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Moody's downgrades UK's credit outlook to Negative


John52

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The ratings agency said that "no matter what the outcome is of the general election Moody's sees widespread political pressures for higher expenditures with no clear plan to increase revenues to finance this spending".

 

"The ratings agency, which scores debt on the basis of how likely they are to default, changed the outlook on its Aa2 rating on the debt issued by the UK government from "stable" to "negative".

https://news.sky.com/story/moodys-downgrades-uks-credit-outlook-after-brexit-paralysis-11857899

 

This suggests that Moody's thinks that to increase revenues the government should raise taxes or somehow substantially increase GDP growth to finance the increase in spending that both Labour and Tories are now proposing.

This is what the Mad Hatter calls 'ticking along nicely' 8-)

Will a promise from BoJo reassure them *-)

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Guest pelmetman
John52 - 2019-11-10 1:47 PM

 

The ratings agency said that "no matter what the outcome is of the general election Moody's sees widespread political pressures for higher expenditures with no clear plan to increase revenues to finance this spending".

 

"The ratings agency, which scores debt on the basis of how likely they are to default, changed the outlook on its Aa2 rating on the debt issued by the UK government from "stable" to "negative".

https://news.sky.com/story/moodys-downgrades-uks-credit-outlook-after-brexit-paralysis-11857899

 

This suggests that Moody's thinks that to increase revenues the government should raise taxes or somehow substantially increase GDP growth to finance the increase in spending that both Labour and Tories are now proposing.

This is what the Mad Hatter calls 'ticking along nicely' 8-)

Will a promise from BoJo reassure them *-)

 

So what rating does Moody's give Corbyn's mate Mad Maduro's Venezuela? >:-) .........

 

We'll all be eating A la "bin" carte if your Cretinous Corbyn gets in 8-) .......

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Guest pelmetman
John52 - 2019-11-12 8:21 AM

 

pelmetman - 2019-11-11 7:51 AM

 

Corbyn's mate Mad Maduro's Venezuela? >:-) .........

...

Where is your evidence that they are mates *-)

 

 

A“friend of Venezuela”. That's how President Maduro once introduced Jeremy Corbyn on a Venezuelan live television broadcast.

 

https://www.telegraph.co.uk/news/2019/02/05/videothe-times-corbyn-allies-praised-socialist-venezuela/

 

>:-) (lol) (lol) (lol) ..........

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