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Moody's downgrades UK credit rating.


statsman

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Feb 25, 2011
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Moody's Downgrade UK

A breaking story on the WSJ; Moody's downgrade the UK to AA1. This has never happened before, not even on Black Friday. In my view, a very serious turn of events for us all.

Business News & Financial News - The Wall Street Journal - Wsj.com

Well, that's what they get for joining the Euro.

Seriously, is this the final end for Cameron and his government?
 

Spanner Island

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Feb 22, 2011
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Breaking news this, announced on BBC News at 10. UK loses its AAA rating. Now AA1.

We might see euro-pound parity within weeks.
Expect w*nkers like Ed Balls to make hay as if he and his cretinous colleagues had nothing to do with the predicament Britain is in...

Labour in Britain are as bad as the eFFing traitors are here... total hypocrites...

Peter Hitchens spelled it out nicely on Question Time last night...

Britain has lived beyond its means for decades and now it's time to pay the piper...

And Britain is far from the only culprit...

What we are witnessing is the start of a long decline of the western world and it's going to go on for years and probably decades yet...
 

Astral Peaks

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"Broadly in line with expectations"?

I wonder if this will have any effect on the bye-election?

Tories losing that anyway, but will the Lib Dems take a hit from this too?
 

Astral Peaks

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"Broadly in line with expectations"?

I wonder if this will have any effect on the bye-election?

Tories losing that anyway, but will the Lib Dems take a hit from this too?
 
Joined
Jun 9, 2007
Messages
19,084
Expect w*nkers like Ed Balls to make hay as if he and his cretinous colleagues had nothing to do with the predicament Britain is in...

Labour in Britain are as bad as the eFFing traitors are here... total hypocrites...

Peter Hitchens spelled it out nicely on Question Time last night...

Britain has lived beyond its means for decades and now it's time to pay the piper...

And Britain is far from the only culprit...

What we are witnessing is the start of a long decline of the western world and it's going to go on for years and probably decades yet...
Indeed you are right - Labour were an unmitigated disaster. Though that doesn't excuplate the coalition for the wrong-headedness of their uber-austerity approach, which doesn't work. But yes, it sticks in the craw to see Labour politicians attempting to take the moral high ground.
 

odlum

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The British are late to the party. We are in line for upgrades as they being downgraded. Ironic.
 

Astral Peaks

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Faisal Islam from CH4 News on the Twitter machine:

all Darling and Brown managed was a negative outlook from one credit rating agency. Now we have 1 actual downgrade plus 2 -ve outlooks
 

neiphin

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The British are late to the party. We are in line for upgrades as they being downgraded. Ironic.
not necessarily a good thing
the brits gave paddy a hand out a few years ago because our economy was so important to them
theirs is way more important to us
 

odlum

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Rating agencies are not really reflective of reality, they create their own reality.
Increased borrowing costs is going to be an issue for Osborne after this. UK gilt yields will rise somewhat on Monday and it will be watched with interest the impact it has next week.
 

neiphin

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Rating agencies are not really reflective of reality, they create their own reality.
they do, and they have pushed the nuclear button
 

Astral Peaks

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More Twitter stuf...

BBC Newsnight‏@BBCNewsnight
FT assistant editor Gillian Tett: #AAA downgrade is politically embarrassing for George Osborne but markets not surprised
So, "broadly in line with expectations" then, eh?
 
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