Economy: Alan Walters diary (budget) [cabinet meeting on public expenditure][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:	128
Themes:	Employment, Monetary policy, Public spending & borrowing

Tuesday 20th October 1981

10.00 Cabinet on Public Expenditure

PM wanted to talk about Cabinet mtg - asked Jock [John Bruce-Gardyne] to do censure speech

PS [Private secretary] - conclusion that all is to be played for.

Carrington only one who took a firm line - social justice etc., and he did shut up PM - but she retracted.

Employment measures discussion with JH [John Hoskyns], AD [Andrew Duguid], DW [David Wolfson] - new figures show depressing increase in seasonally adjusted of 55,000 or so

5.00 Westminster Industrial Brief

Petteridge says City believes that there will be U turn. I tried to assure him.

10.00 News - All cabinet disc [discussion] on - in spite of No leak promise. Biffen presented as wet - which he was NOT