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
The Reign of Terror (Doctor Who) The Reign of Terror (Doctor Who) The Reign of Terror is the partly missing eighth serial in the British science fiction television series "Doctor Who", which was first broadcast on BBC1 in six weekly parts from 8 August to 12 September 1964. It was written by Dennis Spooner and directed by Henric Hirsch. In the serial, the First Doctor (William Hartnell), his granddaughter Susan (Carole Ann Ford), and teachers Ian Chesterton (William Russell) and Barbara Wright (Jacqueline Hill) arrive in France during the period of the French Revolution known as the Reign of Terror, where they become involved with prisoners