Lloyds Banking Share Discussion Threads

[waldron] 28/10/2019 15:50

Lloyds Banking Group PLC ORD LLOY UBS Buy 65.00 - Unchanged

[jordaggy] 28/10/2019 15:48

Gloomberg:

Boris Johnson’s failure to lead Britain out of the European Union as promised on Oct. 31 leaves his country facing an even bigger crunch moment next year.

Even if he can eventually deliver Brexit, the U.K. prime minister will have less room for maneuver as he confronts a familiar dilemma: How to sever trade ties with the EU after four decades of membership without triggering massive disruption to British business and the economy.

Monday’s decision to delay Britain’s departure by as long as three months means the country will have very little time to negotiate a free-trade agreement with the EU before the end of 2020, when the planned transition period smoothing the U.K.’s withdrawal is due to end.

Under the terms of Johnson’s deal, Britain will have to decide in June whether to request a maximum two-year extension to its grace period. If the U.K. refused to do so, it could still crash out without a trade agreement unless the two sides could wrap one up in just six months.

That negotiation promises to be one of the most complex either side has ever undertaken as they unpick 50 years of trade policy. Previous EU commercial accords have taken several years to reach. It took the bloc five years to strike market-opening accords with Japan and Canada and 20 to get a deal with the Mercosur group of Argentina, Brazil, Paraguay and Uruguay.

Testing Britain’s Patience
Previous trade deals have taken years to conclude


Note: EU-Mercosur is still only a draft accord requiring formal approval

While the elimination of tariffs featured prominently in those accords, EU-U.K. talks would aim to maintain the continuation of duty-free trade across the Channel while focusing on a much trickier matter: the future alignment of British regulatory standards with those of the bloc.

This is a very politically sensitive issue in the EU, where concerns are widespread that the U.K. intends to become a deregulated “Singapore-on-Thames” capable of undercutting European environmental, social and other norms. Johnson did nothing to ease these concerns by moving his predecessor’s commitments in this area out of the Withdrawal Agreement and into the non-binding Political Declaration on future EU-U.K. ties.

By their nature, the negotiations on a free-trade agreement between the EU and Britain will be more complicated than Brexit by involving not just the defensive interests of the bloc’s 27 remaining member countries but also their offensive goals. These range from Spain’s desire for access to U.K. fishing waters to France’s eye on dairy-export markets.

As with the two years of negotiations over the Brexit deal, the EU27 will have plenty of leverage when it comes to the negotiations on a trade accord -- but the U.K. won’t have the luxury of time.

[wendsworth] 28/10/2019 15:45

What's the point of this BB ? No mention of Lloyds ..probably 'cause there's little reason to buy the shares just yet?

[gotnorolex] 28/10/2019 15:29

I can vouch for that mr.elbee, every dirt road and bungalow in the military cantonment was surrounded by a monsoon drain where King Cobra's would seek shelter from the heat and dust on fahrenheit days!
Another World another Life!

[gotnorolex] 28/10/2019 15:14

This is after all the Ditch Water Fox!
Where are all the doubters that said he won't get his Brexit bill through moribund Parliament?

[mr.elbee] 28/10/2019 15:11

If any of you chaps have been to SE Asia I am sure you would agree that a Monsoon drain is the most suitable.

[lorian121] 28/10/2019 14:59

Ditch of his own making I think Maxk

[m4rtinu] 28/10/2019 14:59

Dr B. I use IWEB too. It is as "gaffer" says. £5 a trade. It is part of Halifax.

[maxk] 28/10/2019 14:55

Have they found a suitable ditch yet?

[minerve 2] 28/10/2019 14:44

Poikka

He promised to Leave 'Do or die" by the 31st October!

Don't tell me you idiots are going to deny that!

There must be a million video recordings of him saying that.

LOL

[minerve 2] 28/10/2019 14:42

Poikka

I'm going to buy you a space shuttle for Christmas (with tongue in cheek).

(Secret: I'm going to have to let you down in the future because NASA don't make them any more)

I will do my best though. ;)

[gbh2] 28/10/2019 14:34

That's the same as IG's ISA as long as one trades over three times a month.

[lorian121] 28/10/2019 14:03

Dead in my own ditch I think

[gaffer73] 28/10/2019 14:00

Iweb is free, and £5 a trade

[poikka] 28/10/2019 13:57

Can't exactly remember what it was that Boris "promised" with regard to leaving by 31.10.

Anyone recall exactly?

[gbh2] 28/10/2019 13:57

IG Isa is even cheaper, especially if you carry out a few trades per month.

[dr biotech] 28/10/2019 13:46

I use Halifax online for share dealing and can’t fault them. I pay £12.50 a year for their ISA. I have about half as much with HL and they charge about £300 a year in platform fees and recommended Woodford way past his sell by date. I am in the slow process of migrating it all over.

[mr.elbee] 28/10/2019 13:37

Yes they have no records ,Lord Bung,quite correct.

but a flock of CMC's would have got a result...

they pay them off to save themselves the ag...but then you are not a victim obsessed dodgy chav grunt..That is,of course, where you went wrong.

and so the media are not remotely interested in your case and the Halifax knows this.

[mr.elbee] 28/10/2019 13:34

Oily has a senior banking job...either Goldman's or JP Morgan....MD status..salary? at least 1/2 a million quidlets equivalent.

[bargainbob] 28/10/2019 13:20

Please sign.

[enigma2oo2] 28/10/2019 13:15

Halifax and Loyds , the worst on line banking EVER.
They can`t even do a credit transfer on line, hopeless

[lordbung] 28/10/2019 13:06

I had a valid claim against the Halifax, I supplied one of the claims companies with all the info including the mortgage roll number, and photocopies of Halifax correspondence from the 1990s. Halifax came back and said they had no record of my mortgage, and that was the end of that.