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My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.

The ‘Deepwater Horizon’ explosion in the Gulf of Mexico killed 11 workers and injured 16 others

Money mattered more to BP than the people who died, Deepwater Horizon spill trial told

As oil company finally comes to trial over rig disaster, $16bn settlement talks are intensifying

The Sketch: A distinct shortage of AAA metaphors as George Osborne still blames Labour for economic woes

It may be that most of the Tory backbenchers who are really perturbed by George Osborne’s dogged pursuit of Plan A simply failed to turn up for his ritual session in the noisy parliamentary equivalent of the stocks to which Ed Balls subjected him today. But they left the field clear for awe-inspiringly repetitive variations on a theme, that Labour was still exclusively to blame for the trouble we’re in. Including the “humiliation” as Balls put it, of losing a Triple A credit rating the “downgraded” Chancellor had once so prized.

George Osborne was accused of being a “downgraded” Chancellor tonight

Osborne sticks to deficit plan as angry MPs give him a downgrade

George Osborne was accused of being a “downgraded” Chancellor tonight, amid angry scenes in the House of Commons over the loss of Britain’s cherished triple-A credit rating.

City refuses to panic over the loss of UK's AAA credit rating

The City refused to panic over the loss of the UK’s AAA rating today as shares headed higher and sterling avoided a major sell-off.

Britain's loss of prized AAA credit rating hits sterling

Britain's loss of its prized AAA credit rating intensified the pressure on sterling today despite another rally for London's top flight shares index.

Markets set for sterling sell-off after AAA setback for Britain

Analysts expect pound to weaken against dollar and euro in response to Moody's decision

This is an AAA disaster created by George Osborne

The Chancellor's incompetence is clear from the employment figures. Despite all the Coalition's claims to the contrary, young people in particular are suffering needlessly

Chancellor George Osborne who insisted Britain would not

AAA rating will take at least 10 years to regain

As the Chancellor tries to make light of Moody's downgrade, Mark Leftly assesses the fallout

George Osborne in Eastleigh last week

Britain's loss of AAA credit rating a 'humiliating blow' to George Osborne, says Ed Balls

The Chancellor George Osborne has been accused of having suffered a “humiliating blow” after Britain was stripped of its AAA credit rating.

George Osborne denies fiddling the figures

George Osborne denied that the poor were bearing the brunt of austerity as he defended his mini-budget today.

George Osborne with Chief Secretary to the Treasury Danny Alexander yesterday

George Osborne's raid on middle class: 400,000 forced on to 40p income tax rate

Benefits capped, growth forecasts slashed and austerity plans extended to 2018: Chancellor breaks bad news in Autumn Statement

James Moore: Ease off from cuts and let the economy breathe

Outlook It's not only his Banking Commission that's causing Mr Osborne an unexpected migraine. Yesterday's public sector borrowing figures added weight to the view that he's more likely to persuade members of the commission to lie down and have their tummies tickled than he is to meet his public sector borrowing targets.

Market pressure eases on Spain amid bailout hopes

Rising speculation that Spain will soon ask for outside help to keep a lid on its borrowing costs has helped ease the pressure on the country in financial markets.

Britain's credit rating is 'not the be all and end all', says Danny Alexander

Britain's credit rating is “not the be all and end all” Liberal Democrat Chief Secretary to the Treasury Danny Alexander has said.

Global bonds climb despite downgrades

The safety of bonds took a hit 12 months ago. But they have proved an essential part of investors' plans

Voices
On the last day of campaigning before the polling booths open, the SNP leader has written to voters in a final attempt to convince them to vote for independence
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