LONDON , Sept. 8 (UPI) -- The British pound fell Monday on financial markets after a poll indicated that for the first time, backers of Scottish independence in a Sept. 18 referendum have the lead.
A YouGov poll for the London newspaper Sunday Times was the first mainstream indication the pro-independence faction is outpacing the group seeking to keep England and Scotland unified. The value of the pound fell by 1.3 percent to a ten-month low of $1.61, measured against the U.S. dollar.
Speaking to the British Broadcasting Corp., Osborne promised "more tax-raising powers, much greater fiscal autonomy, more control over public expenditure, more control over welfare rates and a host of other changes," adding a formal proposal will be announced in several days.
"Then Scotland will have the best of both worlds," Osborne said. "They will both avoid the risks of separation but have more control over their own destiny, which is where I think many Scots want to be."
The stocks of Scottish-based companies fell in London markets Monday. Edinburgh-based Standard Life fell three percent, Royal Bank of Scotland fell 2.4 percent and Lloyds Banking Group, which owns Bank of Scotland, dropped 2.7 percent.