History
The British Empire ended because India made it unaffordable
The conventional story of Indian independence focuses on Gandhi's moral campaign and Attlee's Labour government. The economic argument is equally compelling: World War II left Britain deeply indebted to India under the Sterling Balances agreement — India had supplied the Empire on credit, and by 1945 Britain owed India roughly £1.3 billion (equivalent to hundreds of billions today). Maintaining the Raj militarily while repaying a creditor nation was fiscally and politically impossible. Empire's end was as much an accounting exercise as an ideological one.
Source: Tooze, The Wages of Destruction (2006); Nehru, The Discovery of India (1946)
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