More bad news for George Osborne
One news story that seems to have been missed during the Jubilee celebrations was the news that Rating agency Egan-Jones cut the credit rating for the United Kingdom on Monday to AA-minus with a negative outlook from AA. Despite all their recent problems, the one thing that George Osborne and the rest of the coalition have been able to say is our credit rating has been maintained, thanks to their stewardship. Whilst Egan-Jones isn’t a major player, If the three…