Is it all bad news for UK economy?
Moody's, the credit rating agency, has cut the UK from triple A to double A1. Kevin Daly, UK economist at Goldman Sachs, talks to economics editor Chris Giles about the effect the downgrade has had on the economy and reasons to be optimistic.
For more video content from the Financial Times, visit http://www.FT.com/video
For more video content from the Financial Times, visit http://www.FT.com/video
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