The UK economy was stripped of its triple AAA credit rating by Moody’s, after they decided to downgrade it by one notch to Aa1.
The decision was taken due to the perceived continuing weakness in medium term growth, Moody’s now expect the sluggish recovery to now carry on into the second half of the decade.
Due to the lack of growth, the austere fiscal path that the Conservative-Liberal coalition has taken, generally supported by Moody’s, is als...
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