First things first: the central bank does not guarantee debt. It sets the base rate, but the gilts are issued by the UK Government. It would be UK debt, which is precisely why we need an agreed fiscal framework within which we operate. I would have thought that that is just common sense.
Scotland Bill
Proceeding contribution from
Stewart Hosie
(Scottish National Party)
in the House of Commons on Monday, 15 June 2015.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Scotland Bill.
About this proceeding contribution
Reference
597 c63Session
2015-16Chamber / Committee
House of Commons chamberSubjects
Librarians' tools
Timestamp
2015-06-16 13:45:42 +0100
URI
http://hansard.intranet.data.parliament.uk/Commons/2015-06-15/15061516000500
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2015-06-15/15061516000500
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2015-06-15/15061516000500