Economy: Alan Walters diary [convinced PM on funding][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: | 139 |
| Themes: | Monetary policy |
Thursday 5th August 1982
PM on funding - convinced her of need for some conversion - at least no more long dated conventional stock - and we should buy in long term and issue shorts and IG’s
Lunch with Geof Pattie (Junior Minister of Defence) Paddie (Air Vice Marshall) - Alfred S.
D. Serpell - pressed to deliver in early November - SOS concerned with immediate 82/84 - money is it right?
Long term is a secondary issue - but Alfred G
- only cost cutting to 82/84 - need to evaluate
Peter Middleton says that we sold £600m or so - all August funding done - IG’s sold out - 2011