SNP debt threat as Osborne set to rule out money union

By Calum Ross

Published: 13/02/2014

The independence battle escalated yesterday as the SNP threatened to walk away from Britain’s debts over claims that pro-UK parties were “bullying and intimidating” Scots.

The bitter war of words erupted on the eve of a major speech in Edinburgh today by Chancellor George Osborne, who is expected to completely rule out a currency union with an independent Scotland.

The move, understood to be backed by the chancellor’s Labour counterpart Ed Balls and Liberal Democrat Danny Alexander, would aim to pile the pressure on the SNP to produce an alternative plan to keeping the pound.

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