Economy: Alan Walters diary [PM agreed with Bauer report; Joseph suggests Walters as governor of BoE; Vinson desires interest rates down][released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS3/1/2
Editorial comments:	Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking:	Major
Word count:	146
Themes:	Monetary policy, Foreign policy (development, aid, etc)

Wednesday 6th January 1982

Quiet day

Wrote Note on Heath and the M1 myth.

PM agreed my Bauer Review and said excellent - certainly did not want to censor it. [Peter Bauer]

JH [John Hoskyns] tells me he has suggested to Keith [Keith Joseph] that I be governor of B/E [Bank of England].

Lunch at IEA. Nigel Vinson very keen on getting interest rates down - even at risk of inflation - well perhaps not - but I can see his point, even if his analysis is faulty.

Call from Peter Newman [head of Economics Department at Johns Hopkins] - wanted to know when I would return - said October but would confirm in a months [sic] time.

Sent PM a note saying I intended to leave during period Oct-Dec 1982.

Dinner with Ian of Vestey’s (only non family member) - good Free Trade Thatcherite.