This implies that transferring the majority of revenue-raising capacity to the regions would be a mistake for the UK, because doing so would give the country a banking union without a fiscal backstop. And that, revealingly, is precisely what the eurozone has.
这意味着将大部分收入能力转交给地方将是英国的一个大错，因为这样做将使英国存在一个没有财政支持的银行联盟。而这正是欧元区的情形。这绝非英国应该追求的方向。