The Mudcat Café TM
Thread #97568 Message #1922540
Posted By: Uncle_DaveO
30-Dec-06 - 04:49 PM
Thread Name: BS: At last the UK pays up double.
Subject: RE: BS: At last the UK pays up double.
When you consider that it's a loan over sixty years, doubling the principal in total repayment makes a very low interest rate, even if it were in constant pounds/dollars.
And when you consider the shrinkage in buying power of the pounds/dollars involved, Britain got very substantial discount!