Downing Street Says » Econony and Banks

» Thursday, January 28, 2010

Econony and Banks

Asked for a view on Standard and Poor’s comments regarding the credit rating of the banking sector in the UK, the PMS said it was not appropriate for the Government to give a running commentary on the credit grading regarding certain sectors of the economy. The PMS added that both the Prime Minister and Chancellor had made clear it was encouraging the UK economy was coming out of recession.

Asked if the Prime Minister thought growth will be revised up at the next ONS GDP figures and if he was happy with 0.1% growth, the PMS said the Prime Minister and Chancellor have said they remain cautious but confident for the economy.

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