This could create a lot of new, highly paid, financial services jobs in Scotland

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Some good news for anyone who wants to work in government bond trading in Edinburgh: a lot of new, high-paying, banking jobs could be coming to the City by 2015.

The British government announced today that it's launching a consultation on the proposal that the Scottish government should be able to issue up to £2.2bn of its own bonds from 2015-16.

If the move goes ahead, it could create assorted jobs in Scotland as debt capital markets bankers, researchers, and maybe (although unlikely) traders seek to help the Scottish government tap the market.

On the other hand, with a £2.2bn limit, the Scottish market is never going to be huge. The UK government expects to issue £168bn of gilts this year and issued £12.2bn in March 2012 alone.