PARLIAMENTARY WRITTEN QUESTION
Banks: Scotland (1 April 2019)

To ask the Chancellor of the Exchequer, what discussions (a) Ministers and (b) officials of his Department have had with the Scottish Government on borrowing limits for the proposed Scottish National Investment Bank.

Asked by:
Kirsty Blackman (Scottish National Party)

Treasury ministers and officials have regular discussions with our counterparts in the Scottish Government on matters of importance to Scotland and the wider UK, including the Scottish Government’s plans to establish a Scottish National Investment Bank.

The Scottish Government’s new fiscal framework was agreed in December 2016, including increased borrowing powers and a larger Scotland Reserve. It is for the Scottish Government to decide how to use these flexibilities to support the Scottish National Investment Bank.

Answered by:
Elizabeth Truss (Conservative)
4 April 2019