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PDF 82 Oct 12 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 3321 to FCO (2300Z) (“U.S. monetary policy”) [“the small reduction in the discount rate … represents no change in the basic thrust of policy”] [declassified 2014]
PDF 82 Oct 12 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 3320 to FCO (2300Z) (“A shift in US monetary policy?”) [“opinion is divided on the importance of the change for the medium term”] [declassified 2014]
PDF 82 Oct 14 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 3347 to FCO (2310Z) (“President Reagan’s speech to the nation: the US economy”) [“America… recovery-bound and the world knows it”] [declassified 2014]
PDF 82 Oct 25 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 12 to FCO (2140Z) (“US economy”) [“the immediate prospects for the US economy may be less optimistic than the recent behaviour of the New York Stock Exchange might indicate”] [declassified 2014]
PDF 82 Oct 28 Th Declassified documents Major Archive (TNA) US: No.10 record of conversation (MT, Arthur Burns) [Burns said the US economy “had bottomed out and there would be some slight growth in the coming year”] [declassified 2014]
PDF 82 Nov 10 We Declassified documents Major Archive (TNA) US: Chancellor of the Exchequer PS letter to Cabinet (“Other countries fiscal policies”) [background note on European economies] [declassified 2014]
PDF 82 Nov 19 Fr Declassified documents Major Archive (TNA) US: UKE Washington record of conversations (Alan Walters visiting Donald Regan, Beryl Sprinkel, Paul Volcker, Mark Leland, Stephen Axilrod, AIE staff) [monetary policy; interest rates; independence of the Fed] [declassified 2014]
PDF 82 Nov 23 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 3790 to FCO (1645Z) (“Prospects for US economic policy”) [unemployment to be the focus of the upcoming lame duck congressional session] [declassified 2014]
PDF 82 Nov 24 We Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“United States economic policy”) [“predominant feeling… one of uncertainty, loss of confidence, confusion and flux”] [declassified 2014]
PDF 82 Dec 23 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 4039 to FCO (2350Z) (“Congress: the lame duck session”) [passed resolution on government funding] [declassified 2014]
PDF 83 Jan 13 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 86 to FCO (2352Z) (“Reagan administration: the budget”) [“the state of the economy is dictating policy rather than the other way around”] [declassified 2014]
PDF 83 Jan 31 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 243 to FCO (0600Z) (“United States: Budget for FY84”) [“forecast is for some recovery in the first half of 1983 with greater momentum gathering in the second half”] [declassified 2014]
PDF 83 Jan 31 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 246 to FCO (2300Z) (“US economy: background briefing on the budget and the economic report of the President”) [“the administration’s short-term forecast was intended to be realistic and was not simply a goal”] [declassified 2014]
PDF 83 Feb 1 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 251 to FCO (1745Z) (“Which Reagan?”) [“Was the President’s widely-noticed conciliatory tone merely cosmetic?”] [declassified 2014]
PDF 83 Feb 2 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 268 to FCO (2325Z) (“Initial reactions to President Reagan’s FY84 budget proposals”) [“doubts as to whether the proposals for reducing the deficit reflect any major change in the administration’s priorities”] [declassified 2014]
PDF 83 Feb 11 Fr Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“Martin Feldstein’s views on the US economy”) [“what we do not know is whether the recovery will persist”] [declassified 2014]
PDF 83 Feb 24 Th Declassified documents Major Archive (TNA) US: Chancellor of the Exchequer minute to MT (“The US economy”) [“Monetary policy appears to be in some disarray”] [declassified 2014]
PDF 83 Feb 25 Fr Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“US economy: Chancellor’s memorandum 24 February”) [“the Fed’s policy has turned from being disinflationary to one that is markedly inflationary”] [declassified 2014]
