Jump to content

Politics


Christmas Tree
 Share

Recommended Posts

"The main driver underpinning Moody's decision to downgrade the UK's government bond rating to AA1 is the increasing clarity that, despite considerable structural economic strengths, the UK's economic growth will remain sluggish over the next few years due to the anticipated slow growth of the global economy and the drag on the UK economy," Moody's said.

 

Osbourne's response is both predictable and worrying.

 

"Far from weakening our resolve to deliver our economic recovery plan, this decision redoubles it," he added. "We will go on delivering the plan that has cut the deficit by a quarter."

Edited by ewerk
Link to comment
Share on other sites

"The main driver underpinning Moody's decision to downgrade the UK's government bond rating to AA1 is the increasing clarity that, despite considerable structural economic strengths, the UK's economic growth will remain sluggish over the next few years due to the anticipated slow growth of the global economy and the drag on the UK economy," Moody's said.

 

Osbourne's response is both predictable and worrying.

 

"Far from weakening our resolve to deliver our economic recovery plan, this decision redoubles it," he added. "We will go on delivering the plan that has cut the deficit by a quarter."

 

If they are blaming it on the global economy surely it would be foolish to throw lots of borrowed money at it and try and swim against the tide.

Link to comment
Share on other sites

 

 

If they are blaming it on the global economy surely it would be foolish to throw lots of borrowed money at it and try and swim against the tide.

 

They're also blaming the goverment's attempt at deleveraging.

Link to comment
Share on other sites

You cant have it both ways old chap. The rating agency you quote is basically saying its not our fault.

a. Giddy's already got his sums wrong, he's already borrowing more than he said he'd have to.

 

b. the rating downgrade will make borrowing the money he said he wouldn't need 2 years ago (see a. above) more expensive.

 

c. He's paid not to fuck up like this, he's the fuckin chancellor. 3 years in this is his gig. He knows what he took on and knew the euro zone was a basket case. His job was to steer a course through it. He's got it ludicrously wrong because he's ideologically driven to sack both dinner ladies and squaddies putting their lives on the line un Afghanistan whilst at the same time paying lip service to reform of the tossers in the city who caused the whole fuckin mess in the first place. He's a piece of work this fucker.

Edited by PaddockLad
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.