As the Economist described in its rather scathing report of the current situation in the UK: "Britain is sailing into a storm with no-one at the wheel."
The latest news out of the UK - the two credit downgrades from Standard & Poor's and Fitch respectively - have just further underlined the uncertainty about the British economy, especially when they come accompanied with statements like this one from S&P: "This outcome is a seminal event, and will lead to a less predictable, safe and effective policy framework."
