On the only previous occasion S&P dropped the UK's outlook from stable to negative, George Osborne - then the shadow Chancellor - was quick to highlight its significance:
It's now clear that Britain's economic reputation is on the line at the next general election, another reason for bringing the date forward and having that election now.
For the first time since these ratings began in 1978, the outlook for British debt has been downgraded from stable to negative.
The comments are in marked contrast to his recent views on the issue.
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Around 40 events will be staged across the UK today as nurses step up their campaign for the Government to end the cap on public sector pay.
Within the next seven days, we are going to witness some of the most significant change in the British Monarchy for many years.
Prince William is set to complete his final air ambulance pilot shift before taking taking up royal duties full-time.