Lloyds Banking Share Discussion Threads

[xxxxxy] 02/2/2020 11:43

John Atkins 2 Feb 2020 10:04AMThe EU fought tooth and nail to keep Ireland and then Greece in. They fought and lost to keep the UK in. Now they will fight to keep the EU together and prevent total unravelling. To achieve this they will 'cut their nose to spite their face'. The UK (from their point of view), must be seen to pay a price for exit. And the ongoing Brexit deal will be less than optimum for this reason if no other. More power to the UK Gov now. The UK will thrive now because we can deal with the whole world if the EU will not play ball. The 'transition' will provide great opportunities for the nimble. Your next Mercedes may have tariffs put on the price but the Japanese, Koreans and Chinese make jolly nice cars and are falling over themselves to regain the UK market share they lost to France, Italy and Germany in the 1970s.See the Future 2 Feb 2020 10:06AMYou do know that under WTO rules all imports of the same type of goods must bear the same tariffs? And that it is the consumer who really pays the tariffs not the producer?ROBERT POLATAJKO 2 Feb 2020 10:11AM@See the FutureChrist, are you the token globalist troll?F off to the Guardian. John Atkins 2 Feb 2020 10:12AM@See the Future yes and the UK Government get the tariff money and can therefore cut taxes on whatever they choose and still maintain a healthy exchequer. Tariffs are a tax by another name. WTO rules only apply in the absence of a 'Trade Deal'. Japan, Korea and China will sign deals with the UK this year. 

[crossing_the_rubicon] 02/2/2020 11:28

"sr2day2 Feb '20 - 05:11 - 291702 of 291717
If we are rejoicing about leaving EU and feel liberated why can,t Scotland be liberated from UK.. now that UK has left EU another referendum in Scotland would be justified because the goalposts have been moved"


Concur - the goal posts have been moved with brexit, so give them a second vote.

And allow RuK to vote as well. And we'll ensure the result SNP wants.

Full Hard Border between Scotland & England, No £££ sterling, full tariffs on Scottish exports.

[gotnorolex] 02/2/2020 11:27

UTT sadly even though the Jacobites and Tories are neighbours, never the twain shall meet!

[crossing_the_rubicon] 02/2/2020 11:20

"Boris Johnson 'infuriated' as EU reneges on free trade deal
The Prime Minister believes Brussels has unilaterally been 'changing the terms' of the deal he agreed last year"


That they have. Once again illustrating the EU are not our friends as Remoaners incessantly claim.

And we should not treat them as such therefore.

Our closest friends are NZ, OZ, Canada, USA, all for obvious reasons, namely blood.

[crossing_the_rubicon] 02/2/2020 10:30

BJ must have been reading my posts on Advfn.

I've been calling for such since the beginning.

And make them Trumpesque and eyewateringly high.

[utrickytrees] 02/2/2020 10:29

Off you go then Ken.Dont bring us all down with your perpetual negativity m8 for once do something positive & kick us off with an interesting Lloyd's topic for discussion instead of just fkin moaning all the time.

[utrickytrees] 02/2/2020 10:26

Good point GNR.

In the most recent YouGov survey only 34% of jocks were in favour of indy2 referendum this year. As much as they're vagasil (annoying cxxt's) they're not stupid, they know the SNP haven't got Scotland where they need to be to make a success of independence yet...its as simple as that.

Sturgeons behaviour is a bit like the Cardiff city manager (Neil Harris, currently 10th in the Championship), having a paddy & demanding automatic promotion into the premiership when only 34% of Cardiff fans would want all the financial implications of an Ill fated premature promotion when the players simply aren't good enough.

YouGov 34% of Scots want indy2 this yr.

[kenbachelor] 02/2/2020 10:16

I for one am hoping that this will get back to being the Lloyds thread now that Brexit is in place. Having to read 100 off topic posts every time I open it is becomming very wearing.

[gotnorolex] 02/2/2020 09:45

How about honouring the result of the referendum?

[bargainbob] 02/2/2020 09:39

Oh boy so out of touch with events in Scotland utrickytreees.

[maxk] 02/2/2020 09:21

Britain is ready to speak for itself at WTO's top table

UK's ambassador to the UN sets out plan to play active role in discussions during transition period with EU


By
Christopher Hope,
CHIEF POLITICAL CORRESPONDENT and
James Crisp,
BRUSSELS CORRESPONDENT
1 February 2020 • 10:00pm







On Tuesday in an office in Geneva, a career British civil servant will take a small but very significant step as Britain formally enters the world as an independent trading nation.

