Credit rating
Fitch downgrades UK credit rating
Fitch’s announcement that it is downgrading the UK’s credit rating to AA+ isn’t as politically explosive as the downgrade from Moody’s in February, as it was inevitable that once one… Continue reading
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AAA credit rating: George Osborne gives Labour a (revisionist) history lesson
George Osborne was playing historian today as he responded to Ed Balls’ urgent question on the credit rating downgrade, charting Labour’s role in the UK’s loss of the AAA rating;… Continue reading
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Will the UK keep its AA1 rating until 2015?
Labour has been granted an urgent question in the Commons on the loss of the AAA credit rating this afternoon, and we can expect George Osborne to reiterate his comments… Continue reading
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AAA loss is politically difficult for Osborne
The United Kingdom’s triple A rating is now lost with one credit rating agency, Moody’s. This is a politically difficult moment for George Osborne. Back in February 2010, he set… Continue reading
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Why Britain lost its AAA rating
Even the pessimistic analysts had given Britain until September to lose its AAA rating. That it has happened now, before the Budget, shows just how fast things are moving. Moody’s… Continue reading
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In a preview of David Cameron’s 2013, Europe dominates his New Year interview
David Cameron’s New Year interview on Marr was dominated not by the economy but by Europe. In a sign of what the promise of a speech setting out his European… Continue reading
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Citi: Osborne “no longer has credible plans” to tackle debt
Britain will lose its AAA rating within 18 months because George Osborne ‘no longer has credible plans to put the debt/GDP ratio on a stable or declining path’ according to… Continue reading
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If Britain loses its AAA rating, Osborne will lose one of his key attack lines
George Osborne’s admission that he will not meet his target to have debt as a percentage of GDP falling by 2015/16 has serious consequences for one of his central messages.… Continue reading
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Danny Alexander: Triple A rating isn’t the be-all and end-all
‘I am proud to be part of a UK government that has re-established our country’s financial credibility. And the credit rating agencies rate the UK as triple A. The low… Continue reading
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Osborne seizes on S&P ratings relief
You’d think that after the bad economic news of the past week, George Osborne might have reverted to submarine mode as soon as he possibly could, moving quietly under the… Continue reading
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Egan-Jones cuts UK credit rating
Even as the Queen’s Diamond Jubilee BBC Concert rocked on outside Buckingham Palace (amid the slightly worrying news that the Duke of Edinburgh is in hospital), some bad economic news… Continue reading
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Your guide to Osborne’s fiscal rules
George Osborne’s two fiscal rules have been around since his very first Budget, delivered almost two years ago, so they’re hardly news. But they do underpin much of what he’s done… Continue reading
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Post-Moody’s, King backs Osborne
Moody’s doubts might not be making much difference to the actual economy, but they could make a good deal of difference to the political battle being waged over it. George… Continue reading
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Inflation falls as the VAT rise drops out
Late last year, the Tory party’s brains trust found that the inflation numbers corresponded directly to whether or not people thought that the economy was on the right track. When… Continue reading
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A warning for Osborne and his economic agenda
Why did Moody’s downgrade Britain to AAA with a negative outlook, but leave other countries on AAA? One crucial factor is the scale of our debt increase: 60 per cent… Continue reading
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Labour’s plan would have cost us our AAA rating
For Ed Balls this morning, there is only one conclusion to be drawn from the news about our credit rating: ‘A change of course is needed.’ But to what? Balls… Continue reading
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Moody’s puts UK’s AAA rating on negative outlook
‘It’s now clear that Britain’s economic reputation is on the line at the next general election, another reason for bringing the date forward and having that election now … For… Continue reading
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S&P to downgrade France and Austria
The word is that France will be downgraded by Standard and Poor’s tonight. AFP is reporting that French officials expect France to drop to a AA+ rating, losing its treasured… Continue reading
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France downgraded
France is set to lose its AAA-rating with Standard & Poor’s later tonight, according to Reuters. We’ll have more on this soon.
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