Pete Wishart
Main Page: Pete Wishart (Scottish National Party - Perth and North Perthshire)Department Debates - View all Pete Wishart's debates with the HM Treasury
(11 years, 2 months ago)
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Mr Osborne
We have further difficult decisions on spending to take this year to set the spending round for 2015-16. I know that my hon. Friend has always been consistent in supporting all the difficult spending decisions, so I look forward to that consistent support in the years ahead.
Pete Wishart (Perth and North Perthshire) (SNP)
Over the weekend, the Labour and Tory Better Together no campaign was giving out leaflets to the effect that an independent Scotland would never, ever secure the triple A rating of the UK, just as the UK was losing that triple A rating. Does the Chancellor agree that his nonsensical economic scaremongering about an independent Scotland has totally failed, and that his credibility and that of the no campaign is nothing other than a treble Z?
Mr Osborne
If the SNP is to persuade the Scottish people to vote for independence, it must address fundamental economic questions that it has been unable to answer about the currency it would use and the fiscal agreement it would seek should it want to use the pound with the rest of the United Kingdom. There are also fundamental questions about the financial services industry based in Scotland. I remind the hon. Gentleman that the Royal Bank of Scotland is headquartered in Scotland. The SNP is simply unable to answer those questions at the moment, and as a result I think people doubt the case it is making for independence.