Chancellor George Osborne is to pay off the UK government's remaining debt from World War One, the government will repay the outstanding £1.9bn of debt from a 3.5% War Loan on 9 March 2015.
Blimey that's a long debt and what I don't understand is who we owe the money to? Angela My views & opinions are my own
I think Britain Borrowed, then borrowed against the initial borrowing to service the original loan. I'd be interested to know who we're repaying also... and more so, what would happen if we defaulted... surely there's a loophole out of the contract? :-D The First Choice for First Aid From Cardiff to Calcutta...
“Blimey that's a long debt and what I don't understand is who we owe the money to?”
This is a follow on announcement from October when he pledged to pay off some of the debt. Napoleonic, Crimean and First World War Debt to be paid I assume it will be the same format, so beneficiaries will be the owners of war bonds, which have passed down through the family. Check the attic for any paperwork!
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Blimey that's a long debt and what I don't understand is who we owe the money to?” probably compensation to french farmers for digging the fields up Shakester |
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