Britain faces years of ‘muted' growth after Reeves' Budget, warns Moody's [Yahoo! Finance]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: Yahoo! Finance
In a note to investors, the leading credit rating agency warned the Chancellor's decisions will put government debt “on a slow upward trajectory” and cast doubt on the credibility of new debt rules meant to reassure financial markets. Moody's also warned that higher spending on infrastructure would only boost growth if ministers successfully tackled issues that have dogged the UK economy for years, such as the worklessness crisis and long planning delays The agency's note, published on Friday morning, warned that Ms Reeves' debt-fuelled spending binge was the “most aggressive” since furlough and other Covid-era support measures. “In our view, the increase in borrowing, which is in part supported by a new measure of debt under the fiscal framework, will pose an additional challenge for what are already difficult fiscal consolidation prospects,” it said. “We expect growth in our baseline to remain muted… until structural constraints, including labour market inactivity that has
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form 4
- MCO's page on the SEC website