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
Coronation of the Danish monarch Coronation of the Danish monarch The coronation of the Danish monarch was a religious ceremony in which the accession of the Danish monarch was marked by a coronation ceremony. It was held in various forms from 1170 to 1840, mostly in Lund Cathedral in Lund, St. Mary's Cathedral in Copenhagen and in the chapel of Frederiksborg Palace in Hillerød. Enthronements of the Danish monarch may be historically divided into three distinct types of rituals: the medieval coronation, which existed during the period of elective monarchy; the anointing ritual, which replaced coronation with the introduction of absolute monarchy in 1660; and