Economy: Alan Walters diary [Scholar wants to legislate on upstream loans; Small’s reservations about CPRS unemployment study][released 2012]

Friday 5th March 1982

New outburst by companies in FT at IR proposals for tax avoidance legislation.

M.S [Michael Scholar] said he contacted J Kerr in C/E [Chancellor of the Exchequer s Private Office] and they do eventually want to legislate on upstream loans etc. and reluctant to say anything in budget speech.

PM wrote very nice letter to Peter Newman [head of Economics Department at Johns Hopkins]

Adrian Small - same reservations about CPRS unemployment study - no supply side as in Minford model.

CW<[Clive Whitmore] had reservations about Ferdy Mount - (a) not worked in bureaucracy (b) journalist

[6 March entry has “Patrick & Rosie Minford to dinner” crossed through with the words “6 Feb” written next to them]