Economy: Alan Walters diary (budget) [Gardyne agitated about expansion of bank credit; Walters argues there had been no effect on house price or the stock market][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: | 81 |
| Themes: | Monetary policy |
Wednesday 23rd September 1981
Jock Bruce Gardyne - Agitated about expansion of bank credit to personal sector - I pointed out
Derestricting indexed gilts to cover £2Bn for October. I am very much in favour - but Jock nervous about foreign buyers (OPEC) being given unfair advantage.