May will outline her views on calls for an independence referendum later today
The Prime Minister will make it clear that the Union is an “unstoppable force” whose strength will be needed during Brexit negotiations that are due to start on Wednesday.
According to excerpts of a speech released by her office, May will say: “Indeed, we are going to take this opportunity to forge a more global Britain.
“The closest friend and ally with Europe, but also a country that looks beyond Europe to build relationships with old friends and new allies alike.”
It follows reports Scotland could see its credit status downgraded to “junk” if it votes to leave the UK, according to credit rating body Moody's, as a result of the pressures falling oil prices have placed on its public finances.
Key Moments from the PMQs Wed, March 22, 2017
All the highlights from Prime Minister's Questions: March 2017
PA 1 of 12
Prime Minister's Questions
Britain has a proud shared heritage
On Monday, May will appeal to the union’s shared values and sense of history to confront the recent cries for another independence referendum, saying Britain has a "proud shared heritage".
She will say: “And on that foundation we have built a country where we share the challenges that we face, and bring all the expertise, ingenuity and goodwill we share across this union to bear to tackle them.”
“So as Britain leaves the European Union, and we forge a new role for ourselves in the world, the strength and stability of our union will become even more important.”
May will highlight the reach Britain has throughout the world, during a speech to government workers at the Department of International Development’s Scottish HQ.
The second independence referendum debate was postponed because of the terror attack in London
The Prime Minister will add: “When this great union of nations – England, Scotland, Wales and Northern Ireland – sets its mind on something and works together with determination, we are an unstoppable force.”
In 2014, when the oil price was above $100 a barrel, an independent Scotland could have received a rating between A and Baa, placing it within the investment grade bracket.
A series of anti Brexit demonstrations took place at the weekend
Colin Ellis, chief credit officer for EMEA at Moody’s, said: “Oil prices mean Scotland would be starting from a high fiscal imbalance that the Scottish government would immediately need to address.
“You would need to raise taxes or cut spending. If not, that would put the normal downward pressures on ratings.”