Chancellor of the Exchequer George Osborne

Chancellor of the Exchequer George Osborne

Jason Alden/Bloomberg

“Currently, Scotland benefits from the whole U.K.’s credibility in the gilt markets,” said George Osborne, U.K. chancellor of the exchequer. “Experts already estimate that even a new Scottish state which had accepted its fair share of U.K.’s debt would have to pay an ‘‘independence premium’’ to borrow.”