Wednesday 6th May 1981
Memo
Lunch with Sir Emmanuel Kaye- wants a devaluation a la 1931 - but I told him then there was a deflation, not a 10% inflation as today.
Rolf Luders etc. to drinks.
Economy: Alan Walters diary (exchange rate) [Emmanuel Kaye wants a 1931-style devaluation] [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: | 33 |
| Themes: | Monetary policy, Public spending & borrowing |