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In 1934, Britain owed the US $4.4bn of World War I debt (about £866m at 1934 exchange rates). Adjusted by the Retail Price Index, a typical measure o… - Peter Hitchens
" "In 1934, Britain owed the US $4.4bn of World War I debt (about £866m at 1934 exchange rates). Adjusted by the Retail Price Index, a typical measure of inflation, £866m would equate to £40bn now, and if adjusted by the growth of GDP, to about £225bn. pg. 48
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About Peter Hitchens
Peter Jonathan Hitchens (born 28 October 1951) is an English conservative author, broadcaster, journalist, and commentator. He writes for The Mail on Sunday and was a foreign correspondent reporting from both Moscow and Washington, D.C.
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Peter Jonathan Hitchens
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Every Prime Minister since Edward Heath has come back from negotiations with Brussels without his trousers, and without his wallet, and said, "I've just won an fantastic victory". They keep on doing it. They've always lost, the European Union will always take us for a ride - that is what it's for, and until we leave it, it will continue to do so.
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