While I'm on a Rant-Roll about Britain's budgetary problems, I probably should attempt 'fair and balanced reporting.
Today, Britain made the last installment-plan payment on the 4.3 billion dollars it borrowed from the United States, and 1.2 billion dollars from Canada ... sixty years ago.
The loan, coming at the end of WWII ("The Big One") was intended "to finance vital reconstruction". It was paid back at the agreed 2% interest rate. The final payments brought the total return to about twice the principle.
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