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 1 - 20 of 56

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Date Value Titlesort descending
89 Jul 17 Mo Major Monetary Policy: Alan Walters minute to Andrew Turnbull ("Intervention and Sterilisation - 1987-1988") ["I remain convinced that unsterilised intervention did contribute to monetary growth in 1987-88"] [declassified Dec 2016]
89 Jul 25 Tu Major Monetary Policy: Alan Walters minute to MT ("Prospects for Monetary Conditions: August-September") [cannot foresee any "surprise" in store; "very unlikely" 16 percent rates would be forced on government] [declassified Dec 2016]
89 Jul 17 Mo Major Monetary Policy: Alan Walters minute to Paul Gray ("Intervention and Sterilisation - 1987-1988") ["It is the persistence in pegging the exchange rate which is the proximate cause of the monetary expansion"] [declassified Dec 2016]
89 Jul 16 Su Major Monetary Policy: Andrew Turnbull minute to Alan Walters ("Intervention and Sterilisation") [agrees with Walters' main conclusion that interest rates were too low] [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 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 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]
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 7 Mo Major Monetary Policy: Carolyn Sinclair minute to MT ("Increases in the Monetary Limits on Lotteries under the Lotteries and Amusements Act 1976") [Hurd's proposed changes] [declassified Dec 2016]
89 Aug 18 Fr Major Monetary Policy: Dominic Morris minute to MT ("The Economy") [latest trade figures are "awful", second worst ever] [declassified Dec 2016]
88 Nov 7 Mo Major Monetary Policy: Douglas Hurd minute to John Wakeham ("Increases in the Monetary Limits on Lotteries under the Lotteries and Amusements Act 1976") [proposed changes and consultations] [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]
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]
88 Dec 2 Fr Major Monetary Policy: John Wakeham minute to Douglas Hurd ("Increases in Monetary Limits on Lotteries under the Lotteries and Amusements Act 1976") [ministers' views on consultations and limits] [declassified Dec 2016]
89 Jul 27 Th Major Monetary Policy: Lawson letter to Conservative MPs ("Chancellor's End-of-Term Letter") [investment boom, rise in inflation] [declassified Dec 2016]
88 Nov 25 Fr Key Monetary Policy: Lawson minute to MT ("An Independent Central Bank") [MT: "NO" - inflation not defeated] [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 Jan 17 Tu Minor Monetary Policy: Lawson PS minute to Paul Gray (total tax burden) [reasons for rise in tax burden] [declassified Dec 2016]
89 Jan 16 Mo Major Monetary Policy: Lawson PS minute to Paul Gray (Treasury weekly brief) [figures on earnings and taxation] [declassified Dec 2016]
88 Nov 11 Fr Minor Monetary Policy: Malcolm Rifkind minute to Douglas Hurd ("Increases in Monetary Limits on Lotteries under the Lotteries and Amusements Act 1976") [content for the same increases to apply in Scotland] [declassified Dec 2016]