This was a very illuminating post on the situation with UK Debt. All that inflow from the empire, the North Sea Oil, all that and where the hell did all that money go?
We owned $4.25 billion to USA at the end of WW1. UK defaulted on this.
We took $435 billion for free from USA in lend lease and another $65 billion at 2% from USA as well as $15bn from Canada.
Unbelievable. And we are still spending like a drunken sailor. What the hell is this country doing with its financials? Why are the combined set of politicians being so stupid? Bloody hell.