The Bank of England warns that capital is fleeing at the fastest pace since the Lehman crisis
by Ambrose Evans-Pritchard
Britain is the world’s most vulnerable state on a key measure of short-term debt and credit markets might suddenly seize up if voters opt for Brexit, Standard & Poor’s has warned.
The US credit rating agency is crystal clear that Britain will be stripped of its coveted AAA status immediately and may face a double-barrelled downgrade if the country takes a leap in dark, jeopardizing its trading and financial ties to its biggest market.
“We are categorical about this,” said Moritz Kraemer, the agency’s head of sovereign ratings.