Economy: Alan Walters diary (budget) [memo pointing out we cannot suppress reports of bad performance of M3. “Will I be fired?”][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: | 66 |
| Themes: | Monetary policy, Public spending & borrowing |
Tuesday 15th December 1981
Memo pointing out that we cannot suppress the reports of the bad performance of M3.
We have nothing to fear from the truth
Will I be fired?
Lunch Peter Tapsell - pompous man and quite unable to stand up to my arguments that PSBR in 1980/81 was expansionary (13½Bn) yet economy collapsed whereas PSBR in 1981/82 was 10½ yet economy recovered.
Dinner Aaron and Sue Gellman