Triple A rating “ours to lose”: King
The governor of the Bank of England on Wednesday looked to soothe investors' concerns over the safety of Britain's triple A sovereign rating.
In an Inflation Report press conference dominated by questions on government debt, Mervyn King, the governor, moved to allay fears of an imminent downgrade of British sovereign bonds.
The governor acknowledged the UK's sizable fiscal deficit needed to be eradicated, but said: "We're in a strong position, and [the AAA rating] ours to lose." He added that he
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