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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British firms predict the economy should sustain a "solid" pace of growth for the rest of the year thanks to lower oil prices and inflation.
A charity has warned of a "pressure cooker environment" in schools putting children's mental health and self-esteem in danger.
The twin brother of the police officer shot and blinded by gunman Raoul Moat says his family are still waiting for justice five years later.