Archive (Walters MSS)

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): WTRS 3/1/2
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: Employment, Monetary policy, Public spending & borrowing, Foreign policy (USA)

Friday 28th May 1982

Most away today for Queen’s B/day

I worked on “accord” for PM to agree with GH [Sir Geoffrey Howe] + Reagan. Trying to stop them unnecessarily goading Reagan.

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 [European Regional Development Fund] grant - that has to be specific