Philip Hollobone
Main Page: Philip Hollobone (Conservative - Kettering)Department Debates - View all Philip Hollobone's debates with the Scotland Office
Wednesday 7th May 2014
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(10 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Carmichael
The Bank of England will continue to take its instructions from the UK Treasury. It is a UK institution and that would not change.
Mr Philip Hollobone (Kettering) (Con)
If Scotland separated from the United Kingdom, how would the UK’s foreign exchange reserves be reallocated?
Mr Carmichael
That would be a matter to be determined in the event of Scotland voting to leave the United Kingdom. I very much hope that will not come to pass.