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1981 Jul 2 Th
Archive (Walters MSS)

Economy: Alan Walters diary (budget) [Griffiths still predicting rapid inflation due to M3 expansion; Walters disagrees][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: 45
Themes: Elections & electoral system, General Elections, Monetary policy, Public spending & borrowing

Thursday 2nd July 1981

Brian Griffiths - Pember & Boyle - still predicting rapid inflation due to £M3 expansion. I said not so , and I guessed that by the election inflation would be about 5%. Brian clearly thought I was quite wrong (as did Geof [sic] Wood last Thursday).