Jeremy Corbyn Already a Disaster for Britain
Socialist Refugee lover Jeremy Corbyn is already a disaster for Britain as Ratings agency get set to downgrade the country, Merkel moves in to take advantage of the not-so-bright politician and the GBP tanks.
Jeremy Corbyn believes in printing money and giving it away
The UK’s election result could delay negotiations with the European Union over its exit from the bloc and throws the future path of its economic policy into doubt.
“In our view, the lack of a majority for any party is likely to delay Brexit negotiations, scheduled to start very soon,” said S&P in a statement, adding it doesn’t “exclude the possibility of another snap election.”
“These considerations are reflected in our current negative outlook on the long-term ratings,” added the agency.
Jeremy Corbyn will attempt to negate Brexit and if he can not he will surely negotiate a bad deal
S&P currently rates the UK at AA, with a negative outlook. The country was stripped of its triple-A rating immediately after the Brexit referendum last year. The negative outlook means Britain is at risk of future downgrades.
S&P’s sovereign chief ratings officer Moritz Kraemer told CNBC the assessment will depend “pretty much on the further outcome of the Brexit negotiations and the reality that the UK will face outside the EU, which is still uncertain.”
Brexit negotiations are supposed to begin in less than two weeks.
Printing Money has Everyone Scared
The British currency has fallen sharply following the Conservative Party’s loss of a parliamentary majority in the UK General Election and is on track for its biggest one-day fall since the Brexit vote.
The sterling dropped more than two percent to $1.2702 against the US dollar on Friday, moving closer to levels not seen since April 18, when Prime Minister Theresa May called the snap election to strengthen her hand in negotiations for the UK’s exit from the European Union.