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Who should the people of Scotland believe: Alex Salmond or the governor of the Bank of England? Clearly, if we enter a monetary union, we cede control over exchange rate and interest rate policy.
There have been some big, really welcome announcements on jobs—2,500 jobs at Barclays Bank in Glasgow and 400 jobs at KPMG—and there are other financial institutions looking right now at how they invest in Scotland.
In a similar way to the national investment bank, which I will lead on, there will be an expectation that the Government’s policy and drive will be taken into account.
There are transfers of data that are critical for us to be able to continue to make payments: transfers of data about who we pay, to which bank account we make the payment, and what the recipient’s national insurance number is.
We have committed to providing £1 million over the next five years, and that has been matched by funding from the World Bank and the Wellcome Trust Liverpool.