Britain loses its AAA Credit Rating
 

Downgraded by Moody's to AA1.

http://www.bbc.co.uk/news/business-21554311

Re: Britain loses it's AAA Credit Rating
 

To be honest i was expecting this and i am shocked it took them so long to do it.

Re: Britain loses it's AAA Credit Rating
 

Same here. This mess is far from over IMHO, we've got years of trouble ahead, it's just a case of how many.

Re: Britain loses it's AAA Credit Rating
 

Not suprised its been on the horizon to be honest said that osbourne was too paraniod to keep it. Rating agents bunch of baffoons anyway you would be fool to listen to them. Gave AAA rating to the sub prime market in usa before they crashed.:rolleyes: Think they need seriously regulated they got alot answer for the way they conduct themselves during crisis.

I am wondering surely time the minimum wage has to be raised even if we do it as short term measure. USA planning this at present.

http://truth-out.org/news/item/14672...oesnt-think-so

Surely if its done sensibly protect the small businesses who likely wont be able to raise it. We either can give economy that important nudge a little stimulus or real in the tax credit little.

Re: Britain loses it's AAA Credit Rating
 

Yep. Perhaps this will give the government a kick up the backside to push to get us back on track.

Re: Britain loses it's AAA Credit Rating
 

Probably at least 5 years and maybe a few years on top of that one fears.

Re: Britain loses it's AAA Credit Rating
 

Indeed:(

Re: Britain loses it's AAA Credit Rating
 

I think we have one ways to create a turnaround. Apart from raising minimum wage we need to create investment bank. Set the interest rate say 7%. Either use RBS or use BOE though would watch them like hawk give them mandate to put the money to Good investment strategies. Lend money in right areas to improve the country position not waist it on bad investments.

So not put in housing, stocks, hedge funds but into proper businesses into manufacturing strategies and research & development possibly too. Even possible maybe into apprenticeships too in areas where we got skills shortage create pool skilled labour. Investments for entrepreneurs to set up small businesses. Aim to get country foothold in manufacturing and reduce its over reliance one sector. One area we need to grasp with big hands the possibilities that Graphine can bring to worlds marketplace. Such as its ability of being superconductor. We would be fool to let the oportunity missed.

Osbourne got lots options to turn it around ways to be creative get us moving forward. Which will setup the country be world leader. He just not creative or imaginative.

Re: Britain loses it's AAA Credit Rating
 

What makes me laugh is that Ed Balls is having a go at the chancellor over this,.

He and his idiotic mates in Labour have no right lecturing anyone about the financial state of this country. Labour has a short memory and should read the history books about who put this country in the state in the first place.

Re: Britain loses it's AAA Credit Rating
 

Seriously ?????
He's got some balls that bloke

Re: Britain loses it's AAA Credit Rating
 

The banks, moody's, standard and Poor yes labour, conservative and coalition guilty of all sorts different failures. From bailing the banks out not letting them drown in the brown stuff they created.

Yes there is guilty things from the last government why they heck did they not throttle banks with regulation protect us.

De-regulating our banks been suicedal move.

Why was the money not used in infrastructure, R&D, boost manufacturing industries. Hell coalition and conservatives before equally guilty in allowing our money being put into projects which sap the country. Protected wages and stopped the leaching money to the tiny few. Not one government kept control standard living allowed housing market run out of control. With sense of hope market forces would kept it under control. We allowed infrastructure to be owned by foreign companies then can bleed us dry.

Too much money ended in causing false housing bubble, In the stock investment markets and hedge funds to buy out companies. All in own right bad but over last 30 years or so combined made things Very very Toxic to UKPLC health. Our housing bubble is one of most toxic things which only time hit us hard.

Not one group to blame they ALL ARE.

We reaping of years of terrible leadership we still got idiots who not doing things right.

incidently look at these deficiet figures. Deficiet doubled from 2008 ring bell what happened. Those toxic sub prime markets blew up came to roost. Like said labour not soul ones to be blamed everyone off them are. Rating agents have to be investigated what role they played in it.

Laughable news moody downgraded standard and poor. So we got war between themselves.

http://www.guardian.co.uk/news/datab...zoomed-picture

Re: Britain loses it's AAA Credit Rating
 

You're right Labour cocked it all up. :( But years later down the line and the Tories, in spite of austerity, are still cocking it all up. :mad:

Maybe things will improve after George gives all of his millionaire mates their tax rebate. :rolleyes: I think not.

If only we had somebody who had a clue to take over as Chancellor. George is looking like a one trick pony who has run the course but seems to have fallen at Beechers. :D

It's over time for a change Vote UKIP!!!

Re: Britain loses it's AAA Credit Rating
 

I still can't get my head round the fact that despite banging on about all these 'years of austerity' and 'clawing back of benefits etc' to get us on track

yet we still just give away 6+ BILLION pounds each year on Foreign aid

Is it just me, or have I lost the plot

Re: Britain loses it's AAA Credit Rating
 

:clap: Gets my vote :)

Re: Britain loses it's AAA Credit Rating
 

That's a small drop in the ocean, for what all Uk tax payers lose over a life time in the money taken from us under banner of taxes & then spent on other things that the government won't even discuss with public Eg; propping up the fraudulent financial money markets & then making us the tax payer pay the markets debts in the name of keeping our jobs. Most of the money the government says we owe doesn't even exist so the debt is void hence we the tax payer have no outstanding debt from years gone by. No one that has large public standing hasn't asked that question yet & got an answer straight back... they never will with a corrupt government.

toonlight