S&P has also put the Bank of England's own AAA rating on negative watch. That has got to hurt.
The Treasury says that Standard & Poor's endorse the Government’s "strong commitment to implementing the fiscal mandate".
But they won't like this from S&P: "The Government's efforts over next few years to engineer planned correction in the UK's accounts will likely drag on growth."
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Charlie Gard's parents have been given until noon on Thursday to reach an agreement with doctors on arrangements for his death.
In a series of tweets, the US president says transgender people will not allowed or accepted to serve their country 'in any capacity'.
The chancellor - having won the argument within Cabinet - has told ITV News he is targeting a swift start to talks on the interim deal.