Portrait of the week | 28 February 2013

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Moody’s reduced Britain’s credit rating from AAA to AA1. George Osborne, the Chancellor of the Exchequer, said: ‘Far from weakening our resolve to deliver our economic recovery plan, this decision redoubles it.’ Sir Mervyn King, the governor of the bank of England, was outvoted on its Monetary Policy Committee when he proposed more quantitative easing in February. Paul Tucker, the deputy governor, said that negative interest rates should be considered. Irfan Naseer, 31, Irfan Khalid, 27, and Ashik Ali, 27, from Birmingham, were found guilty at Woolwich Crown Court of plotting to recruit a team of six or eight suicide bombers to carry out a spectacular bombing campaign. Birmingham launched a city-centre enterprise zone, one of 24 created in England, including a £189 million public library to open in September.