UK's credit rating at risk after George Osborne's debt failure

After the Office for Budget Responsibility issued a stark assessment of the public finances, Fitch, an international ratings agency, said it will review Britain's status next year and suggested a downgrade is now more likely, the Telegraph reports. The OBR cut its predictions for UK economic growth again and said that even after a five-year Parliament of spending cuts and tax rises, the Government will still be borrowing one in every ten pounds it spends. The Government's debt - the total stock of its borrowing - will not fall as a share of the economy until 2016/17, the OBR said. ...