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0:04I was very struck by Paul Johnson's article in The Times the other day, in his position我对保罗·约翰逊前几天 在《泰晤士报》上发表的文章很感动
0:10as former leader of the Institute for Fiscal Studies, in which he said we have an entirely作为财政研究所前领导人,他说我们有一个完全
0:16illusory debate about tax and spend, in which there are calls from a substantial number关于税收和开支的虚幻辩论,其中有大量人呼吁
0:22of newspapers and at least one political party for tax cuts, but nobody ever says where they报纸和至少一个政党 减税, 但从来没有人说在哪里
0:28will fall or what our spending priorities are.将下降或是什么 我们的支出优先事项。
0:31This Government have made the commitment该政府作出了承诺:
0:33to raise our defence spending by over 1% of GDP.将国防开支提高1%以上。
0:39I assume that all the major parties support我想,所有主要政党都支持
0:44that.那个
0:45That means that tax rises are likelier than tax cuts, unless there are very severe也就是说,增税比减税要好,除非有非常严重的
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1I was very struck by Paul Johnson's article in The Times the other day, in his position我对保罗·约翰逊前几天 在《泰晤士报》上发表的文章很感动
2as former leader of the Institute for Fiscal Studies, in which he said we have an entirely作为财政研究所前领导人,他说我们有一个完全
3illusory debate about tax and spend, in which there are calls from a substantial number关于税收和开支的虚幻辩论,其中有大量人呼吁
4of newspapers and at least one political party for tax cuts, but nobody ever says where they报纸和至少一个政党 减税, 但从来没有人说在哪里
5will fall or what our spending priorities are.将下降或是什么 我们的支出优先事项。
6This Government have made the commitment该政府作出了承诺:
7to raise our defence spending by over 1% of GDP.将国防开支提高1%以上。
8I assume that all the major parties support我想,所有主要政党都支持
9that.那个
10That means that tax rises are likelier than tax cuts, unless there are very severe也就是说,增税比减税要好,除非有非常严重的
11cuts elsewhere, for example in pensions.在其他地方削减,例如养老金。
12Could there not be some attempt by the Government政府会不会有所企图?
13to have an agreement among the parties that, in discussing taxes rising and falling, we双方达成协议,在讨论增减税时,我们
14discuss at the same time what spending priorities are and what cuts may necessarily be possible?同时讨论哪些支出优先事项以及哪些削减是必然可能的?
15The Government in the spending view set out their spending plans.政府在支出方面提出了支出计划。
16They set out a fully他们全副武装
17funded path to spending 2.6% of GDP on defence, and we have an ambition to increase that to资金支持的国防开支占国内生产总值的2.6%,我们有希望增加国防开支。
183% in the next Parliament, as he knows.他知道,在下届议会占3%
19However, I am not going to speculate on the next Budget不过,我不打算猜测下一个预算
20now.现在
21As I have said already, there will be an OBR forecast in the autumn for the annual正如我已经说过的,每年秋季将有OBR预测。
22Budget, and we will make decisions based on that forecast in the usual way.预算,我们将以通常的方式根据这一预测作出决定。
23I thank the Minister for that answer.我感谢部长的答复。
24It is very clear, following recent events, that在最近发生的事件之后,非常明显的是,
25this Government are not going to make any meaningful reform of the welfare system and政府不会对福利制度进行任何有意义的改革;
26save any money, despite saying the system is broken.尽管说系统坏了 但还是省省钱
27It is not going to touch its existing它不会触及它现有的
28spending plans, it said, so that means that tax rises are coming, as we predicted.它说,支出计划,所以意味着税收将如我们所预测的那样上升。
29The Chancellor said in her Budget speech that it was the Government's policy that it was总理在预算演说中说,政府的政策是:
30not going to freeze tax thresholds any longer from 28-29, because that would hurt working28-29年不再冻结税收门槛,因为这会伤害工作
31people.人们
32She said it was the Government's policy that from 28-29 thresholds will continue她说,政府的政策是,在28-29年的门槛线上继续
33to be uprated.被提升。
34Just to be clear, I am not asking the Minister to write future Budgets老实说,我不是要部长写未来的预算
35today.今时.
36I am simply asking him, can he stand at that Dispatch Box and repeat that those我只是问他,他能不能站在那个调度箱里 重复一遍,那些...
37words of the Chancellor remain the Government's policy?总理的话仍然是政府的政策?
