Britain's next government faces fiscal risks and credit rating challenge, S&P analyst warns

Whoever wins the election expected later this year will have to balance growing demands for more spending on services such as healthcare with the need to fix the public finances, analyst says

Labour leader Keir Starmer: Labour has promised to stick with the current Conservative government's target of bringing down debt as a share of economic output.

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 at  S&P Global Ratings has warned. 

Maxim Rybnikov, S&P's primary sovereign analyst for the United Kingdom, said whoever wins the election expected later this year will have to balance growing demands for more spending on services such as healthcare with the need to fix the public finances.