Mr Garnier, a Conservative member of the Parliament’s Treasury Committee, says that a so-called Brexit might make it worthwhile for Scots to go it alone to usurp London’s position.
“If I was Nicola Sturgeon trying to find an alternative purpose and role for Scotland, you could do an awful lot by trying to snaffle that financial services hub from London,” Mr Garnier, a former banker, said in an interview.
“That’s exactly what I would be trying to do in terms of trying to build a financial services hub that would be the natural successor to London by leaving the union of the United Kingdom and staying within the European Union.”
There is no possible manner in which Scotland’s economy could backstop a global finance centre.
And Edinburgh’s a nice place and all that but the total population is about the same as just the workforce of The City.
Think about it for a bit. A place reliant on the Scottish pound backstopping global banks? Or if they’re in the euro then what’s the point? Why not Frankfurt?