It's that elephant again

Saith Jackart (my emphasis):

If there is a measure of Gordon Brown's fiscal irresponsibility it is the fact that the UK is probably going to lose its AAA rating from Credit agencies - the fact this is even being discussed should trigger a vote of no confidence in the Government.

This is not because of the "global financial crisis", though that is the proximal cause. The real reason is that Gordon Brown oversaw an economy which kept interest rates too low, because the wrong measure of inflation was chosen in order to "align" the British economy with that of Europe.