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Eh, Eh
Topic Started: Feb 23 2013, 03:34 PM (249 Views)
madfor4

..........................Britain was stripped of its AAA-rated debt status for the first time ever on Friday night in a move that puts pressure on George Osborne, who had pledged to use his austerity measures to protect the rating.
The chancellor, who had 12 hours' notice of the decision by Moody's ratings agency, insisted he would stick to his course and had "redoubled" his resolve to tackle Britain's financial problems..................... <thumbs down>

As Einstein once said, "Constantly doing the same thing and expecting a different outcome is a sign of madness"

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caissier
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Obviously, since protection at all costs of the AAA rating was the rationale for his whole economic policy, George Osborne will be considering his position and Cameron will be choosing his replacement. Michael Gove might be a likely candidate.
Edited by caissier, Feb 23 2013, 04:08 PM.
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becky sharp
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madfor4
Feb 23 2013, 03:34 PM
As Einstein once said, "Constantly doing the same thing and expecting a different outcome is a sign of madness"

I thought that was Ed Balls <whistles>


UK Credit Rating: Six Quotes George Osborne Might Live To Regret

May 2009

One year before the election, when the rating agency Standard and Poor's were pondering over the the future of the UK's AAA credit rating, under the Labour chancellor Alistair Darling, Osborne claimed the UK's economic reputation was on the line:

"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".

The Conservative 2010 Election Manifesto

In his party's election manifesto, (which you can read here: pdf) the Tories placed maintaining the credit rating atop their list of economic 'Benchmarks for Britain'.

The pre-amble to these key plans? That "the British people will have eight clear and transparent benchmarks against which they can judge the economic success or failure of the next government. We will be accountable and open."

The manifesto read:

"We will safeguard Britain’s credit rating with a credible plan to eliminate the bulk of the structural deficit over a Parliament..."

December 2011

Taking oral questions before the Commons in December 2011, Osborne defended his economic policy by praising the UK as the only Western economy to improve its credit rating:

"The UK is the only Western country that has seen an improvement in its credit rating in the past 18 months. When this government came to office, the country’s triple A credit rating was on negative watch, which is where it was put by the Labour party. I am delighted that it came off negative watch, but we must stay vigilant. The credit rating agencies have said that an abandonment of our deficit plan would definitely lead to a downgrade of the credit rating."

February 2012

Appearing on BBC Radio 4's Today programme, Osborne took a credit rating warning as a sign that he needed to soldier on with his plans:

"It's yet another reminder Britain doesn't have some easy route out of the economic problems that have accumulated over the past decade, it's got to confront those problems head-on and that's precisely what I intend to do."

July 2012

This July, Osborne hailed Britain's AAA rating as:

"A reminder that despite the economic problems we face, the world has confidence that we are dealing with them".

December 2012

And on Thursday, the chancellor summed up his view on any potential downgrade, telling BBC Breakfast:

"It wouldn't be a good thing but the credit rating is one of a number of ways in which people look at countries".


http://www.huffingtonpost.co.uk/2012/12/06/uk-credit-rating-six-quotes-george-osborne-might-regret_n_2249433.html


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caissier
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Bang to rights, Becky!

George has decided to change his tune ....

http://www.youtube.com/watch?v=bmy02dp12M0

<laugh> talk about brass neck!
Edited by caissier, Feb 23 2013, 04:13 PM.
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becky sharp
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caissier
Feb 23 2013, 04:10 PM
George has decided to change his tune ....

http://www.youtube.com/watch?v=bmy02dp12M0

<laugh> talk about brass neck!
<ok>

I can't believe that he believes what he's saying.... <steam>
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madfor4

.............I can't believe that he believes what he's saying.... <steam> .......

He doesn't; but, as another liar once said, "A lie told often enough becomes the truth."

BTW...He sounds like a dodgy, used car salesman ( 'oily' or what?) <dalek> .............
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