Lloyds Banking Share Discussion Threads

[dr biotech] 19/2/2020 12:11

To quote the latest IMF forecast - this

Growth in the euro area is projected to pick up from 1.2 percent in 2019 to 1.3 percent in 2020 (a downward revision of 0.1 percentage point) and 1.4 percent in 2021. Projected improvements in external demand support the anticipated firming of growth. The October 2019 WEO projections for France and Italy remain unchanged, but the projections have been marked down for 2020 in Germany, where manufacturing activity remains in contractionary territory in late 2019, and for Spain due to carryover from stronger-than-expected deceleration in domestic demand and exports in 2019.

In the United Kingdom, growth is expected to stabilize at 1.4 percent in 2020 and firm up to 1.5 percent in 2021—unchanged from the October WEO. The growth forecast assumes an orderly exit from the European Union at the end of January followed by a gradual transition to a new economic relationship.


Liam Halligan wrote "The International Monetary Fund has upgraded its 2020 UK growth estimate, despite lowering forecasts elsewhere, with Britain set to expand 1.4 per cent this year – faster than France, Germany"



But its not true - they haven't upgraded its 2020 forecast -its a fractional 0.1% in 2021 and assumes we leave and transition in an orderly fashion - a caveat he conveniently omits. But 0.1% is really neither here nor there. You could just as easily say the rate of growth in the Eurozone has picked up (1.2-1.3%)whereas it hasn't in the UK. The changes in the forecast are pretty insignificant. We need growth of >2% imo.

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Fingers crossed for tomorrow. I'm hoping for no surprises.

[xxxxxy] 19/2/2020 12:00

Hugh Soden 19 Feb 2020 11:42AM" In practice, this means that companies trading between the UK and Europe will need to deal with a range of new frictions, such as import/export declarations, rules of origin, and the physical inspection of food products"Surely you mean, just like they have to do when exporting outside the EU. Most of them already do have to understand and operate in that way - what's the problem if they have to do the same when exporting to the EU?Besides, they have had four years to beef up their export departments.Come on - this is more project fear from recalcitrant remainers.6LikeReplyLogi Doc 19 Feb 2020 11:46AM@Hugh Soden  Apparently Business in the UK has been wearing "stabilisers" on its little bike within the protectionist cartel of the EU tariff barrier and will not know how to cope (i.e. continue to hand management huge bonuses for profits founded on cheap labour) once we are outside it.

[pwal] 19/2/2020 11:57

Result tomorrow?

[xxxxxy] 19/2/2020 11:54

Reg post 371

[xxxxxy] 19/2/2020 11:53

Voice of the EUSSR calling. Gestapo and Mafia threats and intimidation.Ugly sod.

[1carus] 19/2/2020 11:52

There is of course the argument that low paid imigrant labour keeps the jobs exactly that...low paid. If companies had to pay a real salary for 40hrs per week the gap between universal credit state support and having a job would be much bigger. True this would put up costs of goods but everyone should be earning more. The tories have always been about opportunity and improving oneself, labour is all about everyone been equal with sweet fa. Dont get me wrong our current capitalist model is too slewed to the few and that includes a lot of us "gammons" on this board. Take hsbc this week... they only made 10b profit... they obviously have to kull 35k jobs etc... to reward their share holders. I have no idea how brexit and boris will pan out but Ì feel he is a better option than corbyn and his brand of labour... which persists.. and the cronyism of the eu...which is looking worse every day.

[xxxxxy] 19/2/2020 11:49

Coronavirus considerationshtTps://www.ft.com/content/473b1eeb-72a9-3da4-96bf-3f2e7e1e7b23

[minerve 2] 19/2/2020 11:48

Die old man. Your time is up.

[minerve 2] 19/2/2020 11:48

"why do so many rich foreigner pay fortunes to get their kids a UK education."

So you are happy to give foreigners the opportunity to educate themselves here but you make it increasingly more difficult for our own youth to educate themselves in other countries.

Hypocrisy rules eh Jacko.

You were obviously a loser at school or you wouldn't have entered the car trade. The car trade is generally full of losers I have noticed. They are generally not the brightest buttons in the box.

[bookbroker] 19/2/2020 11:46

Let’s hope it keeps rising, get those interest rates back up, way too low, and it is damaging the economy!

[xxxxxy] 19/2/2020 11:40

John Redwood'The EU want access to the UK, their Treasure Island. We import so much more than we export to them. The question is what are they offering us to get better access for their goods than WTO terms?'

[xxxxxy] 19/2/2020 11:39

John Redwood@johnredwoodThe UK must stay firm with EU. Time for them to shift position and come to us.

[scruff1] 19/2/2020 11:26

Inflation rises to 6 month high

[maxk] 19/2/2020 11:26

Written proof is difficult to present Min, you have to see it in action.



"Yesterday, upon the stair,

I met a man who wasn't there!

He wasn't there again today,

Oh how I wish he'd go away!

[jordaggy] 19/2/2020 11:21

I think we'll get a kicking (pun) tomorrow too, regardless of results. I'm going to place a cheeky buy order for 52p.

[jacko07] 19/2/2020 11:14

Minnie,,FFS give us a break. Plenty of well educated Brits, why do so many rich foreigner pay fortunes to get their kids a UK education.

Fact is cream rises to the top, both you and your thick sprog are losers.

Keep whining and making excuses for your lack of fortitude, poor old Minnie and his daughter, life is passing them by. Boo hoo, they can't muster up enough spirit to lift them out of poverty!

[jacko07] 19/2/2020 11:14

Minnie,,FFS give us a break. Plenty of well educated Brits, why do so many rich foreigner pay fortunes to get their kids a UK education.

Fact is cream rises to the top, both you and your thick sprog are losers.

Keep whining and making excuses for your lack of fortitude, poor old Minnie and his daughter, life is passing them by. Boo hoo, they can't muster up enough spirit to lift them out of poverty!

[kickingking] 19/2/2020 11:13

I think the market is anticipating bad figures. Now the subject is going to be, just how bad. I think tomorrow will be a down day. PPI over and next thing to blow up in a few years will be all these people buying cars on credit. ( the same people crying about that they weren't warned that they be paying so much over asking price and not own car). Cheap credit will destroy everyone in the end.

[minerve 2] 19/2/2020 11:10

maxk

FACTS!

Give me the facts!

Where do yo think 'Minerve' comes from?

It is French little boy gammon. I know a little about France but I don't live by anecdotes.

[minerve 2] 19/2/2020 11:09

So we’re determined to give all our best paying jobs to people from anywhere, but we want to keep all the low paid jobs for ourselves?

By squeezing the aspirational middle, this will help perpetuate the unholy political alliance between the rich and the uneducated poor.

Gammons cannot see this. Too much for their little brains.

[crossing_the_rubicon] 19/2/2020 11:08

"The next two weeks are critical - CoronaVirus pandemic"

Breakdown:

30% deaths in 60's,
30% in 70's,
20% in 80's
20% under 60.

Men & women equally represented amongst confirmed cases, deaths 64% men.

Kids spared.

NYTimes
Covid-19 20x deadlier than FLU. (22mins 50 secs in)

R0 was over 3, maybe as high as 6.7

[minerve 2] 19/2/2020 11:07

I'm not sure "the brightest and the best" will be attracted to the xenophobic Britain that we seem to be encouraging.