Swinney must come clean with the Scottish public on the roll of the bank of England: Purvis (Paisley Liberal Democrats)

Paisley Liberal Democrats <smcdonald21@ntlworld.com>

Swinney must come clean with the Scottish public on the roll of the bank of England: Purvis

August 2, 2010 5:21 PM
Originally published by Scottish Liberal Democrats

Commenting on the news that the Finance Secretary John Swinney wants Scotland to have full economic powers, Liberal Democrat finance spokesperson Jeremy Purvis MSP said:

"Mr Swinney needs to be extremely careful not to mislead the Scottish public when saying that the Scottish Government should have all economic levers.

"The SNP Government has categorically stated that the setting of interest rates should remain the power of the Bank of England.

"This means that the SNP Government believes that all business borrowing, all public sector borrowing and every mortgage for every household will still have interest rates set by the Bank of England.

"One of the responses from the Independent Review panel should not be gross hypocrisy and John Swinney must come clean with the people of Scotland on the roll of the Bank of England."