Economy: Alan Walters diary (inflation) [PM very concerned at decline of pound; monetary stance has changed in US; keen on persuading Reagan to cut deficit by increasing taxes][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: | 137 |
| Themes: | Monetary policy, Taxation, Foreign policy (USA) |
Monday 22nd November 1982
PM missed me!
PM very concerned at decline of £ - down to 86.5 and DM 4.02 - Jock BG
Tell PM about US visit. Monetary stance has changed - new political alignment more serious than numerical change of seats
De Larosiere (Chairman of IMF) on Mexico (doubling of VAT) - asks for agreement of banks (1,600) to expand commitment by 8% - then IMF will agree to go in.
Want GH
Keen on PM persuading Reagan to cut deficit by increasing taxes (Reagan had been trying to advance tax cut from July to Jan)
Phoned Shahid Hussain + Personnel