UK loses top AAA credit rating

Jimbuna · 02-22-13, 07:34 PM

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.

Quote:

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

Oberon · 02-22-13, 07:46 PM

Oh, I won't hold my breath about that Jim. This'll just give Osbourne another excuse to screw us over even more.

Jimbuna · 02-22-13, 08:20 PM

That is prcisely my main concern

02-22-13, 09:02 PM

It just shows that Cameron has no backbone at all.
Osbourne has failed to deliver on a single target he set. Even when he revises the targets straight after making their announcement and then revises again and again till the due date comes he still fails to get anywhere near it.
Yet still insists that his Plan A is the only way and it will deliver.
"Call me Dave" should have kicked that muppet into touch long ago.

BossMark · 02-23-13, 02:41 AM

Well done Gideon bloody marvellous job

STEED · 02-23-13, 05:31 AM

Why worry about it, after all what gives a credit rating agency the right to lord it over any country. After all they all got it wrong back in 2007/8 the corupt sods the lot of them, dose America & France along with all the others lost there AAA give a damn? I bet not.

02-22-13, 08:20 PM	#3
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,525 Downloads: 63 Uploads: 13	That is prcisely my main concern __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

02-23-13, 02:41 AM	#5
BossMark Fleet Admiral Join Date: May 2011 Location: Leeds, West Yorkshire Posts: 15,272 Downloads: 278 Uploads: 0	Well done Gideon bloody marvellous job __________________ Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now

02-23-13, 05:31 AM	#6
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Why worry about it, after all what gives a credit rating agency the right to lord it over any country. After all they all got it wrong back in 2007/8 the corupt sods the lot of them, dose America & France along with all the others lost there AAA give a damn? I bet not. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

02-22-13, 07:46 PM	#2
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Oh, I won't hold my breath about that Jim. This'll just give Osbourne another excuse to screw us over even more.

02-22-13, 09:02 PM	#4
Tribesman Stowaway Posts: n/a Downloads: Uploads:	It just shows that Cameron has no backbone at all. Osbourne has failed to deliver on a single target he set. Even when he revises the targets straight after making their announcement and then revises again and again till the due date comes he still fails to get anywhere near it. Yet still insists that his Plan A is the only way and it will deliver. "Call me Dave" should have kicked that muppet into touch long ago.