Lol that is a little bit sensationalistic if you ask me! The Pound will be here for a long time yet.
"George Osborne has warned there will be no let up in his plans to reduce the deficit"
Well that's a good thing isn't it? We are high in debt, at least they are sticking to plans to get us out of it.
Our credit rating has been reduced a little? Not massive news, we are among many other large countries in the same boat.
Bitcoin is never going to replace the £.
Bitcoin potentially could be a large player in digital online commerce, or simply be relegated to the grey / black market digital currency only.
A bit premature to tell everyone to stock up on Bitcoins and Gold... you can hardly buy any of life's necessities with Bitcoin in the UK yet!