{"id":89775,"date":"2026-02-05T12:10:25","date_gmt":"2026-02-05T12:10:25","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=89775"},"modified":"2026-02-05T12:10:39","modified_gmt":"2026-02-05T12:10:39","slug":"interest-rates-remain-high-were-not-living-in-an-economy-where-politics-for-people-matter","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/02\/05\/interest-rates-remain-high-were-not-living-in-an-economy-where-politics-for-people-matter\/","title":{"rendered":"We&#8217;re not living in an economy where politics for people matters"},"content":{"rendered":"<p>The Bank of England has kept its base rate at 3.75%, even as this is driving unemployment upward.<\/p>\n<p>The Bank of England claims it is worried about uncertainty and inflation.<\/p>\n<p>People, their mortgages, their rent payments and their concerns about affordability do not appear on their radar.<\/p>\n<p>The evidence is clear: we're not living in an economy where politics for people matters. Nor does providing funding for our future matter. All that matters is keeping bankers' worries at bay. No wonder we're in the mess we're in.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-89771\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1-550x309.png\" alt=\"\" width=\"550\" height=\"309\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1-550x309.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1-533x300.png 533w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1-768x432.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1-1536x864.png 1536w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1-600x338.png 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/02\/PFPFTF-1.png 1920w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England has kept its base rate at 3.75%, even as this is driving unemployment upward. The Bank of England claims it is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/02\/05\/interest-rates-remain-high-were-not-living-in-an-economy-where-politics-for-people-matter\/\"><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":[204,35,224,235],"tags":[],"class_list":["post-89775","post","type-post","status-publish","format-standard","hentry","category-economic-justice","category-economics","category-neoliberalism","category-politics-for-people"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/89775","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=89775"}],"version-history":[{"count":2,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/89775\/revisions"}],"predecessor-version":[{"id":89777,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/89775\/revisions\/89777"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=89775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=89775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=89775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}