Barclays Share Discussion Threads

[portside1] 28/10/2024 13:46

How much of the 10b to be returned to holders by end of 2025 How much have they now used of the 10b

[smurfy2001] 28/10/2024 12:56

correction: Should get to under 14.5bn shares assuming a buy back today :)

[portside1] 28/10/2024 12:39

So reeves was a low profile member at the boe no higher than the tea lady. But the tea lady was a lady unlike reeves who is just a very dishonest women of hate

[johnwise] 28/10/2024 12:16

Lloyds shares slump as analysts warn of £3.9bn motor finance bill


Lloyds is considered the most exposed lender in absolute terms as the owner of Black Horse, the UK’s biggest motor finance provider. It made a £450m provision for potential costs in February.

The lender said on Monday that it was “assessing the potential impact” of the ruling, which “sets a higher bar” for disclosure of DCAs than previously thought.

RBC’s worst-case scenario now estimates a £3.9bn bill for Lloyds, including compensation, interest and administration costs.

That number has increased from a previous estimate of £3.5bn. RBC forecasts a potential £387m hit for Close Brothers, up from £350m.

[johnwise] 28/10/2024 11:53

The Daily Mail
Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise

But critics have dismissed claims from ministers that ordinary 'working people' will not see the impact in payslips, because most of the pain will be initially targeted at businesses and the wealthier.

A major increase to employers' national insurance contributions looks set to be the centrepiece of the big post-election package.

There are also expected to be attacks on inheritance tax, capital gains and pension pots.

[johnwise] 28/10/2024 11:26

"The government that needs to look at the harsh reality. the harsh reality is that we need to start living within our means. In terms of GDP per capita, we are now down to 31th richest country in the world. we can not afford to support the world, we can not afford to house thousands of migrants and we can not afford to prioritise civil servants over the private sector. That is following policies that are the making of a third world country"

World’s 100 Richest Countries 2024

[johnwise] 28/10/2024 10:41

The Global Warming SCAM Update:



Will be interesting to see if Barclays Bank is splashing the cash in this ‘finance COP’Left Wing Noncence


What's on the agenda at COP29?

COP29 has been called the ‘finance COP’. Representatives from many global finance companies will be in attendance to support the urgent discussions around financial support for those affected by climate change.

The Action Agenda seeks to create the Climate Finance Action Fund (CFAF) to fund ‘mitigation, adaptation, and research and development’, as well as grants to support developing countries facing the consequences of natural disasters.

[johnwise] 28/10/2024 10:11

8 million a day spent on our new arrivals, you wait until their families join them..

If large tents were erected on deserted Islands around our coast. If they were provided with food and shelter, NOT nice warm and confortable hotels. If they were NOT promised houses and benefits, free health care etc, I wonder how many of them would come here then?.

The Daily Mail

Labour could open MORE asylum hotels amid fears they could run out of space as nearly 150,000 migrants cross the channel in just six years

[portside1] 28/10/2024 09:44

Just added 8306

[johnwise] 28/10/2024 09:35

Chancellor Rachel Reeves is expected to increase the National Insurance (NI) rate for employers in the upcoming Autumn Budget, according to reports.


Reeves is also expected to lower the threshold at which employers start paying the tax, the BBC reported.

Combined, the two measures are reportedly expected to raise £20bn, the likely largest single revenue raiser to be announced on 30 October.

Currently, employers pay NI of 13.8% on a worker's weekly earnings above £175.

"There is a universal consensus that the NHS needs more money," a government source told the BBC. "That means asking businesses to help out. "The choice is investment versus decline." Funding from the NI change is understood to have been earmarked for the NH...

[johnwise] 28/10/2024 09:18

AIM hit by 92 delistings as numbers slump to 23-year low


The number of companies on London’s AIM market has dropped below 700 for the first time since 2001, with 92 firms delisting over the past year, new data from accountants UHY Hacker Young reveals.

Speculation around the potential end of a key inheritance tax relief for AIM shares has added pressure to the junior market.

Chancellor Rachel Reeves is reportedly considering cutting the tax relief, which currently exempts AIM shares held for at least two years from inheritance tax, potentially raising £1.6 billion annually.

City broker Peel Hunt warned that removing the relief could result in a 25% drop in AIM share prices as investors withdraw.

[foreverbull] 28/10/2024 07:58

I don't think they underwrite any motor insurance except distributing motor policies written by other insurers

[johnwise] 28/10/2024 07:42

CITYam.com

Monday 28 October


Reeves fiscal rule change puts economy in danger of ‘crumbling’, City analyst warns


The UK economy is in danger of “crumbling” as a result of the Chancellor’s likely changes to the fiscal rules, according to a City advisory firm.

Rachel Reeves confirmed last week that she will reform the fiscal rules to free up tens of billions of extra investment spending over the course of the parliament.

However, a number of City commentators have sounded the alarm about the change and its potential impact on the economy.

“Tinkering with the definition of borrowing could be a big, if temporary, win,” Nick Winters, a partner at tax accounting and avisory firm Blick Rothenburg, said.

“This proposal gives the impression that Labour is tweaking a large spreadsheet to attempt to meet all of their promises. But unlike a spreadsheet, there are only so many tweaks our economy can take before it crumbles,” he added.

