Yanis Varoufakis explains why the United Kingdom’s governments are uniquely vulnerable to the bond market.
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Economics
Jun 16, 2026
Yanis Varoufakis
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.
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