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Originally Posted by Letum
The UK is still in a vast ammount of debt tho, much of it to America.
The UK national debt as at the end of 2003 - the last date for accurate(ish) figures was...£437.4 billion
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that is negligable compared to the debt the US has. national economies are a just a bit dodgy that way. you can owe lots but it doesnt matter as long as the economy can hold it. Britain may be in debt but compared to unstable economies like zimbabwe our financial 'troubles' are trife.
this latest payment of £45 million is the last of 80 or so.
nb, the us offered to write off the debt years ago the other countries under the land-lease scheme accepted, Britain refused and payed off the full debt on principle.