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Re: It's a proud moment for the UK!

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 04 Dec 14 5:52 PM | 26 view(s)
Boardmark this board | The Trust Matrix 		Msg. 16390 of 54959
(This msg. is a reply to 16389 by faul)
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so would your opinion be different if it turned out the repayment was 1/10th as much?

great deal, right.

you have agreed that the value of the principle is reduced considerably over a century. so we aren't repaying something that is a great burden to this generation.

and perhaps you are also aware that retirement of debt at 3.5% is a great idea when you can replace it by issuing fresh debt at 3% if you wish.

and let's say you can use the new debt at 3% to build a power station that yields 6%, say. that would be sensible even in your book, wouldn't it?


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The above is a reply to the following message:
Re: It's a proud moment for the UK!
By: faul in ALEA
Thu, 04 Dec 14 5:01 PM 		Msg. 16389 of 54959

A £2 billion loan at 3.5% interest over 100
years means a total repayment of £66 billion.

So in your opinion repaying the debt over 30
times is good for the economy & tax payers who
pay that debt back to the creditors?

If it's such a great thing,let's repay over
a thousand years afterall it's only......

£3,014,482,428,897,376,677,658,624.00

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