We store cookies on your device to make sure we give you the best experience on this website. I'm fine with this - Turn cookies off
Switch to an accessible version of this website which is easier to read. (requires cookies)

Salmond loses Governor gamble on pound

January 29, 2014 1:49 PM
Originally published by Scottish Liberal Democrats

Commenting on the Bank of England governor's speech on the currencyWillie RennieWillie Rennie debate, leader of the Scottish Liberal Democrats Willie Rennie MSP said:

"Alex Salmond puffed up this meeting promising clarity and certainty from the Governor. But we now we discover it's even more complicated than we first thought.

"The First Minister gambled that the Governor would back up his claims on the pound in our pocket - but he lost.

"The UK pound and currency union with Scotland at the heart of it enables us all to pool the risks and rewards across the broad UK shoulders.

"Mr Carney is very clear on the safety net provided by the UK. Scotland is already part of a successful currency union as part of the UK. A half in, half out version of our current union would offer Scotland the worst of all worlds.

"The SNP's independence plans would see Scotland's tax policy set by an unelected central bank operated by an another country. There would be no central lender of last resort to back up our banks and a border smack bang in the middle of our successful UK single market."