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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)