Lloyds Banking Share Discussion Threads

[smartypants] 08/8/2020 08:35

Japan rushes UK to agree first post-Brexit trade deal

Britain under pressure to meet Tokyo’s 6-week timetable, meaning key areas such as agriculture may suffer.

Japan has given the UK just six weeks to strike a post-Brexit deal, putting Boris Johnson’s government under pressure to agree one of the fastest trade negotiations in history — and Britain’s first in more than 40 years.

Time is so short that both sides will need to “limit their ambitions”, warned Hiroshi Matsuura, Tokyo’s chief negotiator, in comments that dash UK hopes of winning deep trade liberalisation from Japan.

While meeting the timetable would hand Mr Johnson an early trade victory, it also highlights the risk of the UK being bounced into bad deals before the Brexit transition expires at the end of the year.

Striking a trade agreement with Japan is one of the main priorities for Liz Truss, the UK’s trade secretary, who hailed the start of talks as a “historic moment” for both countries.
Most comprehensive free trade deals normally take years to agree, but Mr Matsuura said there was almost no time left if Japan was going to ratify a deal this year.

Both sides have agreed to base a deal on the existing EU-Japan agreement — which took effect last year — but the UK has set out further goals, including the “reduction or elimination” of Japanese tariffs on goods and agriculture and “ambitious commitments on market access” for UK services.

However, Mr Matsuura suggested there would be little time for talks on contentious areas such as tariffs and quotas. “The shortage of time means that both sides will have to limit their ambitions,” he said.

His comments raise the risk that the UK will not secure any meaningful quotas to sell agricultural goods such as beef or cheese in the Japanese market. Agriculture was one of the most contentious areas in EU-Japan trade talks.
Instead, one of the UK’s priorities is likely to be rules of origin that let British exporters continue to include European components in products they sell to Japan.

[alphorn] 08/8/2020 08:27

"Declare talks finished and WTO"

Cheshire and others - you repeat this like parrots. You think that WTO is fully functioning? I suggest that you do a little weekend study. You might benefit.

[xxxxxy] 08/8/2020 07:25

Remember BOYCOTT France and French produce. Spread the message please.
Thanks

[xxxxxy] 08/8/2020 07:24

The new Planning system
By JOHNREDWOOD | Published: AUGUST 8, 2020
Let us welcome the idea of a simple map setting out general uses for land in each designated area of a Local Plan. Let us also agree the government needs to cut inward migration and prevent people trafficking.

The government suggests 3 categories on a map. One is Growth, the second is Renewal and the third is Protection. Growth implies more or less any development is fine in principle, though subject to design and density requirements to be set in the Local Plan. Renewal we are told implies rebuild, change of use or some “gentle densification”. Protection implies keeping areas green with little or no building.

Maybe the government should look at three other use categories instead. They could demark land for housing, land for commercial development be it retail or industrial estate, and land for green gaps, farming and outdoor leisure for sports fields and other green spaces. I am all in favour of eroding the current complex uses classes and allowing greater freedom for building owners to flex from retail to homes or to industry. There do need to be special controls on the location of industrial businesses or leisure businesses that create noise or other nuisance, so they do not conflict with housing areas. Adjusting their categories, they could make it clear Growth includes employment sites as well as housing sites, whilst Renewal might like to stay more in keeping with current uses and styles of development.

The big issue to be resolved is the process of forming the Map, and the extent to which local wishes will be fully reflected in the results. The present system is deeply distrusted and disliked for the simple reason that the compromise which is a local Plan is soon broken by appeal decisions, forcing fast growing communities to absorb more housing development than they wanted. In communities that lack growth and investment the same process fails to lift the area to attract the new people and new investment they need to boost living standards and enterprise.

There is enthusiasm for levelling up both in the fast growth areas suffering from too much building, and in the slow and no growth areas desperate for new investment. How will this new system level up? What does it bring to the areas without investment that will drive a better distribution of building around the country? The government needs to make sure this is not just a new variant of systems to increase the pace of housebuilding in areas that are already relatively well off.

[cheshire pete] 07/8/2020 22:56

Awful French allowing it to happen. Our friends? lol. Remainers note. Thank goodness we've left.

[diku] 07/8/2020 22:39

Heard in the news earlier migrants are still coming...and the Dover MP wants them to be deported straight back to where they came from...agree...

[diku] 07/8/2020 22:35

Maybe the French are directing those migrants to the UK...less burden for them...






Former Border Force officer Chris Hobbs said many of his old colleagues believe authorities on the continent are not stepping up to the plate.

"There is zero enthusiasm amongst front line French uniform police… their view appears to be if some wish to travel to the 'end of the line,' namely the UK, why should they be stopped?" he said."

So there we have it, never trust the French - it's something history has taught us time and time again.

[cheshire pete] 07/8/2020 22:30

Withdrawal Agreement is the remainers charter. While it exists we haven't really left the EU. Barnier playing on it and we're allowing it to continue and fester.

Declare talks finished and WTO.

