History of the British national debt History of the British national debt The history of the British national debt can be traced back to the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt, which evolved into the Bank of England. In 1815, at the end of the Napoleonic Wars, British government debt reached a peak of £1 billion (that was more than 200% of GDP). At the beginning of the 20th century the national debt had been gradually reduced to around 30 percent of GDP. However, during World War I the British
Edward VI of England Thirty-nine Articles of 1563 were largely based on Cranmer's Forty-two Articles. The theological developments of Edward's reign provided a vital source of reference for Elizabeth's religious policies, though the internationalism of the Edwardian Reformation was never revived. Edward VI of England Edward VI (12 October 1537 – 6 July 1553) was King of England and Ireland from 28 January 1547 until his death. He was crowned on 20 February at the age of nine. Edward was the son of Henry VIII and Jane Seymour, and England's first monarch to be raised as a Protestant. During his reign, the realm was