Scottish independence: Alex Salmond to 'deconstruct' Osborne's refusal to shared pound
First Minister set to attack Osborne's position on sterling zone as 'misinformed'
Alex Salmond has vowed to "deconstruct" the chancellor's refusal to sharing the pound with an independent Scotland in a speech to business leaders later today.
The First Minister is set to attack George Osborne's position on the matter as "misinformed" and "ill-thought-out" after the chancellor rejected calls for a formal currency union with the rest of the UK.
The SNP leader has accused Westminster of "bullying" and using "anti-democratic" tactics after all three main parties ruled out a go-it-alone Scotland being able to carry on using the pound.
Salmond said: "The reality is the pound is as much Scotland's as the rest of the UK. By suggesting otherwise, the Westminster establishment - Tories, Labour and Lib Dems - are reaping a backlash from the ordinary people of Scotland, who feel this is an attempt to bully Scotland ahead of the democratic choice we all look forward to this September.
"I will be deconstructing the chancellor's ill-thought-out and misinformed intervention point-by-point, making clear why a currency union not only favours Scotland but is in the clear economic interests of the UK as well."
Salmond was left facing a new policy setback after Jose Manuel Barroso, president of the European Commission, warned that it would be "extremely difficult, if not impossible" for an independent Scotland to join the union.
Speaking to the BBC, Barroso highlighted that countries like Spain- which is also facing demands for independence from Catalonia and Basque nationalists- would likely veto its entry.
An independent Scotland would have to apply for EU membership which must be upheld by all member states. Senior Scottish National Party figures described his claims as "preposterous" and "nonsense".
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 People all over the world are getting semicolon tattoos to draw attention to mental health
- 3 Van driver who comforted Clark Carlisle and called 999 after suicide attempt dies age 24
- 4 James Blunt was special guest on the highest-rating Top Gear episode ever
- 5 The biggest first date turnoff has been revealed
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
£17000 - £21000 per annum: Recruitment Genius: This is a fantastic opportunity...
£17000 - £23000 per annum: Recruitment Genius: This is a fantastic opportunity...
£17000 - £23000 per annum: Recruitment Genius: If you are fluent in Japanese a...
£16000 - £25000 per annum: Recruitment Genius: This is a fantastic opportunity...