Economy: Alan Walters diary (lunch with Burns) [MLR rate cut, rail strike postponed, wage councils] [released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS3/1/1
Editorial comments:	Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking:	Major
Word count:	116
Themes:	Monetary policy, Energy, Media

Wednesday 8th April 1981

[written on wrong page - AAW crossed through 1 April & substituted 8 April]

Lunch - Terry Burns - soon a MLR [Minimum lending rate] cut - I agree - the economy is growing right.

[Different pen used from this point]Energy Cttee Egy - Derv reduction OK, but rest are deferred.

PM very good - talked about SRMC [Short Run Marginal Cost] pricing!

Wages councils - Jim [Jim Prior] slowly slowly - a very silly paper, but supported by KJ [Keith Joseph] !

Chancellor very good - wants to send em packing.

Rail - postponed, a strike likely?

Saw Anton [sic] Kaletsky at Reform - told him that he misrepresented me in his article.