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1980 Sep 23 Tu
Archive (Bank of England)

Monetary Policy: Lavelle draft paper (“Inflow controls and other options for reducing the exchange rate”) [pros and cons] [declassified 2011]

Document type: Declassified documents
Document kind: Minute
Venue: -
Source: 11A 56-11 f102
Journalist: -
Editorial comments: The pencil comments on p2 are by Eddie George. This paper would appear to be the one on which Nigel Lawson commented to Geoffrey Howe on 28 September 1980. Christopher Dow Inside the Bank of England , p172, seems to be referring to this paper but if so, he was evidently incorrect in saying that “it was a matter on which the Bank was not consulted and did not hear about till later”.
Importance ranking: Key
Word count: 13pp
Themes: Monetary policy