Economy: UK keeps its triple-A rating but is it enough

15th March 2011

According to reports in The Telegraph Fitch Ratings praised the Coalition Government's "strong budgetary consolidation effort"

It added: "The UK's 'AAA' rating  remain underpinned by its high value-added, wealthy and flexible economy; strong financial flexibility underpinned by a deep government bond market and the British pound's continuing status as a 'reserve currency', as well as political and social stability."

The reports following the downgrading of the Spanish economy by the ratings agency Moody's by one notch to Aa2,

On the Telegraph comment boards readers were skeptical

geronimo said: "Ireland had a AAA rating too! Smoke and mirrors."

jeremiah added: "Let's pretend"

Jedibeeftrix said: " 'The UK's 'AAA' ratings remain underpinned by its high value-added, wealthy and flexible economy; strong financial flexibility underpinned by a deep government bond market and the British pound's continuing status as a 'reserve currency', as well as political and social stability,' " Thank you Coalition Government.

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