Since George Osborne has set up the FPC with independent authority to minimise the risks in the financial system, he would not find it easy to over-rule or ignore it on the first occasion it makes a big decision.
Members should also adopt a common General Anti-Abuse Rule, whereby they can ignore artificial tax avoidance schemes and tax the underlying sum of money, the Commission said.
Members of honor cultures meet outsiders with a suspicion so finely tuned that violent retaliation follows slights that rule-of-law cultures can safely ignore.