Economy: Alan Walters diary (first meetings with MT as economic adviser) ["What should she do about Geoffrey? Who could she promote. No one"] [released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS3/1/1
Editorial comments:	The initials 'MBC' refer to Monetary Base Control. The very earliest entry in the diary on 5 January simply records: "Fly to UK". The full handwritten text of the 1981 diary can be read here. The document is 80MB, so may take time to download.
Importance ranking:	Key
Word count:	1p
Themes:	Executive (appointments), Monetary policy

Tuesday 6th January 1981

Pesky press at airport. P [Paddie Walters] looked lovely.

Saw MT at 10:00. All affable and unflappable. What should she do about Geoffrey [Sir Geoffrey Howe]? Who could she promote. No-one. Said come and see me whenever you like. I discussed program - MBC [Monetary Base Control] was important - but I thought monetary policy had worked, if anything, too well.

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