{"id":9436,"date":"2011-03-31T17:30:44","date_gmt":"2011-03-31T15:30:44","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9436"},"modified":"2011-03-31T17:30:45","modified_gmt":"2011-03-31T15:30:45","slug":"why-on-earth-was-an-increase-in-the-number-of-mortgage-defaults-unexpected","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/31\/why-on-earth-was-an-increase-in-the-number-of-mortgage-defaults-unexpected\/","title":{"rendered":"Why on earth was an increase in the number of mortgage defaults &#8220;unexpected&#8217;?"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.guardian.co.uk\/money\/2011\/mar\/31\/mortgage-defaults-rise-bank-of-england\">Guardian reports:<\/a><\/p>\n<blockquote>\n<p>The number of households defaulting on mortgage loans increased \"unexpectedly\" in the first three months of the year, and is expected to rise further, according to the <a style=\"border-collapse: collapse; color: #005689; text-decoration: none; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px;\" href=\"http:\/\/www.bankofengland.co.uk\/publications\/other\/monetary\/creditconditions.htm\">Bank of England<\/a>.<\/p>\n<\/blockquote>\n<p>Hang on:<\/p>\n<p>We have pay freezes<\/p>\n<p>And falls in net household income<\/p>\n<p>And inflation fuelled by government policy<\/p>\n<p>And rising unemployment<\/p>\n<p>And yet the Bank of England did not expect an increase in mortgage defaults? Why on earth not? Has common sense now passed them by?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian reports: The number of households defaulting on mortgage loans increased &#8220;unexpectedly&#8221; in the first three months of the year, and is expected to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/31\/why-on-earth-was-an-increase-in-the-number-of-mortgage-defaults-unexpected\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-9436","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9436","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=9436"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9436\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}