Lloyds Banking Share Discussion Threads

[alphorn] 31/3/2019 22:52

To lighten up for a moment - that is everyone except Stoned - there should be some really good April 1 stories tomorrow. Plenty of material!


Just be careful as some of the nuttiest Brexit stories may be the reality. ;))

[grahamite2] 31/3/2019 22:50

...it's quite obvious that the EU is incompetent on nearly every count...

Highly competent at picking people's pockets though!

[alphorn] 31/3/2019 22:49

Poika - just how long is recently???

If a week in politics is a lifetime then 3 years must be an eternity.

Your posts are becoming desperate.

[poikka] 31/3/2019 22:46

A few nautical comments this evening, :). Yes, I did drink some sea water when I got washed down the deck of a bulk carrier. Fortunately, I didn't get washed overboard, although I did suffer some damage when I landed.

That sort of life and experiences leads one to think for oneself - too late for Alps and Min, I fear.

[careful] 31/3/2019 22:43

Those complex staff selection riddles where they give too much information and see if you can focus on the important bits.

Why people on this thread cannot work out;

1. There will not be an election.
2. There will not be no deal.

Move on now I have given you the answers.

[poikka] 31/3/2019 22:43

Top marks for that xxxxxy, and supports my earlier, much earlier!, argument.

Alphorn and Minerve, you both prefer the EU Parliament to ours. Sure, we're struggling along recently, BUT, we'll get there in the end, and it will be with a vibrant debating Parliament; a democratic institution of the highest order.

Compared to the rubber-stamping exercise that takes place in Strasbourg, I know where my preference lies.

[cheshire pete] 31/3/2019 22:33

Wonder if her Vicar mentioned 'Bridge over the River Kwai' in his sermon at Church this morning lol.
Still time for TM to see the light and embrace no deal. It would give her a way out, as she could say she'd exhausted other avenues. After April 12th she could then resign as Leader having 'delivered brexit' and make way for a Brexit believer to play hardball at last with the EU, who by this point will be bricking it and running round like rats on a sinking ship.

[alphorn] 31/3/2019 22:25

Poika - they clearly need then to take lessons from Westminster.

That is real competence, control and a lesson to the world about how to run a government. You probably drank too much sea water on the boats if you believe that.

[xxxxxy] 31/3/2019 22:18

MPs have given Theresa May the authority to leave the EU on 12th April without a deal

Now that Theresa May’s Withdrawal Agreement has been voted down for the third time, most commentators are peddling the line that MPs have voted against all the possible alternatives. That is not strictly true. It seems to have passed most people by, but one of the indicative votes from last Monday indicated a clear route through the Brexit process, backed by a large majority.

MPs have indeed voted against many things: the Withdrawal Agreement, leaving without a deal, a managed No Deal, a customs union, a confirmatory referendum and various versions of EFTA/EEA including so-called Common Market 2.0. Let’s focus, however, on the indicative vote on Motion L, tabled by Joanna Cherry of the SNP: “Revoke Article 50 to avoid No Deal”.

This motion stated that if we were two days before the scheduled date of departure from the EU and with no Withdrawal Agreement in place, the Government should put a motion to the House asking it to approve No Deal and if that was not approved, then the Government would be forced to revoke Article 50. The motion was defeated overwhelmingly by 293 votes to 184.

To understand the significance of this vote, recall that if the Withdrawal Agreement was not approved before Friday 29th March, the extension to Article 50 granted by the EU would last only until Friday 12th April. Now it has not been approved, the default remains that we leave the European Union without a deal. Given that MPs have indicated they are opposed to every other option, we are in precisely the situation envisaged by Motion L.

The motion asked MPs to vote for the option of revoking Article 50 if the only alternative was leaving without a deal. MPs voted by a substantial margin against the option of revoking. Put another way, MPs have now indicated to the Government that they are willing to accept No Deal in preference to revoking Article 50.

