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Evening Standard
Evening Standard
Alex Daniel

S&P and Moody’s warn of fresh constraints to public finances after Budget

Moody Rachel Reeves Budget SP United Kingdom PA Graphics
Chancellor Rachel Reeves outlined her Budget statement on Wednesday (Jordan Pettitt/PA) - (PA Wire)

Ratings agencies S&P and Moody’s have warned about fresh limitations facing the UK’s public finances after Labour announced plans to borrow more at its autumn Budget.

S&P said it views the UK’s fiscal position as “constrained”, following Chancellor Rachel Reeves’s plan to lift borrowing and change the UK’s fiscal rules to allow it.

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