The Canadian PressFebruary 13, 2014 06:18
LONDON - Scotland has been warned.
If it votes to leave the United Kingdom later this year, then the new country walks away from the pound.
That's the hard-line and potentially game-changing message presented Thursday by U.K. Treasury chief George Osborne, who ruled out a currency union in a speech in the Scottish capital of Edinburgh.
"The pound isn't an asset to be divided up between the two countries after breakup as if it were a CD collection," Osborne said. "If Scotland walks away from the U.K., it walks away from the U.K. pound."