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Risky housing market leaves UK credit rating on AA+
There have been fresh warnings about the housing market after the ratings agency Fitch kept the UK below its top credit score. The UK lost its coveted AAA rating last year and in an update on Friday, Fitch said it was keeping the country on AA+. It said the banking sector was in better shape and economic growth was solid but the deficit was still too high and there were growing risks around an increasingly hot housing market, particularly in London. The warning came just hours after the chancellor, George Osborne, announced he was giving the Bank of England sweeping new powers to control the size of mortgages. The ... (full story)
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