ABSTRACT
This impressive and pioneering work describes and analyses the management of the national debt of the United Kingdom from the Boer War (1899-1902) to the period of the Great Depression in the early 1930s. It therefore spans the expansion of the debt during the Great War of 1914-18 and the struggle to bring its structure and cost under control in the decade and a half following Armistice.
The Management of the National Debt in the United Kingdom is the first definitive work on the subject. Using an impressive array of research, from archives and unpublished material, Jeremy Wormell has brought together material that is unavailable in any other form. It will be an invaluable resource for political and economic historians, as well as economists in general, civil servants, bankers and financial journalists.
TABLE OF CONTENTS
part |62 pages
The foundations of the twentieth-century debt
chapter |26 pages
Sinking funds, annuities and savings banks
chapter |34 pages
An Edwardian debt
part |316 pages
The Great War
chapter |26 pages
Lloyd George's Loan
chapter |33 pages
McKenna's Conversion
chapter |26 pages
The small saver and continuous borrowing
chapter |37 pages
The beginning of overseas borrowing and the Anglo-French Loan
chapter |30 pages
Bonar Law's Loans
chapter |33 pages
National War Bonds and continuous borrowing
part |343 pages
Repayment, refinancing, conversion and funding