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英國財政大臣雷切爾·裏夫斯(Rachel Reeves)周三公布了她的預算計劃,表明政府將勉強遵守新的財政規則——這一謹慎的預期引發了政府債券的抛售。工黨政府的首次預算避免了市場的嚴重波動,提出了400億英鎊的增稅計劃,旨在填補財政缺口並緩解人們對債務市場混亂和公共支出失控的擔憂。
裏夫斯的策略在巨額債務和投資承諾之間取得平衡,同時對日常支出進行嚴格控制,這讓投資者感到安慰,避免了前首相莉茲·特拉斯(Liz Truss)2022年9月迷你預算動蕩的重演。
英國預算案發布前的預期十分緊張,因有報告顯示英國的公共借款接近GDP的100%。裏夫斯將這一財政壓力歸因于工黨在7月大選中獲勝後繼承的前保守黨政府,並聲稱保守黨政府留下了220億英鎊的財政 “黑洞” 。反映出這種不安情緒的是,在英國預算案發布的前幾天,英國零售商和酒吧運營商的股票下跌,而金邊債券收益率上升。
在她的預算中,裏夫斯承諾到本世紀末通過稅收收入來覆蓋日常政府支出。同時,她引入了一項修訂後的財政規則,允許額外借款,從而在未來五年內解鎖1000億英鎊的投資資金。
根據新的“穩定”規則,英國計劃在2029/30財年實現當前預算的平衡,並承諾此後每隔三年保持平衡預算。這一做法取代了之前的滾動目標,該目標要求在每個預測的五年內實現預算平衡——批評者認為,這種結構允許曆屆政府無限期地推遲實現真正的財政平衡。
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隨時隨地留意市場動態
市場易受供求關系變化的影響
對關注價格波動的投資者極具吸引力
流動性兼顧深度與多元化,無隱藏費用
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