Britain finally repays all First World War debts more than 100 years after the outbreak of [tr]

UK Daily Mail ^ | March 10, 2015 | Tom McTague

[C19fan]

Britain's First World War debt has finally be repaid in full – more than 100 years after the outbreak of the conflict.

The Government repaid some £1.9billion still owed to more than 100,000 people who held 'War Bonds', issued in 1917 to help fund the military effort.

George Osborne said he could pay off the debts because he can borrow the money cheaper elsewhere.

[C19fan]

Interesting. I think the physical War Bonds would have collection value. The British also recently retired debt going back to the 18th century.

[iowamark]

Paying 3.5% for all those years. The current historically low interest rates means that the UK can now borrow money at lower interest.

[aquila48]

It’s hardly repaying a debt when you borrow money to repay it.

[Lonesome in Massachussets]

Correct. A better headline would have been

Britain Refinances War Debt More Than 100 Years After Start of Conflict

[molson209]

How much Tax would you have to pay ?

[a fool in paradise]

BUMP

[joethedrummer]

Well, it’s ABOUT time...

Now they can start chipping away at that pesky WWII debt!

/sarc

[Tallguy]

Yeah. in modern parlance that’s a “re-fi”.

[Vanders9]

True, but at least its lowering the interest repayments a little. The debt crisis is still there of course, but doing this is better than not doing it.

[Lonesome in Massachussets]

Absolutely no argument that it is the right thing to do. Just don’t call a re-fi a pay-off.