U K Credit Downgrade May Be Coming: Moody's

[Realistbear]

http://www.telegraph.co.uk/finance/budget/8395079/Budget-2011-live.html

11.29 More grim news for Osborne as Moody's warns that Britain's AAA sovereign debt rating could be at risk in the wake of yesterday's disappointing growth figures.

The rating agency has backed the Chancellor's efforts to reduce the deficit saying it is "very important to the Aaa rating and stable outlook," but has added:

A downgrade will hike IR for Merv. I still do not believe Merv should or could do anything with IR as a hike will kill the housing market and with that engine of grwoth dead and buried its all over.

[interestrateripoff]

Where's the recovery gone.

Someone had better get on the phone and tell Moody's there's a bloody UK recovery happening right here right now!!!

[man o' the year]

http://www.telegraph.co.uk/finance/budget/8395079/Budget-2011-live.html

11.29 More grim news for Osborne as Moody's warns that Britain's AAA sovereign debt rating could be at risk in the wake of yesterday's disappointing growth figures.

The rating agency has backed the Chancellor's efforts to reduce the deficit saying it is "very important to the Aaa rating and stable outlook," but has added:

A downgrade will hike IR for Merv. I still do not believe Merv should or could do anything with IR as a hike will kill the housing market and with that engine of grwoth dead and buried its all over.

Don't they understand if when growth falters we, the great British public, just have to pay more. We are a bottomless pit after all!

And we have been so shrewd in investing - selling gold to invest in our banks and other countries such as Greece and Eire and soon Portugal too!

[Optobear]

A downgrade will hike IR for Merv. I still do not believe Merv should or could do anything with IR as a hike will kill the housing market and with that engine of grwoth dead and buried its all over.

RB,

that is not very bearish, or are you turning into RealistBull?

Merv should stop interfering with the banking system by not lending money at effectively zero interest to banks. Stop interfering, let the markets decide rates (and the future of banks and saver) and it will work out better for all.

The thing that will hike IR will be a shift by the FEB and ECB. The idea that the MPC can set interest rates independent of the actions of the US and Europe is daft.