Scottish independence: Salmond on UK currency 'bluff and bluster'
14 February 2014 Last updated at 10:02 GMT
First Minister Alex Salmond has accused the three major UK parties of "bluff, bluster and bullying" in their rejection of a currency union with the rest of the UK in the event of independence.
Chancellor George Osborne confirmed the UK government's position during a speech in Edinburgh. He said: "If Scotland walks away from the UK, it walks away from the pound".
Labour and the Liberal Democrats have issued similar statements.
BBC Scotland's James Naughtie later asked Mr Salmond for his reaction and if he had a currency plan B.