Moody's has cut Britain's debt rating from the top-grade AAA to AA1
 

This has been on SkyNewsHD for 25mins
http://news.sky.com/story/1055827/br...ing-downgraded
SkyNews Number 1 in breaking news

Bloated BBCNews has a repeat film review
has only just gone on the ticker - Feck the BBC News


This was predicted due to the
slower markets and pound get lower,
But nothing is changing in Policy
we are Full Steam Ahead on Cuts
after New Labours Brown
sold all our Gold of dirt cheap - the Fecker
13 years of Stupid New Labour and PPI stuck on Hospitals


Well Done To ITVNews who have it on
BBC 10PM News - not yet

It has happened to the USA too, it was very widely expected, also though it would seem these ratings haven't the prestige they used to have.

The opposition will likely have a field day but in reality,this would have certainly, in my view, happened had they been the Govt and likely a lot sooner than now too.

Yes Very True

Agree with this, it's largely just symbolic now rather than having any meaningful consequences

triple A - my ??? - George will take a "wham"
 

triple A - my ASS - George will take a "Wham" 23.02.13

we are loosing,
the latest loss will cripple,
we may signed away our "rights",
but now has gone our rating "A" triple.
yes its a blow for "George",
i am now not talking about the one in "wham",
mr Osbourne has got pressure,
going up by the "ton" and not the "gram".
it should be more expensive now,
for when we borrow,
but according to the man on the "BBC",
this pain won't make us wallow.
we have heard the need,
for the " triple A" to protect,
all opposition are criticizing,
saying the recovery road is not correct.
next month its difficult,
the plan on delivery is harder,
while other country race ahead,
they have a "full" and we have a "empty" larder.
down graded by "Moody's",
this is no "Jesus to a child",
the UK needs a bit of "faith",
but has "George's" loss, sent you wild.


( if i could hand deliver this to GM i would - do you think the loss of the triple A rating is going to effect the uk ? )

http://www.thisisbigbrother.com/foru...d.php?t=221495

Can a Good Mod Merge this offender
to the One Thread we have above

So What ! Big Deal ,who cares.......These rating agencies are private companies following whatever agenda makes them the most money. They are for the main unecessary and merely act as a distraction by trying to influence commerce by "awarding" credit ratings.

Thankfully now this has started to be realised by the rest of the business world and as such countries that have had their credit rating downgraded recently for no real reason have not suffered any serious repercussions.

It looks very much like the power of these agencies is finally starting to wane and they are being seen for what they actually are ...........irrelevant !!!!

Funny how they are only irrelevant when the rating goes down...

The reason it happened in the US was because of the right wing threats to shut down the government over the self induced debt ceiling crisis.

I agree it would probably have happened with labour in power, but I don't think the strangulation of the economy with austerity and anti-growth policies have helped.

A sane progressive party, spending money on infrastructure and getting money into the people at the bottom so they can spend it, would have been more successful dealing with this.

The debt is absolutely no issue at all, and it doesn't need to be tackled in the short/medium term. Growth is the problem, and you don't grow by saving money. It's absolutely basic economics, and if the right wing media wasn't so adept at lying, then more people would be aware of this fact.

If the right wing didn't have the media in it's pockets. Reputation preservation now means political spin is done so fast no **** ever sticks for long....
This government are hellbent on accruing as much wealth to the big 6 and other areas where they have fat fingers in pies, they don't give a toss about communities.... The only big society they care about is the self preservation society.