The UK’s Triple A Rating under Threat ?

Telegraph Live - Euro: Reports that Credit Agency Moody’s has warned that the UK could face a credit rating downgrade if the economy gets worse. As things are likely to get worse before they get better folks the UK should expect the worse, the public sector cuts by the Coalition Government have not really started yet, thus one can expect an increase in those unemployed and thus an increase in welfare spending. If and it’s a big IF the Euro goes badly next year, the UK economy could retract that could mean that the UK could lose its credit rating, this would mean that the UK would have to pay more on its bonds to raise cash from the market. Its going to get cold folks.