UK downgrade pressures reluctant Osborne to change course
LONDON (Reuters) – Britain’s finance minister insisted on Saturday he would not change course after the loss of the country’s ‘AAA’ credit rating but George Osborne is facing pressure to do just that as his bet on austerity falters ahead of the 2015 election. Moody’s dealt Britain its first sovereign rating downgrade on Friday, saying the $2. 5 trillion economy faced years more sluggish growth and debt would continue to rise until 2016. . . .
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