38The noble Lord is absolutely correct to say that there are financial consequences to the尊贵的上帝绝对正确 说有经济后果
39decisions that have been taken, but he will not be surprised to know that I am not going已经做出的决定, 但他不会惊讶地知道我不会去
40to speculate on the next Budget now.来推测下一个预算
41We will do things in the usual way.我们会照常办事
42The Chancellor总理
43will ask the OBR to produce a new forecast in the autumn for the annual Budget.将在秋季为年度预算提出新的预测。
44She will她会的
45take decisions based on that forecast, and we will set out our fiscal plans at the Budget根据这一预测作出决定,我们将在预算中提出我们的财政计划。
46in the usual way.照惯例
47My Lords, in our discussions of tax and spend, we very rarely address the third pillar, which大人,在讨论税收和开支时,我们很少谈到第三个支柱,即
48is the state of the gilts market.是 gi市场的状况。
49The Minister has taken it back, as I was, to read from部长已经收回它,像我一样, 读从
50the OBR report that at the end of June the UK 10-year bond yield was at the third-highest英国银行报告说,截至6月底,联合王国10年债券收益率位居第三
51borrowing cost of any advanced economy except for New Zealand and Iceland, and that with除新西兰和冰岛外,任何先进经济体的借贷成本,以及
52the withdrawal of pension funds from demanding treasuries as we come to the end of defined退休基金从苛刻的国库中提款
53benefit plans, there seems to be no plan in place to expand the investor base.利益计划,似乎没有扩大投资者基础的计划.
54The United联合国
55States is using stablecoin as a way to increase the appetite to take up US treasuries.各国正在使用稳定币作为增加美国国库的胃口的一种方式。
56Are
57there any strategies that the UK Government are pursuing, because this is essential?联合王国政府正在采取的任何战略,因为这是至关重要的?
58The noble Baroness will know that I will not be commenting on specific financial market尊贵的男爵夫人会知道我不会评论 具体的金融市场
59movements, but in terms of what she asks about stablecoin, if it is okay I will write to动静,但从她问的关于马力币, 如果可以的话,我会写信给
60her and come back to her.回到她身边
61My Lords, we have just heard that the benefits system is broken.大人,我们刚刚听说福利制度被打破了
62Can you remind us who broke你能提醒我们谁破产了
63the system?系统?
64Is this not a case of just Osbyn having to clear up the mess that they left?难道这不是奥斯宾不得不清理他们留下的烂摊子吗?
65My noble friend is absolutely right to point out the mess that we inherited and why so我高贵的朋友非常正确地指出 我们继承的烂摊子和为什么
66many of the difficult decisions that we have had to be taken had to be taken.我们必须作出许多困难的决定。
67He is absolutely他是绝对的
68right to point to the mess they left us in terms of the welfare system, where I think右指他们给我们留下的混乱 在福利制度,我认为
69we had the highest proportion of people out of work not working, the only country where我们的失业人口比例最高 不工作, 唯一的国家
70worklessness had not returned to where it was pre-pandemic in the G7.7国集团没有恢复失业状态。
71Obviously, there很明显,那里
72was a mess in the public finances that we had to clear up and that is why, as he rightly我们不得不清理公共财政的混乱,这就是为什么,正如他正确指出的那样
73says, there are so many difficult decisions that we have had to take.说,我们不得不做出许多艰难的决定。
74The noble Lord, the Minister, seems to have forgotten that the cost of servicing debt尊贵的领主,大臣 似乎忘记了还债的代价
75– he has just given an answer to his noble friend – the cost of servicing debt is higher他刚刚回答他的贵族朋友 偿还债务的成本更高
76now than it was at the worst time in the last Conservative Government.现在比上届保守党政府最糟糕的时候还要糟糕
77Surely, he must当然,他必须
78take responsibility.承担责任。
79His Government have been in power for a year.他的政府执政已有一年。
80Does the noble Baroness think the UK has such a high stock of debt?尊贵的男爵夫人认为英国债台高筑吗?
81Is it because her Government是因为她的政府
82doubled the national debt?国债翻了一番?
83Yes, it is.没错
84The noble Lord, the Minister, has just said that the Government have an ambition to raise尊贵的领主,大臣,刚才说,政府有野心提高
85spending to 3% of GDP in the next Parliament.在下届议会中,开支达到国内生产总值的3%。
86My understanding is that the Prime Minister我的理解是,总理
87has committed the UK to increasing it to 3.5% by 2035.联合王国承诺到2035年将其提高到3.5%。
88Could he clarify, please?他能澄清一下吗?
89Yes, 3% in the next Parliament.是的,在下届议会的3%。
90I think those commitments are for the Parliament after next.我认为,这些承诺是在议会以后作出的。
91With rather delicate timing, the OBR published their fiscal risks and sustainability report在相当微妙的时间内,银行业银行发表了其财政风险和可持续性报告
92on Tuesday, and they used the word daunting for the outlook for our fiscal sustainability.他们用“令人生畏”一词来形容我们财政可持续性的前景。
93In their report, they expect health-related outflows to fall a little towards the levels在他们的报告中,他们预计与健康有关的外流将略微下降到水平。
94of a few years ago.几年前的一次调查
95Perhaps the Minister could share with us how the Government will explain或许部长可以跟我们分享一下政府会如何解释
96the outlook for personal independence payments to the OBR and explain how that will be positioned.说明个人独立向OBR付款的前景,并解释这将如何定位。
97The OBR are aware of the Government's policy.平等机会办公室了解政府的政策。
98It is for the OBR to certify the costings开销由银行负责
99of that policy in their next forecast.在其下一次预测中,
100As I have said already, we will ask them for that正如我已经说过的,我们将要求他们这样做
101forecast in time for the annual Budget, and we will make decisions based on that forecast.我们将根据这一预测作出决定。
102This seems to be a free-for-all on putting forward our own economic theories.这似乎是一个免费的 提出我们自己的经济理论。
103Could we我们可以
104discussion of tax cuts and tax rises and instead look at tax simplification?讨论减税和增税,而考虑简化税制?
