Lloyds Banking Share Discussion Threads

[utrickytrees] 25/4/2020 08:53

Interesting post Buywell, I'm not sure there will be an over run of housing. Firstly death rates aren't actually up, Secondly housebuilders are under no obligation to continue building at the rates pre China flu, they will simply cut back builds to the take up rate.
During the last crash government paid mortgage interest after 16 weeks to curtail foreclosures.
I agree, city centre apartment living might not seem as attractive. My local council had some ambitions plans to regenerate its self with city centre living, cant see that happening now.

[xxxxxy] 25/4/2020 08:52

Well done Dominic CummingsBy JOHNREDWOOD | Published: APRIL 25, 2020I am pleased senior advisers go to hear the scientific advice at SAGE meetings and ask questions about it. Good policy advisers listen to specialist advice in order to use the wise bits of it in policy.

[mikemichael2] 25/4/2020 08:43

We will get a dog, but right now there is nothing there!!! Contacted 4 rescue centres and they have nothing. Pups for sale are gone in seconds even with the restrictions in force. Will just keep looking and trying.....But we will get one.
=============

beautiful jack Russell girls 2
Beautiful Jack Russell Girls

For sale due to no fault of their own, we have 2 beautiful jack Russell girls, both are chocolate and tan. 1 is dark chocolate and 1 is light chocolate. Both girls are excellent with children and other dogs. They have a very good nature and are very loving. Very sad sale due to relationship.
Sale | Dogs | Jack Russell | Shildon
£1,500
=============

Extortion!!!

[xxxxxy] 25/4/2020 07:52

Making the decision to relax some controlsBy JOHNREDWOOD | Published: APRIL 25, 2020Everyone agrees it is a big call. Most agree it has to be made by the Cabinet, preferably with the PM present and guiding.Some say it should be left to the scientists. They have given us some criteria to do with death rates, cases in hospital rates, and capacity of the NHS. They think we should not lift any controls until these figures show a decent decline in deaths as well as in new serious cases, and plenty of surplus NHS capacity. They also often add they wish to see a capacity to test on a large scale, to resume the original policy of test and trace as the controls are relaxed.If we leave it to the current scientists closely advising the government it appears we will be locked down in whole or part for a long time. They do not wish to take risks with the virus and do not  have to weigh the dangers of not lifting on everything else. The easiest call for a scientist with the sole preoccupation of reducing the virus spread is to keep as many people at home as possible for as long as possible, pending development of a vaccination.Most think it should be a decision made by the government with a heavy emphasis on the scientific advice. The Cabinet also has to weigh up the enormous economic damage being done by the current dislocation of around half the economy.  It should be made with suitable critical examination of the science and the figures.The Cabinet should insist on the death figures in hospitals being attributed to the correct days. There does seem to have been some attempt to improve  the figures, as they are often reported with deaths from varying days reported together on a particular day. They also need to be checked for double counting, given the different points at which deaths seem to be reported.  A death should not be both reported near the time of occurrence at hospital and again when it is registered.If deaths outside hospital are going to be considered it does need to be taken into account that many death certificates were made out by doctors who did  not have a test result for Covid 19 and who may not have been  much engaged with the patient in their final weeks. There seems to have been a growing awareness of the need to put possible Covid 19 onto death certificates as the pandemic mounted.The Cabinet also needs to review the models which aim to predict the path of virus cases on varying assumptions. It will find that there is professional disagreement amongst epidemiologists, and quite a wide range of forecasts of outcomes.There are some who think the Cabinet needs to put more weight than so far on the impact the current policy is having on everyone else. They argue that we have to recognise there is no vaccine nor cure for the time being, but mercifully there are many groups  who are unlikely to get a serious  version of the disease. They favour getting on with relaxing controls.I have never thought there is a hard choice, health or the economy. Government has to promote the better health of the greatest number, and the economic wellbeing of the many at the same time. The decision should revolve around the conditions to be imposed on people and businesses to allow them to resume more of their normal life, whilst taking precautions  to continue to limit the spread of the disease.

[utrickytrees] 25/4/2020 05:14

The SNP are a bit like an aggressive dog on a short leash. The Scots like nothing more than posturing with a dangerous dog in local and national elections but when the referendum comes around they want to hand ot back to the RSPCA lol.

[buywell3] 25/4/2020 00:27

buywells thoughts run thus

1. Banks giving mortgage holiday is propping up the market

2. Banks are getting no monies coming through their mortgage doors whilst this holiday lasts and they add risk by extending holidays as property valuations fall and worry sets in ie Risk plus more Risk

3. People are trying to get out of completing , looks like legal monies for the beagles especially re off plan purchases , deposits PLUS losses on the agreed purchase price seem the order of the day.

