Alan Arthur Walters Biography and Timeline

Birth of Alan Arthur Walters

Birth of Alan Arthur Walters, his father was a Communist and grocer who sold goods from a van

Economy of Great Britain

Takes a statistics post at the University of Birmingham and develops his free-market economic views.

Economy of Great Britain

Professor at the London School of Economics from 1967 to 1976, where he was Sir Ernest Cassel Professor of Economics

London School of Economics (LSE)

Professor at the London School of Economics from 1967 to 1976, where he was Sir Ernest Cassel Professor of Economics

Economy of Great Britain

First spell as Thatchers full-time economic adviser between 1981 and 1983, expands the frontiers of influence for public servants, and maintaines the first Thatcher Governments adherence to monetarism

Role range: 1979-1990

Economy of Great Britain

Alan Arthur Walters plays a major part in discussions that almost causes Geoffrey Howes monetary targets for sterling M3, the government's chosen measure, to be replaced by a purer variant, known as monetary base control.

Role range: 1979-1990

Economy of Great Britain

Alan Arthur Walters was the first spell as Thatchers full-time economic adviser between 1981 and 1983, expands the frontiers of influence for public servants, and maintains the first Thatcher government's adherence to monetarism.

Role range: 1979-1990

Economy of Great Britain

Through a sleight of hand, the extra revenue Walters wished to raise was secured by freezing income tax thresholds.

Role range: 1979-1990

Income Tax

Through a sleight of hand, the extra revenue Walters wished to raise was secured by freezing income tax thresholds

Role range: 1979-1990

Budget

Urges an immediate 3% reduction in cash limits. Through a sleight of hand, the extra revenue Walters wished to raise was secured by freezing income tax thresholds

Role range: 1979-1990

Economy of Great Britain

An article by Walters published in The American Economis, "Unfortunately in Britain we can witness a performance of this tragedy, currently still running, enacted by Mr Lawsons misguided shadowing of the Deutschmark during 1987 to March 1989". An article by Walters published in The American Economist describes the "tragic consequences" of the "half-baked" European Monetary System"

Role range: 1979-1989

Adviser

His second period as full-time Downing Street adviser, lasting just five months, from May to October 1989, proved so contentious that it hastened the resignation of the Chancellor, Nigel Lawson. Appointed Economic Adviser to Maragaret Thatcher

Role range: 1979-1989 – 1989-1989

Economy of Great Britain

His second period as full-time Downing Street adviser, lasting just five months, from May to October 1989, proved so contentious that it hastened the resignation of the Chancellor, Nigel Lawson

Role range: 1979-1989 – 1989-1989

Resignation of Alan Arthur Walters

Resigns as personal Adviser to Maragaret Thatcher

Role range: 1979-1989 – 1989-1989

Economy of Great Britain

Alan Walers' 2nd period as Downing Street adviser lasts just from March to October 1989

Role range: 1979-1989 – 1989-1989

Economy of Great Britain

Alan Walters' term as adviser leads to the resignation of the Chancellor, Nigel Lawson

Role range: 1979-1989 – 1989-1989

Economy of Great Britain

Quotes from an article written before Walters' return to Downing St showed him to believe the European Exchange Rate Mechanism (ERM) "half-baked" and unsustainable, Lawson demanded Walters' dismissal, and failing to force Thatcher's hand, departed

Role range: 1979-1989 – 1989-1989

Economy of Great Britain

Walters argued that Lawson's interest-rate rises were risking a UK recession, which later transpired

Role range: 1979-1989 – 1989-1989

European Exchange Rate Mechanism (ERM)

Quotes from an article written before Walters' return to Downing St showed him to believe the European Exchange Rate Mechanism (ERM) "half-baked" and unsustainable, Lawson demanded Walters' dismissal, and failing to force Thatcher's hand, departed

Role range: 1979-1989 – 1989-1989

Death of Alan Arthur Walters

Death of Alan Arthur Walters, upon hearing of his death Lady Thatcher describes him as "radical, fearless" and the "finest of friends"