PDF 83 Feb 28 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 484 to FCO (2050Z) (“US economy”) [“A gradual US economic recovery appears now to be underway”] [declassified 2014]
PDF 83 Mar 3 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 512 to FCO (2330Z) (“US economy: short-term prospects”) [“the administration will revise upwards its economic forecasts for 1983”] [declassified 2014]
PDF 83 Mar 14 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 620 to FCO (1920Z) (“U.S. economy: views of private forecasters”) [“have become more optimistic during the past month”] [declassified 2014]
PDF 83 Mar 22 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 721 to FCO (2245Z) (“US economy: GNP growth in the first quarter of 1983”) [“The main factors behind the recovery so far seem therefore to be a deceleration in inventory drawdown and the recovery in housing”] [declassified 2014]
PDF 83 Apr 13 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 969 to FCO (1715Z) (“US budget deficit”) [deficits for 1983-84 will be higher than forecast; deficits for 1985-88 will be lower than forecast] [declassified 2014]
PDF 83 Apr 13 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 970 to FCO (1720Z) (“US monetary policy”) [Volcker appearance before banking committee] [declassified 2014]
PDF 83 Apr 14 Th Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“United States economic policy”) [“There is some evidence that the Fed is reducing the very rapid rate of monetary growth that began in July 1982”] [declassified 2014]
PDF 83 Apr 22 Fr Declassified documents Major Archive (TNA) US: UKE Washington telegram 1099 to FCO (2340Z) (“US economy: recent developments”) [“There is now confirmation that a US economic recovery is under way”] [declassified 2014]
PDF 83 May 14 Sa Declassified documents Major Archive (TNA) US: UKE Washington telegram 1345 to FCO (1840Z) (“Prospects for reducing the US budget deficit: latest developments in Congress”) [“The annual US budget battle if anything is proving more than usually dis-orderly”] [declassified 2014]
PDF 83 May 17 Tu Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“Williamsburg: The thematic paper (revised) 12 May 1983”) [exchange rates & intervention; a new Bretton Woods; aid/IMF] [declassified 2014]
PDF 83 May 29 Su Declassified documents Major Archive (TNA) US: UKE Washington telegram 1805 to FCO (0205Z) (“President Reagan’s press conference of 28 June: US economy”) [“The US economy was beginning to sparkle”] [declassified 2014]
PDF 83 Jun 24 Fr Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“United States economy”) [doubts strength of US recovery] [declassified 2014]
PDF 83 Jun 29 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 1813 to FCO (2200Z) (“US economy: higher growth forecasts”) [deficit reduction proposals, tax reform] [declassified 2014]
PDF 83 Jul 7 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 1903 to FCO (2254Z) (“Call on Secretary Regan”) [Regan “saw no case for cooling down the economy when it had not yet had a chance to hot up”] [declassified 2014]
PDF 83 Jul 20 We Declassified documents Major Archive (TNA) US: Cockfield minute to MT (US economy) [“The implications for our own policy are profound”] [declassified 2014]
PDF 83 Aug 5 Fr Declassified documents Major Archive (TNA) US: UKE Washington telegram 2211 to FCO (2355Z) (“US intervention in foreign exchange markets”) [“desire to smooth the volatility of the Dollar/Deutschemark rate”] [declassified 2014]
PDF 83 Sep 5 Mo Declassified documents Major Archive (TNA) US: John Moore PS letter to No.10 (Economic Secretary’s meetings in Washington) [US economic prospects] [declassified 2014]
PDF 83 Oct 20 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 3036 to FCO (0139Z) (“President Reagan’s press conference: the US economy”) [Reagan said that “1000 days into his administration a strong recovery was under way”] [declassified 2014]
PDF 83 Oct 21 Fr Declassified documents Major Archive (TNA) US: Chancellor of the Exchequer PS letter to No.10 (“Mr Kinnock and the US Budget Deficit”) [response to Kinnock’s suggestion “that we should emulate the US budget deficit in pursuit of growth”] [declassified 2014]