MPs also opposed Motion B calling for the UK to leave without a deal by an even bigger margin. But this was about the principle of No Deal which is very few people’s first choice of strategy. Motion L was about something much more specific: would MPs oppose No Deal if the alternative was abandoning Brexit altogether? The clear answer was no.
It could be argued that even if the Withdrawal Agreement is not passed, there is another alternative to No Deal: a further delay to Article 50. But the EU is under no obligation to agree to this and if it did not (or if the UK Government chose not to request a further extension), then the only possible options would indeed be leaving without a deal or the UK unilaterally revoking Article 50.

Even if a further delay to Article 50 were requested and agreed, given that MPs have voted against all the other options and also that the EU has ruled out any renegotiation of the Withdrawal Agreement, the ultimate decision is still between revoking A50 and leaving without a deal, just some months down the line.

We know that some Cabinet ministers are adamantly opposed to leaving without a deal. However, they were elected on a manifesto which explicitly supported it as a possibility. No-deal preparations are now very far advanced in both the UK and the EU, and No Deal is a more popular option amongst the public than either the Withdrawal Agreement or another referendum. Perhaps most importantly, any further extension to Article 50 would not solve anything but it would prolong uncertainty for everyone – something likely to have a worse effect on the economy than the short-run disruption caused by leaving without a deal.

Now that the Withdrawal Agreement has been voted down three times, the only defensible strategy the Prime Minister has is to ensure the UK leaves the EU on 12th April. Thanks to Monday’s votes, Theresa May has the indication she needed from MPs that they will not oppose leaving without a deal if the alternative is cancelling Brexit. If she now goes back to the EU to ask for a long extension to Article 50, she can no longer blame it on MPs – it will be her choice and hers alone.

Article :

NB 'motion stated that if we were two days before the scheduled date of departure from the EU and with no Withdrawal Agreement in place, the Government should put a motion to the House asking it to approve No Deal and if that was not approved, then the Government would be forced to revoke Article 50. The motion was defeated overwhelmingly by 293 votes to 184. '



Bedtime reading; and LEAVE and WTO

Nos da. Cymru am byth

[minerve 2] 31/3/2019 22:16

"EU is incompetent"

And our government/parliament/society isn't?

[poikka] 31/3/2019 22:16

Careful - "If we leave, you must not assume that all of the food or motor cars and much else we buy can be easily replaced."

That just reminded me that it's a waste of time reading Careful's posts. Thick as two short planks.

[poikka] 31/3/2019 22:14

Alphorn - ""The EU is hopelessly incompetent"

Wow, so says the genius Poika."

Actually, they weren't my words, the quotation marks were a bit of a give away - or should have been, but then it is Alphorn.

But I do agree with those words, and it's quite obvious that the EU is incompetent on nearly every count, as I have detailed in the past; so maybe I am a genius, hmm...

[xxxxxy] 31/3/2019 22:10

Boycott goods and product from the EUSSR

Boycott the waffle and lies of the QUISLINGS in parliament by not voting them back in at any election chance eg Newport election on April 4


LEAVE and WTO

[minerve 2] 31/3/2019 21:54

I'm having a Brexit party tomorrow morning: Fresh orange juice, cereal and maybe a slice of toast with strawberry jam on. Yum.

[bargainbob] 31/3/2019 21:52

Careful we already have Devolution, it full independence that's now on the table.

[alphorn] 31/3/2019 21:49

Heading into the new week GBP is holding pretty static. The market remains very calm.

Needs many more people to sign up for the Brexit party to give it a shake.

[cheshire pete] 31/3/2019 21:45

Minerve: "Why not vote in MEPs who actually WANT the EU to work and have the power to deliver UK influence?"

So do you really believe he EU take a blind bit of notice of our MEPs. Wake up Minerve, they don't.

[alphorn] 31/3/2019 21:40

Perhaps Willoicc can put the wings on a Jag and fly away. You have been watching too much James Bond.

[cheshire pete] 31/3/2019 21:40

Minerve: "I wouldn't even care to meet Farage. He is a failed human and would be irrelevant if society wasn't so ignorant and stupid."

The Nation owes a huge debt of gratitude to Nigel Farage for making the referendum happen and giving the electorate the chance to escape from the EU and Tusk's hell.
Failure to recognise his achievement through the honours system absolutely stinks imho.

[alphorn] 31/3/2019 21:34

That short figure must be a typo - I have run bigger bear positions than that for my own account.