Economy: Alan Walters diary (budget) [failing to face reality, no strategic thinking - “we have to persuade MT all the disasters were avoidable”] [released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments:	Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking:	Major
Word count:	86
Themes:	Monetary policy

Wednesday 4th March 1981

Hugh Thomas, DW [David Wolfson], JH [John Hoskyns] CPS meeting with Terry [Terence Burns], AS [Alfred Sherman]

What is wrong - failing to face reality - no strategic thinking. We have to persuade MT of all the disasters were avoidable [sic] - panic last minute measures in budget - Could not be discussed but Fleet Street is getting word of what is up.

Niehans rejected my advice to leave out MLR [Minimum lending rate] reform - doesn t really matter.

Theatre Educating Rita