Mr Wheatley said the FCA wanted to "understand the market properly" and establish whether short-term offers benefited the few to the detriment to the many before it made any decisions.

Daily Telegraph: To put it more literally, though you dont sing like Iggy Pop, and none of your guitarists have sounded like The Ramones, so where is the influence?

The question which it poses however is, if?a Daily Telegraph journalist (however distinguished) could set out these matters, would it not have been wise of the Prime Minister to have commissioned some work on?his bright idea of changing the law on the succession to the Throne?and had some proper discussions between colleagues around the table before rushing into another heffalump trap?

After being told he was the first non-Cambridge gradute to take the role since Oliver, he added: "Of course there have been times in my life where Ive regretted being a painter and decorator and playing in bands for four years when I couldve been at university. But Im sitting here, its worked out.

Michael, Nicole, Jennifer, Daniel, Jessica, Ashley