Lloyds Banking Share Discussion Threads

[xxxxxy] 16/7/2019 07:59

BREXIT FACTS4EU.ORG SUMMARY

The EU's SatNav system - Galileo

So far the Galileo Project has taken 25 years from initiation in 1994
This EU taxpayer-funded SatNav system is still only 73% complete
The original deadline for completion passed 12 years ago
The budget has rocketed to 7 times the original figure, now £17.5bn
It’s now equivalent to half the entire annual GDP for EU member state Estonia
The project is not projected to complete until 2020
This means 26 years in the making and 13 years after the original deadline
The impact of this
Users including the emergency services have been unable to access the system at all for the past five days. Here is what the EU’s agency wrote about this eventuality, when they were justifying the reason to have the EU’s own GPS system :-

“Just think what would happen if GNSS [GPS] signals were suddenly switched off. Truck and taxi drivers, ship and aircraft crews and millions of people around the world would suddenly be lost. Furthermore, financial and communication activities, public utilities, security and humanitarian operations and emergency services would all come to a standstill.”

- ‘European Global Navigation Satellite Systems Agency’ website, accessed 16 July 2019

Article

[cheshire pete] 15/7/2019 23:21

Alphorn: Have been reading that weakness in the pound is expected to continue through to the autumn Brexit deadline, which makes a lot of sense.
EU not going to give ground and Boris re-iterating we leave end Oct. come what may. He can't back down from this even if he wanted to, which he doesn't. If he were to, the Tories are finished and we'd have Corbyn, and imagine what that would do for the £.

[gotnorolex] 15/7/2019 22:47

POTUS Trump tweeted that the space agency should not be focused on the Moon, but instead on Mars, defense, and science. What a doozie! And what if they find Martian intelligent life who would like to settle here on earth? Who will he make pay for a space wall?

[xxxxxy] 15/7/2019 22:08

The Brexit Party was launched in April 2019 to ensure that the UK leaves the EU – and to change British politics for good.
In June 2016, 17.4m people voted Leave – the biggest democratic mandate in British history. But Brexit has been betrayed by the government and MPs.
We stand for a clean-break Brexit, by the new deadline of 31st October, that will enable us to take control of our laws, borders and money.
This is not only about the EU. It is about what sort of democratic country we live in.
We’re out to challenge the self-serving two-party system, make the people sovereign, and restore trust in our democracy.

[xxxxxy] 15/7/2019 22:05

From Boris Johnson:

“With regards to your question on ‘No Deal’, I want to again emphasise that this is not an outcome I am aiming for and is not an outcome that I want. As I have set out before, I believe that the very act of preparing for ‘No Deal’ will make that scenario less likely…I would also like to make it absolutely clear that I am not attracted to arcane procedures such as the prorogation of Parliament. As someone who aspires to be the Prime Minister of a democratic nation, I believe in finding consensus in the House of Commons.”

These “Alternative Arrangements” simply cannot be delivered, and it is to Ms Morgan’s discredit that she continues to push such self evident nonsense. These “Alternative Arrangements” are not compatible with EU rules, and they cannot be made to be without the EU changing its own rules, which would require treaty change and the unanimous assent of the EU27.

A spirit of compromise is all well and good, but the EU is not going to sow the seeds for the destruction of the Single Market simply to suit a member who wishes to leave it.

Sorry, but it just isn’t going to happen, no matter how big the EU’s trade surplus is.

Either NI continues to be part of the Single Market or there’s a hard Irish border. These attempts to promote a non existent third way are unhelpful.

good luck with that, I assume the EU are not interested because the aim of the border issue is to put a spoke in the works and gain an advantage in the negoitations its not there to be resolved.

Whilst I appreciate Nicky Morgan's attempts to compromise I fear it too little, too late. Views on both sides of the party and the house are now so entrenched that it would take some backroom dealing of extraordinary skills to come up with a solution that is acceptable and would be likely to pass, doubly so if it's based on May's appalling WA.
The backstop aside, there are a multitude of problems with the WA, may of which have been gone over again and again and to which, of course, the EU have said repeatedly, is not open for renegotiation. I have gone through a few below.

It is negotiated as a Treaty from which the UK cannot legally unilaterally withdraw, a treaty breach would give rise to retaliatory action by the EU which would be rendered lawful by a UK treaty breach. Title III of Part 8 of the WA empowers an arbitration panel to rule whether a party has breached the WA and, if so, what reparation is due.
This means that retaliatory action could be taken against us, particularly against our trade with the EU, for which we would have no remedy under the framework of WTO rules. This contrasts with leaving without a deal – a perfectly permissible step under international law which – because it is lawful – leaves us protected against many forms of retaliatory action by the EU.
The transition period
Quote: "Notwithstanding Article 126, the Joint Committee may, before 1 July 2020, adopt a single decision extending the transition period up to [31 December 20XX]."
What does it mean? On the face of it, a potentially never-ending transition. But U.K. officials insist there will be a later agreement setting a limit on how long this standstill period could be extended for — and that it could be only a matter of months.
The transition period, during which time all EU rules still apply to the U.K. even though it won't have a say in setting them, is currently set to last until December 2020.
The CJEU will continue to determine cases brought before it in the normal way during the transitional period, the length of which remains unclear at present. CJEU’s rulings will be binding on UK courts.
Article 4(5) of the Withdrawal Agreement obliges UK judicial and administrative authorities to “have due regard to relevant case law of the Court of Justice of the European Union handed down after the end of the transition period.
Further more, the Withdrawal Agreement also makes special provision for the role of the CJEU in relation to disputes arising under the Agreement. Under the Withdrawal Agreement, disputes will be dealt with by an independent arbitration process rather than by the CJEU. Crucially, however, an arbitration panel established under that process will have to refer questions concerning the interpretation of EU law to the CJEU. The CJEU has exclusive jurisdiction to render such interpretations under the Withdrawal Agreement and its rulings are, according to Article 174(1), “binding on the arbitration panel”. And the arbitration panel’s rulings are, in turn, “binding on the [European] Union and the United Kingdom” (Article 175).
The WA will not end the direct effect and supremacy of the EU law over UK law. Article 4 makes it very clear that relevant provisions of the Withdrawal Agreement and of EU law will have supremacy over UK law. The Withdrawal Agreement explicitly stipulates that the UK must enact “domestic primary legislation” in order to make good on its undertakings regarding direct effect and supremacy. This, says the Agreement, will ensure that “judicial and administrative authorities” in the UK are authorised to “disapply” domestic law that is “inconsistent” or “incompatible” with relevant provisions of the Withdrawal Agreement and of EU law.
The Political Declaration is clearly incompatible with negotiating a Canada-style FTA with the EU. In the real world, it is only compatible with a customs union and the UK would be forced into one as part of the long term deal.

