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Proceeding contribution from David Heath (Liberal Democrat) in the House of Commons on Friday, 6 March 2009. It occurred during Debate on bill on Scottish Banknotes (Acceptability in United Kingdom) Bill.


Scottish Banknotes (Acceptability in United Kingdom) Bill

I am grateful for that intervention, and that is a reasonable excuse. I say that because none of my Scottish colleagues is here for a similar reason—it is the Liberal Democrats spring conference in Harrogate this weekend. The hon. Gentleman gives a perfectly fair response to what I had to say. I hope that I have always been a very strong advocate of the cultural differences that exist within this United Kingdom—I cherish those cultural and historical differences. I have always been at pains to point out the differences in the Scottish jurisdiction, particularly when I have been plying my trade in home affairs and justice over recent years and ensuring that the Government were aware that what applies in the English jurisdiction may not apply in the same way as, and may be completely different from, what applies in the Scottish jurisdiction or, indeed, in the Northern Irish jurisdiction. I am certainly not the sort of London-centred, English imperialist who suggests that everything should be the same; I do not believe that it should. The existence of Scottish banknotes and the Scottish issuing banks is a historical anomaly in the context of a single United Kingdom, but it is an interesting one that we should not deprecate. It is a fact and it is very unusual. I intervened on the hon. Gentleman to ask whether he could name another country—jurisdiction is not the term I am seeking; I am trying to think of the appropriate word—within which there are nations, that has such a differentiation. I think I am right in saying that apart from Scotland and Northern Ireland, Hong Kong is the only other place where a private bank, rather than a central bank, issues banknotes for general circulation. The position is extremely unusual. I fully understand the irritation that there must be for people who use these banknotes daily and expect them to be currency across the United Kingdom but find when they come to England or Wales that they have difficulty using them. We should reduce that irritation as far as possible and try to find ways to ensure that such difficulty is not encountered, but it can sometimes be overplayed. I listened carefully to the story that the hon. Member for Dumfriesshire, Clydesdale and Tweeddale told about Mr. MacLachlan of Inverness and his experiences with the Newcastle Travelex. Travelex is a commercial company, not a clearing bank, so why should it provide a service completely free of charge? What possible interest would it have in changing Scottish banknotes for English banknotes without charging any sort of commission? Why should it perform that service? That is a reasonable question to ask.


Secondary information

Type
Proceeding contribution
Reference
488 c1164-5 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Banks Cultural heritage Bank notes Equality Forgery Payments Money Scotland Standards Retail trade
Legislation
Scottish Banknotes (Acceptability in United Kingdom) Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk