Economy: Alan Walters diary (budget) [Alarmed at interest rate rise][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:	64
Themes:	Monetary policy, Public spending & borrowing

Friday 11th September 1981

[Entry crossed out]

Burns, Middleton, Ridley [Adam Ridley] on Ec. - Alarmed at interest rate rise - already signs of rates falling. M & B used exchange rate as main criterion. M3 shooting up due to personal sector borrowing exp. (&163;1,200 in Sept) - but I argued no effect on house prices or stock market. [end of crossed out section]

[12 September entry blank]