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


Seen Elsewhere

Britain’s Beheaders | Speccie
‘Underclass’ Is Dave’s Fault | Conservative Women
Civil Liberties/Privacy NGO Hires New CEO | Big Brother Watch
Why I Won’t Join UKIP | Dan Hannan
Who Will Stand Up for the Christians? | Ron Lauder
Labour Swing Extends Deep into Tory Seats | Lord Ashcroft
5 Tips for Tory Moles | LabourList
Time for a Labour Speaker | ConservativeHome
Austin Mitchell Shows Why People Hate Politicians | LabourList
Commons Should Reject Aussie Rules | Telegraph
Galloway Interviewed By Police | Standard


new-advert
Westbourne-Change-Opinion hot-button


Labour MP Austin Mitchell discusses female MPs on Newsnight:

“Are they more leadable? I don’t know, I think they probably are.”



Owen Jones says:

We also need Zil lanes.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,416 other followers