Economy: Alan Walters diary [Sends PM note on Howe - PM rejects it][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:	77
Themes:	Monetary policy

Tuesday 19th October 1982

Lunch with Shell [name unclear] (Taiwan)

Sent PM a note on GH’s [Sir Geoffrey Howe] forecasts of 6½ wages 5% prices for 1983 - still real wages increasing and unemployment 3.2 for ever - apparently she rejected it! Agreed to GH’s British Rail - JH [John Hoskyns], FM [Ferdinand Mount] at MOT - now to be positive with Serpell Results (not cutting ok)

Very civil service - chief economist a nut case (Cole?)