Economy: Alan Walters diary (interest rates) [Sam Brittan desires lower interest rates - 8 months too late; TU reform][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: | 141 |
| Themes: | Monetary policy, Taxation, Trade unions, Trade union law reform |
Monday 2nd August 1982
Sam Brittan wants us to cut interest rates a lot and fast - pussyfooting by Bank of England - and he is right, but about 8 months too late - we should have done that in November when I first mooted it with the PM
JV
Lunch with Adam Ridley - he asked what my priorities were - easy - keep it going!
TU reform, Denationalisation etc. and and budgetary reform by making revision of thresholds a first priority
We cut dealing rates 1/14 to 1/8 and clear sign of following markets in U.S. downwards
Completed my tax reforms on Arlington and Victoria Squares