GO IT ALONE AND WE CAN EXPECT THE MOST VOLATILE ECONOMY IN EUROPE [Scot Region]

In 2009 the Bank of England was able to pump [pounds]800billion, or [pounds]160,000 per head of Scottish population, into rescuing the Royal Bank of Scotland and HBOS. The Scottish economy is simply not big enough to support a large banking and financial services industry.

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Bibliographic Details
Published inDaily mail (London, England)
Main Author Stewart, Ewen
Format Newspaper Article
LanguageEnglish
Published London (UK) Solo Syndication, a division of Associated Newspapers Ltd 18.09.2014
Subjects
Banks
Monetary policy
Prosperity
United Kingdom > UK
Scotland
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Summary:In 2009 the Bank of England was able to pump [pounds]800billion, or [pounds]160,000 per head of Scottish population, into rescuing the Royal Bank of Scotland and HBOS. The Scottish economy is simply not big enough to support a large banking and financial services industry.
ISSN:0307-7578