Quote:
Originally Posted by StumpyPete
You need to do a bit more research - that statement is wrong. The UK is still rated AAA which is the highest rating possible. The negative rating is simply a statement that they see it reducing in the future. There is no implication that the UK cannot pay its bills.
You also have very little understanding of the UK economy - Banking is the only place where the government has taken a substantial equity stake -Letting RBS and HBOS go under would've meant many thousands of entreprenurial businesses would've gone to the wall through lack of funding, and would've screwed the free market economy in this country.
Even with this hundreds of businesses are folding every week and not being propped up by "socialist endeavours" so the UK government is allowing industries to have necessary reduction.
So I politely suggest you research a topic a bit better next time before using it to support your ridiculous ideas.
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Very simply, UK outspent GDP...problem pressed by socialist spending philosophies, and confirmed by a negative rating.
So why was the UK given a negative rating? Love to hear the rational for that since you imply it has zero interpretation on liquidity.
Some of my favs:
stop the bailouts
YouTube - Daniel Hannan MEP: The devalued Prime Minister of a devalued Government 
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Last edited by Wagner; 05-21-2009 at 04:22 PM.
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