Fitch Downgrades United Kingdom To ‘aa+’; Outlook Stable

GTA V Beats PES 2014 in the United Kingdom

What are the key drivers behind recent market changes?Conventional cider saw a drop ahead of the overall category last year. The year was shaped by the unusually wet summer and a poor trading period at Christmas. Volumes were also eroded by some price pointing in the supermarkets. What makes this report unique and essential to read?The United Kingdom Cider Market Insight report is designed for clients needing a quality in-depth understanding of the dynamics and structure of the cider market. The report provides a much more granular and detailed data set than our competitors. Key Features and BenefitsThis report provides readers with an excellent way of gaining a thorough understanding of the dynamics and structure of the UK cider market. This report provides readers with in-depth data on market segmentation: mainstream, premium, super premium, discount; alcoholic strength; type. This report provides data and analysis of the performance of both domestic and imported brands and reports on new product activity in 2012. This report provides an analysis of industry structure, reports on company volumes and selected company profiles. This report provides distribution channel data (on- vs. off-premise) and discusses the latest trends in the key sub-channels. Packaging data includes consumption volumes by pack material, type, size, refillable vs.

We have a full Softpedia review for GTA V that offers more information on the core mechanics, the interesting three main characters and the complex world that the team has created for the virtual Los Santos. For the week that ended on September 21, Pro Evolution Soccer 2014, the simulation created by Konami, is in second place performing well during its own debut week. You can also check out a PES 2014 review , complete with information on the core mechanics and the performance of the new Fox Engine. Third place in the chart has been captured by The Last of Us, the Naughty Dog title that has made a remarkable comeback after its May launch, according to data from UKIE . Saints Row 4, the game that has dominated the United Kingdom chart for the past four weeks, is in fourth place and continues to perform well after the launch of its latest downloadable content packs. Tom Clancys Splinter Cell: Blacklist has also dropped one place when compared to the previous seven-day period and sits in fifth, while Minecraft on the Xbox 360 is in the same place that it occupied previously. Diablo 3 for the PlayStation 3 and the Xbox 360 is in seventh place this week, seeing a big drop from third, and Disney Infinity is in eight. Aliens: Colonial Marines, a game widely criticized when it launched earlier in the year, is in ninth place, while the United Kingdom top ten is closed down by the High Definition remix of Kingdom Hearts 1.5 from SEGA. LEGO Batman and LEGO The Lord of the Rings are out of the chart. FILED UNDER:

United Kingdom: Bonnie Tyler to receive a BASCA award

KEY RATING DRIVERS The downgrade of the UK’s sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch’s medium-term projections for UK budget deficits and government debt. Despite the loss of its ‘AAA’ status, the UK’s extremely strong credit profile is reflected in its ‘AA+’ rating and the Stable Outlook. – Fitch now forecasts that general government gross debt (GGGD) will peak at 101% of GDP in 2015-16 (equivalent to 86% of GDP for public sector net debt, PSND) and will only gradually decline from 2017-18. This compares with Fitch’s previous projection for GGGD peaking at 97% and declining from 2016-17 and the ‘AAA’ median of around 50%. – Fitch previously commented that failure to stabilise debt below 100% of GDP and place it on a firm downward path towards 90% of GDP over the medium term would likely trigger a rating downgrade. Despite the UK’s strong fiscal financing flexibility underpinned by its own currency with reserve currency status and the long average maturity of public debt, the fiscal space to absorb further adverse economic and financial shocks is no longer consistent with a ‘AAA’ rating. – Higher than previously projected budget deficits and debt primarily reflects the weak growth performance of the UK economy in recent years, partly due to headwinds of private and public sector deleveraging and the eurozone crisis. Fitch has revised down its forecast economic growth in 2013 and 2014 to 0.8% and 1.8%, respectively, from 1.5% and 2.0% at the time of the last review of the UK’s sovereign ratings in September 2012. The UK economy is not expected to reach its 2007 level of real GDP until 2014, underscoring the weakness of the economic recovery. – Despite significant progress in reducing public sector net borrowing (PSNB from a peak of 11.2% of GDP (GBP159bn) in 2009-10, the budget deficit remains 7.4% of GDP (excluding the effect of the transfer of Royal Mail pensions) and is not expected to fall below 6% of GDP and GBP100bn until the end of the current parliament term. The slower pace of deficit reduction means that the next government will be required to implement substantial spending reductions (and/or tax increases) if public debt is to be stabilised and reduced over the medium term. The Stable Outlook on the UK’s sovereign ratings reflects the following factors. – Under Fitch’s baseline economic and fiscal scenario, which assumes a continued policy commitment to reducing the underlying budget deficit and medium-term annual growth potential of 2%-2.25%, government debt gradually falls as a share of national income in the latter half of the decade. – The long average maturity of public debt (15 years) – the longest of any high-grade sovereign -exclusively denominated in local currency and low interest service burden implies a higher level of debt tolerance than many high-grade peers. – The international reserve currency status of sterling and the ability and willingness of the Bank of England to intervene in the UK government debt market largely eliminates the risk of a self-fulfilling fiscal financing crisis.

The pop icon represented the United Kingdom at the Eurovision Song Contest this year with Believe in Me. Born in Skewen, South Wales she has released over sixteen studio albums. Her biggest successes include the album Faster Than The Speed Of Night in 1983, which included multi-platinum selling power ballads Total Eclipse Of The Heart and Holding Out For A Hero. Simon Darlow, Chairman of BASCA commented -I love the Gold Badge Awards! They are warmly given to those who contribute so much, often behind the scenes, to make our business so successful. It’s an honour and a pleasure for BASCA to give these awards in celebration of their achievements. Robert Ashcroft, Chief Executive of PRS for Music said :The Gold Badge Awards celebrate those from across the business, who through their professional endeavours, benefit the work of songwriters and composers. Film production, art work, industry and legal support to management and performance all have a crucial part to play in keeping British music on a global stage. The recipients this year are all worthy winners and Im delighted we have the chance to celebrate and recognise their contribution. Stay tuned to esctoday.com for more news and information on Bonnie Tyler and the Eurovision Song Contest . About the author Robin Scott I attended my first Eurovision Song Contest in 1995, and from 1996 presented daily live reports for radio stations from the event. Since then I have been providing material from everywhere the contest has been held. I also enjoy compiling most of the video materials for three UK ESC events each year. In 2010 I first provided material for esctoday.com.