Political upheaval will lead to UK economy slowing down, says Moody's

Ratings agency says economy has started to slow and is expected to weaken considerably throughout the year

Britain's economy will lose momentum this year amid squeezed living standards and uncertainty over Brexit and the inconclusive election result, leading ratings agencies have predicted.

Moody's said the qualms about talks in Brussels and the minority government have increased the UK's political and financial risks.

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