Lloyds Banking Share Discussion Threads

[gotnorolex] 05/3/2020 12:47

You're probably right he's the antithesis of Mini!

[gotnorolex] 05/3/2020 12:40

Ocado is busier than ever and will ration in the event of panic ordering. Supermarkets have already started rationing, I witnessed my self a Chinese (take-away) guy arguing over a two trolley load of frozen chickens, he obviously found that it was cheaper buying retail than buying wholesale from the Poultry market at 5am

[ladeside] 05/3/2020 12:38

Alphorn, Yes these are all sensible and you'd imagine obvious criteria, unfortunately the whole sector in this country went through a completely irresponsible spell where they were handing out 110% + LTV and just gave verbal advice that a repayment vehicle should be in place.

As you can imagine there were / are quite a few out there who thought the end of their term would never come or that "we'll worry about it in 30 years" sort of attitude, as a result there will potentially be tens of thousands (or even more) who will have no assets or collateral in place to settle their account once their term ends.

Some might say that's fine as they'll just be repossessed, however I'm sure we all know what will happen if any of my fears are indeed realised, especially in the current Economic climate......

[alphorn] 05/3/2020 12:32

Ladeside - yes, it was interesting to learn of the number of people involved. Thx again.

[xxxxxy] 05/3/2020 12:30

It's British fish for the Great British People. No fish for the Danes.No Deal

[alphorn] 05/3/2020 12:30

gnr - no, it is that idiot stoned who does not know the day of the week.

[ladeside] 05/3/2020 12:30

Alphorn, regarding the other forum, I didn't know myself until I had to do a "voluntary day" as part of my role.

I can tell you, they're bloody hard worked and there's lots goes on behind the scenes which you never see. There's lots of offices and meeting rooms through the back and most medium to large operations have a training Manager and training team on site as well as the cash office and wages / admin team.

It wasn't the most enjoyable working day I'd ever had..........

[alphorn] 05/3/2020 12:29

Ladeside - I am not against interest only mortgages so long as they are properly sold.

Most mortgages in Switzerland are interest only.

- there has to be an adequate deposit,
- the mortgagee must be able to demonstrate that they have the income ability to pay increased levels of interest,
- generally the mortgages have to be fixed over a fair length of time (8 - 10 years).
- the mortgagee in later life has to show that their pension income will cover the interest.

Over time the mortgage amount becomes peanuts against the value of the property. I don't know personally why anyone would want to pay off their mortgage.

[xxxxxy] 05/3/2020 12:27

Today, again, headline news is centred on the Coronavirus, but we're told UK is well prepared thanks to no-deal planning. Meanwhile, the Navy will protect UK waters from rogue European vessels post-Brexit.No-deal prep could protect business from the fallout of coronavirus: Former business secretary, Andrea Leadsom, has said that the government's previous preparations for a no-deal Brexit stand it in "incredibly good stead"  for mitigating the economic impact of the coronavirus on British firms. This week the world economy has been seriously hit by the fallout from virus concerns, with UK airline Flybe going into administration after bookings drastically fell due to coronavirus. Mrs Leadsom has said that some of the no-deal plans can be "dusted off" in order to "ensure that businesses are protected."Immigration Bill to be introduced to Parliament: The government's landmark Immigration Bill that will end free movement following the UK's departure from the EU is to be introduced to parliament today. By ending free movement for the first time in four decades, the government can introduce its new points-based immigration system that aims to reduce overall levels of migration in favour of prioritising access for skilled workers. The Minister for Future Borders and Immigration, Kevin Foster has described the system as "firmer and fairer" stating it "will attract the brightest and best from around the globe, prioritising those who come to Britain based on the skills they have to offer, not the passport they hold."Extra steps taken to protect British waters: In the event of a no-deal, the Navy will protect UK waters from European Union fishing vessels to ensure the fisheries policy is fully enforced. Environment Secretary George Eustice insisted that the UK has taken "sufficient" steps to protect its waters and that along with the extra vessels provided by the Royal Navy and the 50 extra Fishery Protection Officers, there will also be "aerial surveillance" to assist the efforts. Access to UK waters for EU vessels is an area of much debate in trade talks, however Eustice believes a deal is there to be done, highlighting Norway's similar agreement with the EU.Inquiry into Customs plans set up: An inquiry into new customs arrangements post-Brexit and the impact it will have on trade between Great Britain and Northern Ireland has been set up by a Westminster committee. Despite being part of the UK's customs territory, Northern Ireland will still operate under EU customs rules. The government has previously said there will be "unfettered access" for businesses to the rest of the UK but has not explained the details of how this will be achieved. The chair of the committee, Simon Hoare said there is an "urgent need" for clarity, also stating that "it now seems likely that additional paperwork will be required to move goods from Great Britain to Northern Ireland." The inquiry will seek to clarify what checks, processes and infrastructure will be in place and to analyse the economic effect of the protocol on Northern Ireland.Financial services must be a priority in trade talks: The UK must put financial services at the heart of trade talks according to Barney Reynolds, partner at Shearman & Sterling. He argues that our financial services are fundamental to the success of our economy and that getting a good deal for them should be of the utmost importance. The UK "plays a key role in protecting the world economy from the inherent, systemic risks associated with Eurozone debt." and regulators have already warned Deutsche Bank over its repeated compliance failings. We can't let the EU scupper Global Britain: With EU trade talks in their early stages, Stephen Booth, head of the Britain in the World Project at Policy Exchange, has urged the government not to let EU trade talks "bind our hands" in negotiations with countries outside Europe. Booth, maintained that "A successful Brexit requires the UK to diversify and deepen its economic and political relationships with partners outside Europe." Ultimately, the UK will be negotiating with many countries at the same time and it is important that it fully explores the opportunities outside the EU before agreeing a trade deal with the bloc.On our site today: Writing for us today is Matt Smith, a lawyer, historian and Welsh conservative who stood as a candidate for Parliament and the National Assembly as well as being a Policy Analyst at Vote Leave. His article stresses the opportunity that Brexit offers for the Welsh economy, looking at specific examples of the ways the Welsh economy can flourish outside EU rules. We also have an editorial on the government's decision not to go ahead with UK participation in a Unified Patent Court; laying out the difficulties currently facing the project.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[stonedyou] 05/3/2020 12:24

