Economy: Alan Walters diary (budget) [notes on MTFS. MT row with Ian MacGregor][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:	115
Themes:	Monetary policy, Public spending & borrowing

Thursday 17th December 1981

Notes on MTFS [Medium Term Financial Strategy] sent to Burns + Middleton plug for M1 guide (with M0 and retail M1) and £M3 as subsid - 3 year growth

Peter Utley + Matthew Simons (New ec ed D Tel)

- a bit wet - especially on AID

- said SDP were against WIT Meade and Incomes policy

- John Horam says econ pol is same as Thatcher

Party at No. 10 [different pen used from this point] Late night cabinet on Ian MacGregor s crazy idea for buying Kaiser . PM had great rows with him.

David Hart s for dinner - he had his book accepted by Anthony Blondin, David Portillo (ex Energy). [sic: Michael Portillo]