Economy: Alan Walters diary [Criticism in NY Times][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:	78
Themes:	Monetary policy

Thursday 21st January 1982

NY Times Peter Purcell Ratner - very aggressive - rate of growth must be very high to mop up unemployed.

C/E [Chancellor of the Exchequer] & outsiders - all supported last budget and wanted same or declining PSBR

Monetary policy - tight + right except Griffiths

Credit worries -

7.15 for 7.45 Carlton Club (Michael Bloom)

Short note to PM pointing out that derestricting indexed gilts would stop run on sterling as election approaches.