My mistake - I had an isssue with loading a Gmail account on this M1 and I used IMAP, now for some reason I can select a Google account and then the calendar appears
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PROBLEM SOLVED with the VERY LATEST Beta Channel version of Outlook 16.57 (V220.11101)
I just checked this worked
NB. I had to force a re-index of spotlight.
NB. This is the Classic NOT New Outlook