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Department: Scotland Office

Philip Hollobone

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Philip Hollobone Excerpts

Smoke Alarms (Private Rented Sector)
Wednesday 7th May 2014

(10 years, 2 months ago)

Commons Chamber
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Alistair Carmichael Portrait Mr Carmichael
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The Bank of England will continue to take its instructions from the UK Treasury. It is a UK institution and that would not change.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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If Scotland separated from the United Kingdom, how would the UK’s foreign exchange reserves be reallocated?

Alistair Carmichael Portrait Mr Carmichael
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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.

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