Lloyds Banking Share Discussion Threads

[grahamite2] 09/9/2020 08:50

Utricky, is that a hangover from the old days when we were so overwhelmingly mighty we felt we had to fight with one arm tied behind our back as a matter of noblesse oblige?

It's a point Alphorn has often made - many of our problems with the EU didn't come from EU rules as such, but from the ridiculous fervour of our own people in enforcing those rules.

[cheshire pete] 09/9/2020 08:37

Ah yes UTT.....but no-one ever said the EU is perfect lol...oft repeated mantra from Cammie & the remainers.

No deal. No more talks, waste of time.

[utrickytrees] 09/9/2020 07:35

Of course, I've dealt with many EU countries over the years & everyone should understand that they only pay lip service to anything that is not on their favour. Whilst we on the other hand follow all the laws and regulations to the letter (and despite our adherence to those laws we are still better than the EU in every department). I dont know how your average lying deceitful European country can be so mediocre when they flout all laws. It's a bit like Ben Johnson taking nandralone whilst actually in his blocks & getting beat by Tom Kerridge.

[arjun] 09/9/2020 07:28

Morning all

[xxxxxy] 09/9/2020 06:43

Or just bypass and go No Deal.WTO

[xxxxxy] 09/9/2020 06:41

Gracia says that the Northern Ireland protocol, introduced to avoid a hard border on the island of Ireland, could prevent Britain from having "full discretion" over what it can and cannot invest in.Excellent article in Daily Telegraph

[xxxxxy] 09/9/2020 06:38

If not fir for purpose, then not fit for purpose. Not put together in a reasonable nanner, put together under coercion politics. Enslavement to the EU is not accetable.So People, do yout bit and Boycott goods and products of the EUSSR.

[xxxxxy] 09/9/2020 06:34

Brexit Q&AWhat is the Government doing?Ministers are planning to introduce legislation which will clarify (or override) key parts of the Withdrawal Agreement that Boris Johnson signed up to last year.In two pieces of legislation due to be put before Parliament, the Government will seek to clear up several grey areas that exist in the Northern Ireland protocol, which was established to ensure no there is no hard border on the island of Ireland.While critics claim the unilateral move risks breaching the commitments the UK has signed up to, Downing Street insists the changes are necessary to end legal confusion and provide certainty for businesses should no agreement be reached before the transition period ends.What changes are being made?They relate to three areas: state aid, paperwork, and customs and tariffs.Under the Northern Ireland protocol, the UK must notify the EU of any subsidies that could affect trade between Northern Ireland and the Single Market.However, Brexiteers believe that ambiguity in the protocol could be exploited by Brussels to interfere with subsidies for businesses in Great Britain which have only a limited link to Northern Ireland. Ministers intend to address this by making clear that EU state aid rules will only apply in Northern Ireland.The second issue relates to the requirement that Northern Ireland businesses must complete export summary declarations when they send goods to Great Britain, which Brexiteers argue is not compatible with the promise that the province will enjoy "unfettered access" to the UK internal market.The Government therefore intends to legislate to waive this requirement.The third relates to a list of "at risk" goods heading into Northern Ireland from Great Britain, which could enter the EU Single Market (via the Republic of Ireland) and must therefore be subject to tariffs.Goods shown to have been consumed in Northern Ireland can have the tariff rebated, but businesses warn that the system is an administrative nightmare and will add to their costs.To lessen the impact, the Government intends to hand ministers the power to determine which goods will be considered at "risk" if no agreement is reached. This is supposed to be agreed through the UK-EU joint committee, which is likely to come up with a much longer list of goods.However, if there is an agreement with the EU, ministers will simply use the powers to implement what has been jointly decided.What are the consequences?The Government insists that it is merely attempting to define ambiguous parts of the protocol and it intends to honour its commitments set out in the withdrawal agreement.But the EU has warned that the UK must fully implement the withdrawal agreement if a trade deal is to be struck.In particular, the UK seeking to determine which goods heading into Northern Ireland are liable for EU tariffs is seen as highly contentious.Brussels is also particularly concerned about the prospect of the UK using state aid to hand its businesses an unfair advantage, and so is likely to object to any attempt by the UK to dilute its obligations.If it believes the UK has reneged on its commitments, it could be enough to collapse the talks and trigger no deal.Legal experts have also suggested the dispute could end up in the European Court of Justice, with the UK potentially facing a heavy fine or sanctions if it is found to have breached its commitments.

[xxxxxy] 09/9/2020 06:09

A new commuting model?By JOHNREDWOOD | Published: SEPTEMBER 9, 2020Many companies are saying they are looking at more staff working some days at home and some in an office in the centre of a city. One of the issues that arises is how will people travel to and from the office, and what will that cost? Will the nationalised railways respond with attractive new tickets and offers which allows people flexible choices of when to travel, with a suitable discount for being regular users?I started researching this article by going onto one of the big well known rail ticket sites. They ask the right questions there, and offer a cost comparison for people wanting to commute for fewer than 5 days a week. They of course can only compare costs against the background of the present ticketing offers. They show that the railway has not yet bothered to think through what a part week commuter might like.The worked example I was offered showed this for the daily costs of travel:3 day commuting Anytime day return £48.90Weekly season £39.53Annual season £33.83Traditional 5 day commutingAnytime Day return £48.90Weekly season £23.70Annual season £20.24As these figures reveal, there is a substantial discount offered on high ticket prices for daily commuting 5 days a week. If someone now wants to commute three days a week they still have to buy the full 5 day a week season ticket, but get a much smaller effective discount on the daily fare. I guess these figures do not allow for holidays which means the actual daily cost on the season ticket is higher.The railway needs to do better than this. People may now be flexible not only about which days they go into the office, but also which times. There may be a willingness by employers, particularly all the time social distancing applies, to allow or support staggered hours. The railway has always claimed commuter fares even on season tickets have to be so high because it is all peak travel. This imposes high peak costs on the railway which needs high capacity for just a few hours a day. This new pattern of reduced days and a wider range of times allows the railway to flatten the peak, which should lead to economies to pass on to users.If the railway wants it business back it needs to do better by commuters. One of the main reasons people do not want to return to five days a week in the office is the high cost rail service which often let them down.

