Economy: Alan Walters diary (budget discussions) [“Terry Burns wanted me to agree to -2 MLR ... MT very annoyed at [Wolfson]”] [released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments:	Entry written as Thursday 12 February but date subsequently corrected. The full handwritten text of the 1981 diary can be read here. The document is 80MB, so may take time to download.
Importance ranking:	Major
Word count:	1p
Themes:	Monetary policy

Thursday 26th February 1981

Terry Burns wanted me to agree to -2 MLR [Minimum lending rate] change. I reiterated that the no Rooker Wise was bad - both economically and morally it was indefensible.

MT very annoyed at DW [David Wolfson] note saying that with this sort of budget in a firm the directors would be fired - didn’t finish it, tore it up.

Dinner with Ambrose Congreve and French Duchesse de Magenta, John and Rosemary Partridge etc.) [sic]

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