Tag Archives: uk downgrade

Stacy Summary:   Be careful what you wish for Mike/Liverpool!  The S & P downgrade doesn’t even mention the fact that North Sea oil revenue will continue falling.   Okay, what are your thoughts?  Do you agree that S & P is hardly credible after rating subprime AAA?  The the UK will grow its way out of debt?  Or is the UK toast along with all the other speculator nations?  

• UK’s AAA rating under threat as S & P downgrades outlook 

• S & P gives 1 in 3 chance that UK will lose its AAA rating

• Pound plunges on threat of downgrade