Lloyds Banking Share Discussion Threads

[minerve 2] 13/4/2020 12:32

"The vulnerable have only themselves to blame if they put themselves at risk, so should stay indoors as much as they can."

Some of the vulnerable live with other family members and some may even need to work. To suggest they ONLY HAVE THEMSELVES TO BLAME is an ignorant comment.

Many old/vulnerable people still have to shop for food.

We should rename this thread CLOUD CUCKOO LAND. LOL

[utrickytrees] 13/4/2020 12:29

The government have thrown the kitchen sink at covid, its policy for the capital was rolled out to the rest of the UK...time for a rethink.

[xxxxxy] 13/4/2020 12:29

Lockdown. Causes deaths too....'Fears for cancer care as up to 2,000 referrals are missed every weekReferrals under the two-week wait system have fallen by up to 70 per cent in the last month,'Daily Telegraph

[maxidi] 13/4/2020 12:25

Redwood has a point though.
The vulnerable have only themselves to blame if they put themselves at risk, so should stay indoors as much as they can.

The schools and workers should have a choice to return with care, as we know a large percentage won't even know if they have had the bug!

The economy really is important for all our futures.

[xxxxxy] 13/4/2020 12:24

CaterpillarPosted April 13, 2020 at 7:33 am | PermalinkDear Govt,1. Please recall that flat lining of GDP per capita following the financial crisis led to a flat lining of life expectancy in the U.K. This equates to very many (1 to 3 orders of maagnitude depending on assumptions) more life years than the lockdown is supposedly saving from CV19, even the initial hysterical ones. The longer the lockdown is in place the more life years it is likely to cost. You must recognise that this is a lives vs lives decision and not a lives vs economy decision.2. Stop keeping the country in the dark; publish the Porton Down antibody test data and update daily.Reply?Roy GraingerPosted April 13, 2020 at 9:00 am | PermalinkThose telling us that austerity caused 130,000 deaths are now telling us that economic damage resulting from the lockdown won't cause any. Odd.

[xxxxxy] 13/4/2020 12:18

Frank McGarryPosted April 13, 2020 at 9:44 am | PermalinkI agree with you John. I also agree with the German Prof Kekule as interviewed by the Telegraph on Sunday. Keep the elderley and vulnerable in lockdown but get the kids back to school and most workers back to work. Continue with "smart distancing".

[minerve 2] 13/4/2020 12:16

I hope private landlords get ripped to shreds in a falling house price market. Financial pain will be healthy for them.

[minerve 2] 13/4/2020 11:56

Yet another way in which the lockdown is disproportionately hurting the young. Can’t the government declare that house building is essential work? Or maybe they just don’t care about the housing crisis, only about the pensioners who vote for them. - FT comment

[utrickytrees] 13/4/2020 11:54

I dont mind Redwood, but I think he exposes himself with this daily blog. Instrumental in keeping Brexit on the agenda.

[ny boy] 13/4/2020 11:35

US banks reporting, should give guidance here

[minerve 2] 13/4/2020 11:33

I've spent the last three weeks studying Buffett from a few books from my library.

[minerve 2] 13/4/2020 11:32

Pierre

If Cheshire (and other landlords here) had kids of their own and was a decade younger he would understand what you say about BTL.

[minerve 2] 13/4/2020 11:29

cheshire

I hope you realise some people haven't got gardens and some have probably spent the last couple of weeks seeking other employment since they were made redundant rather than just prating about in the garden.

I hope it is not another case of 'I'm alright Jack' from you.

PS. Redwood is a numpty.

[mr.elbee] 13/4/2020 10:22

stock market is now going up..

so lockdowns can be lifted.

[cheshire pete] 13/4/2020 10:05

Sir John Redwood is a very smart man imho.

Whatever the Government decides for lifting the lockdown, for those who are not compelled to re-integrate they may continue with lockdown perhaps on a selective basis according to their perceptions of risk, until that is someone comes up with a reliable test that says you've already had it.
Enforcement of lockdown was on a 'softly softly' largely goodwill basis, similarly no-one is going to be able to force the risk averse to lift lockdown. We've actually quite enjoyed the lockdown so far...caught up with many jobs that had been left and the garden hasn't looked as good in ages.

