Simply put, if fiscal policy is to play a stabilizing role in the UK economy, it will have to be conducted at the federal or central level. The central government and its revenue-raising capacity cannot be allowed to wither away.
简言之，如果财政政策要对英国经济起稳定作用，就必须在联邦或中央层面实施。中央政府及其收入能力绝不容受到影响。