In a second swipe at the UK in as many days, Pimco, the American investment group, said there is an “80pc” chance of Britain losing its AAA-rating if the Government does not move swiftly. Scott Mather, head of global portfolio management, told Dow Jones Newswires that the current debt reduction plan “is lacking in conviction and lacking in details”.
Pimco warn of ‘80pc’ chance of UK rating downgrade
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