Political parties 'to rule out currency union with Scotland'

Scotland's hopes of keeping the pound if it becomes independent after a referendum later this year have been dealt a blow with Britain's three main political parties set to refuse a currency union, according to reports.

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George Osborne weighs into Scottish independence debate and the future of the pound

Chancellor George Osborne's expected to rule out the possibility of an independent Scotland keeping the pound when he makes a speech in Edinburgh later.

Nationalists say the UK government is bluffing and that a currency union is the best option.

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