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UK says Fitch downgrade shows country must deal with debt

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(Globalpost/GlobalPost)

LONDON (Reuters) - The Treasury said the decision by ratings agency Fitch to strip the country of its top-notch triple-A rating on Friday was a reminder that the country must deal with its debts.

"This is a stark reminder that the UK cannot simply run away from its problems, or refuse to deal with a legacy of debt built up over a decade," a Treasury spokesman said.

"Fitch themselves say the government's 'continued policy commitment to reducing the underlying budget deficit' is one of the main reasons UK debt now has a 'stable' outlook," he added.

(Reporting by David Milliken; editing by Ron Askew)

http://www.globalpost.com/dispatch/news/thomson-reuters/130419/uk-says-fitch-downgrade-shows-country-must-deal-debt