Thursday 21st January 1982
NY Times Peter Purcell Ratner - very aggressive - rate of growth must be very high to mop up unemployed.
C/E [Chancellor of the Exchequer] & outsiders - all supported last budget and wanted same or declining PSBR
Monetary policy - tight + right except Griffiths
Credit worries -
7.15 for 7.45 Carlton Club (Michael Bloom)
Short note to PM pointing out that derestricting indexed gilts would stop run on sterling as election approaches.