[maxk] 13/4/2020 09:57

Redwood tends to do common sense.


Unusual.

[careful] 13/4/2020 09:34

Why are Redwoods opinions posted on this thread?
He is not in the government and has no part of policy making.
His is just another opinion, and we are suffering from an overload of those.

Amazed he has such a loyal fan.

[poikka] 13/4/2020 09:22

"China on Sunday reported 108 new cases, its highest number in weeks - almost all were imported"

China's playing games, as usual, and as usual they're not to be trusted.

[utrickytrees] 13/4/2020 08:30

Sounds like Redwoods been leaked a copy of Sunaks computer modeling & is filling his boots. Fk me hes changed his tune since yesterday thus bloke is a political butterfly!

[careful] 13/4/2020 08:29

Trying to work out investment strategy going forward.

First we have to worry about the long term effects of the virus.
Then there is the probability of a hard Brexit that so many industrialists fear.
EU.is a shambles right now, Italians want Germany to bale them out by 'pooling' debt.
Laughable, and China, America and everywhere else is in decline.

What to do?

Maybe the markets have much further to fall.
We have had it too easy for too long.

[xxxxxy] 13/4/2020 08:14

Policy going forward.Made in the UK. First.Not Made in China.Not Made in the EUSSR.NO Deal.Secure farm agriculture fisheries produce from UK First.No Deal

[xxxxxy] 13/4/2020 08:11

Chris Hall13 Apr 2020 7:54AM@Eu Remoaner Why are they including people who died with COVID-19 in with the numbers who died from COVID-19?In my view this is to massively inflate the numbers to keep up the fear factor.  The government has dug itself into a huge hole and can't find a way out, all the while the economy that pays for the NHS will be trashed for at least a decade.

[xxxxxy] 13/4/2020 07:49

Briefly. Lift restrictions. Serious warning and education to those at real risk eg immunosuppressant treatments. Rest get on with living. Rather than being living dead.

[xxxxxy] 13/4/2020 07:47

Time to review the lock downBy JOHNREDWOOD | Published: APRIL 13, 2020I am sending this letter to Cabinet members.Dear ColleagueIt is time to review the lock down policy.You will wish to have as your highest priority taking actions to reduce deaths from this disease. The evidence is abundant that the most at risk groups are the elderly and those with other medical conditions that makes them especially vulnerable to the severe form of the infection.Policy should make it as easy as possible for all in the at risk groups to self isolate, to prevent infection Efforts need to be redoubled to ensure on line deliveries of food and other items to these households, and proper financial support for those in vulnerable categories who have lost jobs or income over it.Your review takes place against the background of the good news that NHS capacity has been much increased and is well above current high levels of demand for care from CV 19 patients.You  need to take urgent action to save the economy. None of us have ever witnessed such a sharp contraction in economic activity, with an all too rapid surge in unemployment. There will also be far too many business failures if this carries on for much longer.  You need to make sure this is the shortest lived downturn as well as the deepest.This means a new policy of trying to get as many people and businesses as possible back to work, with sensible modifications to working arrangements to reduce risk of infection.  It should be assumed that most businesses re open, with more home working and more remote technology use.  Offices may want to have more people working from home to allow more space for each employee in the office. More business meetings should take place with remote technology even where people are in the same offices. Factories tend to use large amounts of machinery already, reducing the numbers of employees on line and usually allowing social distancing. Where they do not they may need additional automation. You could consider asking people to wear face masks when working with others.It is urgent to start lifting restrictions. Many more people will lose their jobs if the lock down continues. Many self employed have no income from work. Many small businesses are struggling to pay their overheads with no revenue. There are limits to how much the state can substitute for the loss of income. If we go on like  this large amounts of economic capacity will be permanently lost. An advanced society needs substantial amounts of work to be undertaken so we have the output of goods and services which sustains living standards. It is time to start to get the UK back to work, whilst protecting the vulnerable and reducing the risks of catching the disease for the rest of us in sensible ways.