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ref date:1 Jan 2000 (ECON)
Bank of England hurting Scots economy

In order to 'cool down' the booming economy and crazy house price trend in South East England, that is now following the same boom-bust pattern under labour as it did under thatcher, interest rates and monetary policy are being tailored to SUIT SE England - at the expense of the Scots and Northern English.

An SNP spokesman said "It does not take into account the needs of the north of England or Scotland, as evidenced by the fact that the membership of the Bank of England's Monetary Policy Committee is overwhelmingly based in the south-east of England."