Labour: Downgrade means 'time for plan for growth'
Labour's shadow chief secretary to the Treasury, Rachel Reeves has reacted to Britain's credit rating downgrade by the ratings agency Moody's:
UK credit rating downgraded by Moody's bcs of 'continuing weakness in the UK's medium-term growth outlook'. Time 4 a plan for jobs & growth.
From @RachelReevesMP on Twitter:
Credit rating downgrade is a big blow for Osborne
The decision by the ratings agency Moody's to downgrade the UK's AAA credit rating, is unwelcome news for the Government.
What are credit ratings and why do they matter?
Britain's loss of its triple-A credit rating is grim news for the Chancellor. But why does the marginal downgrading carry such a high price?
Has credit blow downgraded Chancellor's reputation?
George Osborne had set great store by Britain's triple-A badge. But is the loss of the rating a loss of confidence in his policies?