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About 3 ⁄ 7 of British national debt in 1776, and 1 ⁄ 3 of major stocks like the East India Company, were held by Dutch bankers. [ 4 ] In 1815, at the end of the Napoleonic Wars , British government debt reached a peak of £1 billion (that was more than 200% of GDP).
An act to repeal the additional Duty on British-made Wine or Sweets granted by an Act of this Session of Parliament. ... National Debt (No. 4) Act 1815 (repealed)
The national debt of the United Kingdom was at a record high percentage of the GDP as the Napoleonic wars ended, but was largely repaid by 1914. The British budget in 1814 reached £66 million, including £10 million for the Navy, £40 million for the Army, £10 million for the Allies, and £38 million as interest on the national debt.
The British budget in 1814 reached £66 million, including £10 million for the Navy, £40 million for the Army, £10 million for the Allies, and £38 million as interest on the national debt. The national debt soared to £679 million, more than double the GDP.
The national debt consequently soared from £625 million to £7.8 billion. ... Patrick K. "The political economy of British taxation, 1660‐1815", in Economic ...
The British budget in 1814 reached £66 million, including £10 million for the Navy, £40 million for the Army, £10 million for the Allies, and £38 million as interest on the national debt. The national debt soared to £679 million, more than double the GDP.
31 July – The 1815 Philadelphia train accident, a boiler explosion, kills at least 13 people in County Durham. 1 August – William Smith publishes the first national geological map of the UK, A Delineation of the Strata of England and Wales, with part of Scotland. [8]
Interest payments on UK national debt as percentage of GDP, 1900-2011. Distinct from both the national debt and the PSNCR is the interest that the government must pay to service the existing national debt. In 2012, the annual cost of servicing the public debt amounted to around £43bn, or roughly 3% of GDP. [11]