor\u2019s sole discretion and without explanation being required or offered.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price we pay for the failure of the Bank of England is very high. These are three headlines from the FT this morning: Right<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/12\/19\/of-course-we-are-doing-badly\/\"><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":[35,224,106],"tags":[],"class_list":["post-88545","post","type-post","status-publish","format-standard","hentry","category-economics","category-neoliberalism","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/88545","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=88545"}],"version-history":[{"count":3,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/88545\/revisions"}],"predecessor-version":[{"id":88552,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/88545\/revisions\/88552"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=88545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=88545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=88545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}