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During the COVID-19 pandemic, national debt reached £2.004 trillion for the first time due to government spending on virus measures, such as the Coronavirus Job Retention Scheme ("furlough scheme"). [22] The national debt stood at £1.786 trillion at the calendar year end 2018, or 85.2% of GDP; as published by the Office for National ...
In the late 1990s and early 2000s the national debt again dropped in relative terms, falling to 29% of GDP by 2002. After that it began to increase, despite sustained economic growth, as the Labour government led by Tony Blair increased public expenditure. By 2007 the national debt had increased to 37% of GDP.
A smoking ban comes into effect in all enclosed public places in England. [40] Concert for Diana held in memory of Diana, Princess of Wales. 2 July Michael Mullen, 21, of Leeds, is sentenced to life imprisonment for the rape and murder of his two-year-old niece Casey Leigh Mullen, who died at her home in the city on 11 February this year. The ...
This is a list of lists of deaths of notable people, organized by year. New deaths articles are added to their respective month (e.g., Deaths in January 2025 ) and then linked below. 2025
National Express coach accident: A National Express coach from London Heathrow Airport to Aberdeen, Scotland crashes on a slip road between the M4 and the M25, killing two people and injuring thirty-six others. [1] On 4 January, in response, National Express withdraw all 12 of their Neoplan Skyliner double-decker coaches as a precaution. [2]
In 1835, the national debt hit a low of $33,733 when Andrew Jackson was president. But the U.S. started borrowing again as the economy entered a recession in 1837.
Latin American debt crisis [23] 1988–89: Latin American debt crisis [23] 2001: Following years of instability, the Argentine economic crisis (1999–2002) came to a head, and a new government announced it could not meet its public debt obligations. [23] 2005–16: Argentine debt restructuring. 2014 [24] [25] 2020 [26] Bolivia: 1927 [2] Brazil ...
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. [3]