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.
Chancellor George Osborne has insisted the Government was delivering on its commitment to tackle the UK's debt problem after ratings agency Moody's downgraded the country's AAA credit rating.
The decision by the ratings agency Moody's to downgrade the UK's AAA credit rating, is unwelcome news for the Government.
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?
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?