Economy: Alan Walters diary [PM said last thing she wanted was another increase in base rates][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: | 127 |
| Themes: | Monetary policy, Taxation |
Tuesday 7th December 1982
Overnight pressure on stg
PM said that the last thing she wanted was another increase in Base Rates. Ex R 85.4
Give away on Ilygon - “bird in the hand”
- great pressure from Trade + Industry
E on steel plant at Iligon
Tax avoidance (PM’s mtg) cancelled
Matthew Simon at Tante Claire
Spent £160 by 10.00 oclock - but then pressure eased but still 11% of 7 day, 103/8 on 3m
4.00pm 10¾ Steadied of its own accord - no more intervention apart from £125m this morning