Wednesday 12th May 1982
Heard no word from Clive [Clive Whitmore] about my Falklands paper - probably decided to kill it.
Peter Middleton - we talked about getting interest rates down whatever the Falkland outcome.
Need to do something about law on NLF [National Loans Fund] since we are near the borrowing limit.
- my view is that we should demote £M3 even more, the only constraint is political face saving.
Bob Bee - saw Thornton of GT - he said that GT had followed my predictions and had done very well indeed - believes that it will go on and stock market will double + interest rates fall
PTB [Peter Bauer] - still v. interested in his Peerage
Dinner at US embassy. David Rockfeller (a fool) and Lindsey (a poseur) [presumably John Lindsay, former Mayor of New York City]