Payments to slave owners!

Reform Act 1832

The Act provided for payments to slave-owners. The amount of money to be spent on the payments was set at "the Sum of Twenty Million Pounds Sterling". Under the terms of the Act, the British government raised £20 million to pay out for the loss of the slaves as business assets to the registered owners of the freed slaves. In 1833, £20 million amounted to 40% of the Treasury's annual income or approximately 5% of British GDP at the time. To finance the payments, the British government took on a £15 million loan, finalised on 3 August 1835, with banker Nathan Mayer Rothschild and his brother-in-law Moses Montefiore; £5 million was paid out directly in government stock, worth £1.5 billion in present day. The money was not paid back by the British taxpayers until 2015...

Half of the money went to slave-owning families in the Caribbean and Africa, while the other half went to absentee owners living in Britain.

Everyone got paid except the ones that got enslaved till this day...The so called Black Race