Was Britain bankrupt after the Second World War?

Was the United Kingdom bankrupt after the Second World War?

No under the definition used here: Britain remained income-producing and capable of major construction, but it was severely short of cash and overcommitted.

An audience comment describes the United Kingdom as bankrupt after the Second World War. That strict label does not fit the definition used in the answer, though the country's finances were in a very difficult state. Britain still received income and continued launching major warships, but it lacked ready cash and had committed itself beyond what it could comfortably fund. The state could technically cover expenses over time while money failed to arrive in the places and forms needed. The distinction helps explain postwar naval retrenchment as a crisis of liquidity and overcommitment rather than an instantaneous end of national capacity.