Lloyds Banking Share Discussion Threads

[utrickytrees] 11/3/2020 16:21

Is he ok Should we set up a fund raiser on just giving?

[minerve 2] 11/3/2020 16:15

He has met the virus, he is a great guy, he is a good guy, he played a round of golf with him once!

ROFLMAO!

[diku] 11/3/2020 16:10

jacko...wonder if Trump will come out with a Trump card...his speeches started to get longer by the day...talk up the economy...

[xxxxxy] 11/3/2020 16:08

Speculation in anticipation of the Johnson government's first budget is the primary focus of today's media, with the Bank of England already announcing they have slashed interest rates to cope with the impact of coronavirus.BoE cuts interest rates: The Bank of England has cut interest rates ahead of the budget later today. The emergency measures have been taken in order to shore up the economy and protect businesses from the economic impact of coronavirus. The MPC voted unanimously to slash the rate by 50 basis points from 0.75% to 0.25%. Jane Foley, a senior currency strategist at Rabobank, described the action as "on the aggressive side of expectations" and that it "was a bit of a surprise that they went before the budget." The Bank of England say they have been coordinating with the Treasury to deliver the comprehensive package of measures.£5 billion to help British exports: The Chancellor, Rishi Sunak, is preparing to make £5 billion worth of loans available in his budget in order to give UK businesses a boost post-Brexit. UK Export Finance will be given the money in order to increase its lending power to £8 billion. The treasury has said the money will help increase the global sales of UK exporters. "This package – which is the highest level of export lending the Government has ever made available – will provide support to industries and regions across the country." Mr Sunak has also said it will "support business to seize these opportunities and thrive on the world stage."Public spending: In an attempt to reward voters who lent their votes to the Conservatives in December, it is expected that the budget will announce increased investment in the poorer regions of the UK. After a decade of austerity measures, the Johnson government will now look to increase public spending despite the economic crisis the coronavirus is bringing. The Chancellor told the BBC on Sunday "I can say absolutely, categorically the NHS will get whatever resources it needs to get us through this and to respond to the health crisis"; and that companies will be given support, should workers and customers staying at home affect their cash-flow.Sunak's impossible task: Following the resignation of Sajid Javid, it became clear that the Prime Minister wanted a chancellor who isn't afraid to spend when political pressure demands it. Johnson has promised extra funding for many public services as well as investment for many parts of the UK. Guardian Columnist, Rafael Behr, said "It is Sunak's job to deliver this bounty without raising income tax, VAT or national insurance – the Treasury's biggest levers for extra revenue." This impossible task of spending and building but not borrowing or taxing, along with the pressure from coronavirus, will give this government a lot to deal with, but Daniel Finklestein has warned No 11 not to let the virus blow the budget off course.On our site today: Today we have an editorial article on the Huawei 5G Tory revolt in the Commons, described as a 'warning shot' for the Johnson government. We also have an interview with Robert Courts MP, co-Chair of the Free Trade Caucus and a member of the International Trade select committee. He talks about his post-Brexit hopes for free trade and the future role for the UK with the Commonwealth. You can watch the full interview here.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[jacko07] 11/3/2020 16:05

As I have been saying for the last year, the EU have major problems. I didn't think it would be a virus that caused it, but those zero interest rates and money printing are causing mayhem.

Christine Lagarde, President of the European Central Bank, reportedly told EU leaders that the continent is facing a 2008-style crisis if it fails to act.

The White House will reportedly hold an emergency meeting later on today, don't hold your breath.

[corpbull] 11/3/2020 16:04

Are you really? Min2! No wonder we are down this afternoon! Ha Ha!

[k38] 11/3/2020 16:03

M2Have you isolated in to one room yet..

[minerve 2] 11/3/2020 16:01

Eh?

Minerve still here alive and kicking!

[k38] 11/3/2020 15:54

Excellent budget for recovery from virus effects (and Brexit deal) in 5 to 6 months and... all forgotten.

[alphorn] 11/3/2020 15:50

Mid 2021; until then the share price is anyone's guess?

[k38] 11/3/2020 15:50

Between 38 and 32p.

[sikhthetech] 11/3/2020 15:47

LLoy will be ok... the question is at what point will all the potential bad news be factored in the price?

[sikhthetech] 11/3/2020 15:45

4.10 diesel d'allier 33-1

[alphorn] 11/3/2020 15:45

E - not if cost of goods rises! ;)

[sikhthetech] 11/3/2020 15:39

QM Champion Chase.... 1st...
:-)

[toon1966] 11/3/2020 15:39

Why are your thoughts with Minerve?

[diku] 11/3/2020 15:36

CtR...with such sharp moves down wonder if any of the hedge funds or bank traders have been caught off guard and on the wrong side of a trade incurring heavy loses...with Oil and Markets...

[pal44] 11/3/2020 15:33

Thoughts with you Minerve buddy.

[ekuuleus] 11/3/2020 15:31

Alphorn that's what I said. It boost domestic market. Did you miss the 1984 memo?

[diku] 11/3/2020 15:29

And like yesterday what chance after Europe closes the Dow has a free ride back up off the lows...

[scruff1] 11/3/2020 15:26

This is more like the daily chart we all know and love. Morning glory then over to the barm stick posters. Funny how the doomsters love a crisis. Bet they are everyone's favourite arrivals at social gatherings.

[sikhthetech] 11/3/2020 15:25

"Not having any luck at Cheltenham either, I couldn't tip a rocking horse."

2nd in 1st race and winner of 2nd.. Champ came from being 4-5 lengths down to storm home by over 1 length, going clear..
:-)

[chavitravi2] 11/3/2020 15:22

Not having any luck at Cheltenham either, I couldn't tip a rocking horse.