Home
Moody’s reduced Britain’s credit rating from AAA to AA1. George Osborne, the Chancellor of the Exchequer, said: ‘Far from weakening our resolve to deliver our economic recovery plan, this decision redoubles it.’ Sir Mervyn King, the governor of the bank of England, was outvoted on its Monetary Policy Committee when he proposed more quantitative easing in February.

Disagree with half of it, enjoy reading all of it
TRY 3 MONTHS FOR $5
Our magazine articles are for subscribers only. Start your 3-month trial today for just $5 and subscribe to more than one view
Already a subscriber? Log in
Comments
Join the debate for just £1 a month
Be part of the conversation with other Spectator readers by getting your first three months for £3.
UNLOCK ACCESS Just £1 a monthAlready a subscriber? Log in