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".
Website users raised funds after Jennifer Lawrence nude photo leak
The Tardis-style house measures in at just 83 inches wide
- 1 David Sedaris: What I learnt from Fitbit about the world around me
- 2 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Cee Lo Green: 'It's only rape if the victim is conscious'
- 5 Katie Hopkins in tears over weight gain challenge: ‘I hate fat people for making me do this’
Emma Watson on Jennifer Lawrence nude photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
Jessica Brown Findlay: Downton Abbey actress is linked to list of celebrities targeted by hackers
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Ariana Grande nude photos leak: Pictures are completely fake, say representatives
Steven Sotloff 'beheading': British captive shown in Isis video which claims to show death of second US journalist
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
£28000 - £34000 Per Annum: The Green Recruitment Company: Job Title: Renewable...
£26000 - £34000 Per Annum: The Green Recruitment Company: Job Title: Energy Pr...
Competitive & Flexible: Randstad Education Cambridge: The JobRandstad Educatio...
Negotiable: Randstad Education Group: Randstad Education are looking for Teach...