Thursday 4th February 1982
Sterling up to 92.00 at 10.15
Willie [William Whitelaw] said “shambles” of local authy + D.Env.
Moveable feast - sit down and food is taken away
- computer spewing output - no one can understand it - cabinet laughed like drains - egged him on.
3.15 C/E [Chancellor of the Exchequer] [Sir Geoffrey Howe] + Gvr [Governor of the Bank of England, Gordon Richardson] on Monetary Policy - gvr still very anxious to get an ER target band officially endorsed. I saw it as a warning bell - but where should the band be.
V. large meeting on effects of different tax moves.
La Boheme with Robin Ibbs at Covent Gdn.
Very good