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Moody's: UK budget poses new challenges to public finances.
Rating agency moody's stated that the budget of Chancellor of the Exchequer Rishi Sunak will bring new challenges to the United Kingdom's public finances, as the UK still faces a situation of weak growth. Moody's stated in a report: "We believe that increasing borrowing will pose additional challenges to the already difficult fiscal consolidation prospects, although increasing borrowing is to some extent supported by the new debt measurement standards under the fiscal framework."
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