Economy: Alan Walters diary (GLC) [Misc 79 agreed to recommend abolishing Greater London Council, PM hesitant;][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:	132
Themes:	Monetary policy

Wednesday 6th October 1982

On 30th Sept WW [William Whitelaw] Misc 79 agreed to recommend abolishing GLC [Greater London Council] - but PM was more hesitant - not time now to do that - but would be very popular

Base Rate Cut to 10% - but told Peter M [Peter Middleton] that we needed to keep on going.

Exchange Rate over 92 again

Chips Keswick (Hambros) - really not a v. intelligent man

Yet another draft on Industrial Wastelands for Brighton - very doubtful if it will be used - phoned to Brighton

Note to PM on the collapse of Germany + Italy in April-June 1982 (20% a.r. decline in Industrial Prod in G and 30% in Italy)

Dine with Patricia Rawlings (DW’s [David Wolfson] ex) and Ricardo Muti (Banco de Chile)