Despite Credit Rating Agencies being about as relevant as my rants on the Z10, the UK got what it deserved.
The UK has been sick for a long time and despite its best intentions in QE and austerity cuts, it has all been rather tame. If the UK wanted to grow it would be doing things differently and faster. Boy George who is way out of his depth has been given a poor report and with an election coming in the near term, the UK is going to be in the doldrums for a while longer.
Of course if GBP moves towards USD parity (one basket case kissing another) the UK will get inflation which is what it really needs to eradicate its debts and invade Australia. Or maybe Australia will get there first and launch a hostile bid for the UK? (fintag).
Shale gas, lower and more simplified taxes (including a money launderers levy), closure of the NHS and free education for all.
Why wearing lycra doesn't pay (bloomberg)
Italy votes for more partying (reuters)
UK to form new trading zone with Greece, Spain and Ireland.