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As the 1980s and 1990s progressed, the proportion of debt to GDP fluctuated up and down according to how the wider economy was performing, remaining relatively constant during the early 1980s recession, falling in the latter half of the decade, and rising again as the early 1990s recession reduced tax receipts. In the late 1990s and early 2000s ...
Like other sovereign debt, the British national debt is rated by various ratings agencies. On 23 February 2013, it was reported that Moody's had downgraded UK debt from Aaa to Aa1, the first time since 1978 that the country has not had an AAA credit rating. [12] This was described as a "humiliating blow" by Shadow Chancellor Ed Balls. George ...
This article presents a timeline of events in the history of the United Kingdom from 1970 until 1989. For a narrative explaining the overall developments, see the related history of the British Isles .
Government borrowing for debt (10-year bond) increased to over 15% in the 1970s and early 1980s. The 1973 oil crisis caused an increase in the price of Brent Crude. Initiation of the inflationary cycle is traced to Anthony Barber's 1972 budget which was designed to return the Conservatives to power in an election expected in 1974 or 1975.
Gross domestic product (GDP) in England 1270 to 2016 [1]. The economic history of the United Kingdom relates the economic development in the British state from the absorption of Wales into the Kingdom of England after 1535 to the modern United Kingdom of Great Britain and Northern Ireland of the early 21st century.
British credit crisis of 1772–1773 – started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce, and Down. War of American Independence Financing Crisis (1776) (United States) – The French monarchy went deeply into debt to finance its 1.4 billion livre support for the colonial rebels; Spain invested 700 ...
This is a timeline of British history, comprising important legal and territorial changes and political events in the United Kingdom and its predecessor states. To read about the background to these events, see History of England, History of Wales, History of Scotland, History of Ireland, Formation of the United Kingdom of Great Britain and Northern Ireland and History of the United Kingdom
The secondary banks, like the larger institutions, had been lending heavily based on the previously rising housing prices of the late 1960s and early 1970s, borrowing excessively in relation to the collateral assets.