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Diary: March 2013

Huhne and love, slim Summers and Essex Girl for MP

By Prospect   March 2013

Careful budgeting

Will George Osborne’s thinking in his 20th March budget be affected by the coming change of leadership at the Bank of England? Mervyn King, the present governor, leaves in July to be replaced by Mark Carney, head of Canada’s central bank. Carney has indicated that his will replace the inflation targets favoured by King by a system of “flexible inflation targeting.” It sounds like a minor technical difference but if, when Carney takes over, he allows inflation to rise in pursuit of growth, this will have big implications for Britain’s economy—and for Osborne, who must factor this change…

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