The UK government has refused to reveal whether the National Security Council approved or discussed China's investment in a proposed £24.5 billion nuclear power plant in the UK, Hinkley Point C, citing “national security.”
The strategy of slashing budget deficits amid sluggish economic growth has been questioned by the International Monetary Fund and swathes of economists worldwide. But Brits will likely face austerity irrespective of who wins May’s general election.
Excessive negative press can indirectly affect ratings, Ben Aris, Editor in Chief of Business New Europe told RT. Russia’s downgrade doesn’t reflect instability, just as 2008 proved a triple A Fitch rating doesn’t necessarily guarantee economic stability.
The international ratings agency has knocked Russia’s credit rating down a peg, while warning that ‘growth may not return until 2017,’ as the national economy struggles amid sanctions and tumbling oil prices.