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The UK downgrade will come as little surprise to many. It does not appear to be occurring because the UK is cutting its deficit too far and too fast.

John Redwood
Cutting, Doe, Littles
"UK growth depends on tax rates that people are prepared to pay" by John Redwood, www.theguardian.com. July 18, 2012.
The UK downgrade will come as little surprise to many. It does not appear to be occurring because the UK is cutting its deficit too far and too fast.