Lloyds Banking Share Discussion Threads

[xxxxxy] 30/9/2020 07:53

No deal is better than being a colony of the EUBy JOHNREDWOOD | Published: SEPTEMBER 30, 2020Yesterday I made the case again for no more U.K. concessions to the EU in the debate on the Internal Market Bill. I will post the speech later this morning.The Withdrawal Agreement was based around the promise of a future relationship which had its core a Free trade agreement where the EU would respect the UK's sovereignty. There is no good faith by the EU over this. It's time to leave and to be independent.

[mitchy] 30/9/2020 07:45

So whats going to dump on us today ?

[utrickytrees] 30/9/2020 06:47

xxxxxxxxxx Jock News xxxxxxxxxx

Black history month: postboxes to be painted black to honour black Britons. Four postboxes have been painted black to honour black Britons including Sir Lenny Henry and nursing pioneer Mary Seacole.

Spokesperson for Scotlands Glasgow postbox site 'Roberto McBargain commented ' Aye, as a country weve done everything possible to try and tempt the blackies up here over the years but they're just not interested. Christ knows our national football team could benefit from a bit of black & so could our cheerleaders for that matter.' Weve actually got no black candidates to choose from so I'm delighted to announce that weve honouring Ian Blackford cos he sounds a bit black.'

[jl5006] 29/9/2020 22:49

The Q is Y.
Gove is a kipper - would not trust him.
Plse be sincere.
BBC and Sky have done all they can to screw those that voted to leave.
Maybe this is nothing about leaving but it seems like it.

[xxxxxy] 29/9/2020 22:17

 Mike S , Tuesday, September 29, 2020, 12:15:Covid-19 is now nothing more than an means to an end to keep control of power! The main stream media keeps harping on about how wide spread & deadly this virus is,& to some,I have no doubt it is,but,to the vast majority,it isn't! We keep hearing about the potential spreading of this virus but,the only thing we hear about those of us who aren't buying this is how ill informed we are & it's going to be our fault if things get worse! Any resemblance to the Brexit argument?! I mean,we cannot meet our families in any household,we cannot speak to our families in the street,but we can meet up with & speak to them in a pub up to 10pm were the virus becomes more deadly than it was at 9:59pm! The government, with the support of the media,is now trying to cash in on this by fining anyone for the least little thing! But,how can someone pay any fine of between £500/£1000 up to £10.000 if they have lost their jobs because the powers that be want to keep the power tripping exercise they have been enjoying! We might be leaving the EU but, instead of becoming a free independent country,we are steadily becoming the Communist State of Great Britain! Both the government & media,more so the BBC,most likely are punishing the people of the UK because we voted to Leave the EU! One day we can do this, the next day we can't,the next day we can to a certain degree,the next day it's something else! The devolved governments of the UK don't know what they are doing & all this dithering from one day to the next is nothing more than governments unable to decide on how to proceed precisely because it's now all about keeping control of the people! Not any virus!

