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Scots budget veto threat to Bank of England plan

AN independent Scotland would have to surrender to intrusive budget control from London if it wanted to keep Bank of England support, the Coalition Government has suggested.

alex SALMOND: Bank would be lender of last resort.
alex SALMOND: Bank would be lender of last resort.

Whitehall sources said the UK would demand even stronger powers than those planned in the eurozone just to consider the First Minister's proposal. Members of the single currency are facing the prospect of stiff sanctions, including fines for overspending, as Europe tightens central control of national budgets.