Moody's Upgrades UK Credit Outlook, Citing Improved Policy Predictability After Mini-Budget Fiasco
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Moody's has improved its outlook on the UK's credit rating, citing restored policy predictability after last year's mini-Budget chaos.
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Moody's noted the UK's more conciliatory approach to EU trade negotiations.
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The agency said Chancellor Jeremy Hunt's decision to reverse most tax cuts helped inform its rating change.
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Moody's expects UK inflation to return to the 2% target in 2026.
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The UK now has an Aa3 rating from Moody's, meaning its debts are high quality with very low credit risk.
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