Meanwhile ... interest of government debt is 100 billion a year.
That's 1 followed by 11 zeros
100,000,000,000
100 billion divided by 52 weeks is not far off 2 billion a week
1,923,076,923
On a daily basis that leaves British tax payers paying City of London bankers nearly a quarter of a billion quid every day, or ...
£274 million 725 thousand 274 pounds and 72pence on interest on debt accrued since de 08 Wank bailout and Divoc 19 plandemic.
Call it what it is, free money. A transfer of money. A transfer of wealth.
Why the at that time Conservative government decided to pay back the City of London incorporated at a floating rate rather than a fixed one is not one of life's great mysteries.
What is something of a mystery is how they actually managed to get away with it.
"The City of London is not a sovereign state. It is a local government district and ceremonial county within England, which is part of the United Kingdom.
While the City of London (often called the "Square Mile") has a unique legal status (sui generis) and its own governing body, the City of London Corporation, it lacks the fundamental characteristics of sovereignty. It does not have independent foreign policy, its own constitution, or the power to secede from the UK. All laws ultimately derive from the UK Parliament in Westminster, and the area is subject to national British laws.
Key distinctions include:
Sovereignty: The United Kingdom is the sovereign state the City of London is a subordinate administrative entity.
Governance: It is governed by the City of London Corporation, but its Lord Mayor is appointed by the Crown and must seek permission to enter the City, unlike a head of state.
Comparison: Unlike Vatican City, which is an independent sovereign state, the City of London is comparable to other major cities with special local authorities, such as Washington, D.C. or New York City, albeit with historic privileges."
https://killercharts.blog/p/uk-debt-interest-passes-100-billion
Edited on 16/07/2026 at 18:56:52.
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The alternate was to have reasonable energy prices.....[more]