Archive (TNA)
Prime Ministerial Private Office files

Budget: Walters minute to Chancellor (lunch at Union Discount) [directors think a "really satisfactory" PSBR consistent with falling rates would be "about £7b"] [declassified 2011]

Document type: Declassified documents
Source: PREM19/439 f157
Editorial comments: Geoffrey Howe comments on this note in his memoirs, though recalls it as expressing Alan Walters' own view rather than those of his hosts at lunch.
Importance ranking: Major
Word count: 1p
Themes: Monetary policy, Public spending & borrowing, Taxation