Economy: Alan Walters diary (budget) [need for legislation to stop takeovers; memo to PM. British Leyland needs closure. Hoskyns and Wolfson thinking of putting pressure on MT][released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS3/1/1
Editorial comments:	Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking:	Major
Word count:	124
Themes:	Monetary policy, Privatized & state industries, Media, Transport

Monday 26th October 1981

More convinced than ever about need to stop legislation to enable Bank to stop takeovers like Hong Kong Shanghai. Memo to PM.

Lunch Julian Havilland, [name illegible - ?Walter] Terry, Hugh Elsworth Jones (ST), Simon Jenkins - excellent man. He sees many ways of privatising railways - get wages down since everyone wants to drive a train.

British Leyland - what to do. JV [John Vereker] reflecting Whitehall says govt could not tolerate a closure. We must.

DW [David Wolfson] suggested to PM that she see Changing Gear group - she said send em to Treasury!!!

JH [John Hoskyns] and DW thinking of putting pressure on PM - as suggested she increase CPRS - she said I had got a £50,000 advisor.