Swinney must explain currency talks exaggeration

Scottish Liberal Democrats leader Willie Rennie has called on Finance Secretary John Swinney to explain why he exaggerated in his claims that the Scottish Government had technical discussions with the Bank of England over its independence proposals for a formal currency union with the UK.

The call comes after the Bank of England issued a statement today which said that it has not entered into discussions with representatives of the Scottish Government about proposals for future monetary arrangements.

Mr Rennie said:

"The Nationalists have repeatedly sought to inflate the credibility of their currency plans. It is very serious that the Bank of England has taken the unusual step of correcting the statement from John Swinney. We need John Swinney to explain why he exaggerated. He must now provide complete clarity over those claims and be upfront with the people of Scotland."

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