Julian Braithwaite, the UK's ambassador to the United Nations since 2015, will sit down at Britain's seat at the Geneva offices of the World Trade Organisation.

The event will be deeply symbolic for post-Brexit Britain, a country that was a founder member of the GATT, the predecessor of the WTO, which was only created in 1995.

Until now Mr Braithwaite has only been allowed to sit at the back of WTO meetings as the European Union has set out the UK's position as just one of 28 EU countries in global trade talks.

[diku] 02/2/2020 09:15

From the above post...Sir John Redwood is on the button and sums it up very well in plain language...




I was disappointed to see that you have not understood why so many people in the UK voted to leave the EU in the first place and why so many voted in the two subsequent General elections for parties that wished to see Brexit through. You state that you need a “sovereign and democratic Europe whose strength will make our continent strong” . You may well think the EU needs to have a stronger central government which is more efficient and effective at doing things. Your task is to explain that vision of greater EU integration and power both to the EU itself where the Germans are sometimes more reluctant than you going forward, and to your own voters who do not all share that vision. I can assure you that the pro Brexit majority in the UK was fundamentally opposed to more EU political integration, and wanted powers back from the EU for the UK which the EU decided not to offer. As a bare minimum we wanted control over our taxes, benefits and borders, areas where UK governments had previously falsely assured us we would retain a veto.

It is not now for the UK to tell the EU what level of political or economic integration is appropriate because we are no longer members with vote and voice. We wish you all well in coming to a happy outcome. I note making a success of a single currency usually requires substantially more political, budgetary and economic integration than the EU has so far achieved. It usually needs what the Germans somewhat disparagingly call a “transfer union”. When I with others ran a successful campaign to persuade the UK not to join the Euro it was obvious the UK needed a different relationship with the EU, whilst the EU proceeded on the false assumption that it was only a matter of time before the UK gave in and joined the currency.

[xxxxxy] 02/2/2020 09:04

Rotterdam Effect. If this is the case, then the HMRC estimates that the actual value of UK trade with the EU is 8% lower than official figures suggest (and UK trade with the non-EU world is 8% more than is currently officially stated.) If true, it tends to strengthen the argument that the EU is less significant to the UK than officially recognised. Full article htTps://www.economicsonline.co.uk/Global_economics/The_Rotterdam_effect.html

[rburtn] 02/2/2020 08:46

Now it is clear who has taken back control - the four who produce 90% of the print news. Our M.P.s are terrified of crossing them and an important few, our P.M. for a start, are actively controlled by them. Phony wars sell papers so let's keep the aggro against the EU on the front page.

But personal thanks may be in order. I presume, when we are out, UBS will not be obliged to report to The Revenue on the rump of the account held in Switzerland since I worked there. Of course, the beneficial owners of those vast fortunes via the Overseas Territories which manipulate Britain's belligerent morons can look forward to at least another five years tax free. Lovely, they can milk the country, bankroll the Tories with the proceeds, call the shots and have fun with the Belligerent Morons, what not to be optimstic about.

Pandemics? Come off it, who wants co-operation between nations. They don't touch us, we jolly British - er, no, English, are immune from such considerations. Or at least those rich enough to have bolt holes are.

Useful people, Belligerent Morons, to the ruling elite.

[xxxxxy] 02/2/2020 08:00

John Redwood
@johnredwood

No more concessions to the EU. They need to make us a good offer to secure privileged access to our lucrative market. We did not leave in order to stay under their rules and demands.

[xxxxxy] 02/2/2020 07:59

Reply to President Macron

By JOHNREDWOOD | Published: FEBRUARY 1, 2020
Dear President Macron


Thank you for your letter addressed to the UK on the occasion of our departure from the EU. My country looks forward to welcoming you personally to the UK for your next visit, and wishes to have friendly relations with you as our neighbouring state as with the rest of the EU.

As an independent nation we support free trade, democracy and peace and will work to promote all three with our allies and friends. We regard the question of membership of the EU as something for the peoples and governments of each country to decide without external interference. We will work closely with fellow European countries whether non members like Norway and Switzerland or members like France and Germany on issues where we have a common interest or viewpoint.

I was disappointed to see that you have not understood why so many people in the UK voted to leave the EU in the first place and why so many voted in the two subsequent General elections for parties that wished to see Brexit through. You state that you need a “sovereign and democratic Europe whose strength will make our continent strong” . You may well think the EU needs to have a stronger central government which is more efficient and effective at doing things. Your task is to explain that vision of greater EU integration and power both to the EU itself where the Germans are sometimes more reluctant than you going forward, and to your own voters who do not all share that vision. I can assure you that the pro Brexit majority in the UK was fundamentally opposed to more EU political integration, and wanted powers back from the EU for the UK which the EU decided not to offer. As a bare minimum we wanted control over our taxes, benefits and borders, areas where UK governments had previously falsely assured us we would retain a veto.

