LONDON, Oct. 31 (UPI) -- Some of the debt from financing the cost of World War I is about to be paid off, the British government announced Friday.
The British Treasury will retire 218 million pounds ($347.9 million) of bonds by paying them in full, part of the 2 billion pounds ($3.19 billion) it accrued to fight the war a century ago. The debt has not been paid because of the bonds' low rate of interest, four percent, but there remain 11,290 registered bond holders to whom the government owes money.