Lloyds Banking Share Discussion Threads

[ladeside] 28/6/2019 16:30

The EU grants are currently received to assist in the poorest areas of the country, however under the control of the UK Gov, does anyone seriously think that anywhere other than London and the SE will receive anything ??

#whogivesatossaboutthenorth

[xxxxxy] 28/6/2019 16:28

Pominoz
Posted June 28, 2019 at 5:09 am | Permalink
Sir John,

The EU has never represented value for the UK. Whilst honouring any legal liability incurred during our time in the EU, nothing else should be paid. Trade deals do not need to be bought. What is more, it is imperative that we get out as soon as possible.

The reason why the UK must leave the EU no later than 31st October, and without any continuing tie-in, is clearly detailed in a frightening article on the Brexitcentral.com website by Bob Lyddon entitled ‘Why the Eurozone’s fate makes an immediate Brexit vital’.

The impending catastrophe for the EU, which looks like making to 2oo8 Financial Crisis seem a minor blip is, apparently, being deliberately hidden by actions of the ECB and certain Eurozone National central banks. It all looks, to me, remarkably like a grown-up version of the sub-prime mortgages issue – i.e. applying a value to something which may well be worthless. When the proverbial hits the fan, the cost to the UK could be in excess of €200 billion, or possibly even double that, unless we have formally, and cleanly, departed.

No doubt you will be aware of this article, Sir John – hopefully you will ensure Boris and Jeremy also read it. The implosion of the EU is fast approaching. No wonder they are doing everything possible to get their hands on the UK’s money.

[xxxxxy] 28/6/2019 16:22

Boris for PM

Boris Boris Boris

LEAVE and WTO

And save 39 billion for the British People

LEAVE and LEAVE and LEAVE

[xxxxxy] 28/6/2019 16:21

The chilling silence about our money

By JOHNREDWOOD | Published: JUNE 28, 2019

One of the oddest things about this out of touch Parliament is the refusal of most MPs to talk about how we should spend the windfall from leaving the EU without signing the Withdrawal Agreement. Worse still the Opposition parties rush to tell us we must go on paying large sums to the EU come what may, and even some in the government seem to be dreaming up ways to go on funding the EU after we have left. Given how central to the Leave case saving the money was, this is denying us our democratic decision. There is no legal basis to justify payments to the EU after we have left. The origins of the large £39bn Treasury forecast, itself an underestimate, comes from Mrs May’s wish to delay our exit for 21-45 months which of course would lead to big additional payments, and her wish to dilute Brexit so we could remain entangled with new financial commitments thereafter.

Margaret Thatcher recognised that the UK had a bad deal on financial contributions, and got a substantial improvement to our deal as PM. Mr Blair gave away some of that improvement on the promise of a thorough reform of the Common Agricultural Policy which never happened. Many UK taxpayers and fed up with having to pay more tax to send to rich countries on the continent. These contributions give us no benefit at home, and add to the deficit on the balance of payments.

At a time when the world economy is slowing, and when Mr Draghi of the European Central Bank recommends some government reflation from tax cuts or spending rises, the UK needs a growth budget. Using the substantial money we save from October 31 if we just leave could give us the boost we need. We can spend all of the net contribution we save, whilst paying the same level of farm grants and other sums that the EU sends us from the high gross contributions we make to the EU.

The deliberate misinformation about EU grants throughout the referendum campaign sought to persuade voters that we would lose these payments when we left. They should have pointed out that as we sent them the money in the first place to pay these grants, we can simply pay them direct. More importantly, we save all the money we send and do not get back as well. We can boost the UK economy by 1% of GDP out of the savings and the tax overshoot this government has gone in for.

[the grumpy old men] 28/6/2019 16:14

Lloyds Banking Group PLC (LLOY.LN) said Friday that its chief executive and the head of its Scottish Widows business sold shares worth a combined 1.8 million pounds ($2.3 million) in the U.K. bank.

CEO Antonio Horta-Osorio sold 374,554 shares at 56.6 pence each. Antonio Lorenzo, chief executive of Scottish Widows, sold 2.8 million shares at 57.23 pence each.



Write to Adam Clark at [e-mail]; @AdamDowJones



(END) Dow Jones Newswires

June 28, 2019 09:46 ET (13:46 GMT)

[the grumpy old men] 28/6/2019 16:14

Lloyds Banking Group PLC (LLOY.LN) said Friday that its chief executive and the head of its Scottish Widows business sold shares worth a combined 1.8 million pounds ($2.3 million) in the U.K. bank.

CEO Antonio Horta-Osorio sold 374,554 shares at 56.6 pence each. Antonio Lorenzo, chief executive of Scottish Widows, sold 2.8 million shares at 57.23 pence each.



