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.
旗帜鲜明讲政治，着力夯实团结奋斗的共同思想政治基础
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围绕高质量发展主线，中国人保明确五大方面工作重点：构建高质量业务组合、提升高质量服务能力、拓展高质量投资、深化提质降本增效、做好高质量市值管理。五大方面协同联动，以推动实现质的有效提升和量的合理增长。