Reeves’ Budget borrowing plans ‘threaten UK stability’

City A.M.

Published

UK Chancellor Rachel Reeves’ Autumn Budget plan to rewrite fiscal rules and borrow more could jeopardise the stability of the country’s public finances, warned ratings agency Moody’s on Friday. In its first assessment of the Labour government’s Budget, Moody’s said that Reeves’ approach leaves little flexibility to manage economic shocks without breaching her newly introduced [...]

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