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S&P Maintains UK Credit Rating
Standard & Poor's Global kept the United Kingdom’s credit rating at AA/A-1+ with a stable outlook, reaffirming that the British economy is strong and has been able to absorb energy shocks despite rising fuel and raw material prices, which impact inflation and interest rates. The agency expects the Bank of England to raise interest rates by 25 basis points, with the Labour Party continuing to lead Parliament until the anticipated elections in 2029. It also emphasizes the need to balance revenues and expenditures to minimize the risk of tax burdens hindering economic growth.
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