Ten Things You Need to Know Today: Monday 25 Feb 2013

The Lib Dem president, Tim Farron, admitted it had failed in its duty of care to women who made allegations of sexual harassment by Lord Rennard and said 'we screwed this up'. The party's leader Nick Clegg admitted he was aware of 'non-specific' allegations that a senior party official had sexually harassed women but insisted he has nothing to hide.

The pound has plunged after the UK lost its AAA credit rating for the first time since 1978. Business Secretary Vince Cable said yesterday that the downgrade by Moody's was "largely symbolic" and told the BBC that credit ratings agencies were like "tipsters" and had a "pretty bad record". Ken Clarke, a former Tory Chancellor, said it could take Britain years to regain its AAA listing.

Marc Batchelor, the South African footballer whose argument with Oscar Pistorius was raised at last week's bail hearing, yesterday described how the Paralympian was "often spoiling for a fight". He said Pistorius telephoned twice to call him a "piece of shit" and threaten to "f*** him up" after he had stepped into a row about a friend's girlfriend.

The attorney-general is to take legal action against internet users who posted pictures said to be of one of James Bulger's murderers. The publication of any information that could identify Jon Venables and Robert Thompson has been banned, but several images of one of the men appeared on Twitter earlier this month.

David Beckham, dubbed Le Spice Boy by the local press, made his debut for his new club Paris Saint-Germain last night with a crowd-pleasing display of his skills. He passed the ball to set up a winning goal for Zlatan Ibrahimovic after being called from the bench in the 76th minute. PSG beat arch-rivals Marseille 2-0.