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Showing a reckless disregard for the future of the nation, the Treasury has apparently decided not to pursue the lavish no-strings offer of billions of pounds made by Lord James of Blackheath’s “Foundation X”. This despite the fact that the noble Lord was keen to explain that the mysterious foundation was not, in fact, the bogus Office for International Treasury Control; he knew this, he said, because he had asked someone at Foundation X if it was them and they said no.

So we may never know who these magnanimous philanthropists were, but if, say, France suddenly announces that it has mysteriously solved all its money worries and suddenly lowers its pension age to 40 or starts aggressively enforcing the notion of infinite France, we'll know there was some truth to the noble Lord’s story after all.

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