UK economic outlook slashed to ‘negative’ ...News

Russia Today - Economy
UK economic outlook slashed to ‘negative’
source : Russia Today ( News ) () 29
Ratings agency Moody's cited inflation and London’s unpredictable policymaking for the downgrade The UK government's rating outlook was cut to “negative” from “stable” on Friday by Moody's ratings agency. In a statement, the agency pointed to the “heightened unpredictability in policymaking amid a volatile domestic political landscape, which challenges the UK's ability to manage the shock arising from weaker growth prospects and high inflation”.  Moody’s reassessment follows the resignation of British Prime Minister Liz Truss on Thursday after just six weeks in office. Her cabinet had pledged huge tax cuts withou

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