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): 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: | 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