History of the British national debt both government borrowing and the national debt have risen dramatically, reaching around 70% of GDP by the end of 2012. The origins of the British national debt can be found during the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt. This syndicate soon evolved into the Bank of England, eventually financing the wars of the Duke of Marlborough and later Imperial conquests. The establishment of the bank was devised by Charles Montagu, 1st Earl of Halifax, in 1694, to the plan which had been proposed by
History of the Reign of King Henry VII History of the Reign of King Henry VII History of the Reign of King Henry VII is a 1622 work by the English writer Francis Bacon. It charts the reign of the first Tudor monarch Henry VII who took the throne from his rival Richard III in 1485. At the time of writing Bacon had recently fallen from political power, and completed the work in late 1621 and sent a copy to James I. It was published the following year. The book remains his only completed work of history. At the request of Charles, Prince of Wales he began work