Fitch Downgrades United Kingdom to ‘AA+’; Outlook Stable
– Under Fitch’s baseline economic and fiscal scenario, which assumes a continued policy commitment to reducing the underlying budget deficit and medium-term annual growth potential of 2%-2.25%, government debt gradually falls as a share of national income in the latter half of the decade. – The long average maturity of public debt (15 years) – the longest of any high-grade sovereign -exclusively denominated in local currency and low interest service burden implies a higher level of debt tolerance than many high-grade peers. – The international reserve currency status of sterling and the ability and willingness of the Bank of England to intervene in the UK government debt market largely eliminates the risk of a self-fulfilling fiscal financing crisis. – The gradual improvement in the UK banking sector’s capital and liquidity position has further reduced contingent liabilities arising from this sector. The UK’s ‘AA+’ rating is underpinned by its high-income, diversified and flexible economy as well as a high degree of political and social stability. The monetary policy framework as well as sterling’s international reserve currency status afford the UK a high degree of financial and economic policy flexibility. Strong civil and policy institutions and a high degree of transparency enhance the predictability of the business and economic policy environment that compares favourably with peers in the ‘AA’ category. Weak economic performance and growth prospects, relatively high levels of private and foreign as well as public debt, along with sizeable twin fiscal and current account deficits, are weaknesses relative to rating peers. RATING SENSITIVITIES The Stable Outlook indicates a less than 50% chance of a change in the UK sovereign ratings over the next two years. The main factors that could lead to a negative rating action, individually or collectively, are: – Failure to stabilise the government debt to GDP ratio over the medium term. – Increased threat to macro-financial stability, for example arising from an intensification of the eurozone crisis or an erosion of confidence in the UK’s policy commitment to price stability.
United Kingdom: Bonnie Tyler to receive a BASCA award
We have a full Softpedia review for GTA V that offers more information on the core mechanics, the interesting three main characters and the complex world that the team has created for the virtual Los Santos. For the week that ended on September 21, Pro Evolution Soccer 2014, the simulation created by Konami, is in second place performing well during its own debut week. You can also check out a PES 2014 review , complete with information on the core mechanics and the performance of the new Fox Engine. Third place in the chart has been captured by The Last of Us, the Naughty Dog title that has made a remarkable comeback after its May launch, according to data from UKIE . Saints Row 4, the game that has dominated the United Kingdom chart for the past four weeks, is in fourth place and continues to perform well after the launch of its latest downloadable content packs. Tom Clancys Splinter Cell: Blacklist has also dropped one place when compared to the previous seven-day period and sits in fifth, while Minecraft on the Xbox 360 is in the same place that it occupied previously. Diablo 3 for the PlayStation 3 and the Xbox 360 is in seventh place this week, seeing a big drop from third, and Disney Infinity is in eight. Aliens: Colonial Marines, a game widely criticized when it launched earlier in the year, is in ninth place, while the United Kingdom top ten is closed down by the High Definition remix of Kingdom Hearts 1.5 from SEGA. LEGO Batman and LEGO The Lord of the Rings are out of the chart. FILED UNDER:
GTA V Beats PES 2014 in the United Kingdom
Friday, Sept. 27, 2013 “Being Maci” To Air in United Kingdom! By Dan Clarendon Courtesy WetPaint.com Living in the good ol’ U-S-of-A has its fair share of perks, but first on the list? Having access to all of MTV’s brand spankin’ new shows, including Maci Bookout ‘s recent catch-up special, Being Maci! This former Teen Mom is a huge fan-favorite, and her posse of followers got a chance to see what she’s been up to during the hour-long show. Tragically, Maci’s friends across the pond (aka in the United Kingdom) haven’t been able to touch base with this feisty ginger until now! Being Maci is officially coming to MTV UK, and the British blokes couldn’t be more thrilled! Not only will they get a chance to check in on Maci as she balances being the world’s best mom with partying up a storm, they’ll get to see how much her relationship with Ryan Edwards has developed. These former lovebirds used to loathe each other with the passion of a thousands gingers, but times have definitely changed and they could barely keep their hands off each other during Being Maci! As far as we know, this one-off special is only being shown in the UK for now but it’s only a matter of time before Maci Bookout and her adorable son take over Europe, and after that, it’s just a mere matter of days until world domination. Who knows, if Being Maci does as well in the Motherland as it did in the US, Maci could be looking at her very own series! Be there, or be square.
The pop icon represented the United Kingdom at the Eurovision Song Contest this year with Believe in Me. Born in Skewen, South Wales she has released over sixteen studio albums. Her biggest successes include the album Faster Than The Speed Of Night in 1983, which included multi-platinum selling power ballads Total Eclipse Of The Heart and Holding Out For A Hero. Simon Darlow, Chairman of BASCA commented -I love the Gold Badge Awards! They are warmly given to those who contribute so much, often behind the scenes, to make our business so successful. It’s an honour and a pleasure for BASCA to give these awards in celebration of their achievements. Robert Ashcroft, Chief Executive of PRS for Music said :The Gold Badge Awards celebrate those from across the business, who through their professional endeavours, benefit the work of songwriters and composers. Film production, art work, industry and legal support to management and performance all have a crucial part to play in keeping British music on a global stage. The recipients this year are all worthy winners and Im delighted we have the chance to celebrate and recognise their contribution. Stay tuned to esctoday.com for more news and information on Bonnie Tyler and the Eurovision Song Contest . About the author Robin Scott I attended my first Eurovision Song Contest in 1995, and from 1996 presented daily live reports for radio stations from the event. Since then I have been providing material from everywhere the contest has been held. I also enjoy compiling most of the video materials for three UK ESC events each year. In 2010 I first provided material for esctoday.com.