Economy: Alan Walters diary (Energy pricing) [PM shouts at Walters, but seems to be moving in right direction] [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:	85
Themes:	Employment, Monetary policy, Privatized & state industries, Transport

Tuesday 7th April 1981

[written on wrong page - AAW crossed through 31 March & substituted 7 April]

10.00 PM Armstrong etc. on Energy Pricing. PM shouts at me when I protest at subsidising big oil users. She thinks that she will solve unemployment by such devices. We disagree! But seems to be moving in right direction. 5d off DERV

coking (foundry) - 15% and SRMC [Short Run Marginal Cost] pricing on electricity.

16.45 Railway Electrification etc - thoroughly confusing.

Very good reply to 364 by Patrick Minford TIMES