Economy: Alan Walters diary [cabinet meeting; disputes with Hahn over whether unemployment caused by Thatcher][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: | 121 |
| Themes: | Monetary policy, Strikes & other union action |
Thursday 24th June 1982
PM spent long time getting back from Heathrow - Tube strike
Note to PM on Public Exp and Defence
- need for new methods, and should not enter any more open ended commitments
Cabinet - WW
Saw Sparrow waiting for E - he wanted to know about Gas Gath
Norry Adelman - Britain join OPEC and reduce output? - Never
Frank Hahn - “Inflation does not matter”
- but agreed that variation mattered and that variance was positively correlated with rate of inflation
- Unemployment “caused by Thatcher”
- I argued that not true Ireland, France, Germany