The war effort

I have war stock.

What’s war stock?

War stock is when the Government sell bonds to finance a war effort.

Cool, which war?

Well I didn’t know until yesterday, but the First World War.

How come you have war stock for the First World War?

It’s called inheritance.  I could have cashed it in but it is a small amount and I liked the reminder that my family had supported the war effort when the country needed it.  I had thought it was Second World War stock but this appears to have made it through two generations.

Great.  And…?

Well the Government don’t want this piece of history to exist anymore. 

Uh?

They want to pay back the debt.

Why?

Well debt is cheaper at the moment so they can pay this back and get cheaper debt.  I think this is a bit of a shame.

Ok, where can I go to find out more?

Here:

https://www.gov.uk/government/news/chancellor-to-repay-the-nations-first-world-war-debt