Banking Sector

Part of Oral Answers to Questions — Scotland – in the House of Commons at 11:30 am on 29th October 2008.

Alert me about debates like this

Photo of Jim Murphy Jim Murphy The Secretary of State for Scotland 11:30 am, 29th October 2008

I absolutely agree. The UK has invested £37 billion in Scotland's banking sector, and that is greater than the entire Scottish Government budget. The entire cost of the investment package is estimated at £100 billion, which is more than the annual budget for the whole of Scotland. I disagree, of course, with the hon. Gentleman's earlier comment. We spent many long months debating whether the UK would be better off outside the EU, but I think we all now agree that Scotland is better off in the UK.

Embed this video

Copy and paste this code on your website