Barclays Share Discussion Threads

[johnwise] 21/6/2016 17:38

Those hard working MPs have destroyed our country, most of them would be unemployable in the private sector

When we joined the Common Market we had a fishing industry, a mining industry, a steel industry, a car industry, an agricultural industry. We now buy fish from Iceland and Norway, coal from Poland, steel from China, cars from Germany, France, Italy, Spain, pay subsidies to farmers who would prefer to work their land, electricity from France, gas from anywhere who will supply us. No, we cannot turn back the clock but we can take back control. Better in the EU? They killed this country. And guess what? We pay them for it

VIDEO
June 23rd will spell end to entire European project - Nigel Farage

[kenbachelor] 21/6/2016 16:56

Portside - I only know a few MPs personally, but those I do know are very genuine and hard working. What would you consider a fair days work? Whatever your answer is, I'll bet it's less than the PM put in last week.

[informant100] 21/6/2016 15:20

That’s it? That’s the big global concern?

Yeah, so, this is where it gets a tad more complicated. The general thinking is that many international corporations, notably those based in the U.S. and China, invest in U.K. operations partly so they can readily access the free-trade corridors the U.K. enjoys with the rest of the European Union. So if the leave camp wins, many of those companies will see drastically reduced profits.
The sudden need to reset tons of global investment channels — against the background of the ambiguous and extended period of the U.K.'s exit negotiations — could have a freezing effect on the whole region.
"Negotiations on post-exit arrangements would likely be protracted, resulting in an extended period of heightened uncertainty that could weigh heavily on confidence and investment, all the while increasing financial market volatility," the IMF said in an April report. "A U.K. exit from Europe's single market would also likely disrupt and reduce mutual trade and financial flows, curtailing key benefits from economic cooperation and integration, such as those resulting from economies of scale and efficient specialization."
Depending on how you measure it, the EU as a whole ranges from the first to the third largest economy in the world. And in terms of trade, the bloc easily topped the U.S. and China in both imports and exports.
So a slowdown there would mean a global slowdown. One that could last months — if not years.

[christh] 21/6/2016 15:04

Soros warns of 'Black Friday'

Soros meanwhile warned that a UK exit from the European Union could trigger a shock for the pound even more powerful than 1992's 'Black Wednesday', when currency speculators forced the government to pull the pound from the European exchange rate mechanism (ERM).

Writing in the The Guardian newspaper, Soros said: ‘Sterling is almost certain to fall steeply and quickly if "leave" wins the referendum.

‘I would expect this devaluation to be bigger and also more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a ­substantial profit for my hedge fund investors at the expense of the Bank of England and the British government.’

The ERM was a system for tying the pound and other currencies' values to that of the German mark.

Soros was among the speculators who sensed the ERM was under pressure and heavily shorted the pound while Britain increased interest rates to keep the currency attractive.

Britain eventually had to leave the ERM when it realised the costs were too high. Soros made about $1 billion.

After leaving the ERM the pound fell but then rose again and the UK has since enjoyed more benign inflation.

Soros warned that as in 1992, speculators who had bet on the UK leaving the EU would make huge gains, while leaving ‘most voters considerably poorer’.

However, he said the UK was in a much weaker position to recover than in 1992, with a little room to cut interest rates and a larger deficit. He also argued that UK exporters would struggle to capitalise on a weak pound due to the uncertainty caused by a "leave" vote.

‘Too many believe that a vote to leave will have no effect on their personal financial positions. This is wishful thinking. If Britain leaves the EU it will have at least one very clear and ­immediate effect that will touch every household: the value of the pound would decline ­precipitously. A vote to leave the EU would also have an immediate and dramatic impact on financial markets, investment, prices and jobs,’ Soros said.
‘A vote to leave could see the week end with a Black Friday and serious consequences for ordinary people.’

[christh] 21/6/2016 15:01

Osborne hints at Brexit shares halt as Soros warns
Chancellor refuses to rule out halting shares trading if poll backs UK exit from EU, as George Soros warns pound could suffer 'Black Friday'.
by Daniel Grote on Jun 21, 2016 at 09:53

Osborne hints at Brexit shares halt as Soros warns

Chancellor George Osborne has refused to rule out suspending trading on the London Stock Exchange if Britain votes to leave the European Union, as renowned currency speculator George Soros warned a 'Brexit' could trigger a 'Black Friday' for the pound.

Osborne (pictured) was speaking to LBC radio presenter Iain Dale. Dale asked if financial markets were to ‘plummet’; following a Leave vote, would Osborne suspend trading.

Osborne replied: 'Well look, the Bank of England and the Treasury – governor Carney and myself – we have of course discussed contingency plans.

