Yes, an independent body will be set up by Royal Charter (does this mean that it will be simply full of Etonians and Toffs) although Milliband seems to think it will be underpinned by legislation, whilst Cameron says not…….and Clegg will just do as he’s bloody well told.

Still it goes to show the shambolic nature of current British Politics before Osborne gets out his abacus and crayons for the budget on Wednesday.

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