Quote:
Originally Posted by martyh
Since 26/01/2011 the UK has received £34,447,162,692 in loans from the EIB for everything from social housing new builds to the new battery plant for the Leaf at Nissan ,i don't know if the repayments are cheap or even if some of that figure is grant money but either way it is a huge amount of money to have access to .
http://www.eib.org/projects/loans/re...n-union/gb.htm |
Indeed it is but can't you see you are only getting what you've paid in and they are charging interest on it by loaning it back to us? Doesn't seem like good business sense to me. We have all this money, we send it to the EU, we borrow it back, we pay interest as well as the loan. Is it not better to keep the money here in the first place?