Archive (Walters MSS)

Economy: Alan Walters diary [PM upset by Barclays saying they wanted an increase in rates][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/2
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 133
Themes: Monetary policy, Taxation

Thursday 2nd December 1982

Gordon phoned to say that Mother had had a stroke - but she had recovered when I phoned - 98 this year!

Quigley from New Zealand - interested in tariff reductions and unemployment

PM very upset by Barclay’s spokesman (Bennett) saying that Bank had wanted an increase in the rates

WW [William Whitelaw] said with electronic switch to get porno - he said he would never know how to work it, but his 5 year old grandchildren certainly would.

Paddie [Paddie Walters] phoned - in new house

Steve Littlechild pointed out that my OPRT [output-related profit tax] gave rise to big oscillations in output - get big growth to reduce profit liability - looks as though I shall lose this one

[Bought two lamps at Christies]

Dinner with Guy Pfeffermann