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Archive (Walters MSS)

Economy: Alan Walters diary (budget) [“PM stupid”. Problems with Youth Opportunity Programme.][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: 115
Themes: Monetary policy, Privatized & state industries, Pay, Transport

Monday 14th December 1981

PM stupid - wants to suppress the article by David Howard (Fed) showing M3 is better than M1 [sic: see 15 December entry] - I begin memo.

David W s [David Wolfson] on son of YOP [Youth Opportunities Programme] - in context of revolt of the £16 payment.

Only ½ of the YOP s are on trg [training] yet average cost is £50 pw.

Lunch Edmund Goldberger, Julian Amery etc.

Nice old buffer JA - hopelessly romantic but also very shrewd.

Dinner Simon Jenkins, Posner, and BR - clearly designed to mend fences - could I see any case for subsidy . Jenkins said he wanted to split up BR [British Rail] - sell off Southern Line.