Economy: Alan Walters diary (budget speech) [“Budget speech - all hell breaks loose, the wets are up in arms - we’ll have a hot summer!”] [released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments:	Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking:	Major
Word count:	82
Themes:	Monetary policy, Pay, Public spending & borrowing

Tuesday 10th March 1981

Budget speech - all hell breaks loose, the wets are up in arms - we ll have a hot summer!

Public sector pay - sent J. Vereker my rule [equation in text] adjustment including quit rates - tried this on Whitmore at lunch - a bit dense - but looks as though it might get somewhere.

Pol EC Club in evening - Lawson defending

Griffiths thinks it is courageous [Different pen from this point] but great attack by Green - - £5 Bn squeeze