Lloyds Banking Share Discussion Threads

[xxxxxy] 15/2/2020 13:45

roger hudson14 Feb 2020 9:48PMThe EU stance, fishing, Gibraltar, ECJ rulings, future EU variable alignment, The City aligning finance, state aid rules and Ireland  means we might as well walk away now. Is a NO DEAL.Boris needs to remember " NO Deal is better than a Bad Deal", we could have had that over a year ago.1LikeReplyNicky Chapman14 Feb 2020 9:49PMOh well looks like we're gonna get it now. Patience is a virtue.

[chavitravi2] 15/2/2020 13:40

I've been looking now for quite a time for a reasonable entry point after kicking myself not ignoring the Mrs and buying in at 49p. I read in City analysis this morning they expect a hit of £2.5billion for full year on the mis selling saga.
They also expect profits to tumble by 25% for 2019.
They also think the annual report will be published alongside results and the exec pay details. On balance I think I will wait a bit longer till after next Thursday.

[xxxxxy] 15/2/2020 13:39

John Condon14 Feb 2020 11:20PMWe all know surrendering our fisheries is wrong IN PRINCIPLEBut when the head of the  Bank of England says that we must deviate from EU rules & when Barnier says all that is on offer regarding financial services is 30 days of equivalency.....it beggars belief that anyone would surrender our fisheries for nothing worth having I know the EU trolls will say it's only 0.07% of your GDP  let us have it.....but why are they so concerned given it's only 0.04% of their GDP16LikeReplyKarl Roberts15 Feb 2020 12:01AM@John Condon the EU trolls are thickosIn the years to come when food resources become more important for many reasons most people with a brain cell will know, having food resources will be crucial.  The value of all this will skyrocket. We need to stop thinking short termism.

[mr.elbee] 15/2/2020 13:03

gotno
totally biased BBC online post about Italy.

You dont really believe anything the BBC writes anywhere do you?

[minerve 2] 15/2/2020 11:26

So, Boris and his fellow chimps introduce 'control' on immigration and then the first thing they do is entertain China on building HS2.

LOL

Doesn't anybody see the hypocrisy?

[minerve 2] 15/2/2020 11:21

mm2

Come on then captain of industry, what have you achieved?

The answer is in the fact you were a plumber. If you were a genius or someone who was more capable it is very unlikely you would have chosen to fix toilets and taps.

The truth is you flunked it at school and, like most other gammons, you want to protect your Little England from low skilled immigrants because they out compete you. You also are envious of those who are truly successful and find themselves comfortable within the EU.

Time of response: 11.21AM ;)

[crossing_the_rubicon] 15/2/2020 11:17

Economic impacts of Corona Virus shutdown.

More deets:


How bad is it?

Harvard Expert Warns, Coronavirus Likely Just Now "Gathering Steam"

A couple of things are striking. One is that there are countries that really should be finding cases and haven’t yet, like Indonesia and maybe Cambodia. They are outside the range of uncertainty you would expect even given variability between countries. So our best guess is that there are undetected cases in those countries. Indonesia said a couple of days ago that it had done 50 tests, but it has a lot of air travel with Wuhan, let alone the rest of China. So 50 tests is not enough to be confident you’re catching all the cases. That’s one bit of evidence that to me was really striking. Second, I was reading The Wall Street Journal that Singapore had three cases so far that were not traced to any other case. Singapore is the opposite of Indonesia, in that they have more cases than you would expect based on their travel volume, probably because they’re better at detection. And even they are finding cases that they don’t have a source for. That makes me think that many other places do as well. Of course, we’re making guesses from limited information, but I think they’re pretty likely to be correct guesses, given the totality of information.






Economic impact of Covid-19

"However, it is the far more important - for China's GDP - construction steel sector where apparent demand has literally hit
the bottom of the chart, down an unprecedented 88% Y/Y or as Goldman puts it, "construction steel demand is approaching zero.

Courtesy of Capital Economics, which has compiled a handy breakdown of real-time China indicators, we can see the full extent
of just how pervasive the crash in China's economy has been, starting with familiar indicator, the average road congestion
across 100 Chinese cities, which has collapsed into the New Year and has since failed to rebound.





"I Have No Idea What To Do Now": South Korean & Japanese Firms Screwed By Shortage Of Chinese Migrant Workers

[crossing_the_rubicon] 15/2/2020 11:16

"k3814 Feb '20 - 23:40 - 292916 of 292924
Send them back home.. YES PLEASE!"


Little point. They'll worm their way back into the UK at some point.

Capital sentence.
Permanent.
Victims get closure.
And we're all saved the hassle and expense of having to deal with these awful foreign criminals ever again.

[poikka] 15/2/2020 11:07

5xy 917 - "They need to move on from pessimistic Hammond style economics.."

Amidst all the theories about the re-shuffle, that's what I take from it: a shift away from the gloomy, pessimistic Ministers to a positive we-can-do-it Cabinet.

[smartypants] 15/2/2020 10:58

"has not changed his mind"
Carney said..
"In an environment where everything is getting a fresh look, it's fertile ground for taking a step back and making bigger changes than otherwise might have been made before Brexit."
Carney, who angered many supporters of Brexit with his comments, has not changed his mind, even if Johnson says leaving the EU will unleash Britain's potential.
"It's absolutely clear in the data, whether both the survey data and the hard data, that it's had an impact, a notable impact on investment and of course that flows through to productivity," he said.
The BoE has estimated that the Brexit process has reduced productivity - a key gauge of how much an economy can grow over the longer term - by 2%.

[mitchy] 15/2/2020 10:44

No Scruff. He is actually seeing money come into the UK. Companies reserving office space ahead of moving here,Nissan pulling out of the EU and into the UK, house prices rising etc. Even a Canadian can see all that.

[freddie01] 15/2/2020 10:11

The EU is facing a serious crisis. It's funding the same people who wish to wreck it

[scruff1] 15/2/2020 09:46

That's a bit worrying then mitchy. Blows with the wind

[cm44] 15/2/2020 08:53

Is this just subjective scaremongering or entirely feasible?

[xxxxxy] 15/2/2020 07:47

We need change at the TreasuryBy JOHNREDWOOD | Published: FEBRUARY 14, 2020Congratulations to Rishi Sunak. He is  able and hard working, with a knowledge of the expenditure side of the Treasury from his role as Chief Secretary.  The immediate task is to challenge Treasury officials into completing the change from the Maastricht economics of austerity to a pro growth optimistic economics that chimes with the Prime Minister's vision. Boris has been clear we want growth, opportunity and levelling up. The aim  is prosperity, not austerity. The purpose is more people in better paid work, more owners, a better spread of wealth and income around the whole UK.You do not achieve that by writing the Maastricht rules back into the fiscal framework, nor by hiking taxes or trying to tax the rich out of the country. I think The PM was right to want common working between the Chancellor's team and his own. The leaks, briefings and rows about the forthcoming budget were not helpful. I expect Rishi to spend more time on persuading Treasury officials to complete their journey. They need to move on  from  pessimistic Hammond style economics which said the UK cannot be a success on  her own and needs to beg to stay close to the EU, to an optimistic global UK approach. We need to grasp the future by investing in it. We need a bigger and  more prosperous private sector, which requires lower tax rates and a holiday from  yet more prescriptive regulation.