Home » Fitch lowers UK rating outlook from “stable” to “negative”

Fitch lowers UK rating outlook from “stable” to “negative”

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Fitch lowers UK rating outlook from “stable” to “negative”

Fitch lowered the outlook for the UK rating to negative. The decision to lower the outlook for the UK government’s debt rating from stable to negative comes after new Prime Minister Liz Truss announced a drastic program of debt-fueled tax cuts. “The large, unfunded fiscal package announced as part of the new government’s growth plan could lead to a significant increase in fiscal deficits over the medium term,” Fitch said in a statement.

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