To: The Right Honourable British Chancellor of the Exchequer George Osborne MP From: Athinarayanan Sanjeevraja Date: March 4, 2013 RE: Britain Losses it’s Top AAA Credit Rating and try to regain its status. Good Afternoon Mr. Chancellor. I have said so in my last writing to you on September 28, 2012 on the subject of UK Breaking Debt Rule . I informed you how long and painful the process of reducing debt would be and how your government can reduce the debt without choking of recovery and global demand. Here it was my last writing to you. “ UK keeps it top AAA credit rating because market expects that your government would keep the budget tight. But your government failed to keep the budget tight. If you lost AAA credit rating, interest rates will shoot up and UK will never be able to diminish its deficit. Indeed, UK GDP is shrinking. Therefore there will be less tax revenues to reduce fiscal deficit. But I don’t see any attempts by your government to diminish t
My mission is to helping global leaders to understand the forces of transforming the global economy, industry and finance to improve overall economic performance and work for better international policies since 2009. My work is to provide international leaders in economy, industry and finance with the facts and insights on which to base policy decision. In addition, addressing international conflicts by using paternalistic theory consistently with sound arguments from 2009 to September 2023.