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Fri Feb 22, 2013, 06:49 PM

UK loses top AAA credit rating for first time since 1978

http://www.bbc.co.uk/news/business-21554311

The UK has lost its top AAA credit rating for the first time since 1978 on expectations that growth will "remain sluggish over the next few years".

The ratings agency Moody's became the first to cut the UK from its highest rating, to Aa1.

Moody's said that the government's debt reduction programme faced significant "challenges" ahead.

Chancellor George Osborne said the decision was "a stark reminder of the debt problems facing our country".

*end of excerpt*

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Reply UK loses top AAA credit rating for first time since 1978 (Original post)
steve2470 Feb 2013 OP
SunSeeker Feb 2013 #1
LeftishBrit Feb 2013 #2
SunSeeker Feb 2013 #3
Rosa Luxemburg Feb 2013 #4

Response to steve2470 (Original post)

Sat Feb 23, 2013, 01:40 AM

1. How's that austerity thingy working out for you, UK? Uh...er...nevermind. nt

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Response to SunSeeker (Reply #1)

Sat Feb 23, 2013, 03:20 AM

2. It isn't!

George Osborne is one of the stupidest idiots in recorded history.

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Response to LeftishBrit (Reply #2)

Sun Feb 24, 2013, 12:48 AM

3. Yup. The UK has become its own worst enemy.

Much like the US is its own worst enemy.

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Response to steve2470 (Original post)

Thu Feb 28, 2013, 09:25 PM

4. Tories fault

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