Tuesday 26 October 2010

George's Osborne's economic recovery plan for Britain gets double boost

Telegraph
"The UK grew by 0.8pc in the three months to September, according to the first estimate from the Office for National Statistics (ONS), double the rate at which economists were expecting. In another dose of good news, Standard & Poor’s reaffirmed the UK’s AAA credit rating and raised its outlook from "negative" to “stable”.

S&P, which now joins Fitch and Moody’s in placing the UK on its safest rating possible, credited the spending review for the decision, saying: “The decisions reached by the UK Coalition ... reduce risks to the Government’s implementation of its June 2010 fiscal consolidation programme,” S&P said. "

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