Spare a thought for Treasury officials, who are today sending off a cheque for £45 million to the United States Treasury, in the last payment of British war debt to our American, ahem, allies.
I suppose very few British people know that we are still repaying the United States for their assistance in World War II. At the end of the war, the US administration decided permanently to weaken Britain for strategic reasons, to ensure that the US emerged as a superpower. The lend lease repayment terms were set at a level intended to weaken Britain financially, and to force it to give up its aspirations to be an international empire.
With friends like this ….
War Loan Repayments
Anne Moffat: To ask the Chancellor of the Exchequer whether the UK Government continue to pay interest and capital reduction to the US in connection with lend lease and war loans; and if he will make a statement. 
Mr. Ivan Lewis: The Government intends to meet its obligations under the 1945 Agreement by repaying the United States Government in full the amounts lent in 1945. Repayment of the war loans to the United States Government are expected to be completed on 31 December 2006.