In a letter responding to the Liberal Democrats in Scotland Mervyn King says if [an independent] Scotland kept the pound, the bank's monetary policy committee may set rates with no input from north of the order. The Liberal Democrats initiated the correspondence.Like, at present, the Bank's MPC gives two hoots about any developments whatsoever outside London.
An occasional glimpse into the workings of the Scottish Parliament and the Scottish Executive (or comments on anything else that takes my fancy).
22 December 2009
Fantasy economics
Nobody loves them but they are simply unaware. The Scotsman reports:
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