Full article

[minerve 2] 15/7/2019 21:57

Creeps of one feather...

[minerve 2] 15/7/2019 21:56

Perhaps Trump should send his wife back to wherever she came from because she doesn’t look happy.

ROFLMAO!

[xxxxxy] 15/7/2019 21:55

Johnson’s August 1) He must spend time in Scotland

It is now overwhelmingly likely that Boris Johnson will be the next Conservative Party leader and become Prime Minister.

He may well face a no confidence vote in September, and the Brexit extension expires at the end of October in any event.

So he and his new team will have to hit the ground running in August. We open today a brief series on what he should do during that month and late July before the Commons is due to return on September 3.

Full article

[minerve 2] 15/7/2019 21:37

“and the rest of us”

You mean Dad’s Army?

LOL

[minerve 2] 15/7/2019 21:34

Ever been to the US grahamite?

[mr.elbee] 15/7/2019 21:33

Donald , and the rest of us , think Theresa May is completely unacceptable..
So what.

[exlogicalod] 15/7/2019 21:32

What is wrong with Morris dancing. Plenty of practice with bells and baseball bats for those who have another opinion.

[bargainbob] 15/7/2019 21:23

Wind power output in Scotland hit a record high during the first six months of 2019, according to figures from Weather Energy.
It has calculated the energy produced by turbines could power every home in Scotland and part of the north of England.
The period to June, it claimed, saw the equivalent of 4.47 million homes' consumption supplied by wind power.
WWF Scotland has described the trend as a "wind energy revolution".
Its climate and energy policy manager Robin Parker, said: "These are amazing figures; Scotland's wind energy revolution is clearly continuing to power ahead.
"Up and down the country, we are all benefiting from cleaner energy and so is the climate.
"These figures show harnessing Scotland's plentiful onshore wind potential can provide clean, green electricity for millions of homes across not only Scotland, but England as well.
Alex Wilcox Brooke, of Severn Wye Energy Agency, added: "These figures really highlight the consistency of wind energy in Scotland and why it now plays a major part in the UK energy market."

[maxk] 15/7/2019 20:59

Anyone surprised?



Theresa May thinks Donald Trump's comments about congresswomen are 'completely unacceptable'

[bargainbob] 15/7/2019 20:45

We cannot all be like Exlogiclad Grahamite2. Wanted to be a Morris dancer before he could walk.

[grahamite2] 15/7/2019 20:12

There was a time immigrants to America went there determined to become Americans. That didn't mean forgetting their roots entirely - they might even call themselves "Italian" or "Irish" or whatever - but they aimed to fit in and try and become part of the American Dream.

Now they go to America and can't wait to say what a terrible, awful place it is - in which case, why didn't they stay at home? The people Trump was attacking are some of the worst of these and Trump was 100% right. He has nothing to apologize for.

[poikka] 15/7/2019 20:12

"Outgoing chancellor (oh, has it been confirmed?), Philip Hammond, has pledged to do everything he can to block a no-deal Brexit when a new prime minister enters Downing Street next week.

Mr Hammond told CNBC that he did not want to make life difficult for either Boris Johnson or Jeremy Hunt, the two contenders to replace Theresa May.

However, he also said: "If the new government tries to drive the UK over a cliff edge called no-deal Brexit, I will do everything I can to stop that happening."

Here's an idea, Phil: how about you and your m8s do everything you can to support Brexit, and then we might avoid a "no-deal". And just to make it clear to you, the next PM will do all he can to secure a deal that works for both us and the EU. The "no-deal" scenario is something that we have to prepare for and has to be a bargaining chip.

Thought you might have grasped that by now..

[alphorn] 15/7/2019 18:49

ST is getting mixed up with the 'sides'. It has been a consistent message that riots will take place unless the UK is out of the EU tout de suite. I doubt that too.

[gotnorolex] 15/7/2019 18:49

Simon Taufel says the on-field umpires made a "clear mistake"
He's just being pedantic and a spoilsport!
THE BETTER TEAM BY A WHISKER WON!

[shy tott] 15/7/2019 18:46

BB, could you give a date from when we'll see troops on the streets? You say months, could you be more specific please? Then we can look back at that time and see whether we actually have troops on the streets or whether you have caught the paranoia bug, which seems to be infecting remoaners more and more as Brexit day approaches. If you don't give a date, I'll assume 6 months, so we'll revisit this on Jan 15 2020.

Any other paranoias? Aircraft falling out of the sky? Aliens destroying all humans in November? All men becoming impotent, so the end of mankind? Scotland sinking into the north sea?