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Report (3rd Day)

Part of Infrastructure Bill [HL] – in the House of Lords at 9:00 pm on 10th November 2014.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 9:00 pm, 10th November 2014

Given what my noble friend has said, what answer would my right honourable friend the Chancellor give if Alex Salmond suggested that we should set up a sovereign wealth fund now using the proceeds from North Sea oil so that Scotland would benefit from it? Where does this hypothecation end?