4. Banks are lifting deposits required , 40% has been mentioned so some mitigation to alleviate earlier Risks then BUT IMO 40% will only protect them from present purchases that are drying up NOT from previous mortgages over the last few years.

5. IF the property market goes into meltdown then Banks will suffer , plus all those who own houses or have positive equitiy in their brick or concrete or wood/platic pile. So around 65% of the population say. Quite serious then for boris and co hence Gove comments buywell would suggest , even he can see what is coming down the road or perhaps more likely the new COE has briefed him.

6. As we all know the property market is all about supply V demand
buywell can see supply going through the roof when Covid-19 is finally defeated if indeed it is , say minimum 9 months for a vaccine to be made and issued to joe public. During this time most people will have used up their savings , the government in their infinite wisdom allowed folks to tap their SIPP or pension plans years ago many used the cash to help family buy a brick pile or to buy a second holiday home themselves. So property ownership has grown and a bubble made worse.

7. Why will supply rocket ?
a) Because people will want or have to sell their property is why due to

b) Debt , no savings , no job .

c) Banks stop the mortgage holiday in another 3 months because they can see that they are going to have to foreclose on TOO MANY properties in TOO SHORT a time and thus crash the market themselves by so doing.

d) Deaths , many people dying from Covid-19 are homeowners, some elderly by themselves . Many will beneficiaries will sell as they need the cash.

c) Divorces , Covid-19 cabin fever , divorce rates will rocket IMO by over 50% and houses get sold to split the proceeds 60% to the lady 40% to the guy

8. This is a good one and one I don't think has been discussed much in the press
yet.

After Covid-19 would you bet that we won't see a Covid-20 in the next 5 years to follow ?

buywell wouldn't

Where have all the Covid-19 deaths occurred for the most part ?

In densely populated environments like cruise ships , blocks of flats , and CITIES

So expect to see a mass migration of the more clued up selling their London or Liverpool , their Birmingham or Leeds , their Manchester , Glasgow, Newcastle etc etc pad to escape to the country.


This is why the COE wants to up the stamp duty tax on foreign buyers to 10% plus

The English taxpayer needs every penny as total government spend to sort out a new NHS, support ailing FTSE 100 companies , pay laid off workers , and all the other government spends like the HS2 etc are going to run to over 1 Trillion pounds in this Government and 2 Trillion pounds over the next 8 years as of now.

The NHS alone needs 500 Billion to sort out to make it fit to fight off another pandemic properly

Otherwise this whole sorry mess could repeat again , a global catastrophe is now IMO a real possibility

The NHS comes first now , number one spend priority
40,000 existing nursing vacancies currently RN grade
Only 4,150 ICU beds and 10,000 old ventilators ( just ordered circa 30,000 more)
Estimated 250,000 extra NHS staff needed by 2030
New Hospitals with separate ICU units to avoid contagion
New Equipment and procedures with new well trained staff.

boris needs to cancel HS2 , forget a new London Airport and start laying out his plans for a NHS total rebuild.

IMO dyor


PS

%age drop in property values = directly proportional to the number and length of lockdowns

10% min for this first one
25% min if we get another
40% min if we get a third

[geckotheglorious] 24/4/2020 22:09

Mike,
Go German!
Can beat them.

GSD
Dobs
Rottie.

In that order.
Latter too slobbery for my liking tbh.

[sentimentrules] 24/4/2020 21:29

In 4 or 5 weeks, America lost all the jobs created 2009 to 2020?

[sentimentrules] 24/4/2020 21:28

Great depression or prolonged deep recession?

[patientcapital] 24/4/2020 21:24

"Coronavirus hasn't just stopped any reasonable chance of Scottish independence; it's made its very discussion utterly irrelevant. Downing Street has all but nationalised work with an 80 per cent subsidy of workers' wages to get through the crisis. It's impossible to compare austerity or the financial bailouts with the social and economic transformation to come." - The Scotsman

[sentimentrules] 24/4/2020 21:21

Has anyone here had da virus? I think i have symptoms

[utrickytrees] 24/4/2020 21:20

Introspective, vulnerable.

[utrickytrees] 24/4/2020 21:18

Retrospective victims

[utrickytrees] 24/4/2020 21:14

Overly sensitive, glass half empty mentality.

[utrickytrees] 24/4/2020 21:12

Very sensitive.

[utrickytrees] 24/4/2020 21:11

They'll always do a favour but never take an order....thick as fk, they have no place in an ordered society! Scotlands like the wild west.

[maxk] 24/4/2020 21:06

I dont find it hard to get bob.

Only what the getting actually gets you.


Jocks leave blighty, only to jump into bed with the €uro's.

Talk about out of the frying pan. And at what cost?