Thursday, 22 January 2009

BANK OF ENGLAND'S CRAZY SCOTTISH BUFFET LUNCH OFFER HAVING A LAUGH.

BANK OF ENGLAND'S CRAZY SCOTTISH BUFFET LUNCH OFFER HAVING A LAUGH.

BANK SNUBS SCOTTISH PARLIAMENT FOR BUFFET IN GLASGOW.

Further to the Bank of England's snub to discuss the state of the Scottish economy with the Scottish Parliament's Economy, Energy and Tourism Committee it has been revealed that the Bank now plans to hold a briefing buffet in Glasgow in February.

Commenting on this discovery SNP MSP Rob Gibson – a member of the committee – said:

"This revelation only makes the Bank of England's snub to the Scottish Parliament even more unacceptable. If the Bank of England is meant to consult stakeholders assiduously, why won't they meet the Scottish Parliament representatives? It is after all one of the premier stakeholders in Scotland?

"It seems an invitation-only breakfast buffet in Glasgow to talk about the "Bank's views on the economy" is okay for the Bank but speaking to Scotland's democratically elected representatives is not!

"With this week's call for bank chief's to attend the committee securing cross party support this snub by the Bank of England to engage in discussion with Scotland's democratically elected representatives is bizarre. Do they even tell their agent in Scotland what relations they have with the Scottish Parliament?

"It is essential that to get a full picture of recent economic events and their impact on Scotland the Parliament must get the full picture. That not only means evidence from bankers but also from the Bank of England, the UK Financial Services Authority and current and previous Chancellors of the Exchequer.

"To inform our views we need a thorough investigation and the Scottish Parliament should hear from all those involved in creating this age of irresponsibility in the first place.

"With the financial services sector playing a significant role in Scotland's economy it is only right that the Scottish Parliament hears from all those involved in the UK Government, banking, oversight and regulation about how this situation came to pass."

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