Lloyds Banking Share Discussion Threads

[xxxxxy] 04/3/2020 07:59

British fish for the British People.Mo Deal

[xxxxxy] 04/3/2020 07:58

Boost the economy nowBy JOHNREDWOOD | Published: MARCH 4, 2020Other countries have been doing what I have advised the UK authorities to do. We are now witnessing a rash of policy announcements by Central Banks and governments around the world to boost their economies . They want to arrest the global slowdown and prevent a global recession. The UK as the world's fifth largest economy needs to help them.Australia, the USA, China, Turkey, Russia, Brazil and others have cut interest rates recently.The USA, China, Japan and Euro area Central Banks have all put more money into markets. The Fed has bought T Bills, the ECB government bonds, the Japanese both bonds and shares.China has relaxed lending restrictions and offered cheap finance for distressed companies losing revenues from the virus effects. Hong Kong has given HK$10,000 to every adult.We can argue about the wisdom of individual measures, but they are right to be trying to generate more activity and see business through a difficult time. In this environment boosting demand and ensuring liquidity is probably better than cutting rates.So what should the UK do?The Treasury should lift its tax attack on small business contractors, by cancelling IR35It should abolish VAT on green products and domestic fuel to cut the costs of livingIt should cut Stamp duties and VED to promote more home and car salesIt should offer all small businesses a 3 month holiday from Business rates as some will suffer cashflow problems from virus disruption.Cut Income tax to give all employees a pay boost.The Bank of England should ensure a plentiful supply of liquidity to markets. It should facilitate lending to companies with temporary liquidity problems brought on by virus disruptions to sales or supplies who have a decent future business model.

[m4rtinu] 04/3/2020 07:56

Official total PPI payments made . Latest month for which data: Oct.

Definitely not tailing off yet! Obv we have had Lloyds own data to Dec last.

[bookbroker] 04/3/2020 05:33

6953 - Bit of a generalisation, your list of examples covers every global bank over probably the last fifty years, they are regulated and pay the penalty for misappropriate actions, what would do in a world without banks, and we went back to a system of bartering with personal assets, we being the custodian of our own destiny, in a capitalist society it is inevitable that some actions are unacceptable, and the fines have reflected that. But for the masses try buying a house without a mortgage, not easy, and on the subject of house builders, perhaps you think that they represent good value, personally I think they offer poorly constructed properties at inflated values, but then that is the market rate. My real point is interest rates are too low, as a saver and investor I think it is disgusting that for prudence and discipline the returns are derisory, but I also believe that low interest rates do nothing for the solvency of a nation, it’s banks, and its citizens. Encourages risk, and the stock market is a virtuous circle, that is evident now!

[mitchy] 04/3/2020 04:59

Barnier hints at compromise on Brexit deal talks. Whatever that means.

[mitchy] 04/3/2020 04:01

Trump is calling for yet another rate cut after DOW drops 800 points. With that hanging over the banks, Covid 19, falling pound ,pending legal actions against lloy and Brexit deal debacle I can't see much upside. Property prices still going up ,a healthy mortgage market and the last of the ppi's it should be a golden time for lloy.

[alphorn] 03/3/2020 22:58

"Cuts in interest rates will do very little to make housing more affordable"

Not true from where I sit. UK housing is in BOGOF territory.

[minerve 2] 03/3/2020 22:52

"This is quite unlikely to occur this time around. Not to put too fine a point on it, from an entirely disinterested economic perspective, the COVID-19 might even prove mildly beneficial in the long term by disproportionately culling elderly dependents."

And there you have it folks. The answer to the problem which exists if you stop/severely limit immigration.

[minerve 2] 03/3/2020 22:33

Meanwhile, health chiefs in the Canary Islands confirmed the sixth person to test positive at the Tenerife hotel hit by coronavirus was a British woman who had been mixing with other guests for more than a week.


Wonderful.

[1carus] 03/3/2020 22:31

There was so much ranting about fishing this morning I thought I would throw out a harpoon to see if there was any takers, all be it on a differnt subject. Funny though, many a true word spoken in jest by the looks of it. At least I hope so.

[countdracula55] 03/3/2020 22:30

Recovering my ass, bank shares are a poor investment....banks are even more corrupt than the government.

[minerve 2] 03/3/2020 22:29

k38

When you want to take lessons from the master investor/trader on ADVFN just let me know.

I can improve your success rate in days.

[k38] 03/3/2020 22:24

LolI don't give lessons nor I give any advice.. if you are happy to lose money from your "imaginary " millions is up to you...not a lot to lose he,he.......;))

[cheshire pete] 03/3/2020 22:22

Could be budget boosts for the housing market, given we have a big Tory majority. Socialists always try and talk down the housing market...even though many of them own property in very desirable areas themselves.

[minerve 2] 03/3/2020 22:22

We'll be OK, we have a PM who wears a urine stained scare wig!

LOL

[maxk] 03/3/2020 22:19

The odd bottle of plonk or two dont hurt either..

[minerve 2] 03/3/2020 22:19

"M2 really ?? Lol... if I was you I would stop investing. Do you make any money from investing so far ?"

I guess now K38, in all his infinite wisdom, is now going to give THE MINERVE a lesson in investing......

Go on, what is it?

LOL

[minerve 2] 03/3/2020 22:15

Pierre

Did you know....

Frequent and even occasional demonic possession leaves your body feeling refreshed and relaxed. The magic comes from an infernal dose of endorphins. No drugs work better. A demon may put your flesh through all manner of agony, but will leave your meat tender and your muscles lax.

It's like a Thai massage.
Better than a bubble bath.

Demons make my insides tickle.

[k38] 03/3/2020 22:13

M2 : "If Lloyds is down 6% tomorrow that is pretty sh*t for you guys...."M2 really ?? Lol... if I was you I would stop investing. Do you make any money from investing so far ?

[k38] 03/3/2020 22:09

Laura's report about the virus at the BBC news at 10 o'clock spreading of panic... no reason to panic the population as virus is under control.

[careful] 03/3/2020 22:08

House prices are due for a correction.
The UK is one of the few advanced countries that has not had a house price correction in recent years.

In part HMG subsidies such as generous housing benefits, help for first time buyers and other measures rig the market.
High immigration also.

Average house prices used to be 3-4 times average salary.
They are more that 7 times.
Affordability is in some ways worse.
House prices no longer rise, wages growth negligible, more that offsetting higher interest rates.

[minerve 2] 03/3/2020 22:06

Jacko is that you?

ROFLMAO!