The Chancellor's decision to rule out sharing currency with an independent Scotland will prove to be a "monumental error", First Minister Alex Salmond will declare.
Mr Salmond is expected to say in a lecture tonight: "In the last three weeks people in Scotland have seen an array of approaches from the UK Government - what they apparently call their 'Dambusters' strategy.
"We were love-bombed from a distance by David Cameron, then dive-bombed at close range by George Osborne.
"Scotland will not be a foreign country after independence, any more than Ireland, Northern Ireland, England or Wales could ever be foreign countries to Scotland".
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After a frosty start, southeastern areas will be dry with increasing amounts of sunshine developing. It will remain cold throughout the day.
Higher food and petrol prices are expected to send inflation to its highest level in 28 months when official figures are released later.