The Monetary Policy Committee that deliberate over things like interest rates and quantitative easing obviously take their role pretty seriously. Decisions they make affect millions of Brits so we want to make sure that they know what they're doing.

And I think it's a good thing that the members don't all agree with each other all of the time – as it was revealed this week there was a split over which path to follow to preserve the fragile recovery that we're experiencing in the UK.

Though I'm sure the niggles they have with one another are hammered out in gentlemanly fashion and the compromises are acceptable to all.

You might be wrong, but hey, you're wrong. Move on. It could be worse, in fact it could be a lot worse. They could be living in North Korea.

In that particular crackpot republic they've just executed one of their top financial officials over a botched currency reform.

They redenominated their currency to try and lower inflation and regain control over the country's burgeoning market economy but it actually worsened the already critical food situation and made the masses furious that the banknotes they'd been hiding at home were now worthless.

The blunder apparently created ill-feeling among the masses and affected fruitcake leader Kim Jong Il's plan to hand power to his youngest son.

So when looking for a scapegoat, all eyes turned to finance and planning chief Pak Nam Gi and he was singled out for elimination. When they say that heads will roll in Pyongyang, they mean it.

After all, they've got form for this sort of retribution already, having decided to execute their former head of agriculture back in the 90s after the poor folk of Noth Korea suffered widespread starvation.

I have to say, I think I prefer our system.