Wednesday 8th April 1981
[written on wrong page - AAW crossed through 1 April & substituted 8 April]
Lunch - Terry Burns - soon a MLR [Minimum lending rate] cut - I agree - the economy is growing right.
[Different pen used from this point]Energy Cttee Egy - Derv reduction OK, but rest are deferred.
PM very good - talked about SRMC [Short Run Marginal Cost] pricing!
Wages councils - Jim [Jim Prior] slowly slowly - a very silly paper, but supported by KJ [Keith Joseph] !
Chancellor very good - wants to send em packing.
Rail - postponed, a strike likely?
Saw Anton [sic] Kaletsky at Reform - told him that he misrepresented me in his article.