Thursday 26th February 1981
Terry Burns wanted me to agree to -2 MLR [Minimum lending rate] change. I reiterated that the no Rooker Wise was bad - both economically and morally it was indefensible.
MT very annoyed at DW [David Wolfson] note saying that with this sort of budget in a firm the directors would be fired - didn’t finish it, tore it up.
Dinner with Ambrose Congreve and French Duchesse de Magenta, John and Rosemary Partridge etc.) [sic]