UK on Brink of 'Debt Death Spiral', Warns Billionaire Investor Ray Dalio
2025-01-21
Fortune on MSN.com
Billionaire investor Ray Dalio, founder of Bridgewater Associates, is sounding the alarm on the UK's financial health, urging policymakers to take drastic action to avoid a debt crisis. With historically high borrowing costs and rampant inflation, Dalio advises the UK to either cut spending or raise taxes to mitigate the risk of a debt death spiral. As the UK teeters on the edge of financial instability, experts warn of a potential economic downturn, emphasizing the need for fiscal responsibility and strategic debt management to prevent a catastrophic debt spiral. Key economic indicators, including debt-to-GDP ratio and interest rates, must be closely monitored to avoid a financial meltdown.
