The announcement by Standard and Poors that it might, in four years or so, downgrade the UK’s credit rating from AAA to AA, has brought forth predictable hysteria from the usual suspects.
But this doesn’t mean that the UK is currently in a worse financial situation than most comparable economies. Our debt to GDP level is currently lower than that [...]
Read the complete post at http://flipchartfairytales.wordpress.com/2009/05/22/its-politics-not-economics-that-threatens-our-aaa-rating/
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22 May 2009 2:33 PM
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Flip Chart Fairy Tales
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