Thursday 29th October 1981
Great secrecy pledged on E s TU discussion - but all out in the Press. Times said leak was through IOD - but probably mischief making.
Lunch in Lords with Danniel [name doubtful] YQUEM Agence France.
E Committee on Bank Takeovers - not reached - TU law reform - Hailsham and Prior argued that now persons can be sued and union pays fine - but martyrs and v. different if union is in the dock is sticking point. Hailsham, Prior, Walker do not want to move at all - unless they can be sure that no govt (Labour) will not overturn it - permanent etc.
Tebbitt [sic] v. good and fair - Law would do good if it prised loose the workers from the unions. Shy of the union only contract because of diff of enforcing at 1319 sites.
We need to start new steps on monetary control.
- Write memo to PM saying we should go towards M1 or M0 control for interest rates.
Middle Temple Dinner with Roskill