what the Prime Minister really means is that the Bank of England would not act as a guarantor for Scottish banks or the Scottish government. Lucky Scotland: the implied promise of a bailout from the European Central Bank is exactly what allowed Eurozone banks and governments to borrow cheaply and get themselves into a debt crisis.
So sounds like possibly not (although it was mentioned earlier that if xx% of the debt is in England than that is the responsibility of the BoE?).
Also seems a rather big IF to assume that everything will carry on stably south of the border.
So sounds like possibly not (although it was mentioned earlier that if xx% of the debt is in England than that is the responsibility of the BoE?).
Also seems a rather big IF to assume that everything will carry on stably south of the border.