The Scotsman Cartoon: Independence currency union

Illustration: Iain Green
Illustration: Iain Green
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Britain’s three main political parties are set to deliver a warning to the voters of Scotland that they will not be able to keep the pound if they opt for independence.

Chancellor George Osborne is expected to rule out an independent Scotland joining a formal currency union with the UK when he publishes the latest Treasury analysis of the issue in Edinburgh.

It is expected to be followed by statements from shadow chancellor Ed Balls for Labour and Treasury Chief Secretary Danny Alexander for the Liberal Democrats making clear that their parties also would not allow Scots to retain the pound.


Independence: UK says no to formal currency union