UK loses top AAA credit rating

[Jimbuna]

I'm surprised the UK have held onto it for so long but not so much at the arrogance of the Chancellor who many believe doesn't have the experience or capability of bringing back economic and financial stability.

Hopefully the austerity measures that affect the working classes the most won't be stepped up.

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.

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