Inside Story

Scotland: A rocky road to independence

The British government warns Scots of the consequences of its plans to withdraw from the Union.

British Finance Minister George Osborne issued a stern warning to the Scottish government ahead of a referendum on independence.

Osborne was clear: No union, no pound.

Three UK political parties have also launched a campaign against the plans for independence.

On Inside Story we ask: Could Scotland really become an independent state? And what does it all mean for the UK as a whole?

Presenter: Shihab Rattansi

Guests: Jim Gallagher: a fellow at Nuffield College, Oxford

Angus Armstrong: a fellow at the Economic and Social Research Council 

Allan Grogan: head of Labour for Independence, a group of pro-independence supporters of the Labour Party