Published 2 years ago

S&P cuts UK rating outlook after tax cut plan

Summary by Ground News

S&P cut the outlook for its AA credit rating for British sovereign debt to "negative" S&P cited rising fiscal risks and an expectation of a growing government budget deficit. Also forecast Britain would enter a technical recession in the coming quarters. The outlook for Britain's AAA credit rating was previously "stable"

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Reuters

S&P cuts UK rating outlook after tax cut plan

Ratings agency Standard & Poor's cut the outlook for its AA credit rating for British sovereign debt on Friday to "negative" from "stable" as it judged Prime Minister Liz Truss's tax cut plans would cause debt to keep rising.

2 years ago·United Kingdom

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Financial Post

S&P cuts UK rating outlook after tax cut plan

LONDON -- Ratings agency Standard & Poor's cut the outlook for its AA credit rating for British sovereign debt on Friday to "negative" from "stable" as it judged Prime Minister Liz Truss's tax cut plans would cause debt to keep rising. Read More

2 years ago·Canada

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OAN

S&P cuts UK rating outlook after tax cut plan – One America News Network

By David MillikenLONDON (Reuters) -Ratings agency Standard & Poor’s cut the outlook for its AA credit rating for British sovereign debt on Friday to “negative” from “stable” as it judged Prime Minister Liz Truss’s tax cut plans would cause debt to keep rising.Finance minister Kwasi Kwarteng announced around 45 billion pounds ($50 billion) of permanent, unfunded tax cuts on Sept. 23 as well as costly temporary subsidies to household and business …

2 years ago·San Diego, United States

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