31 January 1921
The Inter-Allied Conference in Paris agreed the war reparations that Germany would be required to pay. They were assessed at a total of £11 billion which would be repaid over 42 years, alongside an additional 12% tax on German exports which would also last for 42 years. David Lloyd George, the Prime Minister, said that he was sure that the Germans would not like the proposals, but he was confident that they would be accepted.
Downing Street said that rumours of an upcoming General Election were untrue and there were no plans being made for such an election.