Rising government debt threatens UK's AAA rating - Fitch

Ratings agency Fitch has warned the UK's AAA credit rating is under increasing pressure because of growing government debt, which could hit 100% of GDP this year, and the continuing eurozone crisis.

Fitch has affirmed the UK’s coveted credit rating for now, but has maintained the country on a ‘negative outlook’ and expects it will remain so until at least 2014. The nation’s spiraling budget deficit...