Post-downgrade Britain: Choose your vicious circle
WHAT will the government do in response to the debt downgrade? George Osborne, the chancellor, has been defiant, saying that
I am absolutely determined to make sure we deal with our problems, to make sure that Britain stays the course, to make sure that it doesn’t take from this credit rating the wrong message which is we should go and borrow a lot more. I’m absolutely clear we’re not going to do that.