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.
Osborne vows to stick with economic strategy
George Osborne has vowed to stick to his economic strategy despite Britain being stripped of its prized AAA credit rating.
The Chancellor struck a defiant note after Moody's downgraded the country to AA1 - warning that sluggish growth would continue for years.
Political Correspondent Carl Dinnen reports:
-
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?