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The full story and the fallout from the UK downgrade and the Pound Sterling falling.
UK GDP Growth Grows Beyond Previous Estimate
PUBLISHED: 27 Feb 2013 @ 12:11
The British economy grew more than expected, updated figures from the UK’s Office for National Statistics (ONS) revealed earlier today.
In its report, ONS showed UK’s gross domestic product increased by 0.3% in 2012 instead of the flat growth previously anticipated backed by a rise in output in the construction industry.
Britain not changing course after credit downgrade and sterling falls
PUBLISHED: 25 Feb 2013 @ 23:15
Increasing pressure on UK Chancellor after Moody’s downgrade and sterling concern.
The UK’s senior economics minister George Osborne has said the government will “redouble its efforts” to reduce the country’s debts after rating’s agency Moody’s downgrade the UK from AAA to AA1.
UK downgrade “Largely symbolical”
PUBLISHED: 24 Feb 2013 @ 15:08
Business Secretary Vince Cable cites “positive” economic signs
The downgrading of the UK’s credit rating has been described as “largely symbolic” by Business Secretary Vince Cable.
United Kingdom loses AAA credit rating
PUBLISHED: 22 Feb 2013 @ 23:22
The UK has lost its AAA credit rating following Moody’s downgrade
- 27/02/13- UK GDP Growth Grows Beyond Previous Estimate
- 25/02/13 – Britain not changing course after credit downgrade and sterling falls
- 24/02/13 – UK downgrade “Largely symbolical”
- 22/02/13 – United Kingdom loses AAA credit rating