Winters pointed out that government bond yields – the interest rate on government debt – had increased significantly over recent weeks while yields on other sovereign bonds had decreased.

At the end of last week the yield on the 10-year Gilt stood at its highest level in 16 weeks while the spread against the German Bund was at its highest level in over a year.

[johnwise] 28/10/2024 07:33

From capital gains to inheritance tax, what the budget means for Britain’s wealthy


There has also been speculation about the possible capping or removal of reliefs for business and agricultural property. Currently, these reliefs can reduce IHT by 50-100%, depending on the asset type, but capping them at £1 million or limiting the assets they apply to could discourage entrepreneurship and negatively impact farming clients.

Huw Witty, corporate tax partner at Shakespeare Martineau, warns such a move would harm the economy and could prove to be an unpopular and impractical policy.

Dhana Sabanathan, private wealth partner at Michelmores agrees. ‘It would be deeply unpopular if family-owned businesses could no longer rely on this relief for effective succession planning,’ she cautions.

‘Inheritance tax has long been the Labour party’s favourite social leveller, a tax on the death estates of the idle rich, most hated by many of our clients, for whom it is either a further charge on their hard earned, already much taxed savings, or the tax most likely to see their long treasured homes and estates decimated,’ McDowell told Spear’s.

[rock star] 28/10/2024 07:28

Do Barclays have any Motor exposure? Lloyds have put out statement.

[johnwise] 28/10/2024 07:21

Governments will eventually run out of things to tax..The writing was on the wall twenty even thirty years ago so we had many years to prepare for this. Sadly, the country is all but finished. Too late for most who have just started to wake up to the nightmare.


The Daily Mail

Government debt to soar to 'unsustainable' levels despite Reeves' new borrowing rules


The Government's debt mountain is set to soar to 'unsustainable' levels even under the Chancellor's new fiscal rules, official figures show.

Rachel Reeves last week binned the old method of measuring public debt, paving the way to saddle future generations with vast liabilities.

Her new rules will allow her to borrow up to £50billion more while still claiming she can balance the books.



The UK National Debt is...

[stonedyou] 28/10/2024 00:32

BREAKING: Russian Army Took Control Of Selidovo

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According to preliminary reports from the front, the Russian army took control of Selidovo, the last large stronghold of the Armed Forces of Ukraine east of Pokrovsk. Russian soldiers filmed the Russian flag being raised on the building of the city administration in the center of Selidovo, claiming that the town was liberated.

The footage was filmed by Russian fighters from the 30th separate reconnaissance battalion of the 90th division from the city of Chebarkul. The Ministry of Defense of the Russian Federation is likely to officially declare the full control of Selidovo in the nearest future after the mop up operation on the northwestern outskirts are completed and Russian control of the area around the town is secured.

The main stage of the Russian assault on the streets of Selidovo began on October 20th, when Russian forces launched attacks from the eastern and northern directions in the town and gained a foothold in the residential areas.

Ukrainian forces were in control of apartment buildings where they deployed their firing points and slowed down Russian advance on the streets, but not for a long time. The town was fastly surrounded on the southern and northern flanks. The Ukrainian garrison lost control of important roads west of Selidovo and any military supplies were heavily complicated by Russian fire.

On October 27th, Russian flag was also raised in the village of Vishnevoe located west of Selidovo, where the resisting Ukrainian forces were trying to stop Russian advance around the town but failed.

It is worth noting that the battle for Selidovo was similar to the recent battle for the fortress of Ugledar. After large Ukrainian forces were contained with Russian attacks on the eastern outskirts, flank attacks were launched around the town. The both towns were almost surrounded but Russian forces did not close the cauldrons and there were ways out from the grinder. The last road from Selidovo located northwest of the town was remained under Ukrainian control. There the Ukrainian garrison was fleeing from the town under close Russian fire control.

The battle for Selidovo lasted a week. Other Ukrainian fortresses like Ugledar and Gornyak fell soon after Russian forces entered their streets. This is a clear sign that Ukrainian defense in the Donbass is almost ruined and the Ukrainian military can no longer withstand battles even in the urban areas. Only in the past days, Ukrainian forces lost control of at least 8 settlements, including Bogoyvlenka, Katerinovka, Izmailovka, Alexandropol, Gornyak, Selidovo, Shakhterskoye and Vishnevoye. In some of them Russian mop up operations continue. Clashes are already ongoing in Kurakhovka, Novoselidovka. Ukrainians are fleeing from their positions in all directions, most rapidly in the Pokrovsk, Kurakhovo, Ugledar directions.

The loss of Selidovo is another strategic defeat for the Ukrainian military. There are no more large settlements on the way of the Russian army to Pokrovsk.


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[johnwise] 27/10/2024 17:10

VIDEO

Feel good Sunday , Be proud plus Bank of England exposé

June Slater

[portside1] 27/10/2024 15:07

Buy share via non U.K. company best to buy open an account in Abroad

[portside1] 27/10/2024 15:03

Have labour killed the investing market I say yes and the U.K. will now need to raise income tax .They will not get another penny of my money no tax All moved to secure from tax