UK most likely to lose credit rating - papers

The warning, which coincides with news that the biggest devaluation in the pound since the 1930s has failed to stem the rising trade deficit, is the latest blow for the UK's economic credibility. David Riley, Fitch's co-head of global sovereign ratings, says record levels of Government debt meant that unless the next Government makes serious efforts to bring spending under control and reduce that debt, Britain could lose its AAA rating. "It's clear that the UK's ability to sustain large public fiscal deficits and a level of public debt without driving up interest rates and without put...