Archive

Large scale document archive

1988 Nov 4 - 1989 Aug 21
Prime Ministerial Private Office files

PREM19/2630
Economic Policy (Domestic monetary policy) (Part 20)

Source: TNA, PREM19 series
Release date: 2016 Dec 30
Classification: Secret
Page count: 319
Themes: Economic policy - theory and process, Monetary policy, Taxation

PREM19/2630 - download whole file (PDF, 25.27 MB)

Selections from this file

Showing items 21 - 40 of 56

Date Value Title
89 Mar 15 We Minor Monetary Policy: Paul Gray note to MT (meeting with Walters) [briefing; meeting cancelled] [declassified Dec 2016]
89 Mar 21 Tu Minor Monetary Policy: Treasury minute for Chancellor ("Provisional Money Figures - February 1989") [little significance should be read into declining NIBM1] [declassified Dec 2016]
89 Mar 31 Fr Major Monetary Policy: Paul Gray minute to MT ("The Markets and the Latest Economic Figures") [sterling better than feared in light of Wednesday's trade figures; markets waiting for G7 meeting; upcoming economic statistics] [declassified Dec 2016]
89 Apr 20 Th Major Monetary Policy: Paul Gray minute to MT ("Market Report") [markets were in "a slightly rocky mood this afternoon"] [declassified Dec 2016]
89 Apr 20 Th Major Monetary Policy: Paul Gray minute to MT ("Tomorrow's Economic Figures") [consumer spending figures suggest "some degree of slow down"] [declassified Dec 2016]
89 May 12 Fr Major Monetary Policy: Foreign Secretary PS to Lawson PS ("Guinness Mahon") [Japanese bid for the merchant bank cleared by Chancellor] [declassified Dec 2016]
89 May 15 Mo Major Monetary Policy: Paul Gray minute to MT ("Evening Report") [strength of sterling in light of the budget] [declassified Dec 2016]
89 May 19 Fr Major Monetary Policy: No.10 record of conversation (MT-Turnbull) [MT had no intention of criticising Lawson directly; line agreed for the press] [declassified Dec 2016]
89 May 20 Sa Major Monetary Policy: No.10 record of phone conversation (MT-Chancellor of the Exchequer) [Lawson calls re: press reports of MT's comments on pick-up in inflation and shadowing the DM; press handling] [declassified Dec 2016]
89 May 22 Mo Major Monetary Policy: Andrew Turnbull minute to MT ("Why Do We Have 8 Per Cent Inflation?") [Alan Budd's analysis, very similar to Burns's; problems date back to 1985-86; errors not of the Chancellor alone but of Government as a whole] [declassified Dec 2016]
89 May 23 Tu Major Monetary Policy: Paul Gray minute to MT ("Latest RPI Forecast") [another upward revision] [declassified Dec 2016]
89 May 24 We Major Monetary Policy: Paul Gray note to MT ("Chancellor's Radio Interviews") [Lawson: sterling under pressure, notably from strong dollar, forcing interest rate increase] [declassified Dec 2016]
89 May 24 We Major Monetary Policy: No.10 record of conversation (MT-Lawson) [agreed 1 per cent increase in interest rates at 0945] [declassified Dec 2016]
89 May 30 Tu Major Monetary Policy: Paul Gray minute to MT ("Today's Markets") [strength of dollar and DM] [declassified Dec 2016]
89 May 31 We Major Monetary Policy: Andrew Turnbull minute to MT ("Markets") ["Sterling remains vulnerable and sentiment is poor"; if Bundesbank raise rates tomorrow, sterling will come under "strong pressure"] [declassified Dec 2016]
89 Jun 5 Mo Major Monetary Policy: Paul Gray minute to Alan Walters ("Funding Policy/Inflation") [reports of a change in policy; work on failure to reduce further rate of inflation] [declassified Dec 2016]
89 Jun 12 Mo Major Monetary Policy: Lawson PS minute to Paul Gray ("The Recent Rise in Inflation" - "Points for Prime Minister's Questions") [inflation at an unacceptable level; monetary policy has been too loose at times, as in the period after Black Monday] [declassified Dec 2016]
89 Jun 12 Mo Major Monetary Policy: Paul Gray minute to MT ("Chancellor's 'On the Record' Interview and Appearance Before the TCSC") [ERM membership the focus at TCSC] [declassified Dec 2016]
89 Jun 12 Mo Major Monetary Policy: Paul Gray minute to MT ("Treasury Paper on the Causes of the Present Inflation") [paper now delivered, too late to be used at PMQs; best wait till discussed with Lawson] [declassified Dec 2016]
89 Jun 20 Tu Major Monetary Policy: Paul Gray minute to MT ("Today's Market Report") [Bank intervened to hold sterling down, without reference to Treasury] [declassified Dec 2016]