Yet this morning - as I listened from afar on a half-term break - I couldn't help noticing that this latest news simply led both Messrs Osborne and Balls to say "I told you so".

BBC: Credit rating warning: George Osborne v Ed Balls

And I take my chances that anyone who has listened to me stumble through a half-baked opinion at a cocktail party may stop reading my blog as a result of the lack of clarity they encountered.

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