[xxxxxy] 29/9/2020 22:13

Supposed judicial overreach has come in for a lot of stick in recent years, not least when the Supreme Court ruled that government attempts to prorogue parliament were unlawful, prompting some Brexit campaigners to label its judges "enemies of the people".But much of the time, the courts do us all a favour in calling the executive to account. Parliament cannot always be relied on to do the same. That's particularly the case at the moment, when thanks to Covid restrictions we don't have a properly functioning representative assembly.Outside increasingly exasperated Telegraph columnists and their readers, the shambles of the Government's Covid response goes substantially unchallenged, with a cowed BBC, like some Soviet era propaganda machine, only too willing - presumably with one eye on the threat to the licence fee - to feed the unhinged nonsenses of government-sponsored hysteria.That's why the fast disappearing hospitality, entertainment, retail and sports sectors need urgently to seek a judicial review of the Government's approach. For many firms, the final nail in the coffin was Boris Johnson's wholly unnecessary warning that renewed restrictions could last for six months. It seemed an "abandon all hope" and file for insolvency moment.If it were possible just to mothball until the madness subsides, they would, but most landlords would rather bankrupt their tenants than forgo rental payments. They must either continue racking up ruinous losses or liquidate.Just as terminal for large parts of the hospitality sector is the 10pm curfew. Until we learn the ghastly American habit of dining at 5pm, which is abhorrent to European mores and in any case incompatible with most people's working lives, this pretty much sounds the death knell of the second sitting, together with the viability of many pubs and restaurants, already struggling with the limitations of social distancing, the rule of six, revived work from home messaging, and renewed local lockdowns.What's so galling about the curfew is that no remotely plausible justification has yet been advanced. The latest surge in infections is not down to hostelries, which have been largely compliant with social distancing instructions, but is in homes and hospitals, the former of which have acted as a spillover for customers forced out of the pubs early into less safe environments so as to carry on drinking.From the sublime to the ridiculous, Andy Burnham, the Manchester mayor, suggests banning the sale of booze by retailers from 9pm onwards to prevent determined drinkers from loading up after being booted out of the pubs. You really couldn't make this kind of stuff up. One madness breeds another.As for hospitals, why are we again worrying about overwhelming them? The correct strategy is surely to have them treat other illnesses normally and confine Covid patients to specialist centres such as London's now mothballed Nightingale. This approach has worked well in China, both as a way of quarantining Covid spreaders and treating sufferers.The Government has said that a second national lockdown is unconscionable, but with the growing number of local variants, we are virtually there already.Ministers, civil servants and advisers plainly have not a clue how the hospitality sector works, or its importance to the economy. Hospitality is a fall back and support for all kinds of creative and educational industries, not just in terms of sustenance, but as a source of temporary or part-time work for struggling students, musicians, actors and other forms of insecure employment.There are some fast-growing alternatives, to be sure, home delivery being the most obvious beneficiary of the hospitality sector's defenestration. But is there not something morally reprehensible in the idea that those forced out of hospitality and entertainment into delivery jobs should put their lives at greater risk so that the home working middle classes can be put at lower risk?Meanwhile, the public sector - about a fifth of the workforce - sails blissfully on without impediment to either jobs or income. Aparteid in employment protection is again fast becoming the order of the day. It's all very well making hospitality bear the brunt of the pain, but where's the compensation for forced closure, commensurate with the protections offered to public sector workers?The end of the furloughed workers initiative, and its replacement with a less generous Jobs Support Scheme, only makes sense for an economy where lockdown is being eased.As long as the economy was gradually opening up again, there was plainly some merit in companies bringing workers back on the reduced hours basis the scheme is meant to encourage. If there are no jobs for them to come back to because things are closing up again, it just doesn't work. In many cases, it will cost firms more to employ two people part time than one full-time.As on much else to do with the Covid response, the policy wasn't properly thought through. Likewise with the Eat Out to Help Out scheme, trumpeted as a great success by the Government when it was operating. But now that restrictions are being imposed anew, it turns out to have been a complete waste of money; its lasting impact is precisely zero.To be fair, even the most sure footed and competent of governments would have struggled with the challenges of Covid. The densely populated, service-orientated nature of the UK, together with the high levels of social and family contact among some ethnic minorities, may have made it particularly vulnerable to the virus.Jeremy Warner... Daily Telegraph...

[polar fox] 29/9/2020 21:24

Internal Market Bill approved this evening. 340 to 256. Now goes to HoL.

[maxk] 29/9/2020 19:53

I suspect it's not for nothing graham.

There's rhyme there, but the reason is obscure. But there is reason imo.

[jl5006] 29/9/2020 19:38

Gecko
I do not know what the protocols were for any aspect of health management.
U do = pls explain how u know.
As to the modular madness relating to C 19 - there is nothing based in reality - just - no unjustly yes.
Science will be loser for this manic destruction. Their only rule was what if - they never studied arts so why would they consider - what if not?

[mikemichael2] 29/9/2020 19:34

Chips, you have been saying something like that for years, or was that fiat currency.
Still in Torquay?

