The long-term ratings were maintained at 'AA+'.
Strong GDP growth, falling unemployment and inflation close to the 2% target continued in the economy since the last review in
The rating agency said it judges growth to be partly cyclical, reflecting the gradual closing of the previous large output gap. Though the strengthening economic recovery supports the fiscal consolidation efforts, the fiscal deficit remains large compared with rating peers and the 'AA' median of a 1.5% surplus, it said.
Fitch expects gross general government debt, using the EU Treaty definition, to peak at 92%-93% of GDP in 2015-16 and to start falling in 2017.
A report released by the
GDP data released on
ONS said this has been revised to an increase of 1.5% in this release.
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