Ten Things You Need to Know Today: Saturday 23 Feb 2013

1. UK LOSES AAA CREDIT RATING

The UK has lost its AAA credit rating for the first time since 1978. Ratings agency Moody's said it downgraded the UK to Aa1 because it expects growth to "remain sluggish over the next few years" but added that "the UK's creditworthiness remains extremely high". George Osborne said: "Far from weakening our resolve to deliver our economic recovery plan, this decision redoubles it".

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