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Well this is a salutary reminder1 as to why Britain needs to deal with the enormous debts and deficit2 we inherited why we've got stick to the plans. It should be a wakeup call to anyone who thinks we can afford the country to loosen p we can't afford to do that. That's now why we know unfenced giveaways in next 3 budget.
But Fitch remember is one of 3 major credit agency the other 2 being S & P and Moody's and is following on from Moody's lead in the way by giving the UK this negative outlook. And it is not good news ahead of the budget. It does give the opposition3 some more fodder4 next week next Wen. when Johns presents that budget.They already had some to go on today with the unemployment figures out showing the unemployment is rising. But what the government will say though it backs up George a 's plan to stick to plan A to reduce the fiscal5 deficit and Fitch goes into that statement by saying it judges the government's fiscal consulatation plans to be credible6 reflecting the strong political commitment and institutional capacity.
I think what it might mean is that the budget is still being drawn7 up we know that 3 briefings has not been fianlized yet. There will be a meeting of what known as c at the end of week . That is the chance of Prime Minister from the conservative side within coalition8 of chief secratary to the treasury9 Daniel Alexander and * from the n from the other side of coalition from the liberal democrat10.
So what they might be minded not to do now is produce some sort of big giveaways if you like and stick more tightly to trying to reduce the deficit . It means though that within next 2 years , there is about 50% chance that the UK could be downgraded but the government will say it is still on the right track .
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1 reminder | |
n.提醒物,纪念品;暗示,提示 | |
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2 deficit | |
n.亏空,亏损;赤字,逆差 | |
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3 opposition | |
n.反对,敌对 | |
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4 fodder | |
n.草料;炮灰 | |
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5 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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6 credible | |
adj.可信任的,可靠的 | |
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7 drawn | |
v.拖,拉,拔出;adj.憔悴的,紧张的 | |
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8 coalition | |
n.结合体,同盟,结合,联合 | |
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9 treasury | |
n.宝库;国库,金库;文库 | |
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10 democrat | |
n.民主主义者,民主人士;民主党党员 | |
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