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SNP currency policy in disarray as First Minister downgrades currency demands

May 18, 2014 5:59 PM
Originally published by Scottish Liberal Democrats

Responding to Alex Salmond's declaration on Sky News that he would2012 Willie Rennie: Willie Rennie2012 Willie Rennie: Willie Rennie only seek observer status on the Monetary Policy Committee of the Bank of England, adding even more confusion to the SNP's policy, Scottish Liberal Democrat leader Willie Rennie said:

"In a desperate attempt to save his policy on a shared currency the First Minister is watering down his demands for Scottish representation on the Bank of England. His party used to argue for a Scottish voice on the MPC, now he just wants someone to watch. There is no consistency in their position and the White Paper makes no reference to Observer status.

"In response to the clear rejection by politicians and experts the First Minister is now prepared to accept poorer terms to persuade them to have a change of heart. The best terms for a currency union are the ones we have now with the UK.

"The SNP's shambolic policy on a currency is even more shambolic today."