• 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.

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