Chancellor Cancels Trip Due to Yes Vote 'Risks'

Written By Unknown on Jumat, 12 September 2014 | 22.11

The Chancellor has cancelled an official trip to Australia because of the potential economic risks of a Scottish Yes vote.

George Osborne and the Bank of England Governor Mark Carney are pulling out of a meeting of the G20 on September 20 and 21.

The decision comes as polls show the Yes and No camps neck and neck ahead of the crucial independence referendum on September 18.

Thee are also growing warnings from businesses over the impact of a Yes vote.

The Bank has confirmed Mr Carney - who is due to chair a meeting of the financial stability board of bank regulators in Cairns on Wednesday - will now return early to be back in time for the result.

And the Treasury said that Mr Osborne will not now be going to the weekend summit so will be the UK for the outcome of the vote.

"I can confirm that he is not attending," a Treasury spokesman said.

The Bank said that Mr Carney will be represented at the G20 by the deputy governor for financial stability, Sir Jon Cunliffe.

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