Barclays Share Discussion Threads

[johnwise] 03/3/2021 09:16

Payback time for the Rishi money printing.. Budget 2021 LIVE: Sunak preparing 11 tax rises including on pensions, fuel and property CHANCELLOR Rishi Sunak is delivering his Budget today as he looks to rebuild the economy after the coronavirus pandemic. https://www.express.co.uk/news/politics/1404698/budget-2021-live-updates-rishi-sunak-latest-furlough-extension-tax-rise-beer-duty-pensions

[diku] 03/3/2021 09:02

Always Lloy that tends to cap the gains...

[prbshares] 03/3/2021 08:52

diku : most definitely...new territory, onwards and upwards !

[johnwise] 03/3/2021 08:50

Council estates up and down the country are celebrating the continuation of furlough. They can lounge in their gardens drinking lambrini until October. They will probably applaud this decision on their doorsteps.

[diku] 03/3/2021 08:42

Breakout?...

[johnwise] 03/3/2021 08:41

Wish I was in a furloughed job. As it is I am working myself to death propping the country up.

[johnwise] 03/3/2021 08:32

Ofcourse furlough is an unemployment benefit by another name. Same as a civil servant. Same as most key workers...nice idea but not essential.

[diku] 03/3/2021 08:24

Post 6283..sorry not possible...ever since 2009...where is the will to save?...and now the last throw of dice...5% deposit for first time buyers upto 600k...why bother having a deposit...property [prices have been a run away train...

[johnwise] 03/3/2021 08:20

Rishi, whilst you have found the Magic Money Printing Machine ....any chance of a decent return on my savings ?

[manics] 03/3/2021 08:03

Encouraging open. Rishi: it's over to you.

[johnwise] 03/3/2021 07:59

Is the UK the world's 5th or 9th largest economy ? UK foodbank use continues to rise - The Trussell Trust Britain's top 10 worst roads for potholes so does YOUR area make the list? Daily Mail Charity clothes banks to be removed due to continual flytipping https://www.bournemouthecho.co.uk/news/19130452.charity-clothes-banks-removed-due-continual-flytipping/

[manics] 03/3/2021 07:56

UK listing rules set for overhaul in dash to catch Spacs wave. London accounted for only 5 per cent of IPOs globally over the past five years, while the number of listed companies in the UK has fallen by about 40 per cent since 2008... https://www.ft.com/content/2079bd8e-79b7-4820-9be8-c20020f48aee

[prbshares] 03/3/2021 07:42

Well today will be interesting ... Imo I think we will start a climb towards the 7000 break through from here. If this turns out to be the case then Barc should follow suit and hopefully stops for another breather between 180-200p. This is of course my rose tinted glass look but ever the eternal optimist I hope its true for all the 'Long' holders of Barc . GLA

[johnwise] 03/3/2021 07:40

If Sunak wants to help the economy, he must cut taxes, NOT raise them. A low tax economy will attract inward investment and will also make us more competitive than the EU. A strong economy is the only way to deal with his own printing money debt. High taxes will stop any chance of recovery. Let the tax payer see the list from whom we borrowed from and how much.

[johnwise] 03/3/2021 07:35

Of course there is going to be mass unemployment and this is why Rishi Sunak is doing the extend furlough scheme. Kicking the can down the street does not stop the inevitable happening.

[manics] 03/3/2021 05:36

CGT: The Treasury has played down rumours this could be brought in line with income tax rates. It would see rates rise from 20 per cent on assets and 28 per cent on property to 40 per cent for higher-rate taxpayers. The tax is levied on business owners who sell parts of their firm, second homeowners and those who sell valuable possessions. Currently, around 300,000 people a year pay CGT which yields £9.5 billion.

[hellscream] 03/3/2021 04:33

worst chancellor and government ive ever lived through, never seen so much state intervention, funded by raiding and stealing people pensions and savings, while the super rich in housing and land, hedge funds too are left alone. disgusting morals. gives a pay raise to people scrounging off the state, cuts red tape for workers... where is the motavation for work??? i only hope america does the right thing and downgrades our credit rating, this country deseves hardship for ALL.

