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Mr Kelly will—or should—know that banks incur debts and liabilities in the countries in which they operate, and those banks did not carry out all their operations in Scotland.Who cut Scotland’s capital budget allocation by 26 per cent?
Industry sources have told me that it can be done earlier than the projected revised target date of 2035, and, with a capital budget of around £5 billion a year, there is no shortage of money to do it in that time.
We have tried repeatedly to obtain a date to meet the group. I have now—on the record—committed three times to doing so, but the group has not yet replied.
With that in mind, the committee will have a quick discussion at the end of the meeting and then reflect on the evidence at a later date. I thank both witnesses very much for their time. 11:23 Meeting suspended. 11:26 On resuming—
In some ways, I was surprised that the bank allowed Susan Rice to be involved in the Council of Economic Advisers, but she said that the bank is quite positive about that as long as proper safeguards are in place.
Given that the election is coming up in May, or at some later date, in my view, it would be an excellent manifesto commitment for all political parties to look at the issue.
We need only consider the matter of categorisation today; we will return to matters of substance at a later date. The categorisation of all three instruments is that they are of low significance.