AAA credit rating 'still at risk'

AOL Money Staff
George Osborne
George Osborne

Britain's prized AAA credit rating remains under "significant pressure", the Fitch rating agency has warned.

David Riley, the head of global sovereign ratings at the agency, said Chancellor George Osborne's admission in last month's autumn statement that he would miss his 2016 target date for public debt to start falling had been a "negative event" for the UK.