Month: February 2013

Well the inevitable happened finally. Yesterday Moody’s downgraded Britain’s Triple AAA credit rating. In 2010 Chancellor George Osborne made it the measure with which him and his Prime Minister should be judged. They embarked on an ideological crusade of cuts as they imposed the most draconian austerity measures in modern times. They insisted that this would balance the budget within four years and bring prosperity back to Britain. George became the darling of an international…