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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  9/3/2014
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?
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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
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