Moody's building
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Moody's doubts over UK triple-A credit rating

Chancellor George Osborne has defended continued spending cuts following a warning that the country's top credit rating may be downgraded.

Ratings agency Moody's put the UK on "negative outlook" due to the risks to its growth from the eurozone crisis.

Labour said the concerns showed the government should ease off on austerity measures because they were "sacrificing" growth and jobs.

Stephanie Flanders reports..

  • 14 Feb 2012
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