Lloyds Banking Share Discussion Threads

[crossing_the_rubicon] 20/6/2019 15:31

To all those who said a NO DEAL Brexit means we have to levy tariffs (likewise the EU) you are wrong:

"This, from @Lawyers4Britain, is hugely important.

There is no technical reason for the UK and the EU to apply tariffs to each other's exports pending more comprehensive trade talks.

Applying tariffs would be a political choice, not a legal requirement"

[ladeside] 20/6/2019 15:17

Shy Tott, Although I don't always agree with your politics or your posts, I do think that you are one of the best posters here as you are willing to see both sides of an argument, even if you don't necessarily agree.

That, I find to be rather refreshing, in today's "black" or "white" world.........

[xxxxxy] 20/6/2019 14:05

LEAVE and WTO

[xxxxxy] 20/6/2019 14:04

Nigel Broadbent 20 Jun 2019 1:51PM

I agree that there is no chance of getting a deal with the EU before 31 October. There isn't time even if there was the will in the EU (which there isn't, at the moment). So it has to be No Deal at this point in time.



The only way Boris as PM would be able to pass a No Deal through Parliament is with the threat of a GE. It is packed with Remainers and they will not pass it unless they feel they have no choice. The only thing that will work is to threaten them with a GE. You'd think self-preservation would be a strong instinct in our diminished political class.



Lots of MPs have very good reason to believe they will lose their seat if they don't commit to a No Deal (on the basis tht not many Tories really believethere is any other way to do Brexit now). Craig Whittaker in my constituency (Calder Valley) is a good example.



If MPs don't proactively push for No Deal now then no one is going to believe them when they have some sort of Damascene conversion just before a GE in 2022. If we still haven't got Brexit by 2022 then the Conservative Party will never recover. To be honest, if we haven't got Brexit by 31 October Boris will be toast, and no one else has anywhere near as much support, so the Party is dead on 1 November 2019 anyway if we are still in the EU on that date.

[kmjs] 20/6/2019 13:56

261970

"Twenty-six Labour MPs have written to Jeremy Corbyn to urge him to not commit to a second referendum"

Currently MP's seem to be able and happy moving between parties to find a home, so
will the next political shock be the 26 threatening to join the BREXIT party in
order to honour the LEAVE vote?

[smith99] 20/6/2019 13:25

Hang on, have you forgot the ni contributions were for pensions

[ladeside] 20/6/2019 13:11

It seems to work ok in the likes of Norway, however people like you don't ever want to talk about that and instead wheel out basket cases such as Venezuela who of course are being destroyed by your US masters (and I don't mean Augusta).............

[maxk] 20/6/2019 13:10

One vote missing

[maxk] 20/6/2019 13:09

gove 61

hunt 59

johnson 157

javid 34

[mr.elbee] 20/6/2019 13:02

This whole income equality argument is a statistical piece of nonsense if ever there was one.You can really improve equality by making everyone poor..that's called Socialism..
It has no moral or economic base whatever ..like global warming, or diversity, or Rory Stewart, it is just piffling nonsense to amuse and distract the masses from what is really going on.
And AHO was a one off Shy Tott..we wont see his like again.

[ladeside] 20/6/2019 12:59

Shy Tott, what you state about sports stars "working hard" and "deserving it" is with all due respect complete and utter nonsense.

As a quick and very good example I'l give you one name,

Saido Berahino.

He has made millions on the back of absolutely nothing both from a perspective of achievement or dedication and sadly there are many like him. He's a waster and a pretty useless waster at that.

It's a sad corrupt society in which we live I'm afraid and quite frankly taxation is really the only way to tackle it.

The business world and the sports world have had the chance to self police but have in fact done the opposite, which is the point that any competent Government should now be stepping in........

[maxk] 20/6/2019 12:52

Min could tick both boxes

[crossing_the_rubicon] 20/6/2019 12:48

Tim Price
‏ @timfprice
5h5 hours ago

Are YOU an annoying BAD LOSER ? Take this poll today and find out !

Which of the numbers below is bigger ?

If you answered:-

a) You are not an annoying bad loser.

b) You are an annoying bad loser.

Thanks for playing !

#StartBrexit

[crossing_the_rubicon] 20/6/2019 12:40

Sky Tott.

