Economy: Alan Walters diary (interest rates) [interest rates falling; FT went through 600 barrier; PM uses speech][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:	134
Themes:	Defence (Falklands), Monetary policy

Friday 8th October 1982

Interest rates kept falling creating more expectations - FT went momentarily through 600 barrier for first time in History

Saw Kenneth Baker at Conference - he said DI [Department of Industry] had taken my criticism of BT to heart and were suggesting an alternative that “would be acceptable to me” - we’ll see

Lunch at Healthfood Restaurant - met (Peter?) Townsend MP - one of Ian Gow’s boys [John Townsend]

Speech - great success - used most of my economics and jokes - but I thought a mistake to include detail on wage costs/unit of output - opening on Falklands and final peroration on no change

- steadfast etc. excellent

Keith [Keith Joseph] asked me to comment on Enoch’s Paper

Returned to London - curry and early to bed!