Thursday 24th June 1982
PM spent long time getting back from Heathrow - Tube strike
Note to PM on Public Exp and Defence
- need for new methods, and should not enter any more open ended commitments
Cabinet - WW [William Whitelaw] gave account of Operation Puffer for dealing with rail strike
Saw Sparrow waiting for E - he wanted to know about Gas Gath [Gathering] Pipeline - thought it had been rejected
Norry Adelman - Britain join OPEC and reduce output? - Never
Frank Hahn - “Inflation does not matter”
- but agreed that variation mattered and that variance was positively correlated with rate of inflation
- Unemployment “caused by Thatcher”
- I argued that not true Ireland, France, Germany