Recovery Bond

Recovery Bond

The pandemic is creating debt for national/local government, businesses, charities and households. The UK Govt can create a consolidated bond to permit investment and refinancing. "Consols" pay a fixed rate of interest, with the principal never being repaid. The value of the asset is in the accumulated interest paid over time. These were used to finance the Napoleonic and WW1 wars. This is being proposed by George Soros for the EU, but could be created here too.


"Here at Abundance, we’re proposing a ‘citizen-led’ solution that meets the needs of Local Authorities, while actively engaging national and local communities with decarbonisation":

Short term debt and the inability to refinance in an uncertain time will cause further economic damage at every level unless addressed strategically.

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