Archive

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

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

Document type: File list item
Source: TNA, PREM19 series
Release date: 2016 Dec 30
Classification: Secret
Page count: 319
Any docs withheld?

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

Selections from this file

Showing items 21 - 40 of 56

Per page:
Date Valuesort descending Title
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]
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 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 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 Feb 27 Mo Major Monetary Policy: Paul Gray minute to MT ("Position in the Markets") ["a rather rocky day"; Eddie George's views, given in confidence] [declassified Dec 2016]
88 Dec 13 Tu Major Monetary Policy: Paul Gray minute to MT ("HM Treasury's Monthly Monetary Assessment") [contradictory evidence on consumer spending; housing market has slowed down, but not M0 on annual basis] [declassified Dec 2016]
88 Nov 30 We Major Monetary Policy: Paul Gray minute to MT ("Meeting with Sir Alan Walters") [quite content with policy stance, article criticising sterilised intervention; Gordon Brown comments] [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 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 30 Tu Major Monetary Policy: Paul Gray minute to MT ("Today's Markets") [strength of dollar and DM] [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 28 We Major Monetary Policy: Andrew Turnbull minute to Paul Gray (meeting with Chancellor and Treasury on reducing inflation) [Middleton wants prescriptions for future policy not just the past; six possible topics on the history side] [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 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 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]
88 Dec 8 Th Major Monetary Policy: Brian Griffiths minute to MT ("The Economy: Confusing Signals") [must reduce inflation to 3 per cent or less by 1990, take medicine now rather than delay; resist Lawson or Bank worries and let sterling rise to 3.35DM "before being worried about overkill"] [declassified Dec 2016]
88 Nov 11 Fr Major Monetary Policy: Nigel Wicks record of conversation (Wicks, Alan Walters) [Walters's contract; economic conditions; CGT; US economic policy] [declassified Dec 2016]
88 Nov 11 Fr Major Monetary Policy: Inland Revenue minute ("Determination of Composite Rate for 1989/90") [proposed 1.5 per cent cut in tax on savings interest] [declassified Dec 2016]