Thread: Now They Can Save For Retirement.

I know I'm a little late but hey, this is news man.......

Britain will settle its World War II debts to the US and Canada when it pays two final instalments before the close of 2006, the Treasury has said.
The payments of $83.25m (£42.5m) to the US and US$22.7m (£11.6m) to Canada are the last of 50 instalments since 1950.

The amount paid back is nearly double that loaned in 1945 and 1946. "This week we finally honour in full our commitments to the US and Canada for the support they gave us 60 years ago," said Treasury Minister Ed Balls.

"It was vital support which helped Britain defeat Nazi Germany and secure peace and prosperity in the post-war period. We honour our commitments to them now as they honoured their commitments to us all those years ago," he added.

The last payments will be made on Friday, the final working day of the year.

Deferred

Under the lend-lease programme, which began in March 1941, the then neutral US could provide countries fighting Adolf Hitler with war material.

The US joined the war soon after - in the wake of the attack on Pearl Harbour - and the programme ended in 1945.

Equipment left over in Britain at the end of hostilities and still needed had to be paid for.

The US loaned $4.33bn (£2.2bn) to Britain in 1945, while Canada loaned US$1.19 bn (£607m) in 1946, at a rate of 2% annual interest.

Upon the final payments, the UK will have paid back a total of $7.5bn (£3.8bn) to the US and US$2 bn (£1bn) to Canada.

Despite the favourable rates there were six years in which Britain deferred payment because of economic or political crises.

There are still World War I debts owed to and by Britain. Since a moratorium on all debts from that conflict was agreed at the height of the Great Depression, no repayments have been made to or received from other nations since 1934
BBC NEWS | UK | UK settles WWII debts to allies

Ah just in time, now i don't have to get angry about the fact that my tax money is going to america ^^ good good

Originally Posted by Sparta

I know I'm a little late but hey, this is news man.......

Britain will settle its World War II debts to the US and Canada when it pays two final instalments before the close of 2006, the Treasury has said.
The payments of $83.25m (£42.5m) to the US and US$22.7m (£11.6m) to Canada are the last of 50 instalments since 1950.

The amount paid back is nearly double that loaned in 1945 and 1946. "This week we finally honour in full our commitments to the US and Canada for the support they gave us 60 years ago," said Treasury Minister Ed Balls.

"It was vital support which helped Britain defeat Nazi Germany and secure peace and prosperity in the post-war period. We honour our commitments to them now as they honoured their commitments to us all those years ago," he added.

The last payments will be made on Friday, the final working day of the year.

Deferred

Under the lend-lease programme, which began in March 1941, the then neutral US could provide countries fighting Adolf Hitler with war material.

The US joined the war soon after - in the wake of the attack on Pearl Harbour - and the programme ended in 1945.

Equipment left over in Britain at the end of hostilities and still needed had to be paid for.

The US loaned $4.33bn (£2.2bn) to Britain in 1945, while Canada loaned US$1.19 bn (£607m) in 1946, at a rate of 2% annual interest.

Upon the final payments, the UK will have paid back a total of $7.5bn (£3.8bn) to the US and US$2 bn (£1bn) to Canada.

Despite the favourable rates there were six years in which Britain deferred payment because of economic or political crises.

There are still World War I debts owed to and by Britain. Since a moratorium on all debts from that conflict was agreed at the height of the Great Depression, no repayments have been made to or received from other nations since 1934
BBC NEWS | UK | UK settles WWII debts to allies

How much did we lend the Soviets? Did they pay any of it back?

Originally Posted by Roach

Ah just in time, now i don't have to get angry about the fact that my tax money is going to america ^^ good good

Yeah, thanks to %2 interest, wtf? I won't ever let you talk junk again.

Originally Posted by Sparta

Yeah, thanks to %2 interest, wtf? I won't ever let you talk junk again.

yup, below inflation and everything, ah well thanks guys ^^ nice to call the debt done. now we don't owe you squat

Originally Posted by justoneman

How much did we lend the Soviets? Did they pay any of it back?

Russias paid up.