Monday 21st June 1982
PM agreed to my wording on YTS application to Public Sector jobs - restricted to Commercial + Industrial establishments
US interest rates and $ going through roof
Lunch at Warburg Smithers Eric Roll + Tim Smithers wanted (a) MBC and (b) Conversion
- debated also Gvrship [Bank of England] - no one on the horizon + Roll agreed that changes had to be made at the top
Fforde, George + Middleton on interest rates
- cannot go down with our rates while US Euro dollar rates are 16½% Treasury Bull 12½% or so
Dinner at Harold Levers Eé Lauder and Mrs Watt, Frank Giles, Rothschild, etc.