10/06/2010

Who is the money owed to?

This is a serious question asked for the sake of an answer, rather than to make a political point.

Apparently the UK owes £890 billion pounds. Who does it owe the money to? Is it to some of the banks that it borrowed money in order to bail them out?

3 comments:

  1. To some of them, because banks are required to hold a certain proportion of gilts in reserves as capital.

    Some of the rest will be to financial dealers, quite a lot to pension funds, other governments, etc.

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  2. Anybody & everybody who've bought government backed bonds I suppose.

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  3. all of the 890 billion is owed to peter black a.m.

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