Saturday, 23 February 2013

exchequer

Lashing out again with a stolid critique of how the kindness of governments to business is less than optimal, like a cornered viper—old and tired but still wanting to show it can strike, one of the credit-rating agencies has stripped the UK of its top-shelf status, over ballooning sovereign debts that are edging to three-quarters of national output. I suppose it is on some level responsible to try and check borrowing and incurring more liabilities with such denouncements but relatively, a lot of economies—though not the physical, functional marketplace (should there be one) necessarily, are in the same boat and Aaα may just be the new top credit score.