George Osborne has said Moody's message is "explicit" to carry on with austerity.
He says "we can either abandon our efforts to deal with debts" or we can "redouble our efforts" and make a brighter future for our children.
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The Syrian city of Raqqa has been liberated from Islamic State militants, a senior commander for a US-backed force has said.
Paranoid schizophrenic Jeffrey Barry stabbed Kamil Ahmad before removing his penis in the attack at his flat in Bristol last year.
The latest addition to the royal family will be a younger brother or sister for Prince George and Princess Charlotte.