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its not like we weren't warned we would be hit financially, and our rating wont improve anytime in the mid term.

What that rating means is that we will have to pay higher interest on the loans that the uk has, which means we will have less money available to fund public services.

We went from an environment where we had a large safety blanket of the EU to being on our own, so don't expect the rating to be a blip, its a lot more permanent than that and we can only hope that we don't get further downgraded. I would imagine the extra interest payments we now have to make are not far off what we pay in contribution to the EU ... so we are significantly worse off while in the transition period.