Lords quiz RBS chief on Scottish independence

09 November 2012


The House of Lords Economic Affairs Committee will quiz the Chairman and Head of Group Economics at the Royal Bank of Scotland on Tuesday 13 November, as part of their inquiry into the impact on the UK economy of Scottish independence.

Sir Philip Hampton, Chairman and Stephen Boyle, Head of Group Economics at RBS will face questions from the Committee including:

  • whether it would be feasible for Scotland to use sterling as their currency without the agreement of the UK Government;
  • how financial regulation could still be conducted by the Prudential Regulation Authority (PRA), which is a single, pan-UK body;
  • if an independent Scotland would want to introduce a different corporation tax to the rest of the UK and how this would impact on financial firms who are based in both countries; and
  • whether Scottish people and businesses in particular have enough information on the economic implications of independence to make an informed choice in a 2014 referendum.

The evidence session will take place at 3.35pm on Tuesday 13 November in Committee Room 1 of the House of Lords and will be webcast live at www.parliamentlive.tv.

The evidence session is also open to the public. Journalists wishing to attend should go to Parliament’s Cromwell Green Entrance and should allow time for security screening.

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