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Swinney Unveils £35 Billion Economic Plan for Independent Scotland

10/9/2025

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Summary

Story summary

SNP leader John Swinney proposed an economic plan for an independent Scotland, including raising £35 billion in reserves to shield against shocks.
He said the Bank of England would act as lender of last resort to support Scotland during financial crises.
Scotland would initially use the pound, then transition to its own currency, which Swinney said would not be equal in value to sterling.

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Story summary

SNP leader John Swinney proposed an economic plan for an independent Scotland, including raising £35 billion in reserves to shield against shocks.
He said the Bank of England would act as lender of last resort to support Scotland during financial crises.
Scotland would initially use the pound, then transition to its own currency, which Swinney said would not be equal in value to sterling.