Tuesday, 19 August 2014

Scottish independence: John Swinney clarifies Bank of England discussions, BBC News


John Swinney 




























Scottish Finance Secretary John Swinney has clarified comments he made regarding discussions with the Bank of England over a currency union.

Last Wednesday Mr Swinney said the Scottish government had held "technical discussions" with the bank.

The Bank of England denied holding talks about future monetary arrangement proposals.

Mr Swinney has since said it was "not my intention" to give the impression the bank had done so.

He faced calls in the Scottish Parliament on Tuesday to explain his initial claim that "the Scottish government has had technical discussions with the Bank of England regarding our proposal for a currency union."

Mr Swinney said: "Following agreement in March 2012 from Mervyn King and as set out to the Scottish Parliament, a number of technical and factual discussions have taken place with the Bank of England.

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