Economy: Alan Walters diary [Cabinet agree pay norm; PM said too high][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: | 101 |
| Themes: | Monetary policy, Pay |
Thursday 30th September 1982
Anne Krueger - wanted me to consider job in Research Dept of Bank
Harland + Wolf get away with 40+% subsidy for new ships - no condition on wages - sad
[4 10,000 ton vessels (refrig cargo) for Blue Star Line]
only a recommendation that wage increases be zero
Cabinet agree to pay “norm&rdquo of 3½ (shades of Selwyn Lloyd) - Treasury argued 4%, but PM said too high and even JP
John Chewin
PM like Hermione Parker study (at lunch with Private Secs)
Dinner with Norman Payne