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): 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: | 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).