How Will the U.K. Pay Off Its Vast Debt?

How Will the U.K. Pay Off Its Vast Debt?

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the history of the UK's national debt, starting from the reign of William III, through the Napoleonic Wars, and up to modern times. It highlights significant debt events, such as the 1976 IMF loan and long-term debts from the South Sea bubble and World Wars. The video also explores the current pandemic debt, comparing it to war debt, and discusses the potential long-term implications due to low interest rates and the Bank of England's bond-buying program. The need for future economic decisions to manage debt is emphasized.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some potential long-term implications of treating pandemic debt like war debt?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What warnings did Governor Andrew Bailey give regarding the Bank of England's intervention?

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