FT.com / World - S&P downgrades UK outlook

A lot Government critics on this Forum frequently compare measures being taken by New Labour to the efforts of our own Government, using the measures of the UK Government as examples how things 'should be done' (e.g cutting VAT, and spending our way out of the recession).

Of course, none of this is ever examined the light of what is actually happening in the UK, where the current Government has borrowed more money than every other UK Government in history combined, there the monthly public sector deficit is now €9bn, where sterling is rapidly heading for toilet paper status, and where unemployment continues a pace.