UK Gilt

Ongoing charge of just 0.06%

Yields on benchmark 10-year UK government bonds jump following announcement

Blue chips up 3% as PM Cameron heads to Brussels

Financial services companies will find it "impossible" to remain in an independent Scotland even if it adopted sterling outside of a currency union, George Osborne has warned.

The Scottish government will be able to issue its own bonds from 2015 in a 'historic' devolution of borrowing powers, the Treasury has announced.