Moody's warns the British: Her Majesty's economy is also at risk. For the moment, the triple A of Great Britain is not touched, but the rating agency points out that growth is weakening. At this point, any misstep in government fiscal policy could lead to a revision of the outlook. Over the next four years, the Executive expects to almost eliminate the budget deficit, which today is equal to 10% of GDP. But lately the country's mixed growth has led several analysts to question the feasibility of this goal.
Moody's concerns obviously frightened investors, but it was only a passing influence. As the news broke, the futures market fell, but most of the losses were soon recovered. Many operators have tried to downplay the rating agency's report, arguing that there is nothing new after all. It's just a matter of keeping in mind some possible risks. “They didn't say anything that we didn't already know – underlined Andy Chaytor, of the Royal Bank of Scotland -. The market must remember that Britain may have a positive future ahead of it, but it is vital that investors do not turn a blind eye to the vulnerabilities inherent in this path”.
