Tag: UK debt

• Tuesday, July 13th 2021 - 09:05 UTC

  Vote in parliament to reverse UK's decision to cut overseas aid

  

  The British parliament will vote this Tuesday on a reverse decision to cut the United Kingdom's overseas aid. Chancellor of the Exchequer Sunak addressed a statement to parliament on Monday that the decision to limit foreign aid would be reversed once the UK no longer needs to borrow to fund daily needs and public debt begins to fall.

• Saturday, October 17th 2020 - 08:52 UTC

  Moody's cuts UK debt rating on recession, Brexit and lack of clear budget plans

  

  Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson’s government.

• Saturday, November 9th 2019 - 10:45 UTC

  Brexit-era paralysis: Moody's downgrades UK's debt to negative

  

  Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.