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华尔街日报

英国政府面临预算可信度考验U.K. Government Faces Test of Budget Credibility

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这场战争提高了日常运转政府的成本。布鲁克·米切尔 / 法新社 / 盖蒂图片社The war has raised the day-to-day cost of running the government. Brook Mitchell / Agence France-Presse / Getty Images

英国政府将在本月晚些时候公布年度预算,但可能难以让债券投资者相信,即使独立监督机构认为其仍在遵守自我设定的规则轨道上,它也能降低债务。

The U.K. government presents its annual budget later this month, but may find it difficult to reassure bond investors that it can lower its debts even if an independent watchdog judges that it remains on track to stick to its self-imposed rules.

降低借贷的道路已经要求在本十年末实施严格的支出限制。但自美伊战争爆发以来能源价格的飙升增加了提供公共服务的成本,因此目前的支出分配无法达到预期效果。

The path to bringing borrowing down already requires tight limits on spending toward the end of this decade. But the jump in energy prices since the start of the war between the U.S. and Iran has increased the cost of providing public services, so the current spending allocations won’t do as much as intended.