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<p>Treasury ministers and officials have regular discussions with our counterparts
in the Scottish Government on matters of importance to Scotland and the wider UK,
including the Scottish Government’s plans to establish a Scottish National Investment
Bank.</p><p> </p><p>The Scottish Government’s new fiscal framework was agreed in December
2016, including increased borrowing powers and a larger Scotland Reserve. It is for
the Scottish Government to decide how to use these flexibilities to support the Scottish
National Investment Bank.</p>
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