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Spredder. The strange case of Lord James and 'Foundation X' It's quite the most extraordinary speech I think I've ever come across.

The strange case of Lord James and 'Foundation X'

It was given by Lord James of Blackheath, a respected industrialist and a former senior adviser to the Conservative party. James was speaking in the Lords debate on the spending review. You might expect him to touch on the issue of government waste, which he is known for politically. Not a bit of it.

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