THE DAILY TELEGRAPH: Britain has been threatened with the loss of its AAA credit rating in the most serious challenge yet to the Coalition on the economy.
Moody’s, a ratings agency, last night said the outlook for the UK’s creditworthiness is now negative, warning that weak economic growth threatens Government plans to reduce the deficit.
The “high risk of further shocks” within the eurozone that would hit the UK could also cost Britain its AAA status, the agency said.
The agency’s analysis will electrify the political debate about economic policy, with Labour likely to argue that the Government’s policies are strangling economic growth. » | James Kirkup, Deputy Political Editor | Tuesday, February 14, 2012
