Lords Committee takes evidence from Michael Moore MP and Sir John Gieve

18 December 2012

The House of Lords Economic Affairs Committee will take evidence from Michael Moore MP, Secretary of State for Scotland and Sir John Gieve, former Deputy Governor for Financial Stability at the Bank of England in the last evidence session of their inquiry into the economic implications for the United Kingdom of Scottish independence.


Tuesday 18 December, Committee Room 1, Palace of Westminster

At 3.35pm

  • Rt Hon Michael Moore MP, Secretary of State for Scotland

At 4.30pm

  • Sir John Gieve, former Deputy Governor of the Bank of England

The Committee will take evidence first from Michael Moore MP and ask him what steps the Government plans to take to ensure voters in an independence referendum have adequate understanding of the potential economic impact of independence, for the government’s position on John Swinney’s assertion that following independence the Bank of England will continue as the central bank for both Scotland and the rest of the UK and what conversations have taken place between the UK government and the European Commission on the position of an independent Scotland as regards EU membership.

They will also ask if there might be further devolution of economic powers to the Scottish Parliament after a ‘no’ vote in the referendum.

The Committee will then hear from Sir John Gieve to ask what his views are on the SNP’s position that an independent Scotland would continue to use Sterling and whether the Bank of England could continue to serve as a lender of last resort to financial institutions in an independent Scotland.

Further information

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