Osborne pledge after UK’s credit rating downgraded

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Chancellor George Osborne today refused to admit he had failed in his commitment to protect Britain’s credit rating.

In the wake of Moody’s cutting the UK’s credit rating one notch to AA1, Mr Osborne insisted that the country’s credibility was intact.

Asked if he had broken his commitment to protect Britain’s credit rating, he said: “I’ve consistently argued that Britain has a debt and deficit problem, that we’ve got to tackle that head on, that we’ve got to take tough measures to do that, and I think people understand that.

 

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