Charlie Bean begins by briefly discussing the possibility of Scottish independence. “Whether or not Scotland becomes an independent country once again is a matter for the Scottish people to decide” he says. He adds that, were Scotland to become an independent country, “ ... the associated monetary arrangements would then be one of many matters needing to be settled. But the exact form of those arrangements would be for the Westminster and Scottish parliaments to decide, not the Bank of England. Until asked to do otherwise, the Bank will continue to use the powers delegated to us by the UK Parliament to try to deliver, to the best of our ability, monetary and financial stability for the United Kingdom as it stands...”
Published on
21 February 2012
Press release