A Treasury source told the BBC that it had discussed the plans with the Royal Bank of Scotland,” Salmond said at a press conference in Edinburgh today. “The Treasury official or ministers are not allowed to brief market-sensitive information.” That’s a “serious matter,” he added. The British Broadcasting Corp. reported last night that RBS (RBS) had a contingency plan to move to London from Edinburgh if voters say Yes to independence on Sept. 18, citing people at the U.K. Treasury that it didn’t identify. RBS confirmed the plan this morning, saying a Yes vote would make it necessary to re-domicile its headquarters. The U.K. Treasury declined to comment. The BBC in London didn’t immediately respond to a request for comment. Salmond called the Treasury’s comment to the BBC a “spectacular blunder from the No campaign,” which he alleged had been “caught red handed” as part of “scaremongering.” The leader of the Scottish National Party demanded the BBC cooperate with an investigation, prompting an exchange with the broadcaster’s political editor, Nick Robinson, who was sitting in the audience. Lloyds Banking Group Plc (LLOY), which is based in London but has its registered office in Edinburgh, said late yesterday that it already has a contingency plan for establishing new legal entities in England in the event of a Yes vote. The company owns the 319-year-old Bank of Scotland.
Posted on: Thu, 11 Sep 2014 12:57:11 +0000
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