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UK to lose its AAA Credit Rating?
Comments
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Our interest rates dont entirely depend on the AAA rating. the US still borrows for under 2%.
It's all scaremongering imo, the UK wont lose its AAAFaith, hope, charity, these three; but the greatest of these is charity.0 -
Just seen on the CH4 News that this is now at risk.
The UK is the most in debt of all the AAA Rated coutries ..... if we lose this, and then money costs more - well, all bets are off!!
We would be utterly sunk alongside Greece ....... it's a little worrying, even in the bouyant South.
So why do you keep banging on that everything is alright? (Is it because you are a !!!!!! looking for attention?)0 -
Talking of credit cards, I must pay this month's (hefty) bill. I don't want to, but I know that if I don't it will cost me more in the long run. Why didn't those that run the world's finances not adopt the same attitude ?
People don't vote for policies which hurt in the short term but are of benefit in the long term, so politicians don't offer them. People want shiny free stuff and they want it NOW.They are an EYESORES!!!!0 -
Just seen on the CH4 News that this is now at risk.
The UK is the most in debt of all the AAA Rated coutries ..... if we lose this, and then money costs more - well, all bets are off!!
We would be utterly sunk alongside Greece ....... it's a little worrying, even in the bouyant South.
Would you lose the Aston?0 -
Well, no - of course not.
I am very secure .... if I go under then about 99% of the population has gone before me, I don't let little worries like this concern me personally.
But, seeing as I am a very caring individual ... I let people live in my houses, after all ... then I fear for the everyday man in the street, and, will he be able to continue buying my property for me? These are very important questions.Bringing Happiness where there is Gloom!0 -
Pop quiz - does being outside the Euro mean that we can not look to get protection from the European Central bank and any european bail out funds?!
Er, nope.
The bail out funds are EU funds, not eurozone funds - we pay in too, and can theoretically rely on them.
As for the ECB... it entered into swaps with us during the 2008 crises, and has been bailing out british banks like absolute mad ever since 2008.
They lent an absolutely huge amount of money to British financial institutions, it is the only reason our economy didn't go into a depression.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Sure our banks swapped illiquid assets for 'money' at the ECB during the liquidity crunch but I was more talking about govt bonds like the ECB buying up Italian debt to try and stop yields going out of control - would there be any scope for them to do this? similarly Greece, Eire and Portugal had joint EU/IMF bailouts, would the UK qualify for such a bailout or would it be down to the IMF alone for us?Er, nope.
The bail out funds are EU funds, not eurozone funds - we pay in too, and can theoretically rely on them.
As for the ECB... it entered into swaps with us during the 2008 crises, and has been bailing out british banks like absolute mad ever since 2008.
They lent an absolutely huge amount of money to British financial institutions, it is the only reason our economy didn't go into a depression.I think....0 -
The outlook is still stable, isn't it? So if there is a downgrade it won't be for a while yet. From what I read from Fitch yesterday they were impressed by Ozzy's statement.
In any case I'm quite sceptical about these agencies. I'm sure they just look to get themselves in the papers.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Some financial 'wizards' had the answer to your credit card bill dilemma....
Talking of credit cards, I must pay this month's (hefty) bill. I don't want to, but I know that if I don't it will cost me more in the long run. Why didn't those that run the world's finances not adopt the same attitude ?
Take your paper bill, along with millions of others, put them through the super-shredder and then into an amazing machine capable of stitching a bill back together from disparate shreds.
The wizards assure me that a good number of these bills will re-present trailing zeros as leading zeros, and all will be well.
The problem comes when the card providers want to see actual bills, and then alas our game is up !
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Well, no - of course not.
I am very secure .... if I go under then about 99% of the population has gone before me, I don't let little worries like this concern me personally.
But, seeing as I am a very caring individual ... I let people live in my houses, after all ... then I fear for the everyday man in the street, and, will he be able to continue buying my property for me? These are very important questions.
Oh so now you are one of the elite:rotfl::rotfl::rotfl:
Elite, minted, aston martins, buy to lets, top of the range mrs and you just sit on the internet all day talking about a housing boom and saying how good life is:rotfl:
What you doing for mad friday ?0
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