Great read. Even though I grew up in the UK my gran raised my dad, uncle and aunt in Kolkata. She always used to teach me I b b this way. To the point where at 47 I am only now getting my first mortgage – as previously I’ve paid in cash.

It’s amazing to think that pre-WW2 Britain was pretty much the same as you’ve written. Most of the high borrowing issues seem to have come about in the last 40 years.