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The Independent UK

National

Matt Mathers

Ratings agency Fitch downgrades UK credit outlook to ‘negative’

Fitch Kwasi Kwarteng United Kingdom Bank of England Deficit

Copyright 2022 The Associated Press. All rights reserved

A ratings agency has downgraded the UK’s credit rating following the chancellor Kwasi Kwarteng widely criticised “mini” budget.

Fitch lowered the outlook for its credit rating for British government debt from “stable” to “negative” on Wednesday.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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