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
Red Book of the Exchequer misleading publication in the whole range of the Rolls series". The view of modern scholars is that, while Round's behaviour and language was intemperate and unnecessarily offensive, there was a degree of truth in his criticism of Hall's work. In Margaret Procter's words (paraphrasing Sellar and Yeatman), "Round had been shown to be (largely) right but repulsive and Hall as (largely) wrong but romantic". Red Book of the Exchequer The Red Book of the Exchequer ("Liber Rubeus" or "Liber ruber Scaccarii") is a 13th-century manuscript compilation of precedents and office memoranda of the English Exchequer. It contains additional entries and