10
December
UK still faces rating risk – Osborne
10 December 2009 Yahoo News
Britain is still in danger of losing its triple-A credit rating and the Conservatives would make protecting it a priority if elected next year, Shadow Chancellor George Osborne said.
In an interview with Reuters on Thursday, Osborne also said most of the Conservatives' deficit reduction measures would come from spending restraint.
Chancellor Alistair Darling announced tax rises and a levy on bank bonuses to help plug the government's gaping deficit, but there was little in the way of spending cuts, raising concerns about the near-term debt outlook.
