Napoleonic, Crimean and First World War Debt to be paid

By : Administrator
Published 31st October 2014 |
Read latest comment - 3rd December 2014

How's that for a long standing debt!

Cracking story about how the Government is paying off some of the remaining £2bn First World War Debt, plus some debt which goes back to the Napoleonic and Crimean wars!

The government is going to buy back part of the debt by redeeming bonds first issued during the First World War by Chancellor Winston Churchill

Maybe in 90 years our great grand kids will hear how the Government has paid off the 2008 recession debt, plus a few years worth of conflict in Iraq and Afghanistan 


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments

Well following on from the October announcement to repay some WW1 debt, our man George has now decided to repay all of the outstanding £1.9bn in loans relating to the WW1. Which will be a nice unexpected windfall for anyone who has inherited bonds from their great grand parents.

George Osborne said: "This is a moment for Britain to be proud of. We can, at last, pay off the debts Britain incurred to fight the First World War.

BBC News

 

But if you see him in the pub and asks if he can borrow a tenner, I'd say no 


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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