Body & Soul1 min ago
Uk's Credit Rating Downgraded By Moody's
http://
Oh dear......."It (Moody's) said leaving the European Union was creating economic uncertainty at a time when the UK's debt reduction plans were already off course"
Oh dear......."It (Moody's) said leaving the European Union was creating economic uncertainty at a time when the UK's debt reduction plans were already off course"
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mikey; //Oh dear......."It (Moody's) said leaving the European Union was creating economic uncertainty at a time when the UK's debt reduction plans were already off course"//
There sounds to be an element of gloating in your quoting of that, and yet may I remind you that the national debt of the UK is, ten years after the crash, still rising by £47 billion a year (or £5,000 by the time you finish reading this sentence)
Yet you would be perfectly happy to allow a clown like John McDonnell to be in charge of the exchequer - what do you think it might look like then?
There sounds to be an element of gloating in your quoting of that, and yet may I remind you that the national debt of the UK is, ten years after the crash, still rising by £47 billion a year (or £5,000 by the time you finish reading this sentence)
Yet you would be perfectly happy to allow a clown like John McDonnell to be in charge of the exchequer - what do you think it might look like then?
Khandro....so, for all these long years of "we are all in this together" and austerity, and pay cuts for millions of people, our national debt is still rising ?
The Tories have been in power for over 7 years, and this is the best that they can do ?
It doesn't look OK for the next 5 years then does it ?
The Tories have been in power for over 7 years, and this is the best that they can do ?
It doesn't look OK for the next 5 years then does it ?
Danny....yes, more than happy ( been shopping)
From the link above :::::
"Credit rating agencies, in essence, rate a country on the strength of its economy - scoring governments or large companies on how likely they are to pay back their debt.
A rating downgrade can affect how much it costs governments to borrow money in the international financial markets.
In theory, a high credit rating means a lower interest rate, and vice versa"
From the link above :::::
"Credit rating agencies, in essence, rate a country on the strength of its economy - scoring governments or large companies on how likely they are to pay back their debt.
A rating downgrade can affect how much it costs governments to borrow money in the international financial markets.
In theory, a high credit rating means a lower interest rate, and vice versa"
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