Fitch ratings agency has come out with a warning that may result in the downgrading of the UK's prized AAA credit rating, suffered by both France and the US. They are the second agency to have the UK on what is termed a "Negative Outlook", though a full downgrade is not expected in the near future. It is however a warning to the UK Government, if they needed one, to reduce public debt levels.

As far as the public sector goes, the unemployment figures released earlier this week, showed a slight increase in the number of unemployed overall but as the public sector jobs increase, they have been taken up and more so by the private sector. So, although having 8.4% of the nation's workforce sidelined is tragic, the rebalancing of it, from public to private, is going in the right direction but slowly.

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