The UK’s credit rating could be downgraded, according to ratings agency Moody’s, which says Brexit has caused “paralysis in policy-making”.
It has changed the outlook on the UK’s current rating – which is a marker of how likely it is to pay back its debts – from “stable” to “negative”.
Moody’s also criticised the general election promises to raise spending with “no clear plan” to finance it.
The UK is currently rated Aa2 – the third highest grade.
Credit ratings agencies grade countries and institutions by their credit-worthiness. That in turn can affect the amount that it costs countries to borrow money.
All the major political parties have committed to ramping up borrowing