LONDON (Reuters) - British Prime Minister David Cameron said on Wednesday a decision by Moody's to cut Britain's top-notch triple A credit rating underlined the need to step up efforts to reduce the country's deficit. "I'm the one saying this credit rating does matter, and it demonstrates that we have to go further and faster on reducing the deficit," Cameron told parliament. Moody's dealt Britain its first sovereign rating downgrade on Friday, saying the $2.5 trillion (1.65 trillion pounds) economy faced years of sluggish growth and that debt would continue to rise until 2016. ...
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