Just to expand on this, Ridley met in secret with his opposite number from Argentina, in Switzerland, under the story he was going on holiday:"According to Thatcher’s biographer David Cannadine, in the 1970s the British government’s preferred solution was a diplomatic one. Lord Carrington, foreign secretary between 1979 and 1982, favoured a ‘leaseback scheme’. The idea was to cede sovereignty to Argentina, in return for which the British government would continue to administer the islands on behalf of the settlers. In 1980 Carrington sent junior foreign minister Nicholas Ridley to present the proposal to the Falkland islanders. However, they rejected the plans. According to Cannadine, a number of the government’s backbenchers also opposed the policy, and the “leaseback scheme was quietly dropped”. When Argentina invaded the Falkland Islands in 1982, Prime Minister Margaret Thatcher told the House of Commons that the Falkland Islands and their dependencies “remain[ed] British territory” and that “no aggression and no invasion can alter that simple fact”."
"Ridley held a secret, informal meeting with his Argentine opposite number Carlos Cavandoli in September 1980, and the two sides broadly agreed to a "leaseback" arrangement whereby nominal sovereignty would be given to Argentina but British administration would be maintained for a fixed number of years, likely 99, until the final handover, as well as co-operating on the Islands' economic development and exploitation of fish and potential oil resources. The meeting took place at a village hotel ten miles outside Geneva, Switzerland, under the pretext of a holiday for Ridley and his wife, so as to avoid Parliamentary and media accusations of a sell-out.<a href="https://en.wikipedia.org/wiki/Nicholas_Ridley,_Baron_Ridley_of_Liddesdale#cite_note-8"><span>[</span>8<span>]</span></a> Ridley returned to the Islands in November to try to persuade the Islanders to accept the proposal but they were unconvinced, and as he left islanders shouted abuse at him while playing a recording of "Rule, Britannia!""
https://en.wikipedia.org/wiki/Nicholas_Ridley,_Baron_Ridley_of_Liddesdale
