› added 8 years ago

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TIL that a loan of £1000 at the rate of 6% p.a. was given by a UK school to the city of St Albans in 1722. St. Albans City council, despite acknowledging the loan, has not made any repayments on it. As of 2012, the debt stands at £21,800,000,000 (21.8 billion GPB).

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