Interesting.
Been on the cards for a while now, and more or less in line with other European nations who have also been hit with same downgrading (France).
Not being an economist, cant say how this will affect UK borrowing too much, but obviously it’s more expensive to do so now.
Still, fingers crossed for the coming quarterly finances, should hopefully show UK avoiding triple-dip recession. International agencies have the UK likely to register around 0.8% growth for 2013, increasing to 2.5% for 2014.
Soooo, hopefully economy just turning around in time for the General Election...