Economy: Alan Walters diary (budget) [PM handled economic strategy meeting brilliantly. Prior an idiot. Fletcher crazy.][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:	88
Themes:	Monetary policy, Privatized & state industries, Public spending & borrowing, Transport

Wednesday 17th June 1981

9.30 Cabinet on economic strategy (notes). PM handled it brilliantly - all agreed on strategy, the only debate was about SHADING. Summarised brilliantly by PM. But main results in the Standard lunchtime edn

- obviously by someone who was there.

4.00 E on railway electrification - J.P. [Jim Prior] on about rate of return on level crossings and rail could not find money even with 50% return - idiot.

7.00 PM at house meeting with Alex Fletcher about his crazy idea.

8.00 concert Janet Baker Der Kindertotenlieder