UK’s loss of AAA rating starting to look inevitable

Britain will be downgraded if the budget deficit rises because of weak growth. And it will be downgraded if the government shows any sign of backsliding on its commitment to austerity. The message for George Osborne from the rating agency S&P was that he is damned if he does and damned if he doesn’t…

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UK’s loss of AAA rating starting to look inevitable

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