Isn't it amazing how important milestones can go seemingly unnoticed?
On December 31, the UK finished paying back the money it borrowed from the USA to pay for our recovery after the Second World War. Amazingly, everything that the USA sent to us DURING the war was free - food, tanks, ships, aeroplanes, the lot! That was something that I had not realised, the term "Lend Lease" implying that we were paying for the stuff, at least to me!
After the war we needed to rebuild, well, just about everything and our good friends over the pond gave massive loans at very low rates so that we could do it.
Possibly a coinsidence, I noticed a report today that announced that living standards in the UK might be about to overtake those in the US for the first time since the 17th Century (ie when England owned America). Could it be that this is because we will have stopped paying off our loan and will be able to put the money to better use at home? Will the US really be missing our payments that much? I sincerely doubt it! But just in case, George, if you want a loan...