Sunday, May 08, 2005
And They Still Haven't Paid Us For All That Delicious Spam
Did you know that Britain is still paying World War II debts to the US? Me neither.
According to today's Times of London:
The American forces who helped Winston Churchill to defeat the Nazis may have been “overpaid, oversexed and over here” but the money that Britain borrowed from the US government is overdue.
Gordon Brown’s Treasury officials will write cheques totalling £43.5m — equivalent to 94p for every adult — over the next few months in final settlement of a £1 billion loan taken out in 1945 and worth more than £50 billion today.
It should have been repaid by 1999 but governments deferred annual payments six times, mostly in the hard-up 1970s. Brown is committed to pay it off by 2006.
Hey, wouldn't it be funny if we fooled Britain into getting into another war and piling up a bunch more debt and.... oh, right.
Never mind.
According to today's Times of London:
The American forces who helped Winston Churchill to defeat the Nazis may have been “overpaid, oversexed and over here” but the money that Britain borrowed from the US government is overdue.
Gordon Brown’s Treasury officials will write cheques totalling £43.5m — equivalent to 94p for every adult — over the next few months in final settlement of a £1 billion loan taken out in 1945 and worth more than £50 billion today.
It should have been repaid by 1999 but governments deferred annual payments six times, mostly in the hard-up 1970s. Brown is committed to pay it off by 2006.
Hey, wouldn't it be funny if we fooled Britain into getting into another war and piling up a bunch more debt and.... oh, right.
Never mind.
