Wednesday 6th January 1982
Quiet day
Wrote Note on Heath and the M1 myth.
PM agreed my Bauer Review and said excellent - certainly did not want to censor it. [Peter Bauer]
JH [John Hoskyns] tells me he has suggested to Keith [Keith Joseph] that I be governor of B/E [Bank of England].
Lunch at IEA. Nigel Vinson very keen on getting interest rates down - even at risk of inflation - well perhaps not - but I can see his point, even if his analysis is faulty.
Call from Peter Newman [head of Economics Department at Johns Hopkins] - wanted to know when I would return - said October but would confirm in a months [sic] time.
Sent PM a note saying I intended to leave during period Oct-Dec 1982.
Dinner with Ian of Vestey’s (only non family member) - good Free Trade Thatcherite.