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Britain’s electioneering Budget
FT社評:英國的競選預算

The chancellor stretches economic reality to make the public finances add up
在提高其政黨支持率的政治壓力和國家脆弱的公共財政的夾擊下,英國財政大臣杭特設法制定了一份春季預算。

On the eve of World Book Day, it is perhaps fitting that Britain’s Chancellor Jeremy Hunt was forced into writing a bit of fiscal fiction. Caught between political pressures to boost his party’s popularity and the country’s fragile public finances, he managed to confect a spring Budget that cuts taxes, meets his fiscal rule and makes a start on some sensible reforms. The problem is that he has had to stretch economic reality in order to get there.

在世界讀書日(World Book Day)前夕,英國財政大臣傑瑞米•杭特(Jeremy Hunt)被迫寫了一些部政小說,這或許很應景。在提高其政黨支持率的政治壓力和國家脆弱的公共財政的夾擊下,他設法制定了一份春季預算,削減了稅收,符合他的財政規則,並開始了一些明智的改革。問題在於,爲了實現這一預算,他不得不對經濟現實做些文章。

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