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Greek crisis: the world would be a better place without credit rating agencies

What is the point of the credit rating agencies? Greece is only the latest example of how badly they trail events. Only now has Standard & Poor's recognised the near certainty of some form of...

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The AAA downgrade may benefit Britain

In many ways, last night's ratings downgrade by Moodys was helpful. As Iain Martin writes, it represents a personal embarrassment for a Chancellor who has staked his all on his credibility with the...

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Labour is responsible for AA Britain

Sadly, Britain deserves to lose its AAA rating. The Moody's downgrade is the delayed fallout from Gordon's Brown fiscal bubble. Whether he believed his own propaganda or was just steering state...

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