It is not now for the UK to tell the EU what level of political or economic integration is appropriate because we are no longer members with vote and voice. We wish you all well in coming to a happy outcome. I note making a success of a single currency usually requires substantially more political, budgetary and economic integration than the EU has so far achieved. It usually needs what the Germans somewhat disparagingly call a “transfer union”. When I with others ran a successful campaign to persuade the UK not to join the Euro it was obvious the UK needed a different relationship with the EU, whilst the EU proceeded on the false assumption that it was only a matter of time before the UK gave in and joined the currency.

You state that UK access to the single market will depend on the “degree to which EU rules are accepted”. The UK is leaving so we can make our own laws. The government has made clear we seek a Free Trade Agreement if there is a mutually beneficial one that is better than trading with each other on best or favoured nation WTO terms. Japan and Canada have good FTAs with the EU that do not require accepting EU legislative supremacy. You should also remember that the EU seeks preferential access to the UK market, which it has enjoyed for many years. Our mutual trade account is dominated by EU exports, not by UK exports. We are happy to offer continued tariff free and relatively barrier free entry to the UK in return for similar access to the EU despite the big imbalance in trade in the EU’s favour.

Brexit voters voted to leave the single market and customs union and do not share your rosy view of these devices. Many think the EU sees the UK as a Treasure island, to take our money and to sell us many goods on terms denied the rest of the world. We do not think the single market was created by UK Ministers. As the UK’s single market Minister in the crucial period prior to the 1992 so called completion of the single market I remember fighting many battles at the time trying to make the single market less of an excuse for a power grab with a big build up in bureaucracy over business. Some of the large companies who now support EU rules in those days wanted me to argue against many of them or to water them down on the grounds that they made things dearer but not better and were hostile to innovation. .

I watched sadly our first ten years of membership of the EEC. As I predicted at the time, the shock of removing all tariffs on goods where Germany and to a lesser extent France and Italy had a comparative advantage over us, without removing barriers to a wide range of services where the UK had an advantage resulted in a big increase in our trade deficit with the EU which continued throughout our membership. More importantly it led to a halving of our car output, to a large reduction in our steel output, to the closure of many foundries and textile mills. No wonder I and many like me developed or confirmed a negative view of the EEC/EU. This was made far worse by the disaster of the European Exchange Rate Mechanism inflicted on us by the EU and the governing elite in the UK.

So please understand we want to be friends with the EU and with its individual member states. We are happy to trade freely with you even though it helps EU exporters more than our own. We see no need to sacrifice further or pay more for our future relationship. Your letter implies the EU has learned nothing and still does not understand why we left. We left to be an independent country. You cannot drag us back under EU control because it suits the EU.

You mention Winston Churchill.He did indeed want a more integrated Europe but never thought the UK would be part of it. He wrote his History of the English speaking peoples to set out his view that the UK needed closer ties with the USA and other Countries in his history.

With every good wish

John Redwood

[sr2day] 02/2/2020 05:11

If we are rejoicing about leaving EU and feel liberated why can,t Scotland be liberated from UK.. now that UK has left EU another referendum in Scotland would be justified because the goalposts have been moved.

[mitchy] 02/2/2020 00:09

Johnson's threatens to put duty on German cars, French and Spanish wines if no free trade deal by the end of 2020.Plus no access to UK fishing waters.Hell yeah....!

[mitchy] 02/2/2020 00:00

Housing market heats up with new mortgages highest for two years.

[maxk] 01/2/2020 23:58

Boris Johnson 'infuriated' as EU reneges on free trade deal

The Prime Minister believes Brussels has unilaterally been 'changing the terms' of the deal he agreed last year

By
Christopher Hope,
CHIEF POLITICAL CORRESPONDENT
1 February 2020 • 10:00pm






Boris Johnson has become "privately infuriated" with what he sees as the EU's attempts to frustrate a comprehensive free trade deal, the Sunday Telegraph can reveal.

The Prime Minister believes Brussels has unilaterally been "changing the terms" of the deal he agreed last year, when both sides set out to work towards an ambitious and deep trade agreement.

As a result the UK is no longer wedded to a Canada-style agreement, in what would be a major hardening in the Government's Brexit strategy.

Downing Street negotiators are now willing to pursue a much "looser" trade deal while simultaneously signing agreements with countries that make up 13 per cent of the world's GDP.