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    (Original post by hazzer1998)
    UK Loses AAA Credit rating
    Still think that brexit was a good idea?
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    (Original post by Aph)
    Still think that brexit was a good idea?
    You think the downgrade is a massive event that means the country is falling apart. Guess the credit rating of China, America, France, Saudi Arabia, Austria, the Netherlands, Belgium, Japan, and other leading nations have?
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    (Original post by banterboy)
    then by your previous argument, it wont be. so your position is contradictory.
    What part is contradictory?
    At the moment everything is on the table and they could try it and if they did it would increase the anti eu sentiment
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    (Original post by Aph)
    Still think that brexit was a good idea?
    It's just a rating that Osborne has heralded as hugely important - the last time we had a downgrade, our borrowing costs moved not a jot.
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    (Original post by Jammy Duel)
    You think the downgrade is a massive event that means the country is falling apart. Guess the credit rating of China, America, France, Saudi Arabia, Austria, the Netherlands, Belgium, Japan, and other leading nations have?
    You missed Germany because that's AAA and as such implied it's AA
    Anyway as I understand it the lower the credit rating teh higher the cost of borrowing.
    (Original post by toronto353)
    It's just a rating that Osborne has heralded as hugely important - the last time we had a downgrade, our borrowing costs moved not a jot.
    When was that?
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    (Original post by Aph)
    You missed Germany because that's AAA and as such implied it's AA
    Anyway as I understand it the lower the credit rating teh higher the cost of borrowing.

    When was that?
    And the cost of borrowihas been in decline since Friday morning. You have to remember that we have never defaulted on sovereign debt and there is no prospect of it happening any time soon, investors know this

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    (Original post by Aph)
    You missed Germany because that's AAA and as such implied it's AA
    Anyway as I understand it the lower the credit rating teh higher the cost of borrowing.

    When was that?
    A while back now with Moodys I believe. In fact, let me quote the analysis of the BBC to you:

    'Other things being equal, a downgrade can mean higher borrowing costs. But this time other things are not equal at all.

    Since the event which led to the downgrade - the referendum - those costs have gone down.

    The risk associated with UK government debt or bonds might in some sense be a little higher than before, but they are still seen as a safe investment compared with other assets.

    In a situation where investors have become more reluctant to hold risky assets they buy safer ones including government bonds and that tends to lower the interest rate the government has to pay when it next goes to the market to borrow.

    And then there is the increased chance that the Bank of England will reduce its own interest rates because of concerns about the economic impact of Brexit. That tends to push government borrowing costs in the same direction.'

    Source here: http://www.bbc.co.uk/news/business-36644934

    The rating is symbolic and, as before, is simply being ignored in favour of our Government bonds which are still a safe investment, especially since we've never defaulted on our debts.
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    (Original post by Jammy Duel)
    And the cost of borrowihas been in decline since Friday morning. You have to remember that we have never defaulted on sovereign debt and there is no prospect of it happening any time soon, investors know this

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    Source?
    According to paddy ashdown the cost of borrowing has gone up 0.5% since the rating drop.
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    What's going on the In the commons ? There Is no speaker but the House is in session and some lord is conducting the proceedings!!!
    What's going on the In the commons ? There Is no speaker but the House is in session and some lord is conducting the proceedings!!!
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    (Original post by Aph)
    Source?
    According to paddy ashdown the cost of borrowing has gone up 0.5% since the rating drop.
    He has no idea what he's talking about, 10year gilt yields are under 1pc for the first time EVER due to brexit, and down 15 basis points today

    http://www.bloomberg.com/markets/rat...nment-bonds/uk

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    (Original post by Aph)
    Source?
    According to paddy ashdown the cost of borrowing has gone up 0.5% since the rating drop.
    Or for the chart of the 10 year

    http://www.bloomberg.com/quote/GUKG10:IND

    Bloomberg is your friend

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    Update will follow the conclusion of the football, hopefully in Iceland's favour.

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    (Original post by Saracen's Fez)
    Update will follow the conclusion of the football, hopefully in Iceland's favour.

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    boo hiss
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    (Original post by Saracen's Fez)
    Update will follow the conclusion of the football, hopefully in Iceland's favour.

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    I do hope that Iceland wins the tournament... Would be really nice for them.
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    (Original post by Saracen's Fez)
    Update will follow the conclusion of the football, hopefully in Iceland's favour.

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    I'm supporting Wales now
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    (Original post by Saracen's Fez)
    Update will follow the conclusion of the football, hopefully in Iceland's favour.

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    Traitor! I shall be having words with Her Majesty about this shameful act of treason
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    Maybe we should ban all future England teams from competing in international footballing competitions
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    (Original post by toronto353)
    Traitor! I shall be having words with Her Majesty about this shameful act of treason
    She's supporting Germany.
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    (Original post by joecphillips)
    She's supporting Germany.
    Not what she told me during our last chinwag
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    https://www.change.org/p/govuk-if-en...edium=copylink
 
 
 
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