Daily Archives: March 22, 2011

Britain’s Chancellor George Osborne has embarked on an audacious shift in the mix of fiscal and monetary policy. But despite unexpectedly high inflation figures on Tuesday, and ongoing worries about growth, the current combination of tight fiscal and easy monetary policy remains the best chance of avoiding a sovereign debt crisis while ensuring acceptable increases in gross domestic product.  

Gavyn Davies will guest edit FT Alphaville on Wednesday, UK Budget day. Join him there for rolling coverage of the day’s news.