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Breaking News Home | All | Religion | Society | Tech | Choice | SA News
FRONT PAGE  |  7/4/2015
SATURDAY, FEB 23, 2013  |  3 comments
Britain's credit rating downgraded from AAA to Aa1

Moody’s announced on Friday night that it had cut the Government’s bond rating one notch from ‘Aaa’ – the highest possible level – to ‘Aa1’.

The move is a significant setback for Chancellor George Osborne, who has faced criticism that his strategy for dealing with UK’s huge debt burden is failing to deliver.

Moody’s pointed to “continuing weakness in the UK’s medium-term growth outlook, with a period of sluggish growth which [it] now expects will extend into the second half of the decade”.


CLICK HERE to Read Entire Article
www.telegraph.co.uk

Response to economic crisis?
  START  
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COMMENTS | show all | add new  
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· Page 1 ·  Found: 3 user comment(s)
News Item2/26/13 7:06 PM
If they understood  Find all comments by If they understood
I should have added, that is one of the principal reasons why David Camoron (sic) looks for any issue to distract from the economy.

Hence Al Quaeda, Global warming, Europe, Gay marriage, Olympics etc

3

News Item2/26/13 7:03 PM
If they understood  Find all comments by If they understood
If they understood how much 'off balance sheet' debt the UK government has they would have given it a credit rating worse than Greece!! The UK economy is up the proverbial creek without a paddle!
2

News Item2/23/13 7:10 AM
Tennessee Wise | Califonia  Find all comments by Tennessee Wise
Sound familar anyone
1
There are a total of 3 user comments displayed | add new comment |Subscribe to these comments
Last PostTotal
Outspoken Hillsong critic arrested
legalaid from free land: " s c maybe they misspell their name. instead of..."
-3 min 
Chinese stocks' biggest decline since 1992
lisa from wales: "dave i'm sensing something very sinister- the euro will crash..."
-45 min 
Greek villagers' secret weapon: Grow your own food
dave from oz: "amen"
-1 hrs 20 



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