[johnwise] 03/3/2021 00:05

Kicking the can down the road.. Get the money printer fired up again.. More free money until OCTOBER.. Rishi Sunak plans to extend furlough scheme to OCTOBER in his Budget as he vows to do 'whatever it takes' to rescue the economy after a year of lockdown pain https://www.dailymail.co.uk/news/article-9318459/Rishi-Sunak-plans-extend-furlough-scheme-OCTOBER-Budget.html

[prbshares] 02/3/2021 20:57

Manics : Lets hope that the 178p is just the start...I am sure there will be many who would be mightily happy if the share price started with a 2. Barc seems to have consolidated here in the 160's and knowing how she can move once the ftse feel good factor surrounding the UK and its vaccine story kicks in, should mean that we can all earn a few bob . GLA

[diku] 02/3/2021 17:57

What about the landlord?...landlord might also have borrowing obligation to their lender to pay mortgage... Responding to the announcement, Alistair Cromwell, acting chief executive of Citizens Advice, said: “The government has made the right decision to extend this protection. Renters who are struggling with arrears shouldn’t face the prospect of losing the roof over their head when everyone is being asked to stay at home. “However, there are still hundreds of thousands of people in arrears and this debt will continue to hang over them. The government should put in place targeted financial support for tenants in England who’ve fallen behind on their rent.”

[bernie37] 02/3/2021 17:06

Bloomberg) -- Barclays Plc may have won a fight with financier Amanda Staveley, but the ruling could have repercussions for a related regulatory probe that’s haunted the bank for almost a decade. Even while a judge dismissed the case last week, he said the bank was “guilty” of serious deceit as executives negotiated a rescue in 2008. Lawyers said that the findings may be of interest to the Financial Conduct Authority as it continues a probe that could lead to a multi-million pound fine. “It seems very difficult for the FCA to ignore the fact that the bank made fraudulent misrepresentations and very senior people at that,” said Janine Alexander, a financial disputes lawyer at Collyer Bristow who wasn’t involved in the case. “The FCA are going to have to take it seriously.” The case dates back to the chaos of the financial crisis when Barclays officials sought a massive injection of private financing to stave off a government bailout. The regulator is investigating how Barclays communicated with investors in 2008 and is considering a 50-million pound ($70 million) fine, the bank said in its annual report. In addition to the civil case, both the bank and some former executives successfully fought off criminal charges related to the fundraising. A spokeswoman for the bank declined to comment on the implications of the ruling. The FCA said separately the case was currently before its internal tribunal -- one of the final steps before it issues a decision. ‘Same Deal’ Staveley sought 660 million pounds in damages in the lawsuit, saying the bank deceived her about the terms of the investment. The trial focused on the treatment of Middle Eastern investors that participated in the fundraising. Staveley, who partnered with Abu Dhabi, said the bank promised the “same deal” but then lied about the fact that Qatari investors got far better terms. The judge in Friday’s ruling said that while bank officials misled Staveley about the investment, she wasn’t eligible for damages because she wouldn’t have been able to raise the funds necessary to participate in the deal. “We hope that the regulators will have a close look at this judgment and the conclusions the judge reaches on the behavior of senior personnel within Barclays,” a lawyer for Staveley’s PCP Capital Partners said after the ruling last week. One former FCA lawyer said that the civil case ruling could even lead the regulator to re-open a probe into some of the individuals called out by the judge. The watchdog shut investigations into former chief executive John Varley and former Middle East chief Roger Jenkins in April last year. “One wonders whether the FCA may consider reopening investigations into senior executives following the findings,” said Tim Thomas, who now works at law firm Richardson Lissack. Lawyers for Jenkins and Varley didn’t immediately return messages seeking comment.

[forcemode] 02/3/2021 16:30

GL Manics....I'll be delighted if you achieve your immediate goal!