Now that’s a downgrade

Labour has been steadily trying to make a mountain out of a moehill over our recent credit downgrade. They might have been listened to if their prescription would make things better but their promises so far have amounted to billions of extra spending and no hope of funding them.

If Labour was in the drivers seat then it is likely that our downgrade would have matched Italy’s:

Moody’s Investors Service has downgraded Italy’s government bond ratings to “A2” with a negative outlook from “Aa2,” the result of high debt, a weak global economy and political uncertainties that delay corrective action.

While the change moves the rating down three notches, it is still investment grade. Moody’s affirmed the short-term ratings at Prime-1.

Moody’s said the size of the rating action is largely driven by the sustained increase in the country’s susceptibility to financial shocks, however, the “A2” rating indicates the risk of default by Italy remains remote.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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