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Chancellor George Osborne took a shot at Scottish independence campaigners as he announced millions of pounds will be put towards commemorating the anniversaries of the battles of Agincourt and Waterloo.

He revealed that £1 million each will spent on marking 600 years passing since the 1415 Henry V led English victory over France at the Battle of Agincourt, and Napoleon’s loss in 1815.

Announcing the plans in his budget, Mr Osborne referred to Shakespeare celebrating the Agincourt win as a “victory secured by a ‘band of brothers”‘.

He continued: “It is also when a strong leader defeated an ill-judged alliance between the champion of a united Europe and a renegade force of Scottish nationalists.

“So it is well worth the £1 million we will provide to celebrate it.”

The Budget also earmarked up to £2 million towards marking the 70th anniversary of VE Day.

Mr Osborne announced plans to use Libor fines to pay for funding for charities of every regiment that fought in Afghanistan.

He said he intended to use the money from those who demonstrated by the “very worst values” to support those who represent the “very best of British values”.

The service held last week to mark the end of the 13-year war in Afghanistan, served as a reminder of the debt owed to the brave servicemen and women who served in the conflict, said Mr Osborne.

It was also announced the Government would use Libor fines to contribute funding to the permanent memorial to those who had died there and in Iraq.

To mark the 75th anniversary year of the Battle of Britain help will be provided to renovate the RAF museum at Hendon, the Stow Maries Airfield and the Biggin Hill Chapel Memorial.

Mr Osborne further revealed that £25 million will be provided to help the eldest veterans, including nuclear test veterans, and that Libor fines will be used to “correct the historic injustice to spouses of police officers, firefighters, and members of the intelligence services who lose their lives on duty”.