S&P says UK 'to lose top credit rating'

StevieJ

The greatest piece of self flagellation since Henry ii punished himself after doing away with Thomas a Becket :eek:

The UK is likely to lose its AAA credit rating after it voted to Leave the EU.
Moritz Kramer, chief ratings officer for S&P, said on Friday morning that the UK's AAA rating was "untenable under the circumstances".

http://www.independent.co.uk/news/business/news/sp-says-uk-to-lose-top-credit-rating-after-vote-to-leave-the-eu-reports-a7099581.html

Generali

StevieJ wrote: »

The greatest piece of self flagellation since Henry ii punished himself after doing away with Thomas a Becket :eek:


http://www.independent.co.uk/news/business/news/sp-says-uk-to-lose-top-credit-rating-after-vote-to-leave-the-eu-reports-a7099581.html

It's just Project Fear, right Boris?

Rinoa

The UK hasn't been AAA with either Moody's or Fitch since 2013.

Next.

stator

Anyone who thought we were AAA with £1.7 trillion in debt is clearly delusional.
They are right to cut it, just late.

HornetSaver

stator wrote: »

Anyone who thought we were AAA with £1.7 trillion in debt is clearly delusional.
They are right to cut it, just late.

I'm trying to remember the last time a radical new European political movement attempted to rewrite history on such a large and blatant scale.

And to be honest, I'm struggling. It was probably a few decades before my time.

System

HornetSaver wrote: »

attempted to rewrite history on such a large and blatant scale.

And to be honest, I'm struggling. .

That's because you are too close to the events and too blinkered.
The EU will be a minor blip in the long-term history of the nation-states Europe.