Wednesday, March 14, 2012

Could this give Osborne Budget problems?

UK could lose coveted AAA rating, warns Fitch

"The credit ratings agency revised the outlook on the UK's rating to negative from stable, warning that the Government has "very limited fiscal space to absorb further adverse economic shocks".Fitch said the "risks and uncertainty" surrounding the Coalition's debt reduction plans were "material". "Fitch cited the eurozone crisis – which "is not resolved and could once more intensify" – and the backdrop "of a still large structural budget deficit and high and rising government debt" as the main drivers".

Posted by alan @ 10:29 PM (895 views)
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