Spending Cuts and Tax Hike Will Secure Uk's Aaa Rating ; Agency Says Government has to Act

Western Mail › September 10, 2009

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Summary

PUBLIC spending cuts and tax hikes after the next election should enable the UK to hang on to its gold-plated triple A credit rating, a leading agency said yesterday.

Moody's said it assumed an adjustment to Britain's public finances would keep it from toppling from the top-rated threshold.

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Spending Cuts and Tax Hike Will Secure Uk's Aaa Rating ; Agency Says Government has to Act

But the agency warned the UK's ballooning gross public debt meant it had lost "some altitude" in the triple A category and would need to "severely adjust" fiscal policy even in an unlikel...

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