A Good Credit Rating

Well, as so many have already blogged, our credit rating is off negative watch.

I remember well in the 90’s, the increase in our credit rating was the first good sign. Once our credit rating improved, our cost of debt (which was huge) reduced and thus started a virtuous circle.

Eventually, that turned into the prosperity of the 2000’s – which Labour squandered.

Luckily, not too badly and it looks like careful management of the government books will be all that’s needed to keep things ticking along.

Well, let’s hope so.

Update: Phil In just said on Closeup that we should be training more apprentices while so many are being fired.

Is it just me, or is that completely the reverse of the law of supply and demand?

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