Lords, eh? They know how much things are worth. Take Lord Taylor, yours for a cool hundred grand a year. Today evil overlord Mandelson himself announced a loan scheme for Britain’s – pinch of salt needed – ailing car manufacturing industries, amounting to £2.3bn of taxpayer’s money – having almost nothing to do with his recent trade trip to India and Jaguar being owned by Tata. As with so many of Mandy’s headline grabbers, the announcement of such a scheme was tempered with a salient thought provoker: Britain needs an economy with less financial engineering and more real engineering.