Tuesday 3rd August 1982
T 1989 were all sold off - shows gvr [Gordon Richardson] was quite wrong in his predictions
Memo to PM on [sic: on funding in fact, see PREM19/998 f176]
Farewell lunch with Clive [Clive Whitmore] + PM. Sat next to her - she asked what Sparrow was doing on unemployment and would it be useful - I said loyally the 70% would
Talked about CBI report - I suggested it was getting up to wage round, and in any case biased by large employers in Capital intensive industry
Patrick Minford - saw PM with me for ½ hour
Agreed with interest rate policy and put case for capping benefits at 70+ + child benefit increase and raising thresholds by 25% as a package deal.