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.
The decision by the ratings agency Moody's to downgrade the UK's AAA credit rating, is unwelcome news for the Government.
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?
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?