PDF 83 Nov 9 We Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“US economy and inflation in 1984”) [“by the end of 1984 the inflation rate will reach 6% and might even be as high as 9%”] [declassified 2014]
PDF 83 Dec 2 Fr Declassified documents Major Archive (TNA) US: No.10 Policy Unit minute to MT (“The US economy”) [“The US economy is rushing forward on the back of easy money and a traditional Keynesian stimulus to the economy”] [declassified 2014]
PDF 83 Dec 5 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 3660 to FCO (2254Z) (“U.S. economy: latest developments”) [“the U.S. economy is undergoing a rapid expansion”] [declassified 2014]
PDF 83 Dec 7 We Declassified documents Major Archive (TNA) US: No.10 briefing for MT (“Visit of Treasury Secretary Regan”) [US economy, international debt, unitary taxation] [declassified 2014]
PDF 83 Dec 8 Th Declassified documents Major Archive (TNA) US: Treasury briefing (“Chancellor’s meetings with Mr Regan, 8 December”) [“Cannot disguise own view that budget deficit is key”] [declassified 2014]
PDF 83 Dec 8 Th Declassified documents Major Archive (TNA) US: No.10 note for the record (“Prime Minister’s comments on US budget deficit”) [line to take] [declassified 2014]
PDF 83 Dec 21 We Declassified documents Major Archive (TNA) US: No.10 note to MT (Peter Tapsell letter handed to John Coles) [US deficit] [declassified 2014]
PDF 84 Jan 17 Tu Declassified documents Major Archive (TNA) US: Treasury record of conversation (Lawson, Ambassador Price) [Price “very much afraid that the Budget proposals would show no reduction in the US deficit”] [declassified 2014]
PDF 84 Jan 26 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 306 to FCO (2347Z) (“State of the Union address: President Reagan and the US budget deficit”) [“he does not wish to make hard economic choices in an election year”] [declassified 2014]
PDF 84 Jan 31 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 352 to FCO (2358Z) (“The United States FY85 Budget”) [growth strong, major tax reforms unlikely] [declassified 2014]
PDF 84 Feb 10 Fr Declassified documents Major Archive (TNA) US: No.10 note to MT (Volcker’s views on US economy) [article on deficit threat] [declassified 2014]
PDF 84 Feb 23 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 614 to FCO (0436Z) (“President’s press conference: economic issues”) [“it was ironic that those who had demanded negotiations were now proving reluctant to enter them”] [declassified 2014]
PDF 84 Mar 17 Sa Declassified documents Major Archive (TNA) US: UKE Washington telegram 923 to FCO (0115Z) (“US budget deficit: Presidents proposals”) [the package “has returned the political initiative to the administration”] [declassified 2014]
PDF 84 Mar 24 Sa Declassified documents Major Archive (TNA) US: UKE Washington telegram 1009 to FCO (0014Z) (“US economy: higher interest rates”) [“The expansion has resulted in a strong growth in the private demand for credit”] [declassified 2014]
PDF 84 Apr 16 Mo Declassified documents Major Archive (TNA) US: No.10 letter to US Ambassador to West Germany (speech to the Industrie Club: ‘The American Trade Deficit in Perspective’) [MT: “applies your customary clarity & wisdom to the enormous issues that face us”] [declassified 2014]
PDF 84 Apr 25 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 11 to FCO (“Outlook for the US budget deficit: Chief Secretary’s visit to Washington”) [consensus that deficit reduction package will pass Congress but deficit still likely post-November elections] [declassified 2014]
PDF 84 May 10 Th Declassified documents Major Archive (TNA) US: Littler minute to Chancellor of the Exchequer (“New York meeting of bankers”) [“Discussion focussed heavily on problems of management of the maturities and interest costs of commercial debt”] [declassified 2014]
PDF 84 May 18 Fr Declassified documents Major Archive (TNA) US: No.10 note to MT (Continental Illinois rescue) [“There was no detectable reaction in the foreign exchange markets where the Gulf was the dominant factor”] [declassified 2014]
