The rating firm said the change in the outlook was driven by "heightened unpredictability in policymaking" in UK amid weaker growth prospects and high inflation
Former British Prime Minister Boris Johnson -- ousted by ethics scandals just three months ago -- has jockeyed to make a comeback as one of several contenders seeking to replace Liz Truss
British minister Penny Mordaunt on Friday launched her bid to replace Liz Truss as prime minister, becoming the first Conservative lawmaker to announce they are running.
Several British lawmakers, including scandal-tarnished former Prime Minister Boris Johnson, jockeyed for support Friday to become the country's next leader
The 42-year-old Sunak is holding a solid 55 per cent lead with the Oddschecker betting odds aggregator, followed by a 29 per cent chance of former prime minister Boris Johnson making a comeback
Britain's governing Conservative Party is electing a new leader for the second time this year. The winner will replace Liz Truss, who stepped down Thursday after 45 days in office
Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to replace British Prime Minister Liz Truss
British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success.
Truss, who came to power on September 6, is the shortest-serving UK prime minister, who succeeded Boris Johnson. She delivered a statement outside 10 Downing Street
In yet another blow to UK Prime Minister Liz Truss after Home Secretary Suella Braverman on Wednesday tendered her resignation, it is alleged that Chief Whip Wendy Morton resigned
PM commits to pension spending; no comment on benefits, foreign aid
After weeks of blaming 'global headwinds', Truss on Monday said she was sorry for going 'too far and too fast' with her radical economic plan to snap Britain out of years of tepid growth
Liz Truss suffered a fresh body blow on Tuesday as a poll found more than half of Tory members want her to quit, with Boris Johnson emerging as the favourite to take over, a media report said
Powerless, humiliated, labeled a ghost prime minister and compared unfavourably to a head of lettuce this is not a good week for Liz Truss
Despite the ongoing political upheaval, UK Prime Minister Liz Truss has insisted of leading the ruling Conservative Party into the next general election
UK PM Liz Truss apologised for going "too far too fast" with reforms that caused investor confidence to evaporate and her poll ratings to plunge
The UK government has announced a reversal of the bulk of its September tax-cutting measures in yet another emergency action to ensure economic stability
The dollar has climbed roughly 15% this year as the Federal Reserve embarked on an aggressive campaign to raise interest rates to tamp US price increases.
Hunt declined to rule out delaying by a year the prime minister's plan to cut the basic rate of income tax, a move that would amount to another U-turn on a key plank of Truss's "mini-budget."
Under-pressure UK Prime Minister Liz Truss appointed Jeremy Hunt as her new Chancellor of the Exchequer, replacing Kwasi Kwarteng after just 38 days in office