Economy: Alan Walters diary (unemployment) [PM agrees to circulate the Minford Report on unemployment][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:	109
Themes:	Monetary policy

Thursday 16th September 1982

PM agreed to circulate the Minford Report on unemployment - but v. limited to C/E, CPRS, NT [Norman Tebbit]

PS [Private Secretary] lunch - dominated by the NHS dispute and NF’s [Norman Fowler] offer for 2 year + permanent.

PM off to China

Jock B/G [Jock Bruce Gardyne] + Peter M [Peter Middleton]: CBI already told PM that they are going for NIS [National Insurance Surcharge] elimination, Eliminating Investment Surcharge and Reduction of Rates. J B/G agreed that we let the CBI get away with NIS last year - they lobbied backbenchers. Reassured JBG about National Savings and suggested some room for interest rate reductions.