WWI 100th anniversary: UK taxpayers still paying £2bn war loans to secret bankers

(Getty)
(Getty)

It’s a century since the outbreak of the First World War but British taxpayers are still paying for their country’s part in it – and a handful of banks is cashing in on hundreds of millions of pounds.

Every year £136m is shelled out in coupon payments to holders of the government debt – War Loans – used to fund the role of troops from the British Empire in WWI.

And the owners of 99% of the £1.94bn (€2.4bn, $3.26bn) WWI debt still around are a secret group of financial institutions.

My exclusive report.

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