- Risk of Britain losing triple-A rating ‘clearly increasing’
“It (downgrade) is not a done deal, but the risks are clearly increasing for the UK,” Stringer said in an interview with Reuters. “I think we will be watching the budget very closely to see whether forecasts for peak debt and the trajectory for debt coming down are still consistent (with reducing debt). If those forecasts worsen in our view, I would suspect that is going to lead to a negative outcome.”
The budget announcement is March 20. The economy likely contracted in the fourth quarter.
