Thatcher's economic guru dies
Sir Alan Walters, whose role as Margaret Thatcher's personal economic adviser provoked turmoil in her government, has died at the age of 82.
His influence over the prime minister led to Nigel Lawson's resignation as chancellor and sowed the seeds of her resignation from Downing Street.
Sir Alan, who suffered from Parkinson's disease, died at home after a sudden deterioration in his health.
Baroness Thatcher said: "Alan Walters was the best economic adviser any prime minister ever had. He was a great public servant, and to me personally he was the finest of friends."
Sir Alan, who obtained his economics degree by correspondence course, argued from the early 1960s that strict monetary targets were the key to handling the economy.
He initially served as Lady Thatcher's chief economic adviser between 1981 and 1984. Sir Alan continued advising her from the US and returned in 1989 to resume his old role. Five months after his return, Lord Lawson walked out of the Cabinet amid taunts that there were two chancellors.
His departure plunged the Tory Thatcher government into a crisis from which it never properly recovered. Lady Thatcher was ousted from office just 13 months later.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Game of Thrones season 5 trailer: The first full-length look is here
Mia Khalifa: Pornhub star claims Drake sent her 'cringeworthy' naked photos on Instagram
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
Excellent Package: Austen Lloyd: CITY - HIGHEST QUALITY INTERNATIONAL FIRM - A...
Excellent Package: Austen Lloyd: CITY - EXCELLENT FIRM - We have an outstandin...
Excellent Package: Austen Lloyd: IN-HOUSE - NATIONAL CHARITY - An exciting and...
Excellent Salary: Austen Lloyd: EXETER - A great new opportunity with real pot...