“Fineco Worldwide”– UK AAA Credit Rating Is Vulnerable.

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<h1>“Fineco Worldwide”– UK AAA Credit Rating Is Vulnerable.</h1><strong> Author: <a href='http://www.articleseen.com/profile_perfectpr.aspx'>perfectpr</a></strong><br /><p>Fineco Worldwide believes that the UK’s AAA rating is far from being safe despite endorsement from the likes of Standard & Poor’s and Moody’s on the country’s austerity measures which aim to reduce the budget deficit by £80bn by 2015. “No other country in the G20 has a greater household debt burden that the UK and no other country paid out as high a percentage of its GDP to bail out its banking sector as did the UK,” said a credit analyst at “Fineco Worldwide”. The threat to Britain’s AAA rating will most likely come from the anemic economic growth that is expected to turn negative next quarter. A cut to Britain's top-notch rating would be highly damaging, costing the country its safe-haven status, increasing the price of debt for the Government, and potentially slowing the recovery further. The growing consensus is that without sufficient economic growth, the government will be unable to raise enough in tax revenue to be able to shrink the deficit. “That’s definitely what we believe,” said Mr James Taylor, Senior vice president mergers & acquisitions at “Fineco Worldwide”. The austerity measures which will see some 300,000 public sector jobs disappear and £30bn of tax hikes imposed on an already struggling economy will likely stifle growth to the point where Standard & Poor’s and Moody’s may well revoke the AAA rating that Britain has enjoyed for so long. “Fineco Worldwide” have maintained their bearish outlook on the UK economy since the financial crisis of 2007. _________________________________________________________ Perfect PR is a multi- dimensional, multi location and multi function agency catering to the clients needs in various fields, including print and electronic media- Media Conferences, Events, Theme Parties, Dealers Meet, Product Launch, Media visits, News Releases, Seminars, Interactive Interviews and Media Monitoring etc. Perfect PR helps business concerns understand how, when and where to make their presence felt, so that their strengths are realized to their fullest potential. In short, our approach proves effective in developing the brand equity of our clients in key domains, such as the media, government, the world of business and finance, and the final consumer. We have retained both patronage and confidence of our esteemed clients. </p><strong>About the Author:</strong><br />http://www.fineco-worldwide.net<p> Article Source: <a href='http://www.articleseen.com/Article_“Fineco-Worldwide”–-UK-AAA-Credit-Rating-Is-Vulnerable_81249.aspx'> http://www.articleseen.com/Article_“Fineco Worldwide”– UK AAA Credit Rating Is Vulnerable._81249.aspx</a></p>

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Keywords : Fineco Worldwide, FinecoWorldwide, Fineco,

Category : Finance : Credit