Media playback is unsupported on your device

Scottish independence: Standard Life comments 'boost currency union case'

27 February 2014 Last updated at 13:05 GMT

Standard Life's position on independence boosts the case for a formal currency union with the rest of the UK, according to Scottish Finance Secretary John Swinney.

David Nish, Standard Life's chief executive, has claimed the company could move operations outside Scotland in the event of a Yes vote in the referendum.

The company said it was putting the contingency plan in place because of uncertainty over issues like currency.

Mr Swinney told BBC News: "What essentially this debate hinges on is whether or not we can engage the UK government in having a meaningful dialogue about the implementation of that framework that addresses all of the questions raised by Standard Life."

He also said that the biggest threat to Scotland's future within the European Union came from a referendum on membership which is being proposed at Westminster.

Most watched

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.