• Brexit: UK credit rating downgraded

    Brexit: UK credit rating downgraded

    Some of the wider implications of Britain’s decision on Thursday to leave the European Union, commonly called Brexit, have started manifesting.

    The country left the EU after 51.9 per cent of voters backed the exit in a referendum with serious consequences for the British and global economies.

    As a foretaste of what is to come, at the weekend, Britain’s credit rating was downgraded.

    The rating, which was done by Moody’s, one of world’s foremost credit ratings agency downgraded the UK Government’s bond rating […]