British finance minister George Osborne reiterated his stance on Scotland's campaign to break away from the U.K, stating that the case for independence simply doesn't make economic sense.
"From my recent visit to Edinburgh, what's clear to me is that the economic arguments for independence don't stack up," Osborne told CNBC at a press briefing in Singapore on Monday.
(Read more: Scotland's Salmond: blocking pound will hurt UK)
"And the assertion by the nationalists that Scotland could share the pound with the rest with the U.K. is simply not the case. The things required to make a currency union work wouldn't be in place," he added.
The Scottish government has argued that keeping the pound made sense for both Scotland and the rest of the U.K. But Osborne has made it clear that he does not think the government's currency union plan is viable.