Scotland Bill

Debate between Stewart Hosie and Rory Stewart

Thursday 26th April 2012 Commons Chamber

[Rory Stewart (Penrith and The Border) (Con)]

It seems a little dry to focus on Lords amendment 18 with reference to clause 37, but it is a central issue. It is not a dry issue at all. As my hon. Friends the Members for Carlisle (John Stevenson) and for Milton Keynes South (Iain Stewart) pointed out, this is central to two issues that define the Union. The first is the issue of borrowing and finance, and the second is that of what my hon. Friend the Member for Carlisle called the issue of transparency. These two principles of borrowing and transparency—borrowing defined in clause 37 and transparency in Lords amendment 18—show why the Union matters. Transparency matters because an enormous amount of the pressure for separation from Scots, and from some English people, comes from suspicion—suspicion about money. Borrowing matters because borrowing shows why the Union can operate well.

The shadow Minister, the hon. Member for Glasgow North East (Mr Bain), pointed out three things which the clause delivers. It delivers, first, decentralisation. An important part of decentralisation is fiscal responsibility. It delivers, secondly, a lever for growth, but the third and most important thing that it delivers is macroeconomic stability within the context of the United Kingdom. This is central because the biggest argument for the Union, the thing that underlies the dry language of the Bill, is why being part of a bigger country matters—why, to put it in the most brutal terms, we do not want to be Denmark.

Why is it that our ancestors got on their Viking boats, left Denmark and came here? The answer is, of course, that there are benefits in size. There are benefits to having an economy 12 times the size of Denmark’s. There are benefits to having a population 12 times the size of Denmark’s, with the corresponding borrowing and fiscal responsibility. That perfect balance enshrined in clause 37 and revealed in amendment 18 is the balance that comes from the benefits of autonomy combined with the benefits of size.

[Stewart Hosie]

I am desperately looking forward to the hon. Gentleman explaining when a Viking decided to leave Denmark to come and be part of the British state. I like the hon. Gentleman, but I think his history is rather askew.