Archive (Walters MSS)

Economy: Alan Walters diary [no money to pay NUR men; interest rates easing][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: 97
Themes: Monetary policy, Pay

Monday 5th July 1982

NUR/ASLEF issue - whether to send NUR men home because no money to pay them

- may appeal against + BRB may lose - whether public would support them - great opposition to any outside or volunteer drivers - but I suggest give NUR members the option work with new drivers or not work at all

Pember + Boyle and Brian Griffiths

Interest rates easing down in markets

1/16th off band 4 and interbank are falling

- widely anticipated that dealing rates will fall further - U.S. money supply fell by $2½ bn