After my earlier post, I thought I might take a look at Bloomberg, and the FT’s Alphaville. Crikey, Bloomberg is reporting that one of the leading ratings agencies is saying,
“The U.K. government needs to reduce the shortfall in its finances earlier than currently planned because the nation’s credit profile has deteriorated “pretty sharply,” Fitch Ratings said.”
Brain Coulton, head of global economics at Fitch Ratings also said,
“The U.K. sovereign credit profile has deteriorated pretty sharply. If we don’t get an improvement in the medium-term outlook in the U.K., there will be cause for concern.”
Forget all the froth about party funding, what matters is the state of the UK economy, and the voters choice of the most credible plan to set it back on the path to recovery.
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