A- for George

Many people far more knowledgeable than me have commented on the recent downgrading of the UK’s credit rating from AAA to AA1 – this however is not going to stop me adding my tuppenth worth. It’s just one agency but it is a warning shot across the bows the policy being pursued by the current Government isn’t working, we’re borrowing more and there’s no growth- this is not how you reduce dept. The only way anyone reduces debt is to spend less and stop borrowing, apparently this does in fact also apply to Governments despite what various pundits have claimed … Continue reading