PDF 84 May 24 Th Declassified documents Major Archive (TNA) US: Chairman of BL PLC letter to MT (US car tax legislation) [“We are mobilising opinion among United States owners and dealers who support our position”] [declassified 2014]
PDF 84 May 24 Th Declassified documents Major Archive (TNA) US: Rolls-Royce letter to MT (US car tax legislation) [legislation “would clearly discriminate against higher priced imported cars”] [declassified 2014]
PDF 84 Jun 1 Fr Declassified documents Major Archive (TNA) US: Chancellor of the Exchequer PS letter to No.10 (“US proposals to limit tax benefits on company cars”) [advises MT not write formally to Reagan but issue should be flagged with White House] [declassified 2014]
PDF 84 Jun 1 Fr Declassified documents Major Archive (TNA) US: No.10 internal minute: Policy Unit to Turnbull (“US proposals on company cars”) [“this particular measure is protectionist”] [declassified 2014]
PDF 84 Jun 1 Fr Declassified documents Major Archive (TNA) US: Andrew Turnbull minute to MT (“US Proposals To Limit Tax Benefits on Company Cars”) [MT cannot raise the issue bilaterally with Reagan but is happy to sign a note] [declassified 2014]
PDF 84 Jun 5 Tu Declassified documents Key Archive (TNA) US: No.10 record of conversation (MT, President Reagan) [East/West relations - “Mrs Thatcher’s general impression was that the US Government was rather at a loss as to how to proceed”; Middle East; Central America; Northern Ireland; trade issues; Laker case] [declassified 2014]
PDF 84 Jun 7 Th Declassified documents Major Archive (TNA) US: Treasury record of conversation (Lawson, Japanese Finance Minister Takeshita) [unitary tax, US deficit, international debt, Japanese capital markets, IDA supplemetary] [declassified 2014]
PDF 84 Jun 28 Th Declassified documents Major Archive (TNA) US: No.10 letter to US Embassy (US tax reform measures in relation to imported cars) [“not discriminatory”] [declassified 2014]
PDF 84 Jul 9 Mo Declassified documents Major Archive (TNA) Economy/US: Alan Walters minute to MT (“Feldstein’s parting shots”) [“How long can this awful trinity of high deficit, dollar and interest rates continue?”] [declassified 2014]
PDF 84 Jul 13 Fr Declassified documents Major Archive (TNA) US: Rolls-Royce letter to MT (US car tax legislation) [“your personal intervention with President Reagan was crucial in achieving amendments”] [declassified 2014]
PDF 84 Jul 14 Sa Declassified documents Major Archive (TNA) US: UKE Washington telegram 2151 to FCO (1535Z) (“1984 Democratic platform: growth, prosperity and jobs”) [“hardly sets out a coherent, let alone costed, economic programme”] [declassified 2014]
PDF 84 Jul 26 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 2271 to FCO (0125Z) (“US monetary policy”) [Volcker warning of slower growth, call for deficit reduction, relationship between deficits and interest rates] [declassified 2014]
PDF 84 Aug 31 Fr Declassified documents Major Archive (TNA) US: UKE Washington telegram 2590 to FCO (2245Z) (“The US economy: movements in the leading index of economic indicators”) [two consecutive months of decline; a third would signal a downturn] [declassified 2014]
PDF 84 Sep 1 Sa Declassified documents Major Archive (TNA) US: Alan Walters article (“Dollars and Deficits”) [“One tries not to think about the deficit. It is just too distressing”] [declassified 2014]
PDF 84 Sep 17 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 2750 to FCO (1637Z) (“US economy: prospects for deficit reduction and tax reform”) [further deficit reduction next year unlikely, prospects for fundamental tax reform highly problematical] [declassified 2014]
PDF 84 Sep 20 Th Declassified documents Major Archive (TNA) US: President of the Society of Motor Manufacturers & Traders letter to MT (“Selective Distribution Block Exemption”) [“The regulation will place in the hands of bureaucrats in Brussels the right to be judge and jury over prices”] [declassified 2014]
PDF 84 Oct 1 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 29 to FCO (“United States monthly economic report for September”) [real GNP, consumer spending up; interest rates down; dollar surged] [declassified 2014]
