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Britain is in debt because an elected Labour government of the country spent more money than was collected from taxes. This Labour government financed this its overspending by borrowing money on the capitalist markets. As the money was borrowed, it attracts interest charges and the amount borrowed and all the interest has to be paid back by increasing taxes and reducing government expenditure.
What else can I help you with?
Who was France and Britain in dept to after the war?
America.
Why did the great Britain need to raise money?
they were in dept and at war
Britain looked to the colonies as a source of revenue?
they wanted to repay a large dept.
Why did England hope to raise revenue in the colonies?
Because Britain owed a large dept from the French and Indian War
What has the author Mary Blewitt written?
Mary Blewitt has written: 'Surveys of the seas' -- subject(s): Great Britain, Great Britain. Hydrographic Dept, History, Hydrographic surveying, Nautical charts
What has the author John Wardroper written?
John Wardroper has written: 'Juggernaut' -- subject(s): Government policy, Great Britain, Great Britain. Dept. of Transport, Trucking 'Lovers, Rakes, and Rogues'
Which dept never headed by female?
Dept of Defense Dept of agriculture
What has the author Patricia Greer written?
Patricia Greer has written: 'Transforming central government' -- subject(s): Administrative agencies, Civil service reform, Great Britain, Great Britain. Dept. of Social Security, Politics and government, Reorganization
What colony was King George III in?
King George was not in a colony. He was the ruler of Great Britain at the time. He was taxing the colonists to pay off his dept for the French and Indian War.
What has the author John Campbell written?
John Campbell Campbell has written: 'Life of John, Lord Campbell' -- subject(s): Politics and government, Courts, Great Britain. Lord Chancellor's Dept., Judges, Great Britain, Biography 'Reports of cases determined at nisi prius, in the courts of King's Bench and Common Pleas, and on the Home Circuit ..' -- subject(s): Law reports, digests 'Speeches of Lord Campbell, at the bar, and in the House of commons' -- subject(s): Politics and government, Trials 'The lives of the chief justices of England' -- subject(s): Accessible book, Biography, Chief justices, Great Britain, Judges 'The lives of the Lord Chancellors and Keepers of the Great Seal of England from the earliest times till the reign of King George IV' -- subject(s): Great Britain. Lord Chancellor's Dept., Great Britain 'The lives of the lords chancellors and keepers of the great seal of England' -- subject(s): Accessible book, Biography, Great Britain, Great Britain. Lord Chancellor's Dept, Great Britain. Lord Chancellor's Dept. 'The lives of the chief justices of England ...' -- subject(s): Judges 'The lives of the Lord Chancellors and Keepers of the Great Seal of England, from the earliest times till the reign of King George IV' -- subject(s): Accessible book, Biography, Great Britain, Great Britain. Lord Chancellor's Dept, Judges 'Letter to the Right Hon. Lord Stanley, M.P. for North Lancashire, on the law of church rates' -- subject(s): Church tax 'The Lives of the Chief Justices of England' 'Lives of the Lord Chancellors and keepers of the Great Seal of England from the earliest times till the reign of Queen Victoria' -- subject(s): Great Britain. Lord Chancellor's Dept., Judges, Great Britain, Statesmen 'Lives of the lord chancellors and keepers of the great seal of England, from the earliest times tillthe reign of King George IV' 'The lives of the Lord Chancellors and Keepers of the Great Seal of England' -- subject(s): Accessible book, Biography, Great Britain, Great Britain. Lord Chancellor's Dept, Judges, Great Britain. Lord Chancellor's Dept. 'The lives of the chief justices of England' -- subject(s): Biographies, Judges, Juges, Biography 'Shakespeare's legal acquirements considered, in a letter to J. Payne Collier' -- subject(s): Law, Knowledge
How did tge colonists feel about paying for dept?
Dept? What is dept? Dept. (note the period) is an abbreviation for department but that is surely not what you mean. There is no such English word as dept. Of course, there is no such English word as tge either.
What is dept rescheduling?
steps in rescheduling the dept
