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1988 Jan 9 - 1988 Jun 24
Prime Ministerial Private Office files

PREM19/2086
Economic Policy (Domestic monetary policy) (Part 18)

Source: TNA, PREM19 series
Release date: 2016 Jul 21
Classification: Secret
Page count: 397
Any docs withheld?

PREM19/2086 - download whole file (PDF, 278.17 MB)

Selections from this file

Showing items 1 - 20 of 30

Items per page
Date Value Title
88 Jan 4 Mo Key Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer) [decision to 'uncap' the pound from Monday] [declassified Jul 2016]
88 Jan 9 Sa Minor Monetary Policy: Paul Gray minute to Lawson PS (Bundesbank profits) [request for comment on Financial Times report] [declassified Jul 2016]
88 Jan 11 Mo Major Monetary Policy: Paul Gray minute to MT ("Market Report: 11 January") [MT: "Acquiring MORE DOLLARS?!"] [declassified Jul 2016]
88 Feb 1 Mo Key Monetary Policy: No.10 record of conversation (MT-Chancellor of the Exchequer) [Lawson proposed 0.5 per cent interest rate increase; MT agreed, subject to no intervention to check rise in sterling above 3DM] [declassified Jul 2016]
88 Feb 5 Fr Major Monetary Policy: Treasury minute ("Monthly Monetary Assessment: January 1988") [indicators have been more mixed] [declassified Jul 2016]
88 Feb 9 Tu Minor Monetary Policy: Lawson PS minute to Paul Gray ("EMCF Swap") [MT asked about apparent negative impact on the reserves, in fact there was none] [declassified Jul 2016]
88 Feb 10 We Major Monetary Policy: Lawson PS minute to Paul Gray ("Accounting for the Reserves in the UK and Germany") [Bundesbank losses on dollar holdings; complexity of comparing the two countries' positions] [declassified Jul 2016]
88 Feb 12 Fr Major Monetary Policy: Paul Gray minute to MT ("Valuation of the Reserves") [Treasury notes following MT requests after talking with Walters] [declassified Jul 2016]
88 Feb 12 Fr Major Monetary Policy: Lawson PS letter to Paul Gray ("Paper for Economic Cabinet") [economic performance, prospects - "the strongest position for many years"] [declassified Jul 2016]
88 Feb 12 Fr Major Monetary Policy: Lawson PS minute to Charles Powell ("International Financial Scene") [economic outlook for international debt] [declassified Jul 2016]
88 Feb 15 Mo Major Monetary Policy: Lawson PS minute to Butler PS ("Cabinet 18 February: Chancellor's Paper on Economic Strategy") [historically strong economic performance in 1987] [declassified Jul 2016]
88 Mar 3 Th Key Monetary Policy: Gray minute for MT ("The Markets") [heavy intervention to hold down sterling against DM; options, including uncapping the pound] [declassified Jul 2016]
88 Mar 3 Th Major Monetary Policy: Griffiths minute for MT ("Intervention and the Markets") ["I believe the time is now right to uncap the DM/£ exchange rate"] [declassified Jul 2016]
88 Mar 4 Fr Key Monetary Policy: Gray minute for MT ("Overnight Market Report") [further heavy intervention overnight to hold down sterling against DM; Lawson not wanting to uncap so near to budget; MT opts to meet with Lawson] [declassified Jul 2016]
88 Mar 4 Fr Key Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer) ["Market Management" - Lawson accepts that rate should be allowed to move above DM3 on Monday if sterling still under upwards pressure] [declassified Dec 2016]
88 Mar 10 Th Major Monetary Policy: Treasury minute ("Money Supply in February: 'First Guess' for M3 and Outturn for M0") [low outturn for M3] [declassified Jul 2016]
88 Mar 17 Th Major Monetary Policy: No.10 record of conversation (MT, Lawson) ["Interest Rates" - MT agreed Lawson proposal of 0.5 per cent cut at 0945] [declassified Jul 2016]
88 Mar 25 Fr Key Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer-Governor of the Bank of England) ["Exchange Rate Policy"] [declassified Dec 2016]
88 Mar 30 We Major Monetary Policy: Treasury minute ("Monthly Monetary Assessment: March 1988") [indicators suggest a strong economy] [declassified Jul 2016]
88 Mar 31 Th Major Monetary Policy: Paul Gray note to MT (Financial Times) [proposed article by Alan Walters; MT concerned at scope] [declassified Jul 2016]