[cheshire pete] 07/8/2020 22:18

Dopey 007: "Back to LLOY. Do we expect dividend to be reinstated at the same levels as previously when they do? If so over 11% yield if bought today"

Difficult to be optimistic Dopey given the record of PPI payments and provision for impairments on the likes of car loans. Message given out is shareholders should take the pain by foregoing dividends. If we don't like it then tough.

Have only a token stake in LLOY. Much better opportunities elsewhere imho.

[patientcapital] 07/8/2020 21:56

It's appreciated a little.

[maxk] 07/8/2020 21:00

We all know what needs to be done.

However the government seems to be incapable of carrying out the simplest of tasks.


We are still in the €U, even though the deadline has long passed.

Remember the "dead in a ditch" quote?


Why is Doris still prime minister, why hasnt his body been found?

[utrickytrees] 07/8/2020 20:43

Fire them back out of a big cannon.

[alphorn] 07/8/2020 20:28

"Have you looked at the value of your net-worth on the world stage"

M2 - posters here will have no idea what you are talking about - they are almost all Harold Wilson thinkers. Just wait for the blames that will surely appear. Wrong type of leaves by the ton.

[xxxxxy] 07/8/2020 20:13

And Boycott France and French produce.

[poikka] 07/8/2020 19:54

Frustrating, but..

"In January last year, the UK government agreed to pay for security and surveillance on the French side to stop people making the perilous journey.

In October, beach patrols and intelligence sharing were stepped up to try and disrupt the ruthless smuggling gangs behind many of the crossings.

Then last month, a new Franco-British "joint intelligence cell" was formed with both countries agreeing that boats in the Channel should be returned to France rather than the UK.

It's perhaps ironic, given promises to "take back control" of borders, that any success the UK might have in stopping migrants arriving here depends largely on the willingness of France to play ball.

Put bluntly, if France doesn't stop the boats leaving, there is only so much Britain can do to send them back.

Former Border Force officer Chris Hobbs said many of his old colleagues believe authorities on the continent are not stepping up to the plate.

"There is zero enthusiasm amongst front line French uniform police… their view appears to be if some wish to travel to the 'end of the line,' namely the UK, why should they be stopped?" he said."

So there we have it, never trust the French - it's something history has taught us time and time again.

[jl5006] 07/8/2020 19:11

I sympathise MS
Cancer is not a disease - neither is C 19 - but a deterioration of body functioning organs. There is no cure - merely prolongation of life via drugs.
Phps there has to be an acceptance that the NHS is not a means to extend life - at great cost - for those that did not have the immune system to combat - or just failure to manage their life via exercise etc.

[jl5006] 07/8/2020 19:05

If the incidence of death FROM C 19 is small - can PHE etc explain that they had no clue - yet should have and still dont - yet force BJ to pronounce.
Why has ferguson raised his ugly head again - Tower for him BJ
Just suppose - no module -just thought - better than any computer - that 500k ppl died from C 19 - not true of course - and the end product thanks to the media - is a totally fxxked economy.- 60 million
And the sheisters still refuse to let up
Of course hated R4 and Sky cant stop peddling this.
They have no idea how they have screwed the simple minded.

[xxxxxy] 07/8/2020 17:38

Matthew Smith6 Aug 2020 8:20PM@Green Fly @M Bilewyczits easy to label everyone as an 'arm-chair critic' but when you see people aged 31 die of cancer because their treatment was halted, and you see people slightly older, 46, have a heart attack from stress as business goes down the pan, and you see people at 83 being labelled as a covid death despite not having a covid test, you begin to question the sanity of the actions being taken.450 people die every day of every year from cancer (165k per year)an estimated 20k additional cancer deaths are already expected this year as a direct result of lockdown46k died "with" covid (we don't know how many died of heart attacks but "with covid" because it wasn't recorded).We have spent almost 1/4 of 1 entire year of GDP "fighting" a disease which kills people at the very end of their lives, average age 82.  This disease is simply not deadly enough to warrant the continued measures being taken.That is the problem with it.  Not in March - now.  I can forgive the panic reaction in March - but now, with all that we know - both about this virus and the destruction upon our economy (and therefore, our children's lives) - time for the leadership to admit that it isn't so awful and time for us to get on with our lives as they were before.I am sorry for those who have lost loved ones (including me) but it is time that we accept that death happens - and get on with whatever we have left of our lives.

[minerve 2] 07/8/2020 17:30

"Miss Widdecombe"

Tells you all you need to know.

I wonder why?

[xxxxxy] 07/8/2020 16:38

Check this out: The Lloyds share price is dirt-cheap! This is what I'd do nowhttps://uk.finance.yahoo.com/news/lloyds-share-price-dirt-cheap-150303957.html... Yahoo Finance

[chavitravi2] 07/8/2020 16:10

Yep, I remember there was a problem with potatoes for a short will and government
subsidised them but a packet of crisps price went right up and never came down a few weeks after when normality returned. Same with a lot of things, quick to go up but slow to come down or never come down. The point is it sets off a chain reaction of price rises and pay rises the same as we all suffered in the 70's 80's. Nobody was a real winner, all losers cos we couldnt sell what we made, to dear. You put what money you had in the fridge and your Sunday joint if you could afford it in the safe!

Edit, and Corbyn wanted to bring that back. No thanks.