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George Osborne: More Dangerous Than a Credit Downgrade

Scriptonite Daily | 23.02.2013 14:53 | Analysis | Public sector cuts | Social Struggles | London | World

It was announced today that credit ratings agency Moody’s has downgraded the UK government’s credit worthiness from AAA to Aa1. This in the same week that Chancellor George Osborne was forced to admit that both the national debt and the deficit of the UK are up as borrowing this year is on the rise. Whatever damage done to UK fortunes by the credit downgrade, surely the greater peril lies in leaving this discredited chancellor in charge of the nation’s finances.



Read full article here:  http://scriptonitedaily.wordpress.com/2013/02/23/george-osborne-more-dangerous-than-a-credit-rating-downgrade/

Scriptonite Daily
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