Economy: Alan Walters diary (interest rates) [PM agrees to YTS wording; US interest rates through the roof][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: | 110 |
| Themes: | Monetary policy |
Monday 21st June 1982
PM agreed to my wording on YTS application to Public Sector jobs - restricted to Commercial + Industrial establishments
US interest rates and $ going through roof
Lunch at Warburg Smithers Eric Roll + Tim Smithers wanted (a) MBC and (b) Conversion
- debated also Gvrship
Fforde, George + Middleton on interest rates
- cannot go down with our rates while US Euro dollar rates are 16½% Treasury Bull 12½% or so
Dinner at Harold Levers Eé Lauder and Mrs Watt, Frank Giles, Rothschild, etc.