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  Is there anyone left to tell Ossie he is wrong ?
  
  Another blow for George Osborne as Fitch downgrades UK's credit rating
  
  Agency worried by 'weaker economic and fiscal outlook'
  
  George Osborne's dreadful week was capped off tonight when a second credit rating
  
  agency stripped the UK of its AAA rating. Fitch downgraded Britain one notch from
  
  AAA to AA+, citing a "weaker economic and fiscal outlook". The news came as a body
  
  blow to the Chancellor, who asked to be judged on his success in defending Britain's
  
  *************** gold-plated credit rating when he took office in 2010.
  
  Earlier this week the International Monetary Fund downgraded the UK's growth forecast
  
  for 2013 and 2014 more than any other advanced economy. And in a political embarrassment
  
  for Mr Osborne the Fund also advised the Chancellor to consider slowing the pace of his
  
  spending cuts, a course that has long been urged by the Labour Party.
  
  Explaining its decision to downgrade, Fitch said it had acted because it now expects Britain's
  
  gross national debt to peak at above 100 per cent of GDP in 2015-16 and not to start declining
  
  until 2017-18. In his Autumn Statement last year Mr Osborne abandoned the second part of his
  
  self-imposed fiscal mandate, which was to put the national debt on a falling trajectory by the end
  
  of the Parliament.

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