UK's credit rating downgraded
Britain's credit rating has been downgraded from the top AAA rating to AA1 by the Moody's credit rating agency.
Britain's credit rating has been downgraded from the top AAA rating to AA1 by the Moody's credit rating agency.
George Osborne insisted Britain would not "run away" from its problems after Moody's downgraded the country's AAA credit rating.
The Chancellor said the Government would address the UK's debt problems "head-on":
The decision by the ratings agency Moody's to downgrade the UK's AAA credit rating, is unwelcome news for the Government.
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