
周三发布的经济数据显示,约翰·希利在为其预算案做最后润色时面临的制约。
The economic figures released on Wednesday show the constraints for John Healey as he puts the finishing touches to his Budget.
文/费萨尔·伊斯拉姆 周三,财政大臣乘坐早班飞机前往苏格兰东北部,宣布新的北海能源审批项目,与此同时,最后一组主要经济数据出炉。
By Faisal Islam The Chancellor was on a early flight to North East Scotland on Wednesday to announce new North Sea energy approvals as the last set of major economic figures dropped.
无论从高空俯瞰还是近距离观察,通胀和公共财政数据都清晰地勾勒出了他的预算平衡术。官方数据显示,国家债务首次突破3万亿英镑大关。通胀主指标升至3.5%,未来几个月几乎必然会回升至4%。随着支出和利息成本增加,借款规模超出预期。
From a mile high, as well as close up, the figures for inflation and for the public finances set out his Budget balancing act in clear terms. The National Debt has topped £3 trillion for the first time in the official figures. The headline rate of inflation has hit 3.5% and is surely heading back up to 4% in the coming months. Borrowing is running ahead of forecasts, as spending and interest costs increase.
这些数据显示了约翰·希利在为下周的声明做最后润色时面临的制约。
These show the constraints for John Healey as he puts the finishing touches to his statement next week.
一方面,他表示希望再次为深受生活成本压力之苦的消费者提供“喘息空间”。
On the one hand he says he wants to give "breathing space" to consumers yet again feeling the heat from cost of living pressures.
然而,公共财政仍承受着通胀上升和借贷成本增加的“双重打击”。
The public finances remain under pressure, however, from the double whammy of rising inflation and borrowing costs.
虽然通胀上升当然在预料之中,因为汽油和柴油价格飙升,在某些情况下甚至创下纪录,但其他衡量潜在通胀的指标也有所上升。
While inflation was of course expected to increase as petrol and diesel prices surged, in some cases, to records, other measures of underlying inflation also increased.
从机票到电脑游戏下载价格,都出现了粘性价格压力的最初迹象,以及更高通胀变得更加根深蒂固的迹象。
From airfares to computer game download prices, there are the first signs of stickier forms of price pressure and of higher inflation becoming more embedded.
英格兰银行密切关注服务业通胀和核心通胀,这显著增加了下个月加息的可能性。
The Bank of England carefully watches services inflation and core inflation, and this ups the odds significantly for a rise in interest rates next month.
生活成本权衡 最新的通胀数据也将作为明年4月数百亿英镑福利支出上调的依据。并确认“三重锁”机制将使国家养老金在明年4月上涨3.9%。这里有一种缓解因素——食品价格通胀基本未受能源冲击影响。
Cost of living trade off The latest inflation figure also applies as the uprating to tens of billions in welfare payments next April. And it confirms that the Triple Lock will see the State Pension increase by 3.9% next April. There is one form of relief here - food price inflation remains largely unaffected by the energy shock.
尽管在税收门槛冻结之际,较高的通胀率将以现金形式增加更多税收,但也会推高公共服务成本,其中很可能包括工会的加薪要求。
While higher inflation at a time of frozen tax thresholds will raise more tax in cash terms, it will also increase the cost of public services, including likely union pay demands.
与此同时,随着美以对伊朗战争的加剧,英国的借贷成本与大多数发达经济体一道上升。杰克道气田的决定被视为一系列“促增长”预算前公告的开端。
All the while, UK borrowing costs have risen alongside most of the advanced world as the US-Israel war against Iran has intensified. The Jackdaw gas field decision is seen as the start of a run of "pro growth" pre-Budget announcements.
这传递了一个方向性信号,但不会从根本上改变在生活成本喘息空间与提交一份令市场和投资者信服的预算之间所做的取舍。
It sends a directional message, but will not fundamentally change the trade off between cost of living breathing space, and delivering a Budget that convinces the markets and investors.
英国的借贷成本与其它七国集团国家之间的差距略有缩小,加之国际货币基金组织赞扬了已列入计划的削减借贷方案,这为财政大臣的预算提供了平台。最新的经济数据充分说明了真正落实这些计划所面临的挑战。
The fact the borrowing costs gap has narrowed a bit with other G7 nations, and the IMF praised pencilled-in plans to shrink borrowing, provided a platform for the chancellor's Budget. The latest economic numbers amply illustrate the challenge of actually delivering them.