Economy: Alan Walters diary [recommends early election to PM; McMahon agrees US deficit is the dominant threat][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: | 98 |
| Themes: | General Elections, Monetary policy, Taxation, Labour Party & socialism |
Wednesday 1st December 1982
£ firm against $ to 1:63 - rise to 87.0
Littlechilds report on ORPT
Sent PM a Personal Memo recommending that there be an early election to avoid dampening run on sterling
Kit McMahon at Garrick - he is anxious to have joint budgetary expansion (Japan especially) but strangely agrees that US deficit is the dominant threat to r etc.
On challenging about poss Labout gvt he seemed less than fully committed to keeping them out.