PDF 84 Nov 27 Tu Declassified documents Major Archive (TNA) US: Alan Walters minute to MT (“A banking crisis in the United States”) [“The balance sheets of US banks … are in a parlous state and cannot be quickly recapitalised”] [declassified 2014]
PDF 84 Dec 5 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 3625 to FCO (2347Z) (“Shultz at Chevening: US trade policy”) [“The US external account has continued to deteriorate”] [declassified 2014]
PDF 84 Dec 12 We Declassified documents Major Archive (TNA) US: Treasury record of conversation (Chancellor of the Exchquer, Paul Volcker) [US economy, deficit, banking system] [declassified 2014]
PDF 85 Jan 10 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 88 to FCO (2310Z) (“US budget deficit: latest developments”) [administration faces “the prospect of presenting a budget dead on arrival in Congress”] [declassified 2014]
PDF 85 Feb 3 Su Declassified documents Major Archive (TNA) US: UKE Washington telegram 360 to FCO (0205Z) (“The United States FY86 Budget”) [“contains few surprises”] [declassified 2014]
PDF 85 Feb 11 Mo Declassified documents Major Archive (TNA) US: UKE Washington telegram 463 to FCO (2352Z) (“US FY86 Budget: latest developments”) [Reagan’s “proposals are in for a rough ride and will be substantially altered by the Congress”] [declassified 2014]
PDF 85 Feb 14 Th Declassified documents Major Archive (TNA) US: UKE Washington telegram 511 to FCO (0626Z) (“Prime Minister’s visit - economic aspects”) [“there is no sense in the administration’s top echelons of emerging crisis or need for urgent action”] [declassified 2014]
PDF 85 Feb 17 Su Declassified documents Major Archive (TNA) US: UKE Washington telegram 152 to FCO (2315Z) (Regan statement on G5) [commitment to greater exchange market stability] [declassified 2014]
PDF 85 Feb 18 Mo Declassified documents Major Archive (TNA) US: No.10 Policy Unit minute to MT (“Reaganomics”) [“appealing to his own political sense on what real high rates and large deficits are doing to his own domestic manufacturing base, and to the US banking system, may bring the message home”] [declassified 2014]
PDF 85 Feb 18 Mo Declassified documents Major Archive (TNA) US: Chancellor of the Exchequer minute to MT (“US economic policy”) [“It is a time when painful decisions must be made”] [declassified 2014]
PDF 85 Feb 19 Tu Declassified documents Major Archive (TNA) US: UKE Washington telegram 564 to FCO (0410Z) (“The Dollar”) [Treasury Secretary disquiet at recent rise in the Dollar] [declassified 2014]
PDF 85 Feb 20 We Declassified documents Major Archive (TNA) US: Treasury minute to No.10 (Volcker statement to Banking Committee) [“the progressive easing of reserve conditions had come to an end and open market operations were being conducted more cautiously”] [declassified 2014]
PDF 85 Feb 20 We Declassified documents Major Archive (TNA) US: UKE Washington telegram 598 to FCO (2340Z) (“US monetary policy”) [end to progressive easing of monetary policy] [declassified 2014]
PDF 85 Feb 28 Th Declassified documents Major Archive (TNA) US: UKE Washington letter to Treasury (Volcker testimony to House Banking Committee and Senate Foreign Relations Committee) [“we are in a real sense living on borrowed money and time”] [declassified 2014]
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Documents lie at the core of this website, each one dated and sorted chronologically (by default) in search results. Most are images in PDF format of original paper documents scanned or filmed for the site. There also transcripts of speeches and interviews, press articles, photos, videos, and more. The document database contains tens of thousands of items and permits complex searching.

Files are multi-page PDFs from which most of the documents on the site are selected. All of Mrs Thatcher’s official files from No.10 are available in full on this site (paper copies are stored at the National Archives in the series PREM19), as well as most of those of Geoffrey Howe and Nigel Lawson as Chancellor (stored at TNA as series T639 and T640).

Guides are articles about key events and topics. Many were written to accompany annual releases of Mrs Thatcher’s private and party papers at the Churchill Archive Centre in Cambridge.

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