Moody's: UK might struggle to make planned spending cuts

Dhwani Mehta FXStreet

Moody’s Investors Service, in its latest research note, the UK government may not be able to implement the spending cuts it announced to keep on narrowing its budget deficit, Reuters reports.

Moody’s noted: “It remains to be seen whether those cuts will be delivered, given the apparent strains on many public services after a decade of cuts and the political pressure on the government to increase funding for health care, defense and education in the next autumn budget.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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