S&P says it could cut UK rating after no-deal Brexit

S&P says it could cut UK rating after no-deal Brexit
FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid -
Euronews logo
Text size Aa Aa

LONDON (Reuters) – Ratings agency Standard & Poor’s said on Friday it would cut Britain’s AA credit rating if the country leaves the European Union without a deal, and warned that Brexit indecision was causing government paralysis.

“The UK authorities’ search for consensus on Brexit continues and is crowding out nearly all other policy considerations,” S&P said as it maintained its negative outlook on Britain’s rating. S&P said it did not expect a no-deal Brexit, and forecast growth would average 1.3% a year from 2020 to 2022.

(Reporting by David Milliken; Editing by Leslie Adler)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.