Archive (HM Treasury)

Monetary Policy: Biffen minute for Chancellor (proposed 5 per cent cut in real public sector pay) [“we are - perhaps - dangerously moderate in our counter-inflation policy”] [declassified 2013]

Document type: Declassified documents
Source: PO-CH-GH0045A f103
Editorial comments: The Peter Cropper paper on which Biffen was commenting has not been found. Nigel Lawson commented on it the same day; also on this site.
Importance ranking: Major
Word count: 1p
Themes: Monetary policy, Pay, Public spending & borrowing