105There is an excellent有一个优秀的
106article in this week's New Statesman, a magazine that I read assiduously every week,这个星期的"新政治家"里的文章 我每星期都认真读的一本杂志
107which regurgitates the excellent work by Paul Johnson, already mentioned, pointing out that它重温了保罗·约翰逊的出色工作,已经提到,指出
108we have one of the longest tax codes in the world.我们有世界上最长的税法之一
109George Osborne被糕点税取消了
110Surely this Minister can see to it that we can tax an ice cream cone properly and really simplify这位部长一定能保证 我们可以对冰淇淋锥子征税 并真正简化
111our taxes, which would have a huge impact on business confidence.我们的税收, 这将对商业信心产生巨大影响。
112I am grateful to the noble Lord for his question.感谢尊者问讯.
113It is not for me to ban conversations about我不应该禁止谈论
114tax rises or tax cuts.提高税率或减税。
115I understand what he says about tax simplification.我理解他所说的简化税收
116I will take我来
117his thoughts about ice cream cones back to my colleagues in the Treasury.他对冰激凌的念头回到了财政部的同事
118Is it not the case that we have a very serious long-term question here?我们这里是否有一个非常严重的长期问题?
119It is not just a这不仅仅是一个
120question of what the Chancellor is going to do in the next year.关于总理明年要做什么的问题。
121We do have underlying我们确实有基础
122pressures on defence, on demography.国防和人口压力。
123On top of that, we have the reforms that the previous除此之外,我们还有以前的改革
124Government introduced on disabilities and on SEND in schools, which have led to rocketing政府对残疾和学校中的 " SEND " 进行了介绍,这导致了 " 火箭 "
125bills that at some stage have to be done about.在某个阶段必须完成的法案。
126Will the Government therefore not engage in因此,政府是否将不参与
127a long-term debate about how we finance the welfare state that most of the British population关于我们如何资助大多数英国人的福利国家的长期辩论
128are very strongly adhered to?是否严格遵守?
129My noble friend is absolutely right to point out that there are the long-standing and long-term我的贵族朋友非常正确地指出,有长期和长期的
130challenges that we face in terms of fiscal policy.我们面临的财政政策挑战。
131As the noble Lord said, the OBR fiscal如尊者所说,OBR财政
132risk report set out some long-standing economic realities in its report this week.风险报告在本周的报告中阐述了一些长期的经济现实。
133That is why这就是为什么
134it is so important that we are committed to ensuring stability in the economy through如此重要,我们承诺通过下列方式确保经济稳定:
135our fiscal rules.我们的财政规则。
136My noble friend mentions special educational needs.我尊敬的朋友提到了特殊的教育需要。
137He is absolutely他是绝对的
138right that the system right now is not working.系统现在不起作用
139Less than half of education, care and health不到一半的教育、保健和保健
140plans are issued within the 20-week deadline and only 22% of children with special educational在20周期限内发放计划,只有22%的特殊教育儿童
141needs are reaching the expected levels in maths and English.需求正在达到数学和英语的预期水平。
142We absolutely need to deliver better我们绝对需要做得更好
143support for vulnerable children and their parents, which is why we will set out wider plans for SEND因此,我们将为SEND制定更广泛的计划。
144reform later this year as part of the upcoming schools white paper.今年晚些时候作为即将出版的学校白皮书的一部分进行改革。
145In terms of the longer-term就长期而言
146debate that my noble friend talks about, I am always more than happy to discuss those issues with我非常乐意与我尊敬的朋友讨论这些问题。
147my noble friend.我的贵族朋友
148Does the Minister accept that there is a point when higher tax rates lead to部长是否承认,有一点是,提高税率导致
149lower Government revenues?政府收入减少?
150We heard an example from my noble friend Lord Lee in the last question he我们听到一个例子 从我的贵族朋友 李勋爵在最后一个问题
151dealt with about non-doms provoking some companies to change their domicile or their listing.涉及不强迫一些公司改变住所或上市的问题。
152There那边
153will come a point when it causes people to retire early or to emigrate or to work differently.当它导致人们提前退休或移民或不同工作时,就会出现这种情况。
154If he does accept that there is such a point, how close does he think we have got to it?如果他真的承认有这样的观点,那么他认为我们离它有多近?
155Well the noble Lord is just talking about the revenue maximisation point and we've passed that高贵的领主只是谈论 收入最大化点 我们已经通过了
156for example in tobacco taxes and that's a deliberate government policy so of course that例如烟草税,这是政府精心制定的政策 所以当然
157exists.已存在。
158I don't think that's particularly novel.我不认为这特别小说。
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