Economy: Alan Walters diary (budget) [PM “getting neurotic about budget”; fall in M1][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: | Monetary policy, Public spending & borrowing |
Thursday 19th November 1981
Fall in M1 shows responsiveness to rates of interest. M3 expands very fast > PSL2 structured changes and extending of Bank competition.
PM has asked for ALL people who have seen my memo on NIS - getting neurotic about the budget - but NIS memo of GH
E(NI) meeting - mainly push ahead with CPRS.
Keith J.
Friday 20th November 1981
Not feeling very well today