Next UK government faces credit rating challenge, S&P says

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South Shore school lunch program setting the standard | SaltWire #school #lunch #educationLONDON -Britain's next government will have to tread carefully to avoid jeopardising the country's already diminished credit rating with the public finances under heavy strain, a senior analyst with S&P Global Ratings said.

Prime Minister Rishi Sunak is barely on course to hit that target and Labour is likely to come under pressure to spend more on public services with polls showing widespread dissatisfaction about the state of healthcare, education and housing. "These things have moved back from the fore to some degree and the focus is really on the fiscal in both the upside potential and downside potential for the rating at the moment," Rybnikov told Reuters.On the positive side for Britain's economy, growth is likely to gather pace to around its non-inflationary speed limit of 1.7% a year by 2026, S&P estimates.

 

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