February 14th, 2012

Moodys tell us what could move the rating down…

“… weak growth in Europe — and reduced political commitment to fiscal consolidation, including discretionary fiscal loosening…”


6 Comments

  1. 1
    Anonymous says:

    Time for George to cut much faster and cut much deeper.

    Like

  2. 2
    Up sh1t creek says:

    We’ve had faaaaar too much loosening as it is, we don’t need more of this economy destroying quantitative easing. QE has NEVER worked in Germany, Japan, Brazil, Argentina, USA….. the UK is NOT a special case – it DOES NOT WORK.

    Sayonara UK economy.

    Like

    • 5
      Pundit Too says:

      Only in Britain would a representative of Saga make a case for reduced pensions for existing pensioners, but come to the studio sporting a deep winter tan.

      Like

  3. 3
    Pundit Too says:

    Balls Up is on BBC Toady Programme this morning advocating his alternative 5 point(less) plan. Expect more of this idiot on the airwaves.
    Obviously the stasi in the BBC have not given him up as the architect of Britain’s financial downfall, and have conveniently forgotten that if Labour had won the last election with Ball’s Up as Chancellor, then we certainly would have been hugely downgraded by all 3 ratings agencies.
    Simply getting rid of Thompson is not going to quell the BBC 3rd column in our country. We need a nuclear Guy Falkes to rid us of these pesky politicians and start with some new (hopefully untainted) blood.

    Like

  4. 4
    Moonies to moodys says:

    Can’t cam and oz jus tell them to go f*ck themselves?

    Like

  5. 6
    Fish says:

    The primary driver underlying Moody’s decision to change the outlook on the UK’s Aaa rating to negative is the weaker macroeconomic environment, which will challenge the government’s efforts to place its debt burden on a downward trajectory over the coming years…

    …Moody’s expects the UK’s debt to peak later, and at a higher level, than in most other Aaa-rated countries…

    …the government has a reduced capacity to absorb further abrupt economic or fiscal deterioration without incurring a further slippage in its consolidation timetable…

    …The UK’s outstanding debt places it amongst the most heavily indebted of its Aaa-rated peers…

    Just some of the other comments from Moody’s which the BBC seem to have ignored and in which Balls is in complete denial.

    Growth was always going to be constrained by the sheer enourmaty of our debt mountain and the out of control deficit. The BBC, Stephanie Flanders and her chums seem to be unable to provide the context for the actions that the Govt is having to take.

    This isn’t just another economic crisis – it is a crisis that we have not seen for generations and it is going to go on hurting for a long time – at least as long as it took Brown and Balls and Cooper to get us in this mess – and dont forget, they started to run up deficits in 2004 and mortgaged the British people, long before the so called banking crisis hit.

    It didn’t start in America – it started in Downing Street. Balls and his friend Brown should be in prison.

    Like


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Knifed former civil service chief Bob Kerslake on his recent troubles:

“Many thks for kind wishes following back opn. Incision measured 16cm. A pretty big knife in the back! Photos on request.”



TJ says:

And i’ve noticed that 100% of Guido Fawkes staff are men. Looks like Guido has a woman problem. Or is it an hypocrisy problem?


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