UK was actually reducing their debt as percentage of GDP throughout 1960s. It went down below 100% in 1961 and kept going down all the way to 1990 or so. The de

UK was actually reducing their debt as percentage of GDP throughout 1960s. It went down below 100% in 1961 and kept going down all the way to 1990 or so. The debt had originally climbed to over 250% as a result of financing the two world wars.