Mean, Moody’s, Magnificent: UK Government Debt Undergoes Historic Downgrade!

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1 Comment

Filed under Economics, Finance, Politics

One response to “Mean, Moody’s, Magnificent: UK Government Debt Undergoes Historic Downgrade!

  1. I think we only clung on to the AAA up to this point because the government gave the impression that it would not shirk taking on the economy despite the discomfort to the country. However its turned out that they don’t really know what to do, and what they’ve been doing so far has been pretty useless. My guess is that the Conservatives would have been looking for the opportunity to take advantage of an ‘emergency’ situation to push through reforms and legislation that would not otherwise have been possible, and so strategically there were some long term gains to be made by the 1% in the continuing crisis. However the sheer complexity of events and lots of distractions and inexperience means that little has been achieved by the coalition so far; and so the AAA was lost….

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