Re: Moody's rating agency places UK on negative outlook
....and there was I thinking that the UK was benefitting from some special treatment from US ratings agencies. Our AAA rating was the result of some form of insidious transatlantic bias/favouritism and therefore guaranteed in spite of the extremely harsh realities we're facing in terms of our own debt mountain and exposure to various EU hotspots.
The truth is that unless HMG delivers on its plans and promises our AAA rating will go the same way as so many others. Anyone who doesn't believe that will happen or thinks the ratings agencies have an interest in propping up UK PLC needs to wake up and smell the coffee.
Same Old Liebour: Failed on the economy, failed on the banks, failed on market regulation, failed on immigration, failed on energy policy, failed on Europe & indebted the nation to PFI...