UK economic outlook downgraded to ‘negative’ by rating agency
by PA Media from on (#650EC)
Moody's say downgrade from stable' was driven by political instability and high inflation
The UK's economic outlook has been downgraded from stable" to negative" by the rating agency Moody's because of political instability and high inflation.
Moody's said the change in outlook was driven by heightened unpredictability in policymaking amid weaker growth prospects and high inflation" and risks to the UK's debt affordability from likely higher borrowing and risk of a sustained weakening in policy credibility".
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