[utrickytrees] 29/9/2020 19:33

Steve Baker's had to stick his head above the parapet. Boris's days are numbered.

[mikemichael2] 29/9/2020 19:29

Min, i'm already retired and receiving my pension and private pension.

[grahamite2] 29/9/2020 19:17

how much higher would deaths be if we used the same protocols as for Influenza?

A fair question, Gecko. I don't know the answer but it is quite possible deaths would not have been higher at all. Our restrictions have been so haphazard, so arbitrary, so inconsistent, so mutable, it has been like building a cage with only three sides and expecting that to stop the lions escaping.

Mass economic, constitutional and cultural destruction - all for nothing.

[geckotheglorious] 29/9/2020 18:57

Graham,

Influenza kills half a million or more annually so I’d say the current virus is bad by any standard.

"Bad by any standard, yes, but how bad? With deaths only twice the number we get from a disease that comes round every year, surely not bad enough to dismantle our whole civilization for it?"


Influenza 375,000 - 500,000 deaths per year:

No lockdown,
No social distance-
Peak season in Jan/Feb
Vaccines.


Sars Cov2 1,000,0000 deaths by 29th Sept
Biggest lockdown ever,
Most social distancing,
No vaccine

Given transient populace in UK, and US, and parts of Europe(Not Sweden which doesnt have a global city) how much higher would deaths be if we used the same protocols as for Influenza?

[utrickytrees] 29/9/2020 18:52

Large field handicaps.

[jl5006] 29/9/2020 18:43

Nobody considered a VCT - with 30% tax back and income of 5..6%?
Tighter rules - bitof a gamble - better than Prem bonds or nat Lot.

[high value chips] 29/9/2020 18:24

Good afternoon Chaps.

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diku29 Sep '20 - 18:10 - 12418 of 12418
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As long as the car takes you from A to B the badge is immaterial...

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Very good point diku; When the stock market pops and you are not prepared for it, getting fuel for your car will be on the bottom list of worries! ( Hope it doesnt happen).

Be lucky.

Cheers

[careful] 29/9/2020 18:20

Reliability of all electric older cars/batteries will be a nightmare.
So many will been the hard shoulder, out of charge.

[diku] 29/9/2020 18:10

As long as the car takes you from A to B the badge is immaterial...

[dope007] 29/9/2020 18:04

Leon is a good car. I had the 184BHP diesel. But for a 3 year old car do not discount the Hyundai/Kia offerings. Very good motors at lower price points

[minerve 2] 29/9/2020 17:42

mm2

Why don't you set-up and contribute some of that savings to a pension scheme?

I mean < 1% is getting you nowhere and is actually losing you money vs inflation.

I'm assuming those savings are for a 'rainy day' or 'for the future', or at least some of it is. So why not set-up something like a stakeholder pension for you and your wife? I don't mean SIPPs because the annual management fees are only worthwhile on large funds. Stakeholder pensions have yearly fees less than 1%.

Your contributions will earn an immediate 25% return if you are a low rate tax payer and you can still contribute £2,880 each if you are not working which gets grossed-up regardless of your tax rate.

With the UK market extremely low ATM a general investment/pension fund would make full use of the current situation and it would need to fall a further c25% for you to be back to 'square one' had you invested in the market directly.

With the new pension freedoms you could still access the funds if desperately needed - you would just lose the tax benefit - but if it is only part of your savings you could workout some investment draw-down/income that keeps your 25% initial return intact.

I'm a bit rusty on pensions but I think everything I've said is correct.

:)

[mikemichael2] 29/9/2020 17:41

Yes, and the 1.5 has ACT, so very good mpg. I'm torn between a Leon tsi evo 1.5, or the Golf 1.5 tsi evo. Used of course 2017 onward. Golf is about 3 grand more.

[chavitravi2] 29/9/2020 17:11

I drive a BMW that's coming up 2 yrs old and I've done 11k miles. Said to Mrs I cant justify another next years on mileage we do. Been looking at the NEW Seat Attica that's out now. The 1.5 petrol looks very good, updated inside and out. I may go for that seeing as it's really VW.