Moody's Warns UK, France and Austria Over AAA Rating

4:00 AM ET Tue, 14 Feb 2012

Prof. Andrew Sentance, former MPC external member and also Senior Economic Adviser at PwC, told CNBC, "the UK among the Western economies has quite a robust deficit reduction plan and is sticking to it and I think that is the right thing for George Osborne to be doing in these circumstances."