Between 1688 and 1815 the British governement always balanced its budget? True or False?

False. It went into debt during the French and Indian (7 years) war, at least.Between 1688 and 1815 the British governement always balanced its budget? True or False?
Absolutely untrue.


The National Debt was invented in the 1690s.


Its existence and growing size were a concern, or at least a pretext for concern, to many politicians, although it sounds tiny by today's standards. Smollet's Hist of England ends with the Peace of Aix in 1748 with a violent diatribe upon the Government, endind, 'and the National Debt swelled to the unprecedented sum of seventy millions Sterling'.