What it's REALLY like to catch coronavirus: First British victim, 25, describes how 'worst disease he ever had' left him sweating, shivering, and struggling to breathe as his eyes burned and bones ached


•Connor Reed, 25, an expat teacher from North Wales, lives and works in Wuhan

•In November, he became the first British man to catch the deadly coronavirus

•Here he explains how he beat the illness that is sweeping across the globe

Connor Reed, a 25-year-old expat from Llandudno in North Wales, has worked in a

school in Wuhan, China, for almost a year. In November he became the first British

man to catch the coronavirus. From coughs and aches to burning up and spending the

night in hospital, here’s how he beat the illness that is sweeping the globe.

Day 1 — Monday November 25: I have a cold. I’m sneezing and my eyes are a bit

bleary. It isn’t bad enough to keep me off work. I arrived in this country to

teach English as a foreign language — but now I’m a manager at a school in Wuhan,

the city in central China where I have lived for the past seven months.



Day 7: I spoke too soon. I feel dreadful. This is no longer just a cold. I ache all over, my head is thumping, my eyes are burning, my throat is constricted. The cold has travelled down to my chest and I have a hacking cough.

[gotnorolex] 05/3/2020 12:23

LADESIDE That's what you get from bluie Monty if you get up his nose!

[alphorn] 05/3/2020 12:22

"PM 'guarantees' UK won't run out of food"

How is he going to do that?

No doubt followed by most on here who take in his every word. Brexit is done and we will have increasing GDP and everyone will be financially better off. Lap it up. Lol

[ladeside] 05/3/2020 12:09

I've been posting about the interest only / investment backed Mortgages for over 10 years and told everyone that it was a ticking time bomb.

What many forget about it was that it was the FSA themselves who told the providers that they shouldn't request proof and that there was no need to deposit or record an interest in any policy.

As such, it could get VERY interesting......

[gotnorolex] 05/3/2020 12:05

Hardly breaking news!

[montyhedge] 05/3/2020 11:58

Could be bigger than PPIhttps://citywire.co.uk/new-model-adviser/news/interest-only-mortgage-complaints-could-be-new-ppi/a1305535

[1 nhs] 05/3/2020 11:58

LOOK FOR ANOTHER

YEAR OF THIS ::

WORLDWIDE



The Business Source
@GlobalTimesBiz
Retail sales of passenger vehicles in China dropped 80% y-o-y in February, the biggest fall in two decades, largely due to the #coronavirus outbreak, according to China Passenger Car AssociationI

[montyhedge] 05/3/2020 11:55

This could be bigger than PPI.https://citywire.co.uk/new-model-adviser/news/interest-only-mortgage-complaints-could-be-new-ppi/a1305535

[gotnorolex] 05/3/2020 11:24

Barnier being bypassed on the deal?
Volkswagen signs three year electric vehicle home charging partnership with Centrica

[crossing_the_rubicon] 05/3/2020 11:21

Oh noes...

"Scientists Discover More Aggressive Strain Of Coronavirus Responsible For 70% Of Current Infections"