Ali wrote:
> And the amount of money they had to pay the US.
>
> It was only recently (maybe the last few years) that the UK finished
> paying off the dept to the US, with an enormous amount of interest.
> Still, not important, just food for thought.
>
>
> "Goomba38" > wrote in message
> . ..
>
>> One apparently reason is that younger European generations don't have
>> first hand memories of the time American's stepped in during WW2 and
>> helped them during or after the war.
>
The lend lease from the US was stopped in September, 1945. The loan that
was paid off in December, 2006 was for lend lease materials still in
transit or on hand at that time. Something over 1 billion pounds was
involved and the loan was for fifty years at 2% interest per annum. The
House of Lords and the Commons both thought it was a good deal so final
payment was delayed by six years whenever the pound rose much higher
than the US dollar. All of this information is found on the web easily
and it was not at an exorbitant interest rate.

IMHO most young Brits don't even know about the last loan, at least the
ones I worked with for several years didn't.

The UK was not the only recipient of US Lend Lease, Soviet Union,
Republic of China, and numerous others were also involved. Many of whom
never repaid a cent. The Brits were honest in their dealings and so was
the US. One man's opinion based on written history, take it or leave it.