Home > Laughable Lib Dems, Terrible Tories > Was Iain Dale right on the economy?

Was Iain Dale right on the economy?

Iain Dale’s predictions for 2010, 29 December 2009:

Britain will lose its AAA credit status.

Reuters, 17 August 2010:

Moody’s Investors Service said on Tuesday the top AAA ratings of the United States, Great Britain, France and Germany are well positioned but face new challenges that increase the possibility of a downgrade.

The “distance to downgrade” for these four sovereigns has been reduced, the credit rating agency said in a statement, meaning their credit quality within that top category is declining.

So Iain Dale may end up being correct with his prediction, just not the way he thought. 

The key message? Labour left the country ‘well positioned’ post-crisis, but the Tories’ economically illiterate austerity programme is endangering our credit rating.

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  1. August 24, 2010 at 7:50 pm | #1

    hear hear – what a twist there, crucial point is not the way Dale was thinking

  2. Barney Stannard
    August 28, 2010 at 10:07 pm | #2

    It’s amazing the respect you have for the CRAs Paul.

  1. August 24, 2010 at 5:13 pm | #1
  2. August 25, 2010 at 11:53 am | #2
  3. August 30, 2010 at 10:13 am | #3

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