What happens if the UK’s credit rating is downgraded?

Credit agency Moody’s joins IMF in criticising the Truss government’s fiscal plans

Liz Truss and Kwasi Kwarteng
Kwasi Kwarteng and Liz Truss announced a radical tax-cutting plan last week
(Image credit: Dylan Martinez/WPA Pool/Getty Images)

The UK is at risk of having its credit rating downgraded because of last week’s tax-cutting mini-budget.

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