How many times

[said]

How many times since the last war, has the UK been bankrupt or near bankruptcy?

"The national debt increased from £650m in 1914 to £7.4 billion in 1919. During World War II the Government was again forced to borrow heavily in order to finance war with the Axis powers. After the war the debt gradually decreased as a proportion of GDP, but in the 1970s, following a Sterling crisis, the British Government was forced to seek help from the International Monetary Fund (IMF)."

"In the late 1990s and early 2000s the national debt again dropped in relative terms, falling to 29% of GDP by 2002. After that it began to increase, despite sustained economic growth, as the Labour Government led by Tony Blair substantially increased public expenditure."

So when was the next financial crisis after that?

[said]

How many times since the last war, has the UK been bankrupt or near bankruptcy?

"The national debt increased from £650m in 1914 to £7.4 billion in 1919. During World War II the Government was again forced to borrow heavily in order to finance war with the Axis powers. After the war the debt gradually decreased as a proportion of GDP, but in the 1970s, following a Sterling crisis, the British Government was forced to seek help from the International Monetary Fund (IMF)."

"In the late 1990s and early 2000s the national debt again dropped in relative terms, falling to 29% of GDP by 2002. After that it began to increase, despite sustained economic growth, as the Labour Government led by Tony Blair substantially increased public expenditure."

So when was the next financial crisis after that?

What's up? Didn't the BBC tell you?

[salus.populi]

The answer is never.
A sovereign nation that issues its own currency can never go bankrupt.

And why do you appear to be arguing with yourself?

[said]

The answer is never.
A sovereign nation that issues its own currency can never go bankrupt.

And why do you appear to be arguing with yourself?

Because no-one else will. Actually you are wrong - the Bank of England had to step in and for the first time ever, the UK was forced to use QE - if it had not been for that, the consequences would have been dire. When was it?

[gsgsgs]

Because no-one else will. Actually you are wrong - the Bank of England had to step in and for the first time ever, the UK was forced to use QE - if it had not been for that, the consequences would have been dire. When was it?

2009
2012
2016
2020

[salus.populi]

Because no-one else will. Actually you are wrong - the Bank of England had to step in and for the first time ever, the UK was forced to use QE - if it had not been for that, the consequences would have been dire. When was it?

The consequences would not have been bankruptcy.
The correct term would be sovereign default.

[*concerned*]

This has to be saved for posterity - Said forgot to log out, then log in again with another user name, thus he answered his own question

[silver fox]

The answer is never.
A sovereign nation that issues its own currency can never go bankrupt.

And why do you appear to be arguing with yourself?

The only person I know of, who can argue with themselves and still lose the argument.

[Ceam]

The answer is never.
A sovereign nation that issues its own currency can never go bankrupt.

And why do you appear to be arguing with yourself?

Because everyone is sick of giving them any attention.

[Ceam]

This has to be saved for posterity - Said forgot to log out, then log in again with another user name, thus he answered his own question

Yep, The desperation for attention is real..

[Toodles McGinty]

This has to be saved for posterity - Said forgot to log out, then log in again with another user name, thus he answered his own question

I'm wondering which user name he was going to sign in with.

Then again, its usually fairly obvious.

Sniping about the BBC is a regular answer to most posts, so I'm guessing the original post was meant to be one of his / her / their alter egos.

Or his / her / their alter egos might just be arguing among themselves.

[said]

I'm wondering which user name he was going to sign in with.

Then again, its usually fairly obvious.

Sniping about the BBC is a regular answer to most posts, so I'm guessing the original post was meant to be one of his / her / their alter egos.

Or his / her / their alter egos might just be arguing among themselves.

It is not sniping about the BBC, eggheads - it is merely pointing out that if anything has not been broadcast by the BBC, then you people have no knowledge of it. Obviously.

[Ceam]

It is not sniping about the BBC, eggheads - it is merely pointing out that if anything has not been broadcast by the BBC, then you people have no knowledge of it. Obviously.

.

then you people

what people are they?

Are you a different type of person. Or are you several different type of people. Do you all not watch the BBC, or do some of you watch it and not tell the others in your head?

[Alikado]

.


what people are they?

Are you a different type of person. Or are you several different type of people. Do you all not watch the BBC, or do some of you watch it and not tell the others in your head?

The shadow people.