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The Pescadero Perspective
news Project Syndicate 2026-06-16

Britain's Unsustainable Financial Dependence on the United States

The UK's 'special relationship' with the US is increasingly defined by American reliance on purchasing British government debt, a trend experts deem unsustainable.


<p>The true nature of Britain’s “special relationship” with the United States has far more to do with American financiers’ willingness to keep borrowing to purchase British government debt than with history, culture, or Britain’s defense needs. Every UK Prime Minister must bear this burden, which is rapidly becoming unsustainable.</p>

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