Lloyds Banking Share Discussion Threads

[daddy warbucks] 10/6/2020 17:33

Boris stop waffling. It is embarrassing. You have two experts next to you and you are muddying the waters with your answers.

[minerve 2] 10/6/2020 17:28

No different from Boris, Mogg and Cummings then.

LOL!

[grahamite2] 10/6/2020 17:23

LOL Mr Blair never had any interest whatever in "the democratic process."

[jl5006] 10/6/2020 17:16

When tony Blair set up select committees i believe he did believe that scrutiny by another body might enhance the democratic process.
Problem is HOC is stuffed with no GCSes on the opposition side and few brainwothy MPs on the Gov side.
PMQs serves no purpose if the leader of the opposition has no cred. Dont laugh ! Short Bailey is EDU shadow - LOL

[jl5006] 10/6/2020 16:58

BBal
Yes that was front page telegragh a while ago.

[bbalanjones] 10/6/2020 16:50

Anybody offering good deals on coffins? Just about ready!! . . . maybe in the second wave!

[grahamite2] 10/6/2020 16:45

"The crisis will cast a long shadow over the world," the OECD added.

On the other hand, the black death, which killed 1/3 to 1/2 the population, produced an economic bonanza for those who were left (not to mention the end of feudalism).

Perhaps we should have just left the virus to do its worst?

[chinese investor] 10/6/2020 16:37

40p Soon !

[bbalanjones] 10/6/2020 16:36

The UK is likely to be the hardest hit by Covid-19 among major economies, the Organisation for Economic Co-operation and Development has warned.

Britain's economy is likely to slump by 11.5% in 2020, slightly outstripping falls in countries such as Germany, France, Spain and Italy, it said.

If there were a second peak in the pandemic, the UK economy could contract by as much as 14%.

"The crisis will cast a long shadow over the world," the OECD added.

It said that in what it called a "single-hit scenario", with no second peak, there could be contractions of 11.4% in France, 11.1% in Spain, 11.3% in Italy and 6.6% in Germany.

[stonedyou] 10/6/2020 16:33

Patrick Minford CBE


Q: How will Brexit affect prices overall?

A: "The moment we leave the EU, and leave the CAP and the customs union, prices fall on Day One by 8% and in the long run after that works its way through the economy. This is the case even though we assume that over the next decade EU protection would have fallen gradually to half its current level. It’s still 8% because it lowers prices in the non-traded sector."

Q: And how will Brexit affect growth?

A: "We’ll get about 2% extra cumulative growth by 2020. In the long term, trade alone brings in another 4%, but of course this requires all the protectionism to be gone and time for things to work through. Then on top of that you get gains from having control of our regulations and you get further gains from controlling unskilled immigration."

"We estimated that the existing regulations brought in by the EU over the last 20-odd years have probably knocked 6% off our GDP. Of course we’ve adjusted to those and brought in some offsetting regulations, things like zero-hour contracts which have offset quite a lot of that EU interference in our labour market."

"Although that was what EU regulation did to us, we think about 2% of that could be rolled back."

Q: So what are the prospects for our manufacturing sector?

A: "I see manufacturing doing what it has done in the past, which is to go up the value-added chain, increasing productivity by going more high-tech. This would essentially preserve many parts of it, and it would take on more of the characteristics of the service sector. The kinds of things service industries do are skilled labour-intensive, not the pure production end of things."

Q: What about the rejuvenation of the British car industry?

A: "When you exert competition on an industry, it reinvents itself, going high-tech, and that’s exactly what cars have done. I always enjoy pointing out that 2/3rds of our car exports go outside the EU. It’s a highly competitive world market."

"Some of manufacturing will further contract but of course it’s already contracted massively, from 35% of employment in 1970, to 8% today, so there’s nothing new about that. I think gradually people have got used to this. Initially it was all shock-horror because politicians are used to paying huge obeisance to the idea of manufacturing and George Osborne was always talking about rebuilding and rebalancing towards manufacturing which was always complete nonsense of course. None of it happened. But there is this great taboo subject amongst politicians as I discovered."

"Now we’re in the business of Brexit they’re beginning to face up to it and see that it’s not as horrible as they thought. It was a bit of a shock to them when all the car manufacturing constituencies voted Leave!"

[bbalanjones] 10/6/2020 16:32

stoneyou: (918) Think interview was way before covid 19 effects were factored in. Now a bit of a pipedream.

[stonedyou] 10/6/2020 16:27

Patrick Minford CBE


Q: How will Brexit affect prices overall?

A: "The moment we leave the EU, and leave the CAP and the customs union, prices fall on Day One by 8% and in the long run after that works its way through the economy. This is the case even though we assume that over the next decade EU protection would have fallen gradually to half its current level. It’s still 8% because it lowers prices in the non-traded sector."

[maxidi] 10/6/2020 16:25

Asian guy tells it like it is.

hxxps://youtu.be/2u2cYA48Lbw

[bbalanjones] 10/6/2020 16:22

stonedyou: Lucky to have mostly kept up with investment ISA limits over the years. Can't avoid Tax on pensions. Even Honourariums get taxed these days.

[bbalanjones] 10/6/2020 16:16

maxidi: Thanks, well used to it now but might have to juggle income for some moves. One I've just looked at would be 280k to buy leasehold plus 21k pa costs.(variable)

[chavitravi2] 10/6/2020 16:15

Wot about 5p a share divi!

[chavitravi2] 10/6/2020 16:13

Is that all!

[k38] 10/6/2020 16:10

Maybe earlier than that.. 54p before Christmas. Next year if all goes well with the economy, 74p to 94p

[xxxxxy] 10/6/2020 16:06

Technology must be front and centre for Britain to prosper post-BrexitThe UK can become the world leader in digital trade – but we must be unashamedly pro-techDaily Telegraph

[maxidi] 10/6/2020 15:59

bbj.

Sorry about the cardio problem but G2 suggests a stairlift which sounds like a good idea. As for the retirement living..... it is expensive but so what it is an easier life and that is what I would do if I had physical problems as there is always someone on hand. Take care.

[gambill] 10/6/2020 15:49

K38 see you in 12 months time mate