Archive (Walters MSS)

Economy: Alan Walters diary [helped Mount produce a memo supporting privatising Sewage of Merseyside; Brittan negative][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: 156
Themes: Monetary policy

Wednesday 21st July 1982

Gvr [Gordon Richardson] said 1989’s were no good because they would go straight into banks - JBG [Jock Bruce Gardyne] said nonsense

Peter Middleton

250 shorts 500 ’98s = 750 Agreed

frights about August funding

Should not do large amounts at long end.

except if indexed - Peter wants a formal letter of protest to him so he can show it to EG [Eddie George]

Deal - 300 ’89 300 ’98 John Kerr - AW ogre

J B-G agreed to NSC [National Savings Certificates] with lighter rate of interest - crazy - overruled Peter Middleton - so prepared a memo to PM to stop it and retain the 24th issue.

Lunch at IEA with John Hoskyns, Halstead (Beechams)

Helped FM [Ferdinand Mount] produce a memo supporting Michael Heseltine’s argument for privatising the Sewage of Merseyside - Leon very negative, but bid the contract on a will defund basis

Peter Bauer for Dinner