Dalio calls UK 'over indebted' and says it may need to 'go bankrupt'

Asked what Britain must do to escape what he describes as a debt and productivity bind, Ray Dalio says the UK is facing the "classic cycle" of having “run out of choices”. He argues resolution typically involves some combination of debt restructuring and monetary actions, and he uses the phrase “go bankrupt” to describe the scale of reset he thinks is implied.