UK second most at risk from debt crisis of all major economiesThe UK is the second most likely major economy to face a debt crisis in the next two years, a fresh survey of financial professionals has found, as investors remain unconvinced by the country’s growth prospects and efforts to keep a lid on spending. Over half of the study’s institutional investor respondents identified France as the most likely country to face a crisis-level bond sell-off. A fifth of respondents said a government bond crisis was most likely to occur in the UK, with roughly half saying its debt was the second-most vulnerable to a sell-off behind France. Survey stokes fears of UK debt crisisThe findings will compound fears that Britain is stuck in a vicious borrowing cycle, that has seen the government take on debt at the same rate as during the pandemic. The situation has led hedge fund billionaire Ray Dalio warned the economy was in a ‘debt doom loop’ that will plunge the UK into a pattern of rising taxes, higher debt and lower growth.