Economy: Alan Walters diary (budget) [PM annoyed at Hoskyns’ performance; Middleton says not to forget personal allowances in budget][released 2012]

Thursday 9th December 1982

PM apparently annoyed at John Hoskyns performance on TV

Same as yesterday 10 -10½ dealing rates

- 7 days 1015/16. all below 11

- policy put a little more (£70m) into mkt

Peter M. [Peter Middleton] said we should not forget personal allwces [allowances] in budget - CBI lobbying already - rlway elec? [railway electrification]

- had not read Hermione Parker on allws

Alfred Goldstein - trying to pressure him to sign Serpell report - said that he would not agree.

What is best for No.10 - BR will never deliver the £150m while they have the present mgt.

AG [Alfred Goldstein] called to SOS

Gvr [Gordon Richardson] get interest rates up

Dealing 10 101/32 ER 85.8

7 day 1013/16 (-1/8)

3 months 1013/16

Put in +£50 on market

Eddie G [Eddie George] - OK. But skin of the teeth

Peter Bauer has got his LP [Life Peerage] - PM saw him today