And what the tripartite arrangement has done, particularly the independence of the Bank of England, has been one of the major reasons why we've had such a sustained period of stable but excellent record growth.

BBC: Jack Straw MP. photo courtesy Jeff Overs

In the absence of adequate military supplies from the West, the two non-communist factions of the resistance have been compelled to seek aid from China and to join an unpalatable tripartite arrangement known as the Coalition Government of Democratic Kampuchea (CGDK).

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This will put an end to the much-criticised "tripartite" arrangement under which the Bank, the Treasury and the Financial Services Authority all had equal responsibility for financial stability.

BBC: MPs pass Finance Services Bill at second reading