British Empire dead by 1935?

What if because of bad economy and the huge cost of WW1 that the british empire broke down in the 1920s and 1930s??

Which implication would this have had on for instance World War 2??
 
What if because of bad economy and the huge cost of WW1 that the british empire broke down in the 1920s and 1930s??

Which implication would this have had on for instance World War 2??

Steady on! Let's get a PoD before we conside its consequences. While I'd certainly imagine thinsg could take a turn for the worse, I hardly imagine a total collapse is plausible, assuming we've still won the war.
 
The ramifications of such a huge change are pretty difficult to plot without having something slightly more specific to base it on. The political landscape of the entire world would be changed by the British Empire dissolving in this period. Have you got a POD in mind, or was this just speculative?
 
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