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Fitch: U K To Retain A A A Rating As Recovereh Is Locked In

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http://www.bloomberg.com/news/2010-10-20/fitch-says-u-k-spending-reductions-are-consistent-with-aaa-credit-rating.html

Fitch Says U.K. Spending Reductions Are Consistent With AAA Credit Rating
By Jennifer "Jenny" Ryan - Oct 20, 2010 5:03 PM GMT
The U.K. government’s Comprehensive Spending Review, announced today by Chancellor of the Exchequer George Osborne, is consistent with a top AAA rating, Fitch Ratings said in a statement today.
The review “enhances the credibility of the U.K. budget reduction plan,” the statement said. “Despite the pace of fiscal consolidation, Fitch expects the U.K. economic recovery to continue,

If half a milion job cuts and most of the defense budget etc are not going to impact the economy we musty have one helluva strong economy--even stronger than China's to absorb that kind of damage and not feel it. Could it be a miracle economy I wonder?

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Well, If I was Cameron, I would be rubbing the Labour noses in the AAA rating at the next available opportunity. All part of the show.

Its no miracle. Send more foreign aid to Fitch ok?

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Well, If I was Cameron, I would be rubbing the Labour noses in the AAA rating at the next available opportunity. All part of the show.

Its no miracle. Send more foreign aid to Fitch ok?

Yep. I smell dodgy handshakes and lots of Dinners at the Ivy.

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http://www.bloomberg.com/news/2010-10-20/fitch-says-u-k-spending-reductions-are-consistent-with-aaa-credit-rating.html

Fitch Says U.K. Spending Reductions Are Consistent With AAA Credit Rating
By Jennifer "Jenny" Ryan - Oct 20, 2010 5:03 PM GMT
The U.K. government’s Comprehensive Spending Review, announced today by Chancellor of the Exchequer George Osborne, is consistent with a top AAA rating, Fitch Ratings said in a statement today.
The review “enhances the credibility of the U.K. budget reduction plan,” the statement said. “Despite the pace of fiscal consolidation, Fitch expects the U.K. economic recovery to continue,

If half a milion job cuts and most of the defense budget etc are not going to impact the economy we musty have one helluva strong economy--even stronger than China's to absorb that kind of damage and not feel it. Could it be a miracle economy I wonder?

Are you trying to turn hpc.co.uk into DailyMash part deux?

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http://www.bloomberg.com/news/2010-10-20/fitch-says-u-k-spending-reductions-are-consistent-with-aaa-credit-rating.html

Fitch Says U.K. Spending Reductions Are Consistent With AAA Credit Rating
By Jennifer "Jenny" Ryan - Oct 20, 2010 5:03 PM GMT
The U.K. government’s Comprehensive Spending Review, announced today by Chancellor of the Exchequer George Osborne, is consistent with a top AAA rating, Fitch Ratings said in a statement today.
The review “enhances the credibility of the U.K. budget reduction plan,” the statement said. “Despite the pace of fiscal consolidation, Fitch expects the U.K. economic recovery to continue,

If half a milion job cuts and most of the defense budget etc are not going to impact the economy we musty have one helluva strong economy--even stronger than China's to absorb that kind of damage and not feel it. Could it be a miracle economy I wonder?

I'm guessing you'd have preferred they borrow another £100bn or so to keep everyone in non-jobs?

Would have been nice for gold ramping of course; that couldn't explain your irritation with the spending cuts could it?

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  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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