Recession Just Bit A Bit Deeper

[ChillDoubt]

...and will continue to do so.

http://news.sky.com/story/1055827/britains-credit-rating-downgraded

As Blackadder would say, I think the phrase rhymes with 'Clucking Bell'.

[Gromit]

// At the 2010 General Election, Mr Osborne’s key “benchmark” against which “the public can judge the success or failure of their Chancellor and their Government over the next Parliament” was to “cut the deficit more quickly to safeguard Britain’s credit rating”. Losing the AAA rating would thus clearly be a political humiliation for the Chancellor. //

The Conservatives need to change Chancellor or they are guaranteed to lose the election.

[ludwig]

Keep it quiet then. I thought you wanted them to lose.

[craft1948]

That'll teach bloody Osbourne for nicking my pensioner's tax relief...........

[Zacs-Master]

Due to lose our AAA rating after next budget too. We're all doooooomed

[Mick-Talbot]

Buy lots of share like them rich people do.

[Zacs-Master]

I ain't got no money to buy no shares8-((

[DangerUXD]

PMSL! dowgraded? Oh yes, that would be by the charlatans that gave Enron a AAA a fortnight before they went down the kazi! Good call! Or Lehamans/Fannie Maye/Freddie mac etc all got AAA just before they caused world financial melt down! Don't panic no one in the financial world gives S&P, Fitch or moodies any credence. That's because they get paid to rate, that means bandit firm A will shop around the 3 until they get AAA.