Jambo-Jimbo Posted October 19 Share Posted October 19 5 hours ago, jambo89 said: Wish I could take a loan out over 75 years. Some of it was in the form of bonds with no maturity date, effectively pay them off when you can (of course interest charged until you do so), as was the case in 2014 when the UK paid off it's WWI debt but also the debt from the South Sea Bubble of 1720 (not a typo). WWII debt was paid off in 2006. https://www.aljazeera.com/economy/2020/6/10/decades-of-debt-uks-finance-chief-told-to-make-gradual-pay-offs Quote Link to post Share on other sites
jambo89 Posted October 19 Share Posted October 19 (edited) 1 hour ago, Jambo-Jimbo said: Some of it was in the form of bonds with no maturity date, effectively pay them off when you can (of course interest charged until you do so), as was the case in 2014 when the UK paid off it's WWI debt but also the debt from the South Sea Bubble of 1720 (not a typo). WWII debt was paid off in 2006. https://www.aljazeera.com/economy/2020/6/10/decades-of-debt-uks-finance-chief-told-to-make-gradual-pay-offs Interesting about the South Sea bubble. Had never heard of that and that's my afternoon reading sorted. My original point was, if i have a debt of say £1 million on a credit card and I pay that credit card off, but in the meantime have accumulated a further £2 million in debt from another loan, I haven't really 'paid off my debts'. I realise it's not as simple as that, but interesting nontheless Edited October 19 by jambo89 Quote Link to post Share on other sites
ri Alban Posted October 19 Share Posted October 19 (edited) 3 hours ago, Harry Potter said: Imagine the interest😕. You had go and spoil, Hazza . Edited October 19 by ri Alban Quote Link to post Share on other sites
ri Alban Posted October 19 Share Posted October 19 (edited) 1 hour ago, Jambo-Jimbo said: Some of it was in the form of bonds with no maturity date, effectively pay them off when you can (of course interest charged until you do so), as was the case in 2014 when the UK paid off it's WWI debt but also the debt from the South Sea Bubble of 1720 (not a typo). WWII debt was paid off in 2006. https://www.aljazeera.com/economy/2020/6/10/decades-of-debt-uks-finance-chief-told-to-make-gradual-pay-offs 2020 they paid off some long time debt to America. The News said it was WW2 debt. Edited October 19 by ri Alban Quote Link to post Share on other sites
Jambo-Jimbo Posted October 19 Share Posted October 19 4 minutes ago, ri Alban said: 2020 they paid off some long time debt to America. The News said it was WW2 debt. 29 December 2006 the UK paid off the last of it's WWII debt, according to reports. https://www.politics.co.uk/news/2006/12/29/britain-finally-pays-off-wwii-debt/ https://www.warhistoryonline.com/instant-articles/britain-only-settled-debts.html 2020 might have been some other debt owed to the US, but it doesn't appear to have been for either WWI or WWII. Quote Link to post Share on other sites
ri Alban Posted October 19 Share Posted October 19 1 minute ago, Jambo-Jimbo said: 29 December 2006 the UK paid off the last of it's WWII debt, according to reports. https://www.politics.co.uk/news/2006/12/29/britain-finally-pays-off-wwii-debt/ https://www.warhistoryonline.com/instant-articles/britain-only-settled-debts.html 2020 might have been some other debt owed to the US, but it doesn't appear to have been for either WWI or WWII. 👍 Quote Link to post Share on other sites
ri Alban Posted October 19 Share Posted October 19 4 minutes ago, Jambo-Jimbo said: 29 December 2006 the UK paid off the last of it's WWII debt, according to reports. https://www.politics.co.uk/news/2006/12/29/britain-finally-pays-off-wwii-debt/ https://www.warhistoryonline.com/instant-articles/britain-only-settled-debts.html 2020 might have been some other debt owed to the US, but it doesn't appear to have been for either WWI or WWII. 👍 Still $368b in debt to the US. Quote Link to post Share on other sites
Jambo-Jimbo Posted Thursday at 18:38 Share Posted Thursday at 18:38 Scottish Power's CEO Keith Anderson, reckons that at least 20 more energy firms could go bust in the next month. If he's right then things are about to get a lot worse for an awful lot of people. https://news.sky.com/story/energy-boss-demands-price-cap-reform-as-firms-face-5bn-bill-for-market-mess-12439866 Quote Link to post Share on other sites
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