With Britain set to miss its debt target, the international ratings agency Fitch warned our top credit rating of AAA could be at risk. But, despite the warning, George Osborne said it wasn't the only measure of a country's financial health.
It wouldn't be a good thing but the credit rating is one of a number of ways in which people look at countries.
Britain may face further cuts and tax rises even after the next elections, the Institute for Fiscal Studies warned today.
While Chancellor George Osborne's Autumn Statement was mainly about spending cuts, there were incentives too but do the numbers add up?
The cap on benefits rises will mean a cut in real terms for people living on welfare and those on low incomes, as Penny Marshall finds out.