According to the spokesperson, Treasury commercial secretary Lord Sassoon has "looked into Lord James of Blackheath's proposal, and has decided not to pursue the matter any further".
"At no point has Lord Sassoon, or any Treasury officials, held any meetings with Lord James of Blackheath or any organisation that he mentions on this subject," the spokesperson added.
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The Treasury's statement appears to contradict Lord James' claim that he has met with Lord Sassoon to discuss Foundation X's offer, although it is not clear how he related the offer if not in some kind of meeting. The line that neither Lord Sassoon nor Treasury officials had met with the foundation itself, though, makes sense, as according to Lord James Foundation X expects to be contacted "only by someone equal to head of state status or someone with an international security rating equal to the top six people in the world".