Economy: Alan Walters diary (budget) [Sherman’s fears of importing US depression due to high interest rates; Walters urges to wait and see][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:	55
Themes:	Monetary policy, Public spending & borrowing

Wednesday 7th October 1981

Howe tips me that Heath has letter in Tomorrow s Times - I suggest Edward Goldberger replies.

Lunch at BBC with Fischer (head of talks etc.)

4.30 Congdon, Goldsmith and Alfred [Alfred Sherman] - worried about importing US depression due to high interest rates. I urged them to wait and see if it comes down.