Tuesday 7th April 1981
[written on wrong page - AAW crossed through 31 March & substituted 7 April]
10.00 PM Armstrong etc. on Energy Pricing. PM shouts at me when I protest at subsidising big oil users. She thinks that she will solve unemployment by such devices. We disagree! But seems to be moving in right direction. 5d off DERV
coking (foundry) - 15% and SRMC [Short Run Marginal Cost] pricing on electricity.
16.45 Railway Electrification etc - thoroughly confusing.
Very good reply to 364 by Patrick Minford TIMES