Mark Wilson, Chief Executive of Aviva, has warned Scotland that it faces higher borrowing costs for infrastructure projects, such as roads and schools, if the country becomes independent.

He added that while the insurance firm would continue to invest in Scotland, there would be "increased risks" if the 'Yes' vote triumphs in Thursday's poll.

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Mr Wilson is quoted as saying: "The cost of borrowing to fund important public infrastructure, such as schools, hospitals and roads, would almost certainly go up to cover the increased risk of being a smaller independent country."

He also stressed that those living in Scotland should be aware of the "full knowledge of the facts" before they vote as to whether they should become independent from the rest of the UK.

(JP/CD)