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 Day They Robbed the Bank of England The Day They Robbed the Bank of England The Day They Robbed the Bank of England is a 1960 British crime film directed by John Guillermin. It was written by Howard Clewes and Richard Maibaum and based upon a novel by John Brophy. Peter O'Toole's role in the film led him to be cast as the lead in "Lawrence of Arabia", released two years later. The film is set in London at the turn of the 20th century, in 1901. While Ireland struggles for independence, Charles Norgate (Aldo Ray), an Irish-American, arrives in London after being recruited by Irish revolutionaries