Facts About England

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Facts About England

Bank of England was founded in 1694. That is 323 years ago.

The country has experienced 60 business cycles, 6 major wars and 6 large financial crises.

With the many centuries of financial management, we can learn how England financed her wars and financial crisis.

During the war, England used deficit budgets while during peacetime the country operated on surplus budgets.

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Geoffrey Kerosi, economic and public policy analyst based in Nairobi City. Email: geoffrey@kerosi.com. WhatsApp: +254713 639 776 YouTube: Kerosi TV

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