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Sun, 17 Nov 2019 09:59 GMT

Moody's Warns Britain of Further Debt Amid Brexit Deadlock

Business

7Dnews London

Fri, 08 Nov 2019 23:05 GMT

Moody's, a New York-based business and financial services company, on Friday November 9th reduced its expectations on Britain's debt to negative, warning Britain of further sovereign fund due to Brexit, Reuters and AFP reported.

"It would be optimistic to assume that the previously cohesive, predictable approach to legislation and policymaking in the UK will return once Brexit is no longer a contentious issue, however that is achieved," the ratings agency said.

This comes as Prime Minister Boris Johnson has called for election on December 12 with the aim of breaking the deadlock around Brexit.


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