Friday 31st July 1981
E Nat Industry bids for £2.5 Bn.
Leon Brittan suggested £750m to be done on an individual basis, not across board. JP [Jim Prior] confused by the figures. JP arrant nonsense about crowding out. Leon answered him
Monetary Seminar - agreement - PM concerned with trivia (how to say MLR [Minimum Lending Rate] is no more) and very confused about interest rate bands and money supply bands.