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Bank of England makes emergency plans in case of Scottish independence
The Bank of England is making emergency plans in case a yes vote in Scotland's independence referendum threatens the stability of sterling, bank governor Mark Carney has disclosed. Carney refused to set out what the Bank's contingency planning involved, but admitted that the disputes between the Scottish and UK governments over the future of the pound "could raise financial stability issues" which were already being addressed. Banking experts and companies such as UBS has warned that a yes vote on 18 September could lead to currency flight, with billions of pounds being withdrawn from Scottish banks and investment ... (full story)
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