The US-based rating Agency Fitch has threatened the UK in the case of a disordered Brexits with a downgrade of its credit rating. A to exit the EU without an agreement, could the economic and trade prospects of the country strongly affect, said the US rating Agency, on Wednesday. The Outlook was described as negative. This means that the UK’s previous rating of AA could be downgraded.
Less than six weeks before the Leaving date, there is growing concern of a disorderly exit of Britain from the EU. The British house of Commons had rejected the EU negotiated exit agreement in the middle of January in a clear and legally binding improvements to the contract demanded. This is the EU rejects. Without agreement a “hard-Brexit” without the agreement threatens the end of March, with far-reaching consequences for citizens and the economy.
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No agreement in the Brexit “Westminster is broken,”
Fitch said now, the impact of a disorderly Brexits on the UK’s economic growth are difficult to predict. It could be a comparison drawn to the recession of the early 1990s, as the British gross domestic product was shrunk for six quarters to two percent. (AFP)
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