{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Treasury chief rules out currency union with Scotland should it vote for independence' data-url='/boclips/videos/5c54be9ad8eafeecae13ce5e' data-video-url='/boclips/videos/5c54be9ad8eafeecae13ce5e' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nTreasury chief rules out currency union with Scotland should it vote for independence\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eUK Treasury chief George Osborne told Scottish voters on Thursday that if they voted for independence later this year, they would be walking away from the British pound.In a tough speech in Edinburgh, Osborne ruled out a currency union,...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eUK Treasury chief George Osborne told Scottish voters on Thursday that if they voted for independence later this year, they would be walking away from the British pound.\u003cbr/\u003eIn a tough speech in Edinburgh, Osborne ruled out a currency union, insisting that the pound would not be an asset divided up after a \"messy divorce\".\u003cbr/\u003eThe other major UK parties have supported that view.\u003cbr/\u003e\"The pound isn't an asset to be divided up between the two countries after break-up as if it were a CD collection,\" he said.\u003cbr/\u003e\"The value of the pound doesn't lie in the paper and ink that's used to print it,\" he added.\u003cbr/\u003eA key plank of the strategy presented by independence leaders is that Scotland would share the pound if they win the September 18 referendum. \u003cbr/\u003eBut Osborne ruled that out, arguing that the value of the pound lies in the \"entire monetary system underpinning it\".\u003cbr/\u003eWhy, he asked, should the remaining UK members - England, Wales and Northern Ireland - shoulder the risk of a currency union should Scotland vote to break away?\u003cbr/\u003e\"If Scotland walks away from the UK, it walks away from the UK pound,\" he said.\u003cbr/\u003eOsborne's remarks signal an intensification of the debate over independence and mark a contrast to the so-called \"love-bombing\" approach of Prime Minister David Cameron.\u003cbr/\u003eLast week, Cameron made an impassioned appeal for Scotland to remain in the union that it's been a part of for more than 300 years - a watershed moment that touched on history and shared glories. \u003cbr/\u003eTo stress that point, he made the speech at London's Olympic Park, where Britain enjoyed so much success and unity in staging the 2012 games.\u003cbr/\u003eWhile Cameron tried to tease out the emotional link, Osborne played to the pocketbook, reminding independence-minded Scots that without a currency union, they would have to face the markets alone to raise money in their new country. \u003cbr/\u003eHe even warned that one of the first things an independent Scotland would have to do is default on its debts.\u003cbr/\u003eOn Wednesday, Scotland's Deputy First Minister Nikola Sturgeon described advance word of Osborne's remarks as a bullying tactic. \u003cbr/\u003eScotland has had its own Parliament since 1999 and makes its own laws in many areas.\u003cbr/\u003e1. Wide of UK Treasury Chief George Osborne making speech\u003cbr/\u003e2. SOUNDBITE (English) George Osborne, Britain's Chancellor of the Exchequer:\u003cbr/\u003e\"First of all, the SNP says it is as much Scotland's pound as the rest of the UK's. They are like the angry party to a messy divorce. But the pound isn't an asset to be divided up between two countries after break-up as if it were a CD collection. The value of the pound doesn't lie in the paper and ink that's used to print it. The value of the pound lies in the entire monetary system underpinning it.\"\u003cbr/\u003e3. Wide of Osborne and audience\u003cbr/\u003e4. SOUNDBITE (English) George Osborne, Britain's Chancellor of the Exchequer:\u003cbr/\u003e\"So when the nationalists say 'the pound is as much ours as the rest UK's', are they really saying that an independent Scotland could insist that taxpayers in a nation it has just voted to leave had to continue to back the currency of this new foreign country? Had to consider the circumstances of this foreign country when setting their interest rates? Stand behind the banks of this foreign country as a lender of last resort? Or stand behind its foreign government when it needed public spending support? That is patently absurd! If Scotland walks away from the UK, it walks away from the UK pound.\"\u003cbr/\u003e5. 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