Lloyds Banking Share Discussion Threads

[minerve 2] 28/3/2020 14:33

“The reason the Ford Model-T was black,” says Babson, “was because it was the only paint that would dry fast enough to keep pace with the production process.”

Mass production needed workers, and lots of them. They came from all over the globe.

Many of them arrived from Britain, via Canada. But as early as 1907 the Detroit Board of Commerce asked the immigrant reception centre at Ellis Island in New York harbour to direct skilled workers to the city - immigrants from Italy, Poland and elsewhere in Eastern Europe.

[alphorn] 28/3/2020 14:32

Poika - good link. Thx.

[utrickytrees] 28/3/2020 14:26

hxxps://www.hsj.co.uk/news/coronavirus-deaths-mapped-13-trusts-see-50-per-cent-of-fatalities/7027177.article

Be interesting to see updated figures by trust.

[minerve 2] 28/3/2020 14:17

A paragraph from the BBC article about Detroit’s railway station.

“ Michigan Central was once one of the grandest railway stations in the United States - the gateway to a fabulously wealthy city, dominated by the auto industry.

Thousands of workers passed through the building in search of new lives - immigrants from Europe and the Middle East along with black workers, part of the “great migration” northwards, from the prejudice and poverty of the agricultural South.”

I wonder what dent on Motor City would have occurred had Brexiters been running the show there?

[poikka] 28/3/2020 12:25

max, and anyone else who can be bothered to spare LESS THAN 1 MINUTE to understand the massive difference that social distancing can make in the fight against the virus, this explains it very clearly:

[alphorn] 28/3/2020 11:39

#358. What a mixed up post comparing the dividend flows from a self employed individual's company to Lloyds.

[minerve 2] 28/3/2020 11:38

"There are self-employed people who run their own small companies and paid themselves in dividends. Where they do not have other material accessible assets and are clearly living on the income from their self employment, they too should be able to claim assistance."

Maybe they should have saved for a rainy day instead of have a plethora of holidays, new cars, kitchens, wardrobes, phones etc.. etc..

Most charge enough and the planes are full of them going to the US during summers. They are no better then Branson - most of them anyway - in my opinion.

Should have saved for a rainy day or not spent beyond their means.

[stonedyou] 28/3/2020 11:37

Funeral directors stockpiling coffins




Coffin manufacturers may "have a very quiet summer" after meeting demand at the early stages of the coronavirus pandemic, a trade leader has said.

Alun Tucker, the chief executive of the Funeral Furniture Makers Association (FFMA) which represents the majority of coffin manufacturers, said the industry was currently meeting higher demand from funeral directors.

He told the PA news agency: "They all have good supplies of stocks and with staff working extra hours and overtime, we're confident that we will meet the requirements as time goes by.

"There is a delay while they increase manufacturing but coffin manufacturers are meeting the requirements at the present time. No one's panicking at the moment."

However, Mr Tucker stressed that while coffin orders had gone up and some stockpiling had been seen, it is not known if the increase in coffins will be matched by the number of deaths.

[stonedyou] 28/3/2020 11:27

Britain may see just 5,700 deaths from coronavirus - far fewer than originally predicted - new modelling from Imperial College scientists shows.

Experts advising the Government said its social distancing strategy looks to be working, steering the country away from the 250,000 death toll once predicted by earlier modelling.

Earlier this month, Mr Johnson and his coronavirus response team was presented with research that suggested a death toll of 20,000 would indicate the success of their strategy.

Now, it is thought the daily toll of deaths may not exceed 250, keeping the total below 6,000.

"Our work shows that social distancing is working against Covid-19 as an effective parachute across multiple countries," Prof Tom Pike of Imperial College London told The Times.

"That's no reason for us to cut away our parachutes when we're still way above the ground."

[careful] 28/3/2020 11:24

if people start to appreciate the benefit of having cash savings and lose appetite for debt and spending there will be a huge collapse in demand.

[maxk] 28/3/2020 11:22

You too Alp.

[minerve 2] 28/3/2020 11:12

CorpBull

Good morning Dominic, haven't seen you here for a while!

ROFLMAO!

[utrickytrees] 28/3/2020 11:11

The EU released its latest trade information for the year 2019. The results show just how utterly dependent the EU is on the UK market.
EU's latest trade figures show UK as its second-biggest customer, just behind USA. In 2019 we bought 60% more than the EU's third largest customer, China.

The EU's top five export markets in 2019 (published by the EU jobs for the boys)
* Brits bought over 1 in 7 of the products exported by the EU27 in 2019.
* The UK was the second-largest market for EU products last year, after the USA.
* We bought 83 billion euro more than the EU's 4th and 5th biggest customers COMBINED.
* The UK bought 318.1 billion euro of products from the EU27 in 2019.
* The EU27 surplus was a staggering 124.4 billion euro. (a staggering 111 billion pounds surplus for the EU27 in 2019).

As the EU Commision attempts to airbrush the UK out of the picture, it no longer will publish reports showing the UK existed as a member. A desperate and confused EU27 has resorted to airbrush history.

All the world can now see that the UK is the EU27 second-largest market and in the blink of an eye this could/will change for the benefit of the UK's citizens and not for the benefit of the EU jobs for the boys (EU've been found )

The United Kingdom is a vibrant, outward-looking, trading nation with truly fabulous history. We hold ALL the ace cards as OUR business is vital the the EU jobs for the boys club. :):)

[maxk] 28/3/2020 11:11

Alp. Have you had an irony bypass?

[guss] 28/3/2020 10:58

I wonder how many of the self employed will be suing their accountants for massaging their profits down to zero over the last three years? Legalised theft. Will the tax system change now?

[alphorn] 28/3/2020 10:54

The spread in the ski resorts is an example as to how this virus is very contagious. People in very close proximity, breathing heavily after exercise and the cold air carrying the aerosols for all to see.
We need to see some clear evidence of infections peaking.


edit: the interesting outlier is Sweden which still has bars and restaurants open and no lockdown.

[alphorn] 28/3/2020 10:49

"we made a real mistake when we voted out"

Taken you a longtime to realise that max.

The position pack to start negotiations has not even been prepared by the UK and now 2 months overdue. A shambles and this part, self inflicted.

In the meantime, stay safe.

[maxk] 28/3/2020 10:39

Poikka

If that guardian piece is in any way accurate, it's all for nowt, they cant stop it.

[optomistic] 28/3/2020 10:28

No divi from Lloyds would lead me into spending less and watching the coffers more carefully...it goes to making my OAP enough to live on. Without the divi things would be very tight here :-/

[dr biotech] 28/3/2020 10:26

First lot of QE didn’t lead to inflation. There is no chance of us ever paying that back, and since the debt is owned by us there seems little point in doing so.

What the US is doing in giving every family $1500 may be more inflationary but in the current climate demand is very low.

I think my outgoings this week have been about £75. Typically my monthly credit card bill is about 2500, people will be saving huge amounts.

[alphorn] 28/3/2020 10:18

'banks continue to fund households'

So do dividends - either directly or indirectly (eg pension funds).

[poikka] 28/3/2020 10:17

That's not to say that a year or so down the road we won't get some inflation. I do recall paying some 10%+ interest on my mortgage.

At least we have the Chancellor, Governor of the BoE and PM working together this time.