Re: Pound Sterling
The ones making the laws mostly didn't study law, they all studied PPE (no, not that PPE, the other one) at Oxford, or even worse, Classics.
The notable exception, of course, being the current Leader of Her Majesty's Opposition, who not only studied law, went on to practise it, became a top barrister (QC) and then the Attorney General (head lawyer of the CPS), and got knighted for his service to the Crown as a result. Perhaps people should pay more attention to him, rather than the sack of blubber opposite him...