If Scotland "walks away" from the UK it would also be walking away from the pound, the Chancellor has said. George Osborne issued the stark warning to voters north of the border ahead of September's independence referendum.
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 vote 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.
Scotland's Deputy First Minister Nicola Sturgeon dismissed the warnings as the "Westminster establishment" trying to lay down the law to Scotland and warned the move would backfire on the pro-Union parties.
In his speech today, Mr Osborne will emphasise that being part of the UK had given Scotland economic stability, helping it to ride out the global financial economic crash.
"The pound is one of the oldest and most successful currencies in the world. I want Scotland to keep the pound and the economic security that it brings," he will say, according to an advance extract released by the Treasury.
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