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UK put on negative watch by Moody's (also Spain and Italy downgraded)
Mr_Mumble
Posts: 1,758 Forumite
Austria, France and Britain put on negative watch for their AAA status while Italy, Spain, Portugal, Slovakia, Slovenia and Malta have been downgraded.
FT Alphaville - Moody's vs Europe in full
Don't worry folks, I'm sure Georgey Osborne will keep the yearly £40bn for the EU, IMF and foreign aid intact. :mad:
FT Alphaville - Moody's vs Europe in full
Don't worry folks, I'm sure Georgey Osborne will keep the yearly £40bn for the EU, IMF and foreign aid intact. :mad:
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
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OH, Dear ..... this may not be good ...... nothing to rejoice about here.Bringing Happiness where there is Gloom!0
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I am confused, I thought Ossie's austerity package was supposed to protect our 'AAA' rating?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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The Chancellor's missus may know about his "austerity package" but no-one else has seen it, despite the media's constant talk.*I am confused, I thought Ossie's austerity package was supposed to protect our 'AAA' rating?
*really you could go really low with this 'un, like Stephanie Flanders knows something about the austerity packages of the two Eds but that'd be just horribly uncouth for this upstanding forum, right?
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
We are horribly deep into QE now. The assurance that we can redeem gilts by printing money is wearing thin - how much dare we print before the balloon goes up?
And the markets are starting to realise that austerity doesn't protect their interests when applied to an economy driven by public spending. It only kills the economy."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
I am confused, I thought Ossie's austerity package was supposed to protect our 'AAA' rating?
Beautiful illustration of how Nulabor will react there. It'd be nice to think the party that wants to be in power would be rooting for the economy to improve. We all know that in reality they'd be delighted for it to get even worse (with the accompanying pain for all their voters) so that they could score a few political points a la the above.
Pathetic really.0 -
Yes, the markets are falling over themselves to lend money to the UK because they really really don't want us to borrow any.I am confused, I thought Ossie's austerity package was supposed to protect our 'AAA' rating?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Labour would have lost the AAA ages ago, technically this loss will be have been caused by them anyway.Beautiful illustration of how Nulabor will react there. It'd be nice to think the party that wants to be in power would be rooting for the economy to improve. We all know that in reality they'd be delighted for it to get even worse (with the accompanying pain for all their voters) so that they could score a few political points a la the above.
Pathetic really.
This is going to make debt more expensive (mortgages etc.).0 -
Don't worry folks, I'm sure Georgey Osborne will keep the yearly £40bn for the EU, IMF and foreign aid intact. :mad:
If Cameron gets his way, we'll probably be sending another £10 billion to the IMF.
http://www.ft.com/cms/s/0/d3c0fade-3a01-11e1-a8dc-00144feabdc0.html#axzz1mLHITVmJ0 -
and that dude Conrad from this forum thinks the UK has turned a corner. if only he would deal in hard factsMaidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0
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Labour would have lost the AAA ages ago, technically this loss will be have been caused by them anyway.
This is going to make debt more expensive (mortgages etc.).
Yeah... technically, the bubonic plague and all the other world ills are caused by labour too.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0
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