Moody’s say downgrade from ‘stable’ was driven by political instability and high inflation
Tory leadership contest – latest updates
The UK’s economic outlook has been downgraded from “stable” to “negative” by the ratings 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”.
Moody’s say downgrade from ‘stable’ was driven by political instability and high inflationTory leadership contest – latest updatesThe UK’s economic outlook has been downgraded from “stable” to “negative” by the ratings 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”. Continue reading…