'But the sensible thing is to keep those secret and make sure you are well prepared for whatever happens but if you set them all out in advance then you rather undermine the power of those plans.'

Pushed once more by Dale, Osborne said: ‘I have a responsibility to the people listening to this programme to do all I can to protect them.

‘But I have to tell you that you cannot in the end protect people from the economic shock that leaving the EU would bring about.’

Osborne revealed the Treasury was working on contingency plans, focusing on the ‘financial stability consequences for the immediate aftermath’.

‘On Friday morning you will see the first reaction in the financial markets because they’ve placed all these bets that they will move money out of Britain if Britain votes to leave,' he said.

Osborne repeated warnings made by the London Stock Exchange that there would be 100,000 job losses in the City if Britain votes to leave.

He said if the UK voted to remain there would be a ‘quick snap back’ for the economy. ‘Decisions will be taken and investment will come in,’ he said.

[portside1] 21/6/2016 13:05

he is going to buy 4 caravans to house them on the land . it all makes sense
and wants me to look after the land and manage the caravans so I may be going back to work at 68

[portside1] 21/6/2016 12:47

ken my son in law as just bought a nursing home . he is not keeping the staff
he is only going to employ migrants to save money .I am not happy with is decision but he says if we are apart of the eu why not its better for is business to keep changing staff so no long term contracts is better for the business .

[alphorn] 21/6/2016 12:17

Nobody would win in that war.

[informant100] 21/6/2016 12:15

EU bid for FEDERAL SUPERSTATE will provoke Russia against the West, warns ambassador

This is what I'm talking about. Let's attack Russia. They think they beat us up in France. But we will come back stronger. WWIII

[johnwise] 21/6/2016 12:12

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EU bid for FEDERAL SUPERSTATE will provoke Russia against the West, warns ambassador

[informant100] 21/6/2016 11:57

Putin playing mind games. He wants us to vote out so Ruusian can take us over. EU will just watch

[informant100] 21/6/2016 11:44

Jonwise

I agree they are barbaric. But not all of them

[informant100] 21/6/2016 11:43

Davew28


I'm voting remain. There are a number of points that affects me which is why I'm voting remain

I to lots of travelling (remain will kept the petroleum prices low)
I work for the NHS and get two increments per annum ( voting remain will keeps these going)
I'm interested in buying a property with £340,000 within this year (remain will not cause mortgages to go up)

[johnwise] 21/6/2016 11:38

Jihad Report
May, 2016

Attacks 231

Killed 1883

Injured 2206

Suicide Blasts 54

Countries 31

[christh] 21/6/2016 11:37

portside1
you can not generalise!

there are good people and bad people.

Like you for instance you accuse everyone of being a liar from the Barclays ceo, directors to governments, prime ministers and the labour and the politicians
all elected and unelected.

If you do not like Barclays ceo and the directors sell off and move on somewhere
more happier with their chiefs.

[informant100] 21/6/2016 11:36

Portside

They are bloody liars and a murderous bunch. If we result in their barbaric ways we can keep them out.

[informant100] 21/6/2016 11:33

Johnwise

It's a TWO year deal read that TWO year deal. Rate rate goes back to the base rate. You overblow things don't you. Particularly house wise. Rename you alias housewise and you can have your own blog.

[christh] 21/6/2016 11:31

Turkey will never join EU!

they have not signed the chapters of accession to EU.
there are 35 chapters and they only signed one and will take years and years
to implement that single chapter before they go on with the other 34!

EU will not allow them to join because of the human rights, their backwards
culture, their aggression to other nations, minority rights, freedom of religion, freedom of speech etc.

So that's not an issue.

[johnwise] 21/6/2016 11:26

HSBC will today launch two-year home loan deal at 0.99% - the lowest ever


"So 2008 taught them nothing? As if the credit and housing 'bubbles' weren't big and bad enough already we're watching in gob-smacked amazement as the idiot banksters take us down the same route and to the same conclusion - except this time there will be NO bailouts, there simply isn't enough money in existence to cover the debts."

Home loan war as HSBC offers first 0.99% fixed deal: Rate could trigger flood of new mortgages as banks and building societies fight to lure customers

[christh] 21/6/2016 11:25

capeview,
your point?

Are they EU citizens?

What does have to do with EU membership?

this is local issue with our successive governments, local and national, how do you integrate immigrants in our society.
'When in Rome do as the Romans do'

As far as emigrants from the EU it's different, because they come and go
and have a European culture not different to us.

However as the PM said immigration should not be an issue to leave the EU.

With EU we have stability, safety and peace in Europe and work towards
improving life and prosperity in EU.
Thats why we should REMAIN in EU.