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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Health Minister Steve Brine called for a possible investigation by the Competition and Markets Authority.
Fulham will play next season in the Premier League after they beat Aston Villa 1-0 in the Championship playoff final at Wembley Stadium.
Temperatures up with sunshine and thunderstorms