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  • I Advice - Final War Debts Repaid

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    e the amounts paid over the last 60 years have results in total payments of 200% of the original loans, the funds were vita
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    It was recently announced that the UK Government were about to repay the last instalments of the UK’s war loans from 1945 and 1946. Loans of $4.33 billion and $1.19 billion were lent to the UK Government by the US and Canadian Governments respectfully, to help build the war torn economy of the UK after World War II.

    After taking into account the interest rate, which was only 2%, the US will have received total repayments of some $7.5 billion, with Canada receiving $2 billion. While the amounts paid over the last 60 years have results in total payments of 200% of the original loans, the funds were vital

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    nd 1946. Loans of $4.33 billion and $1.19 billion were lent to the UK Government by the US and Canadian Governments respectfully, to help build the war torn economy of the UK after World War II.

    After taking into account the interest rate, which was only 2%, the US will have received total repayments of some $7.5 billion, with Canada receiving $2 billion. While the amounts paid over the last 60 years have results in total payments of 200% of the original loans, the funds were vita

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    tfully, to help build the war torn economy of the UK after World War II.

    After taking into account the interest rate, which was only 2%, the US will have received total repayments of some $7.5 billion, with Canada receiving $2 billion. While the amounts paid over the last 60 years have results in total payments of 200% of the original loans, the funds were vita

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    which was only 2%, the US will have received total repayments of some $7.5 billion, with Canada receiving $2 billion. While the amounts paid over the last 60 years have results in total payments of 200% of the original loans, the funds were vita
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    e the amounts paid over the last 60 years have results in total payments of 200% of the original loans, the funds were vital to the recovery of the UK after the demolition of many great areas of the economy.

    Despite the very low rate of interest, it is surprising that it has taken the UK Government over 60 years to complete repayment. The interest roll has been fairly large, not helped by a 5 year period when all payments were deferred due to a mixture of economic hardship in the UK, and political infighting.

    While the finances of the UK Treasury appear to be in good shape at the moment due to a m

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