UK Credit Rating Cut from AAA to AA

More Brexit fallout: The UK Credit Rating has been cut by Standard and Poors from AAA to AA with a negative outlook.

While bond markets aren’t pricing it in yet, this could mean higher borrowing costs for government and consumers. This will add to the regret of some who supported Brexit, as the Leave campaign didn’t mention credit rating cuts on the campaign trail.

Meanwhile, the Stock Market keeps falling. The consequences of Brexit are adding up.

Read more here: Brexit consequences