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.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
£65000 - £80000 per annum: Recruitment Genius: Finance Director required to jo...
£15000 - £25000 per annum: Recruitment Genius: This is a unique opportunity fo...
£50000 per annum + 26 days holiday,pension: Ashdown Group: A highly successful...
£27000 per annum + pension + holidays: The Jenrick Group: A Quality Technician...