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Bank of UK not England

LAST week this newspaper made a plea for high standards in the debate during the long-haul towards the referendum campaign.

The business community could be forgiven for doubting that the First Minister has risen to the challenge.

Alex Salmond asserted in the Scottish Parliament last week that Scotland currently had "no influence" on the Monetary Policy Committee of the Bank of England and that an independent Scotland would "expect" to be able to appoint a committee member to protect and uphold Scotland's interest in a sterling zone.

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