The AAA sovereign credit card rating of Britain has been declared by Standard & Poor's. The rating agency has also stated that regarding the budget concerns, the prediction were to be termed as "negative" while the matter of the nation's budget is not getting enough attention by the Government, as sufficient measures are not being opted by for lessening the budget scarcity.

S&P analysts delivered a written statement in London and disclosed that the net general Government debt of nation will soon outdo the AAA rating scale because of the unstable economic consolidation preparation.

The analysts also informed that, AAA is planning to revise the long-term rating after medium-term fiscal policy becomes comprehensible following the parliamentary elections of 2010. It is being predicted that the coming elections might not succeed in forming a Government capable of tackling the problem.

S&P also revealed that general government deficit was 11.5% of GDP in 2009 and will reach 6% of GDP in 2014.

It has also been put forth that, due to optimistic bent from the net exports, weaker domestic demands are expected to get counterbalanced.