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 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, the Chief Secretary to the Treasury, the Paymaster General and the Financial Secretary to the Treasury, and alongside the Economic Secretary to the Treasury. It ranks at Parliamentary Secretary level and is not a Cabinet office. Unlike the other posts of Secretary to the Treasury, it is only used occasionally, normally when the post of Paymaster General is allocated to a Minister outside the Treasury. The office