Wednesday - When business secretary Vince Cable went to Lotus last November to announce that the company was to get a £10.44 million grant from the Regional Growth Fund because it was creating new jobs and progressing its technology, quite a few of us reckoned he’d taken leave of his senses.

Lotus had been mute and apparently inactive for so long that it looked like a dead duck and the grant a waste of taxpayers’ money.

Now it’s clear that the politicians knew a thing or two the rest of us didn’t. Lotus boss Aslam Farikullah’s quiet revelation this week — that the company has been in recovery for more than a year, with rising car sales and demand for its engineering services — suddenly makes the grant look appropriate and well timed.