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Britain’s prized AAA credit rating under ‘significant pressure’; review in March
Britain’s prized AAA credit rating remains under “significant pressure”, the Fitch rating agency warned this week. David Riley, the head of global sovereign ratings at the agency, said Chancellor George Osborne’s admission in last month’s autumn statement that he would miss his 2016 target date for public debt to start falling had been a “negative event” for the UK. Read full article
Comments
Disclaimer & comment rulesNice one George!!!!
Jan 17th, 2013 - 07:07 am - Link - Report abuse 0You and all of your coalition f**kwitts can give yourselves a big pat on the back.
All those cuts, All that pain, All that misery for what??
This government is a bunch of useless, spineless, wife-swapping, self congratulating retards.
Can't deliver on their promises, can't get laid in a brothel, can't save the AAA credit rating. That was, of course, what it was all about anyway wasn't it?
and yet, thanks to our ineffective chancellor, this will soon be flushed down the toilet as well.
Thanks a lot..................... Clowns
I will save the Argies the bother,erm here goes. Engleese pirates are finished ja ja ja jaaaaaaaa
Jan 17th, 2013 - 08:07 am - Link - Report abuse 0toooldtodieyoung
Jan 17th, 2013 - 01:34 pm - Link - Report abuse 0No government could have done much better.
Back in 1997 UK gov debt was 40% of GDP. Brown/Blair dynamic duo then went gaga throwing money at everything. They left it at 80%. Without civil unrest it would be impossible to turn that around.
I have said this before on here, the UK (and European public) is not ready and does not understand the real depth of cuts that would have to be made to return to a fiscally sustainable position.
They've done very well to even keep it this long. It's easy to just “blame the government” but they were left in this mess and have done quite a lot to sort it out.
Jan 17th, 2013 - 05:45 pm - Link - Report abuse 0No doubt the argie bloggers will relish this news,
Jan 17th, 2013 - 08:05 pm - Link - Report abuse 0But as long as theirs is zero zero zero minus, we have nothing to worry about,
As for this stupid brain dead government,
Yes they are trying, but once again just like the other ex=government called labour,
It’s always the poor that suffer whilst the bloody rich get richer,
And he still want to give our money to other countries,
Now nearly 12 billion, when will they learn,
And the 30 odd billion we give to their EURO Masters,
We need
Out of the euro gravy train,
Stop overseas aid,
Stop the rich getting richer,
More investment in
Our ship yards, steel , roads , railways , Defence ,
And a new government perhaps [ ukip]
mmmmmmmmmmmmm
.
4 Zethee
Jan 17th, 2013 - 09:19 pm - Link - Report abuse 0who should we blame?
Someone has to be accountable the mess that this country is in. Someone's policies put this country in the toilet and someone else's pulled the “Flush”
Are you suggesting that the “government” isn't to blame for this? Are you saying that the government didn't do this, that someone else, somewhere else did this?
In my ( inexperienced ) opinion the government ( Labour ) ruined this country and then the government ( The Coalition ) continue to drag it deeper into the mire. There is no one else to blame.......
6
Jan 17th, 2013 - 10:02 pm - Link - Report abuse 0The electorate are as much to blame as government. The electorate would never accept the cuts required to balance the books. Any governments proposing cuts anywhere near what is required would be annihilated, hence the government can only tinker around at the edges implementing the meager cuts proposed in their manifesto.
@7
Jan 18th, 2013 - 06:18 pm - Link - Report abuse 0You are correct. Successive governments will squeeze the middle as it makes least noise. Neither will squeeze either end.
So the richest companies and individuals will continue to avoid their share of taxation.
There will continue to be an enormous “benefits culture” where those who don't work have a lifestyle similar to those that do.
As Margaret Thatcher said, socialism works until you run out of somebody else's money. Gordon Brown not only ran out of somebody else's money, he took out a massive mortgage on it. Now those same people have to pay it off.
And still the rich avoid tax, and the scroungers take their benefits.
uk is FINISHE! Why waste time on her.....
Jan 19th, 2013 - 01:48 am - Link - Report abuse 0http://www.youtube.com/watch?v=XbLfje8_jgI
AHAHAHAHA poor deluded ex empire
Malvinero, r u high tonight? if UK is finish, as u say, what about us (Argentina)?
Jan 20th, 2013 - 04:26 am - Link - Report abuse 08
Jan 21st, 2013 - 02:17 pm - Link - Report abuse 0I like the Thatcher quote, I hadn't heard that one before. It is so true.
It is true that you say “the rich avoid tax, and the scroungers take their benefits”, but the middle (who decide the outcome of elections) still have unrealistic expectations of the level of public services that the country can afford, effectively forcing the government to spend too much.
Europe is shrinking only slightly, but as the rest of the world grows (3-4% / year), it's the relative diminishing that is more important. I would like to see some real political leadership. The PM should talk some home truths and say, look, we're FUBARed, we can turn it around with hard work and cross party political consensus. Then they could start by reducing generous holiday allowance of 25 - 30 days per year to 10-15 days a year like most of us have here in the developing world :)
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