In another piece of good economic news for the coalition, Standard and Poor have taken Britain’s triple A credit rating off negative outlook and returned it to stable. This should help keep the yield that the government has to pay on its gilts down.
The coalition has taken a bold, and I believe correct, judgment on the economy. One has to imagine that the result of the next election is going to be determined by whether or not this judgment is vindicated. Today's, albeit very early, signs are promising for the coalition.