In recent weeks, prominent investors like Ray Dalio and economist David McWilliams have argued that UK debt dynamics are increasingly concerning. I deeply respect and admire both individuals, and when they speak, I listen. Today’s column is going to look at what’s going on and explain the likely course of action over the coming weeks and months. Truss and Reeves – Two sides of the same coin? In September 2022, former UK Prime Minister Liz Truss and her Chancellor of the Exchequer Kwasi Kwarteng announced a mini-budget which had a series of unfunded tax cuts. The markets balked at this…

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