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  Economists expect UK to lose AAA credit rating......
  
  
  Economists have predicted that the UK will lose its privileged AAA credit status in 2013, as the country continues to struggle with Chancellor George Osborne's defence of deep spending cuts.
  
  
  According to a number of economists, at least one of the three main credit ratings agencies such as Moody's, Fitch or Standard & Poor's will declare the UK a bigger lending risk in response to Osborne's admission in the autumn statement that austerity will run for at least eight years until 2018, rather than the original five years.
  
  The ongoing slow growth for Britain's economy and bigger borrowing add up to a greater risk that the UK will find 2013 tougher than expected.
  
  All the major forecasters, including the Treasury's own Office for Budget Responsibility (OBR), have downgraded growth in the UK for the coming year. The OBR said in its most recent outlook that growth in 2013 will be 1.2 percent down from the previous prediction of 2 percent.
  
  It is said that unemployment would not significantly decline in Britain until at least 2017.
  
  A reason for the downgrade in economic growth comes from expectations of the lacking in investment spending by businesses. Without investment in new equipment, the economy is likely to be affected over the longer term.
  
  In November, France lost its AAA credit rating to top agency Moody's while the United States has been downgraded by Standard & Poor's since August 2011.
  
  Moody's and Fitch already placed Britain on their "negative outlook" list suggesting it is possible for Britain to lose its triple-A status.

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