Lloyds Banking Share Discussion Threads

[alex1621] 16/9/2019 08:14

I'm watching that carefully. It looks like Johnson needs a deal and his ERG/DUP pals are coming around to that idea ... with talk of revoking Article 50 there are a few nervous sphincters amongst the "Spartans". If that comes to pass would be very positive for Lloyd's ... and any hint of an interest rate hike by Carney would push that narrative further.

[k38] 16/9/2019 08:12

I never turn my back to my 'enemies' bob..lolK38 will be here as long as Lloyds still trading.While you are here to troll on 'Scottish referendum' (dream on) I will be making money.

[alex1621] 16/9/2019 08:09

The only point that I'd make about Lloyd's before the financial crisis was that it was a safe, well run, bank, considered boring and underperforming by the City, compared to RBS. It would probably have survived the crisis without help if it had not been strong armed by Gordon Brown into merging with Halifax/BOS, without really understanding the extent of the problems with these banks. Then it had to deal with the fallout.

[jam2day] 16/9/2019 07:42

Why is it a bad move - did you read the article?

[montyhedge] 16/9/2019 07:32

Be nice quarterly dividends next year, cheque on the doorstep every 13 weeks.

[happy26] 16/9/2019 07:16

Totally agree gaffer73

[bargainbob] 16/9/2019 07:13

What will this week bring .

Will we see the back of K38 if 56p reached .

Will the Incredible Hulk of a pm save the day .

Find out this week.

[gaffer73] 16/9/2019 06:51

Now that is a bad move

[xxxxxy] 16/9/2019 06:38

The sovereignty of the people, and the battle of government and the Judges

By JOHNREDWOOD | Published: SEPTEMBER 16, 2019

It would be completely unacceptable if the UK’s decision to stay for longer in the EU or to leave on the due date of October 31st fell to be decided by a few Judges. The people are sovereign. We exercised our sovereign right to decide between Leave and Remain. We accepted the promises of the main parties in Parliament that they would implement our decision. The ballot paper did not qualify leave, or suggest we could only leave if there was a deal the Establishment liked. Electors followed up the referendum by electing a Parliament dominated by two parties promising to implement the vote. The public put the Lib Dems in a weak third pace on their proposal of a second referendum because they did not like the result of the first.

The sovereign people delegate their sovereignty to an elected government and Parliament to exercise for them between elections. The power of the people is restored at election time when we can change as many MPs as displease. Between elections the force of public opinion seeks to keep the MPs and government honest , loyal to its promises and keen to serve the public.

The relative power of Parliament and government has long been fought over in the courts and in Parliament. The law courts have usually accepted that matters of high policy and politics are matters for Parliament alone. They have also respected Parliamentary privilege which allows Parliament to talk freely about all matters, save the details of an individual’s actions which are the subject of a live court case. Parliament respects the sole right of the courts to determine the guilt or innocence of people under the criminal law, and their right to determine civil cases without Ministerial interference. Ministers may of course intervene or undertake an action in a civil case by submitting a government view to the Judge for decision.

Government has been given powers to negotiate treaties, propose budgets and submit draft laws to Parliament for approval. Government controls the timetable of Parliament but by convention allows regular days for the Opposition to specify the subjects that most concern to them and to debate them. It does not provide Opposition legislation time. It is based on the assumption that government commands a majority of the House. If government no longer commands such a majority then there must be a General election so the public can choose a government who can.

There are currently some MPs who are determined to break this constitutional settlement. They wish to assert Parliament above the government so that government can no longer function. They want to strip government of its powers to control the timetable, propose the budgets and the laws. They wish to irresponsibly spend money the government has not provided and pass laws the government does not accept, without themselves having the votes or ability to take the responsibilities of government on themselves. Worse still, when the government challenges them to an election so the sovereign people can decide whether they want the government’s approach or do want to change to that of the Opposition, they block any such move.

The final irony is that an anti government alliance in the Commons uses its temporary power to propose a law to put through an Act of Parliament to make the PM do what he does not want to do, placing all these huge issues under the courts. So far from making Parliament sovereign as they claim, by usurping the power of the people in the referendum and denying an election, they want to submit Parliament to the power of the law courts. How can they seriously suggest that through this Act of Parliament our departure from the EU should fall to be decided by Judges, who will be invited to slap down the Prime Minister to do so? What Judge would want to overrule the decision of the people in a referendum?

[jordaggy] 16/9/2019 04:39

Hotting up.

[k38] 15/9/2019 21:46

The Magna Carta of 1215 ...."All merchants may enter or leave England unharmed and without fear, and may stay or travel within it, by land or water, for purposes of trade, free from all illegal exactions, in accordance with ancient and lawful customs." Magna Carta, Chapter 41 [3] Free trade is in Britain's history and in its bones. It is the politically and economically right thing to do. And it can be done quickly and simply.

[stag6] 15/9/2019 21:32

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

[stag6] 15/9/2019 21:31

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

[stag6] 15/9/2019 21:31

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

[stag6] 15/9/2019 21:29

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

[stag6] 15/9/2019 21:29

We need a General Election to get the Brexit voters putting Boris back with an 80 seat majority.

[k38] 15/9/2019 21:26

Article 50 has been triggered and the UK will leave the EU by 31st. It will be the second country to leave the EU after Greenland in the 1980s – not a lot of people know that.

[k38] 15/9/2019 21:20

Despite talk of "rules", the WTO does not actually specify particular tariff levels. The basic idea is that countries set the tariffs for goods imported into their territory. The tariffs for exported goods are set by the receiving country, and they don't need to be the same. There are four main rules to the WTO framework: Countries can set their tariffs as low as they like. A country can set all its tariffs to zero, which is called full trade liberalization, whether or not its trading partners reciprocate. Countries can set their tariffs as high as they like, subject to a maximum WTO tariff rate which is called the bound tariff. Tariffs cannot be higher than this bound tariff, which varies depending on the type of good. Countries have to charge the same tariff for all exporting countries. They are not allowed to discriminate and all exporters are treated on the same "most favoured nation" (MFN) basis. But there is an exception to the third rule. If you have signed a customised trade agreement with one or more other countries, then the tariffs under that agreement can be less than your MFN tariffs. Currently Britain's tariffs are set by the EU, as part of the EU's Customs Union. Tariff rates vary by product, with agricultural products having particularly high tariffs to protect EU farmers. The average EU tariff for agricultural products is 11pc, with the maximum tariff for some products being 170pc. For non-agricultural products, the average is 4pc, with a maximum of 26pc.

[minerve 2] 15/9/2019 20:55

Poor Boris, I hope Dom has got this all flowcharted for him. ‘What a tangled web we weave when first we practise to deceive!’

[minerve 2] 15/9/2019 20:38

Losers.

Revoke Art 50 now.