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Archive (Walters MSS)

Economy: Alan Walters diary (budget) [suspects Howe wil not reduce interest rates][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 91
Themes: Monetary policy, Public spending & borrowing, Economic, monetary & political union

Wednesday 2nd December 1981

Memo to PM on why work syndrome and effect on real wages

1.00 Lunch at Finance Houses Association - gave short talk - they complained about PRESENTATION

2.30 Treasury, GH [Sir Geoffrey Howe] and all on EMS [European Monetary System] - GH being edged towards it but most officials in Treasury still against it. Suspect that GH will not reduce interest rates - too wary? While they were discussing it, Natwest reduced Base Rate.

6.00 Cocktails at US Amb Residence

PM spent ½ hour looking out dolls for [sic: sentence incomplete]