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Thread: UK's AAA credit rating confirmed by S&P

  1. #11
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    Re: UK's AAA credit rating confirmed by S&P

    Quote Originally Posted by washunut View Post
    what did they do?
    Pretty much nothing. They have been in power for about a year and a half and they are still at record deficits and record monthly lending and their unemployment is rising. Their whole "austerity" plans have either not hit yet, or have been watered down. So far the Cameron government is much about talk but not much action. S&P has seriously dropped the ball again.. the UK should be downgrade and not just one notch.
    PeteEU

  2. #12
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    Re: UK's AAA credit rating confirmed by S&P

    Quote Originally Posted by gunner View Post
    We have embarked on a package of cuts to those parts of our society that normally get most affected, in times of hardship. The 'Public sector workers' such as, Teachers-Police- Health workers. In addition to this, there's an overhall of the 'benefits system' such as, Incapacity-Disability-Housing benefit.
    They have made some drastic Military cutbacks such as, scrapping various Naval vessels-the Harrier Jump jets- and personnel from all three arms of the British forces.

    What has yet to take affect, is the net result of the above, then would perhaps be the most appropriate time to comment.....

    Paul
    Exactly.. "yet to take effect"... over 1 and a half years after taking power...

    And dont forget their great "savings" on defence... the UK will have no aircraft carrier for a few years, and then when they finally do get the new aircraft carriers .. no planes to fly off them. Oh and they are still spending billions on nuclear defence...
    PeteEU

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