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.
Ed Balls: Osborne has 'choked off the recovery'
Shadow chancellor Ed Balls has said that the Chancellor needs to "change direction" after Britain's credit rating was downgraded from the top AAA rating by the Moody's credit agency.
He told ITV News, George Osborne's plan is not working: "He's choked off the recovery, borrowing's up, families are suffering and even the credit agencies are now saying it's failed".
-
Credit rating downgrade is a big blow for Osborne
The decision by the ratings agency Moody's to downgrade the UK's AAA credit rating, is unwelcome news for the Government.
-
What are credit ratings and why do they matter?
Britain's loss of its triple-A credit rating is grim news for the Chancellor. But why does the marginal downgrading carry such a high price?
-
Has credit blow downgraded Chancellor's reputation?
George Osborne had set great store by Britain's triple-A badge. But is the loss of the rating a loss of confidence in his policies?