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Jun 24 - Markets closed

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UK credit rating outlook downgraded as financial world reels from Brexit
The outlook for the UK 's credit rating has been downgraded to negative by a leading agency in the wake of the Brexit vote, with warnings higher borrowing costs could hit ordinary households in the longer term.
UK's Credit Outlook Lowered To 'Negative'  
What are credit ratings agencies?  
Market Chart
6,138.69 -199.41 (-3.15%)
16,088.05 -1,245.46 (-7.19%)
3,348.58 -133.16 (-3.82%)
3,750.40 -79.70 (-2.08%)

Top stories

Fearful of landing in immediate negative equity, some buyers have decided to put their purchases on ice. Photograph: Yui Mok/PA. Hilary Osborne, Patrick Collinson and Miles Brignall.
Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.
The City of London is facing as many as 100,000 job losses amid fears the UK's dramatic vote to quit the EU will force banks to shift business out of London to other European financial centres.
In the short term, nothing changes. The UK will remain a member of the EU for at least two years. That is the period defined in Article 50 of the Lisbon Treaty for a departing country to negotiate a new relationship with the EU - and the clock will ...
Shoppers must brace themselves for a painful surge in food prices in the wake of Brexit, farmers' leaders warned last night. Food producers in the UK will face a savage fall in exports to Europe as a result of leaving the single market, they say, and ...

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