Economy: Alan Walters diary [Walters trying to stop MT and Howe from goading Reagan] [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: | 109 |
| Themes: | Foreign policy (USA), Employment, Monetary policy, Public spending & borrowing |
Friday 28th May 1982
Most away today for Queen’s B/day
I worked on “accord” for PM to agree with GH
Rupert Penant-Rea - he is a great supporter - but like me he reflects on whether it will last - secular results
- both of us think it will - I told him by end of ’83 inflation would be about 5% but very difficult to get down below that figure.
Norman Lamont welcomes our regional employment premium but says it could not qualify for ERDF