Economy: Alan Walters diary [discusses Guildhall speech with PM; MT gives Howe “a roasting on thresholds”][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: | 124 |
| Themes: | Monetary policy |
Wednesday 13th October 1982
“Mantle of leadership of West on her”?
PM called me in to discuss Guildhall Speech
lots of free association. PM said more hope for Russians than Chinese - “they are cruel”
Explained Minford’s SECRET was favoured by the SSRC and very openly available.
PM anxious for me to draft speech and to have lunch with economists
Base Rate Cut ½%
EG
- stepping into technical reaction
- customising against
New Stock - £500 mn ¾ premium
- switch into IG’s
PM saw C/E