Anything over 50% is an outrage imo. Even that is too high.

I'd have a Flat tax, having folded National Insurance into Income tax, at a low rate, and a forced Mandatory Pension contribution at source for each taxpayer.

Net net they'd be better off in most cases..

A complete overhaul of our nations infrastructure, pensions, social security/Welfare and taxation is needed.

Simplify taxation, reduce rates, encourage investment(and thus employment)



"Today, I would say a 100% tax rate on unearned income over £100m would be perfectly moral and fair. Would you? Maybe over £50m or £20m, or maybe even arguably £1m"


Same tax rates as earned income.



"As to earned income - again I see nothing wrong with 100% rate for earnings over what society decides is the maximum value of contribution to the uk anyone can make. £100m?, £50m?, £10m?."


You're clearly a socialist.

100% tax rate over a certain threshold.
Epitomises socialism.

Disappointing.

[minerve 2] 20/6/2019 12:37

No one needs to earn more than £5M a year. Cap it at that. Very simple. Just do it.

[crossing_the_rubicon] 20/6/2019 12:37

Sky Tott.

Anything over 50% is an outrage imo. Even that is too high.

I'd have a Flat tax, having folded National Insurance into Income tax, at a low rate, and a forced Mandatory Pension contribution at source for each taxpayer.

Net net they'd be better off in most cases..

A complete overhaul of our nations infrastructure, pensions, social security/Welfare and taxation is needed.

Simplify taxation, reduce rates, encourage investment(and thus employment)

[shy tott] 20/6/2019 12:33

It does depend how many people actually paid 98% imv. affair, it was the rate on unearned income and not the rate for earned income (again, i'm going from memory so willing to be corrected), which puts a different perspective on it imv.

Today, I would say a 100% tax rate on unearned income over £100m would be perfectly moral and fair. Would you? Maybe over £50m or £20m, or maybe even arguably £1m.

As to earned income - again I see nothing wrong with 100% rate for earnings over what society decides is the maximum value of contribution to the uk anyone can make. £100m?, £50m?, £10m?.


I know there are arguments that the higher the top rate the lower the tax take (although within reason I'm not convinced of that correlation), but there are more important arguments of social stability imv.

[minerve 2] 20/6/2019 12:14

Thousands of competent people could replace the CEO.

[grahamite2] 20/6/2019 12:13

I totally agree that the way remuneration is set at top companies is wildly corrupt and wrong. But excessive taxation cannot be the answer. If excessive remuneration is wrong, who are the victims? Answer, the shareholders. How are they helped by expropriatory taxation?

[grahamite2] 20/6/2019 12:08

Shy Tott, the top rate went up to 19/6 in the pound i.e. 97.5% in the 1940s and stayed there continuously until Mrs Thatcher. It was not specifically Wilsonian.

Yes, there were naturally not many people paying it, but that does not affect the morality of the thing. And quite a lot of people were paying rates that were lower but still grossly excessive.

[shy tott] 20/6/2019 12:07

Alp, well I see direct supply and demand governing sports people. A bit hard to swallow a talented football player getting 3 mill pa, but if he and others like him get a hundred k people to pay £40 to watch him for 90 minutes, then I suppose it's his good luck and hard work, so I don't object as much to that situation. Likewise boxers, opera singers etc etc.

Compared to the obvious remuneration committee merry go round where 'independent' people decide a ceo should get £5m, then a few months later that ceo sits on the remuneration committee as independent for the bloke who previously helped establish a £5m rate. At least footballers and boxers and opera singers have established demonstrable skills for a short period of their life, while many ceos imo have nothing exceptional at all.

[xxxxxy] 20/6/2019 12:01

Athens walls

THE EURO is THE GESTAPO

[xxxxxy] 20/6/2019 12:00

Katy Richards 20 Jun 2019 11:09AM
@John HL

'Britain was seen as a sick man of Europe and managed to get out to its malaise in large measure due to EEC membership.'



That is, of course, rubbish - we stayed the sick man of Europe because of the strangle hold of the unions, until Maggie put a stop to it, and the country was divided as a consequence.

The EEC was an organisation that was, possibly, worth joining. BUT it no longer exists.

The EU is a very different organisation.