In her spring statement the chancellor argued for fiscal discipline. That’s understandable. The OBR says borrowing will fall and that the “headroom” against her self-imposed rules has increased. Her message was that Britain needed “stability”. The logic is that discipline reassures markets, and that keeps borrowing affordable. But markets constrain the UK only insofar as its institutions let them. If energy prices spike, the economy suffers a drop in real income. The question is: who soaks up that loss? Households, firms or the state, via higher deficits? Privileging fiscal credibility might signal that she prefers households to absorb the shock rather than the state.
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A terrible boredom stalks the land. Across the nation’s television studios and podcast armchairs, wearied men grizzle accursedly with forked tongues into branded microphones: entombed by a game they despise and yet are paid so generously to discuss. Out there in the wild digital beyond, the sickness festers still deeper. The game has gone, they type into a little white box. This is not the football I once loved, click send. The beautiful game is broken, pleads the Telegraph. They think it’s all over, and perhaps it always was.
Фото: Ronen Zvulun / Reuters，推荐阅读safew官方版本下载获取更多信息