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Daily Mirror
Daily Mirror
Politics
Alana Calvert & Henry Saker-Clark & Ryan Merrifield

UK economic outlook downgraded to 'negative' amid chaos after Liz Truss resignation

The UK economic outlook has been downgraded from "stable" to "negative" amid the chaos after Liz Truss ' resignation.

Ratings agency Moody's report, published last night, said the change is due to political instability and high inflation.

It said it was driven by "heightened unpredictability in policymaking amid weaker growth prospects and high inflation" and "risks to the UK's debt affordability from likely higher borrowing and risk of a sustained weakening in policy credibility".

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