Write to Adam Clark at [e-mail]; @AdamDowJones



(END) Dow Jones Newswires

June 28, 2019 09:46 ET (13:46 GMT)

[edmundshaw] 28/6/2019 15:23

Where would you like to start. The economy? Legislation tailored to our benefit rather than that of Germany, France and Brussels? Immigration rules fit for purpose? The ability to legally rescue key industries like Steel? A saving on the billions (net) sent each year to Brussels? A chance to normalise our fishing industry? The ability to negotiate trade with whomever we wish, properly taking into account our own interests as an exporter of services?

[ladeside] 28/6/2019 15:16

I've never been to Palanga but do fancy it Alphorn. Ryanair started direct flights in the summer months from Glasgow a couple of years back but then pulled them in a huff over the APD cuts being reversed.

[minerve 2] 28/6/2019 15:07

Splice the mainbrace! 🍻

[minerve 2] 28/6/2019 15:05

To wives and to sweethearts .................may they never meet! 🍻

[minerve 2] 28/6/2019 14:59

Here's to swimmin' with bow-legged women! 🍻

[mikemichael2] 28/6/2019 14:45

More tax on your Alcohol! they will make a stack out of you.

[smartypants] 28/6/2019 14:36

edmundshaw...what argument??
Its not an argument...its a simple question

"Name one single thing that will be brilliant and make a tangible positive benefit to your own personal daily life"...after Brexit?

It is not a trick question

Your post is the silly argument, made because you (or anyone else, mr.elbee) can not think of an answer as to why it will be, or what will be, "brilliant"?

[smartypants] 28/6/2019 14:27

"Brexit will mean an end to Democracy"
Or...
God forbid...there might be a general election and the people might democratically vote in a government that I (you) do not want!!!

Isn't that how democracy works...if you don't deliver on your "promises" you get voted out and the other team gets a shot at it?

[smartypants] 28/6/2019 14:22

If... "The basic business fundamentals are of far more significance...."
Can you please explain why despite those very same business fundamentals, the share price is stuck in the 50p's..?
You might also offer up why the "political landscape"/Brexit is only going to be a "short term impact", since even the super hero Boris is now saying that a crash out of the EU, a "no deal" is to be avoided...that he thinks a better deal can be negotiated, and must be, because failure to get a better deal and crashing out of the EU with out one, will have a negative impact on the British economy, country, and its people's prosperity.
You can argue how bad/not bad..big or small that impact will be, or if it is "manageable"
But there will be a negative impact.
Short term??...well most predict at last 10 year's worth of a negative impact.
So ignoring all the current positive fundamentals...what is going to improve??...long term...short term??

Not a single person can give an example of how they personally will benefit from Brexit in any way?...yes..just call it a stupid question!

[minerve 2] 28/6/2019 14:11

"Mental health is top of the pile at the moment."

Really? Is that what they say?

Where is the money going to come from to improve services???

[poikka] 28/6/2019 14:00

I'd happily risk that, max.

[poikka] 28/6/2019 13:59

Don't advertise it, Ladeside!

[maxk] 28/6/2019 13:57

They'd probably like it Poikka.

[alphorn] 28/6/2019 13:54

Ladeside - difficult to get more ignorant than grahamite.

Your descriptions are spot on - to Sopot you can add Palanga; beautiful place.

Difficult to argue with somebody who says "It's a turn up when countries behind the iron curtain". It certainly figures as his posts are locked in a time warp of around 30 years ago. Do these people actually have a vote???

[poikka] 28/6/2019 13:52

CtR - "All traitors to democracy, the country, and the British people should receive a capital punishment."

Hope that that was tongue in cheek, Ruby.

Corporal punishment would be much more fun, degrading for the recipient and avoid martyrdom.

[ladeside] 28/6/2019 13:35

I'm not meaning to sound patronising here graham but the likes of Poland, Czech Republic, Slovakia etc are more like Austria and Germany in terms of architecture and outlook to life etc. It shouldn't be forgotten that they were in fact all parts of each others countries / kingdoms throughout most of history with the exception of 40 or 50 years in the 20th century.

I often think that our generations still have this idea of the former Eastern Bloc countries still being communist and all being dark and grey full of poor people who only have the basics.

This couldn't be further from the truth, although in the defence of people, our government certainly doesn't do anything to dispel this myth and in fact actively promotes it.

Another thing is our travel industry, not many people in this country would think to go a summer beach holiday to the likes of Sopot in Poland, however I can confirm that it's a fantastic place for a holiday, has great weather at this time of year, has an abundance of beautiful shops, bars & restaurants and in fact was known as the Monte Carlo of Northern Europe, however for whatever reason the British market appears to be completely unaware, despite them having many top chain Hotels such as Marriott, Sheraton, Hilton & Sofitel all present in the town and of course during our summer holidays the prices are a fraction of what you'd pay in Southern Europe for a poorer product.

What can I say, ignorance isn't always bliss..................