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+--- Thread: UK loses credit rating (/showthread.php?tid=4357)
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UK loses credit rating - uks - 23 February 2013
Down to AA1 what a blow for the government
http://news.sky.com/story/1055827/britains-premium-credit-rating-downgraded
RE: UK loses credit rating - Scythe13 - 23 February 2013
I don't know whether the UK has become less credit worthy, or whether the ratings companies have finally come up to date with what's going on.
I think, the latter.
RE: UK loses credit rating - bigpaul - 23 February 2013
i dont think it will make any difference, especially to govt policy.
RE: UK loses credit rating - Ghost - 23 February 2013
I don't think this will impact the average person, but I could be wrong!
RE: UK loses credit rating - MaryN - 23 February 2013
The main impact would be to increase the cost of Government borrowing, which would increase the debt burden of this country. No immediate impact on the normal person in the street, but longer term the Government might have to put into place further austerity measures to try and reduce the ever-climbing debt.
RE: UK loses credit rating - bigpaul - 23 February 2013
(23 February 2013, 15:07)MaryN Wrote: the Government might have to try and reduce the ever-climbing debt.
well they could always start by reducing their substancial salaries, but i wont hold my breath
RE: UK loses credit rating - MaryN - 23 February 2013
(23 February 2013, 15:12)bigpaul Wrote:(23 February 2013, 15:07)MaryN Wrote: the Government might have to try and reduce the ever-climbing debt.
well they could always start by reducing their substancial salaries, but i wont hold my breath
Fat chance of that!
RE: UK loses credit rating - bigpaul - 23 February 2013
(23 February 2013, 15:25)MaryN Wrote:no cant see it happening.(23 February 2013, 15:12)bigpaul Wrote:(23 February 2013, 15:07)MaryN Wrote: the Government might have to try and reduce the ever-climbing debt.
well they could always start by reducing their substancial salaries, but i wont hold my breath
Fat chance of that!
RE: UK loses credit rating - Highlander - 23 February 2013
Did you know that out of the 30 members of the government 28 of them are millionaires?
RE: UK loses credit rating - MaryN - 23 February 2013
(23 February 2013, 20:50)Highlander Wrote: Did you know that out of the 30 members of the government 28 of them are millionaires?
Now why doesn't that surprise me!