Independence vote: Yes vote ‘means no money union’ says Osborne

The United Kingdom's three main political parties (Conservative Party, Labour Party and Liberal Democrats) warned on the 13 February 2014 that an independent Scotland would not be able to join a currency union with the rest of the UK.

The UK government published a major Treasury review outlining the unbridgeable challenges in allowing the Scots to use the pound.

In Scotland, the Scottish National Party (SNP) accused the UK political parties of seeking to bully the people of Scotland in advance of the referendum on independence in September 2014.

First Minister for Scotland Alex Salmond attacked the UK decision to veto any currency union after independence, and renewed a threat that Scotland could refuse to pay its share of the UK's debt.

Voting analyst said to The Guardian on the 20 February 2014 that support for independence had increased after George Osborne ruled out a currency union.

• Primary Source

ESO: Background information: Scottish independence: Osborne says currency plans 'dive into uncharted waters' http://www.europeansources.info/record/scottish-independence-osborne-says-currency-plans-dive-into-uncharted-waters/

ESO: Background information: Scottish independence: Carney says Scots currency plan may lead to power loss http://www.europeansources.info/record/scottish-independence-carney-says-scots-currency-plan-may-lead-to-power-loss/

ESO: Background information: Economic aspects of Scottish independence: Currency http://www.europeansources.info/record/economic-aspects-of-scottish-independence-currency/

The Guardian, 13.02.14: Independent Scotland: Treasury warns of 'unbridgeable challenges' over pound http://www.theguardian.com/politics/2014/feb/12/uk-parties-rule-out-currency-union-scotland

SNP: Press Release, 12.02.14: Scottish Sec must do what's "sensible" on currency http://www.snp.org/media-centre/news/2014/feb/scottish-sec-must-do-whats-sensible-currency

ESO: Background information: Scotland analysis: Currency and monetary policy http://www.europeansources.info/record/scotland-analysis-currency-and-monetary-policy/

Euronews, 06.02.14: UK minister to Scotland: Vote for independence and lose the pound http://www.reuters.com/article/us-britain-scotland-pound-idUSBREA151MI20140206

UK: GOV.UK: HM Treasury: Speech, 13.02.14: Chancellor on the prospect of a currency union with an independent Scotland https://www.gov.uk/government/speeches/chancellor-on-the-prospect-of-a-currency-union-with-an-independent-scotland

UK: GOV.UK: HM Treasury: News, 13.02.14: Prospect of a currency union with an independent Scotland - statement by Chief Secretary to the Treasury https://www.gov.uk/government/news/prospect-of-a-currency-union-with-an-independent-scotland-statement-by-chief-secretary-to-the-treasury

UK: GOV.UK: HM Treasury: Research and Analysis: Scotland analysis: assessment of a sterling currency union, February 2014 https://www.gov.uk/government/publications/scotland-analysis-assessment-of-a-sterling-currency-union

The Guardian, 13.02.14: Alex Salmond responds angrily to Osborne's rejection of currency union http://www.theguardian.com/politics/2014/feb/13/no-currency-union-indpendent-scotland-george-osborne

SNP: Press Release, 13.02.14: Nobel laureate: Sterling area most logical option http://www.snp.org/media-centre/news/2014/feb/nobel-laureate-sterling-area-most-logical-option

Financial Times, 13.02.14: Independent Scots would need their own currency (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE138376-Independent-Scots-would-need-their-own-currency

The Guardian, 17.02.14: Business leaders attack Alex Salmond as he hits back over currency union http://www.theguardian.com/politics/2014/feb/17/business-leaders-alex-salmond-currency-union

The Guardian, 20.02.14: Scottish independence: currency union warning 'backfires' on Westminster http://www.theguardian.com/politics/2014/feb/20/scottish-independence-currency-union-warning-backfires

The Guardian, 25.02.14: Alex Salmond's hints at Plan B on currency: using sterling regardless http://www.theguardian.com/politics/scottish-independence-blog/2014/feb/25/scottish-independence-salmond-currency

EUObserver, 13.03.14: What currency should an independent Scotland use? http://euobserver.com/news/123442

The Guardian, 23.03.14: Currency union for independent Scotland wins backing http://www.theguardian.com/politics/2014/mar/23/currency-union-independent-scotland-backing

The Guardian, 31.03.14: Scotland currency union with UK is not going to happen, Nick Clegg states http://www.theguardian.com/politics/2014/mar/31/independence-scotland-currency-union-not-happen-nick-clegg

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