Economy: Alan Walters diary (budget) [lunch with PM; talks with Middleton and Burns; Canada Club Dinner][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: | 105 |
| Themes: | Employment, Monetary policy |
Wednesday 11th November 1981
Brief 15 mins with PM on speech.
Gordon Pepper says monetary policy was much better than anyone imagines.
Lunch with PM in flat - she wants to do contrast with 1950 s - very wild and inconclusive.
Middleton + Burns - we agreed on mainly M1 for target and nominal GNP for aggregate targets, but agree to talk to Jock
Canada Club Dinner - Carrington v. gloomy - being told by Earl of Airlie (Schroder Wagg) that things are very good - except for unemployment.