**UK downgraded by Moody’s amid Brexit pressures**

[The_Equalizer]

Florence and the Magical Thinking Robot?

Is this part of the automation we've been warned about?

[scooterscot]

+1 for someone who lives in Germany (mind you a lot of Munich is a dump) I really can't see why he's so bothered about the situation in the UK. Mind you with AfD rising so much.....

It's a laugh n' it?

[Lambert Simnel]

Not convinced by the downgrade at all (and that's despite thinking leaving the EU is an enormous own-goal for the economy). Do they really think that the BoE / UK government is less likely to pay up on gilts? Really? It feels more like they feel a need to publically recognise that Brexit is a bad idea from an economic standpoint (for whatever reason), and this is the main mechanism they have.

[sasguru]

Not convinced by the downgrade at all (and that's despite thinking leaving the EU is an enormous own-goal for the economy). Do they really think that the BoE / UK government is less likely to pay up on gilts? Really? It feels more like they feel a need to publically recognise that Brexit is a bad idea from an economic standpoint (for whatever reason), and this is the main mechanism they have.

I agree.
But, regardless, if the other ratings agencies follow, the UK government pays more on its debt.

[BrilloPad]

I agree.
But, regardless, if the other ratings agencies follow, the UK government pays more on its debt.

It can just print the money to pay the extra interest....

[sasguru]

It can just print the money to pay the extra interest....

You didn't really do a maths degree did you?

[scooterscot]

Not convinced by the downgrade at all (and that's despite thinking leaving the EU is an enormous own-goal for the economy). Do they really think that the BoE / UK government is less likely to pay up on gilts? Really?

The point is the UK going forward is now likely to be required to pay more on its debts, many of which are foreign owned. I've never understood how this helps, the economy needs to get on its feet and you charge more interest.

It'll not be long with people will look at 2008 until 2017 as the 'good years' with the Tories procrastinating with Brexit throughout.

[BlasterBates]

UK ordered to pay their bill

The UK is dragging its heels.

[sasguru]

UK ordered to pay their bill

The UK is dragging its heels.

Hard Brexit coming up !! Yay.

[shaunbhoy]

I've never understood

We know. Stop labouring the fooking point jellyhead!