Tuesday July 14, 2020

Bullish Osborne insists investors back his plans despite Britain's downgrade

Chancellor of the Exchequer denies loss of Britain's top credit rating is a negative reflection on his policies.

25th February, 2013
British Chancellor of the Exchequer George Osborne: “This government’s economic policy is tested day in and day out in the markets".

The British Chancellor of the Exchequer George Osborne has said investors have backed his fiscal and economic plans as he cast aside concerns about his policy after Britain lost its top credit rating.

“We have not seen excessive volatility in markets,” Osborne said in London today after Moody’s Investors Service cut Britain to Aa1 from Aaa. “This government’s economic policy is tested day in and day out in the markets and it’s not been found...

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