How quickly could the United Kingdom go bankrupt? Given the speed at which countries and companies have been brought to their knees in recent months, it is no longer hard to envision a scenario in which foreign investors become spooked by the UK's soaring debts and flee. The hot money, which has propped up the UK economy for the past decade, will seek safety in Switzerland, Japan and the Middle East. And within days, Regent Street will look like downtown Reykjavik. The bankruptcy scenario goes like this. British output is already falling, and tax revenues along with it. But the government is not merely holding spending steady, but actually increasing it to fund tax cuts and bank bail-outs. http://www.thefirstpost.co.uk/45968,opinion,bankruptcy-beckons-for-not-so-great-britain How long before Britain goes bankrupt?