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Proceeding contribution from Lord Sarwar (Labour) in the House of Commons on Thursday, 6 February 2014. It occurred during Backbench debate on Scotland’s Place in the UK.


Scotland’s Place in the UK

That is an interesting point. The hon. Gentleman, like everyone else, will have to wait for our full devolution commission report, which will be published during our conference in March.

When the Governor of the Bank of England was busy sinking the SNP’s plans for a currency union last week, he was keen to point out that a key ingredient of a successful union was meeting the need to

“mutualise risks and pool fiscal resources.”

That is exactly what we have now: we have a redistributive union, a wealth-sharing union, in which a contribution from all to the common pot enables those most in need to benefit from the common weal.


Secondary information

Type
Proceeding contribution
Reference
575 c463 
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Devolution European Union Economic policy Politics and government Overseas trade Scotland Sovereignty Sterling
Link
View this Proceeding contribution on www.publications.parliament.uk