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
Margaret Thatcher mind. Upon leaving the House of Commons, Thatcher became the first former Prime Minister to set up a foundation; the British wing of the Margaret Thatcher Foundation was dissolved in 2005 due to financial difficulties. She wrote two volumes of memoirs, "The Downing Street Years" (1993) and "The Path to Power" (1995). In 1991 she and her husband Denis moved to a house in Chester Square, a residential garden square in central London's Belgravia district. Thatcher was hired by the tobacco company Philip Morris as a "geopolitical consultant" in July 1992, for $250,000 per year and an annual contribution of