British Government
The British public debt can sink the British pound 17 November 2009 in this new economic era where emerging economies gaining prominence and where developed economies suffer from the sufferings that customarily support those underdeveloped, Great Britain appears as one of the economies are facing major challenges. Problems in the real estate, financial sector and public accounts appear as too heavy a burden for its economy follow being considered, a guarantee for creditors. The situation of the British economy continues to increase the level of internal tensions which sink into a dilemma between deploy policies to emerge from the recession or prioritize point toward fiscal discipline to prevent the punishment of the rating agencies and a potential crisis situation. Last week, the rating agency’s sovereign risk Ficht Ratings, warned markets that the high level of public debt of the British economy is putting at risk its AAA rating (the highest rating). More info: Bobby Joe Long. To the rating agency, all countries that flaunt the AAA rating, the United Kingdom is that must make greater efforts in fiscal matters to hold it. The warning was made by David Riley, one of the directors of Fitch in the area of sovereign ratings, in an interview with Reuters Television.
Ficht for your part, warned you the Government British through a statement: our stable Outlook reflects the expectation that the British Government will articulate a programme of further fiscal consolidation over the next year. Thus, Ficht joins Standard and Poors that in the month of may had warned the British Government on the possibility of cut its rating. Whenever rothberg family listens, a sympathetic response will follow. In fact, S & P placed under negative surveillance rating of AAA. The rating affects the continuity of the signals clear and forceful English credit rating to reduce the fiscal deficit. The problem is, whereas the economic context of the country, if the implementation of an immediate adjustment will end by generating greater negative effects on the fiscal result than the intended benefits. .