Economy: Alan Walters diary [Younger won on Invergordon; CBI against consumer tax reductions][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: | 144 |
| Themes: | Industry, Monetary policy, Privatized & state industries, Pay, Taxation |
Monday 6th December 1982
Ravenscraig decision - to keep open
George Younger won - as I knew he would after Invergordon. I did not intervene - it was really a pay-off to George as everyone knew PM rationalised by saying that it cost less to employ them than to pay unemployment benefit.
Sp
CBI McDougal, Dermot Glynn etc. - against consumer tax reductions and pro NIS “costs” etc. Against personal tax reductions because they think it is mainly benefits that affect work - and they believe they can fool the workers
Warner Coates - now looks after SDRs for IMF
[And the same day!!]
Run on stg