Margaret Thatcher were officially denied by William Heseltine, the Private Secretary to the Sovereign. Thatcher later wrote: "I always found the Queen's attitude towards the work of the Government absolutely correct ... stories of clashes between 'two powerful women' were just too good not to make up." Thatcher's economic policy was influenced by monetarist thinking and economists such as Milton Friedman and Alan Walters. Together with Chancellor of the Exchequer Geoffrey Howe, she lowered direct taxes on income and increased indirect taxes. She increased interest rates to slow the growth of the money supply and thereby lower inflation, introduced cash limits on
Premiership of Margaret Thatcher Year, and lesbian mothers seeking custody of their children; the Save the GLC campaign itself was estimated to have cost ratepayers £10 million, climaxing in a final defiant week of festivities that cost ratepayers £500,000. During the 1980s there was a great improvement in the United Kingdom's productivity growth relative to other advanced capitalist countries. Nigel Lawson, Chancellor of the Exchequer, identified inflation as "the judge and jury of a government's record", but while the country also improved its OECD inflation ranking from fifteenth in 1979 to tenth in the Lawson Boom year of 1987, when inflation had fallen to