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SNP plans for financial regulation completely bankrupt

June 12, 2012 5:35 PM
Originally published by Scottish Liberal Democrats

Commenting after a day when SNP plans to keep the pound in an independent Scotland fell apart under scrutiny, leader of the Scottish Liberal Democrats Willie Rennie said:

"The SNP's claims about financial regulation in an independent Scotland are now entirely bankrupt.

"Various experts in the field, from the former Chairman of the FSA to the Scottish Financial Enterprise, have lined up around the corner to slate the SNP spurious plans to keep the pound.

"John Swinney's assumption that Scotland could have one central bank listening to two competing treasuries from two separate countries is economically illiterate.

"It is not surprising that the UK Treasury has said it remains unclear what the SNP are proposing for a post-separation settlement because even the SNP change their story from one minute to the next.

"The SNP have to get their act together and give the Scottish people answers to the questions everyone is asking."