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Quote of the day

Treasury Secretary Danny Alexander on the threat to the UK’s triple A credit rating (from The Herald):

However, Danny Alexander, Chief Secretary to the Treasury, brushed aside the warning, saying he did not regard credit rating agencies “as the be-all and end-all of this”.

He explained: “What matters is the judgment the markets and the people who buy our debt to support our deficit make about the credibility of this country. The test I apply is not what some external organisation is going to say about the UK, but whether we have got the right measures to ensure we continue to have that credibility.”

The people who buy our debt to support our deficit?

Credibility?

We’re doomed.

alexpee

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