Economy: Alan Walters diary (secret meeting) [secret meeting agreed thresholds and more work on CAP and workfare][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:	130
Themes:	Employment, Monetary policy

Friday 15th October 1982

MS [Michael Scholar] reported that secret meeting had agreed Thresholds (with C/E [Chancellor of the Exchequer] dissenting) and more work on CAP and workfare

- No minutes and record

Alfred Sherman and Employment Group - ideas?

R. Fowler, Linda Rouse, etc.

Patrick Minford - told him not much chance of her appointing a successor to me.

(PTB [Peter Bauer] insisted on Wages as a cause of U)

Lunch PM + Econ (PTB, G Pepper, Budd, Rose + Peter M [Peter Middleton] + Terry B [Terry Burns]) - assured by Pepper et al that her policies were right!

Afterwards she told TB that THRESHOLDS must be reduced - TB was under instruction to argue C/E case for NIS again.

Ivor Fallon - about electricity prices and general