Moody’s Investor Service on Friday changed the United Kingdom government’s ratings outlook to “negative” from “stable.” Moody’s attributed the change in the outlook to “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.” However, the ratings agency affirmed the country’s credit rating.
That may prompt the central bank to hike interest rates more aggressively when it meets on November 3 in order to tame rising prices. Political and economic turmoil On Thursday, Liz Truss resigned as Prime Minister after six disastrous weeks in office. Truss and former Finance Minister Kwasi Kwarteng’s “mini” budget upended UK financial markets.
To quote mrjamesob , 'Oh.'
Yes unstable, Flip Flops to much & Going back to Boris ,Jeez🙄❗
See what conservative economic policies lead to?
how mercurial...
Uh oh