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
Exchequer Secretary to the Treasury post was taken by Conservative MP David Gauke. In May 2015, Conservative MP Damian Hinds assumed the office. From 15 June 2017 to January 2018, Andrew Jones served as the Exchequer Secretary to HM Treasury. On 9 January 2018, Robert Jenrick was appointed to the post. "HM Treasury" Responsibility for procurement policy and the former Office of Government Commerce was transferred to the Cabinet Office in 2011. Exchequer Secretary to the Treasury The Exchequer Secretary to the Treasury is a junior ministerial post in the British Treasury, ranked below the First Lord of the Treasury, the Chancellor of the Exchequer,