Former Deputy Prime Minister John Prescott has accused Chancellor George Osborne of "trashing the UK."
Writing in the Sunday Mirror, Prescott said:
The Bullingdon Club used to smash up restaurants for fun.
Osborne and Cameron are trashing the UK with the most reckless and idiotic act of economic vandalism this country has ever seen.
This is a Chancellor who’s been downgraded from rubbish to absolutely useless.
If Cameron can’t get rid of him it’s because his fingerprints are all over this failed plan.
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?