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  3. To state the extremely obvious, the chief economist of the Bank of England, Andrew Haldane, is an intelligent man. His speeches

To state the extremely obvious, the chief economist of the Bank of England, Andrew Haldane, is an intelligent man. His speeches

admin2022-11-01  97
问题     To state the extremely obvious, the chief economist of the Bank of England, Andrew Haldane, is an intelligent man. His speeches on subjects as varied as how to reform economics and the importance of the voluntary sector have been model interventions—both serious and slightly disruptive. Yet when Mr. Haldane writes a newspaper column that claims the post-Covid economy is "poised like a coiled spring", as he did last week, he risks looking not only silly but, worse, choking the debate over the future of the UK.
    To be sure, his argument rests on firm logic. Many workers have spent the past year still employed but with few outlets to spend their incomes, so have built up around ￡125bn in household savings. And indeed the recent economic news from the UK and elsewhere has been better than hoped.
    Yet this is not a normal recession. Too much rests on factors completely out of the hands of chief executives, finance ministers and central bankers. Mr. Haldane has already sat this class.
    Last summer, he forecast the UK would quickly rebound from its lows, in a recovery shaped like a V. Not long after, the country went into its second lockdown. That V turned into a W. The unknowns about this virus, its mutations and their tendency to spread suggest a need for caution and openness to a wide range of outcomes, rather than unrealistic enthusiasm.
    Take the most recent unemployment reports, which suggest wages are rising strongly even as joblessness goes up. Sounds like good news—while also making zero sense. Another explanation might be that low-paid workers are dropping out of the labor market, distorting the data towards high earners. That would be terrible news, but we can’t be sure either way. Or look at the latest study from University College London, showing that this pandemic and its lockdowns have left Britons feeling gloomy. No surprise there, except the usual life-satisfaction score is 7.7 out of 10, while it is now around 5.5—a worryingly large drop. Some may come bouncing out of lockdown ready to socialize, but others may feel lasting isolation.
    Today, just as the new US government turns against this austerity, key economic policymakers in the UK are preparing for a big belt-tightening. Overconfident projections such as Mr. Haldane’s only encourage that outcome. And consider the recovery that even this self-confessed optimist promises: the well-off spending extravagantly while the less fortunate face unemployment or struggle with the fallout from a lack of schooling and tightly squeezed public services. Is this the best we can do?
According to Paragraph 2, Mr. Haldane’s conclusion is drawn from the fact that
选项 A、the UK has made a full economic recovery quickly
B、many are in employment with an accumulation of incomes
C、the government has made reasonable economic intervention
D、the household savings have reached an unprecedented level
答案B
解析 根据关键词Paragraph 2定位到第二段。该段第一句说，“诚然，他的论点是建立在强有力的逻辑之上的。”这是该段的主题句，其后的句子是对该句的阐述，“过去这一年，许多工人仍在就业，但他们的收入几乎没有支出的途径，因此积累了约1250亿英镑的家庭储蓄。而且事实上，最近来自英国和其他地方的经济新闻比预期的要好。”由此可知，霍尔丹先生的观点基于就业情况和经济新闻而来，选项[B]“许多人在积累收入的情况下就业”与此相符，故为答案。
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