Moody’s say downgrade from ‘stable’ was driven by political instability and high inflation.

YOU would think the report card on Boris Johnson’s Brexit issued this week by international ratings agency Moody’s would make embarrassing reading for the Prime Minister and his Government.

Ratings agency cites weakening economy, Brexit woes and coronavirus shocks.

Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact

Bank economists also note that weakening world economy would amplify Brexit hit to UK.

The UK could risk its strong sovereign credit rating if it failed to foot the Brexit bill in a no deal scenario, Moody’s ratings agency has warned.

Public spat as rating agency insists Theresa May’s Florence speech has not altered big picture of likely Brexit damage to the economy.