Moody's: UK's AAA rating under threat

clock

Fears the UK government may undershoot its target to cut the budget deficit could threaten the country's credit rating, Moody's has warned.

The international rating agency said today its outlook for the country remains stable on the back of the government's commitment to substantially reduce its budget deficit.  However, as the government aims to virtually eliminate a budget deficit of about 10% over the next four years, a weaker growth rate could mean it fails to meet this target. Moody's said this could result in a reassessment of the country's AAA credit rating. "Moody's rates the UK at AAA, with a stable outlook. However, as we have been saying for a while now, slower growth combined with weaker-than-expected fisca...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

What two pizzas tell us about Bitcoin

What two pizzas tell us about Bitcoin

Laszlo Hanyecz really needed a slice...

Laith Khalaf
clock 19 December 2024 • 6 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Bank of England MPC meeting due on Thursday

Sorin Dojan
clock 18 December 2024 • 3 min read
Trump, tariffs and why UK companies can still appeal

Trump, tariffs and why UK companies can still appeal

Is a trade war inevitable?

Sheldon MacDonald
clock 11 December 2024 • 4 min read