Britain's AAA rating under review for first time in 30 years

Telegraph
"In a decision which sent shivers through the currency, gilt and stock markets, Standard & Poor's (S&P) announced that it had put Britain's AAA rating onto "outlook negative". The decision comes only a day after the International Monetary Fund warned that the Treasury needs to cut debt faster than promised in the Budget."
----------------
The FTSE 100 closed down 2.7pc on Thursday as investors reeled from rating agency Standard and Poor’s downgrading its outlook for the UK.