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Fitch warns it may cut UK sovereign credit rating
Mr_Mumble
Posts: 1,758 Forumite
Oh dear...
Fitch warns it may cut UK sovereign credit rating
(Reuters) - Fitch Ratings on Friday warned it may cut the United Kingdom's AAA sovereign foreign currency credit rating, citing higher-than-expected government debt levels and downward revisions in its economic growth forecasts.
Fitch placed the rating on review for possible downgrade and said it saw a heightened possibility of a downgrade. A decision on the rating level is due by the end of April, Fitch said in a statement.
The review comes hard on the heels of the government's annual budget, which halved Britain's growth forecast for this year and raised borrowing projections.
"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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They'd be silly not to considering the facts, do you think that it will have much impact on the economy?0
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No Growth = No AAA rating.
It really is that simple.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
They'd be silly not to considering the facts, do you think that it will have much impact on the economy?
Doubt it will have any effect on the economy, on it's own."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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