[freddie01] 09/9/2020 05:52

CMA stops Lloyds ‘bundling’ business accounts with loans


The CMA has stopped Lloyds Banking Group forcing small business customers to open business current accounts when taking out Bounce Back Loans.


‘Bundling’ is where a bank requires small business customers to open a business current account (BCA) with them when applying for a loan. This restricts competition and limits choice because customers may want to hold an account with one provider while using a different bank for their loan.

This action comes after Lloyds Banking Group (Lloyds), which includes Lloyds Bank and the Bank of Scotland, notified the Competition and Markets Authority (CMA) that it had not complied with certain aspects of legal undertakings designed to protect customers from these anti-competitive practices.

The CMA found that Lloyds breached these undertakings from 8 May 2020 onwards. It is requiring around 30,000 customers that were running the finances of their business through a personal current account (PCA) also to open a BCA with them in order to obtain a loan through the government’s Bounce Back Loan Scheme.This scheme is intended to help businesses access finance quickly during the coronavirus (COVID-19) pandemic.

While the CMA notes that Lloyds’ new BCA customers would not initially be charged, small business customers may keep their account open for longer than the fee-free period, resulting in charges for an account that may not be well suited to their business.

Working with the CMA, Lloyds has agreed to a number of actions to become compliant and make sure all affected customers are made aware of their options. This includes writing to customers during September to inform them that:

if they opened a BCA with Lloyds, they are not required to maintain this account for the purposes of a loan under the Bounce Back Loan Scheme, and can choose to switch to another provider at any time while keeping the loan; and
they will be offered the option to switch to a fee-free loan servicing account
Lloyds will also ensure that any customer that retains the BCA will be reminded of these options two months prior to any newly introduced charges, as well as reporting back to the CMA on its progress.

From the middle of September, customers making new applications for loans under the Scheme will have an upfront choice to either open a BCA or a fee-free loan servicing account.

Adam Land, CMA Senior Director of Remedies Business and Financial Analysis, said:

The Bounce Back Loans Scheme is a key part of the support provided by Government to small businesses during the coronavirus (COVID-19) pandemic. It is important that signatories to our undertakings participating in this Scheme do not restrict the choices of small businesses by bundling loans and business current accounts.

By forcing businesses to open current accounts as a pre-condition to access this Scheme, Lloyds breached the CMA undertakings it signed, reduced choice and put their customers at risk of being unnecessarily charged.

Following our action, Lloyds is taking the steps necessary to become compliant and will shortly be contacting existing customers to inform them of their rights.

[minerve 2] 08/9/2020 22:01

Three's not a crowd to her, she said
"Room 714, I'll be waiting."
When I get there she's got incense, wine and candles
It's such a freaky scene.

That girl's all right with me yeah.

[minerve 2] 08/9/2020 21:48

Whoomp! (There It Is)

[minerve 2] 08/9/2020 21:47

Cheshire

You are a funny little man.

[grahamite2] 08/9/2020 21:38

freddie #314037

When you hear news reports of elections on the continent - in Greece, in France, in Germany, wherever - you're always hearing about "the far right X Party" or "the extreme right Y Party," but you never hear talk of far left Parties. This doesn't make any sense logically, and it isn't accurate actually - plenty of Parties are far left by any standards. What's that all about?

Well, far right isn't even meant to be an accurate description. It just means, we don't like these people so we're going to call them something unpleasant so you, the viewer, don't like them either.

It's exactly the same with google and NBC - far right is what they call anyone they don't like.

It's worth mentioning that google has had a lot of criticism over its censorship. And NBC is a disgrace to journalism.

[cheshire pete] 08/9/2020 21:14

What's your target for FTSE buywell?

[minerve 2] 08/9/2020 21:04

I think I might go and break the law in a specific and limited way.

[buywell3] 08/9/2020 20:54

USA markets now giving the heads up for tomorrow

How do the FTSE 100 gurus keep getting it so wrong ?

[minerve 2] 08/9/2020 20:46

Government reaching new lows today I see. No surprise there.

[buywell3] 08/9/2020 20:45

Lack of discipline amongst the Snowflake generation is now endemic

It will be interesting what sort of offspring will result from their couplings

Living with mum and dad ?

Not wanting to work much or hard ?

Claiming benefits wherever possible ?

Getting free or subsidised council housing if mum and dad kick them out ?



The future does not look golden IMO if the Snowflakes take the reins

A Slush generation then to follow the Snowflake will perhaps be the result after a meltdown

dyor

[buywell3] 08/9/2020 20:26

It is the USA stock market that will determine where LLOY share price goes IMO

Same as always

USA markets move all the rest

And the FTSE 100 got it well wrong today so tomorrow could be a bad day at black rock

[bargainbob] 08/9/2020 20:23

Bring back Daisy May.