Lloyds Banking Share Discussion Threads

[jl5006] 22/11/2020 20:59

So the clowns have agreed that Xmas can be but with a penalty of 56 days.
Bo No Drake and Wee b - have insisted Xmas goes ahead with penalties.
Who said anybody wanted it this way.
FGS Xmas is for those that celebrate it
Tell me eat turkey and do turkey.
Never has the stupidity of those elected been so apparent BJ was supposed to deliver Brexit - yet he is playing the most childish game of his life - is he demented??

[diku] 22/11/2020 20:36

mr e...these share awards are just icing on the cake...on top of the huge remuneration package he gets...what about his gold plated pension...anybody know what it is?...

[xxxxxy] 22/11/2020 20:34

Still if Boris rolls over on this, he will go down worse than May.So. Hope.

[maxk] 22/11/2020 20:32

This is where Doris will roll over and concede..




Boris Johnson prepares significant Brexit intervention as negotiators begin the 'final push'


The PM is expected to attempt to clear away the final barriers to a deal – both sides believe one is now within reach


By
Gordon Rayner,
POLITICAL EDITOR
22 November 2020 • 6:38pm


Boris Johnson is preparing to make a significant intervention in the Brexit trade talks this week as negotiators begin the “final push” before a deadline in eight days’ time....

[xxxxxy] 22/11/2020 20:31

My fourth observation is that, once we've left, 85pc of the world economy will be outside the EU – including the world's fastest-growing and most populous economies..... As negotiations with the European Union enter their endgame, Britain's anti-Brexit brigade is out in force. Anything Brussels wants is reasonable and justified. The UK's conditions, of course, are driven by ignorance, nationalism and spite.Whatever the unreconciled say, Britain is leaving the EU's single market and customs union, by law, at the end of this year. But whether we will strike a free trade deal with Brussels, or default to trading on World Trade Organization rules, remains entirely unclear.Last week, Michel Barnier said one of his negotiating team had tested positive for Covid. A similar thing happened in March, when the EU's chief negotiator himself contracted the virus.We were at a critical juncture, making real progress, perhaps just days from a deal.But with the suspension of face-to-face talks, and given time needed for the ratification process to play out across EU parliaments, with the deadline fast approaching it really could go either way.As such, I'll stick to observations rather than predictions – the first of which is that a trade deal is clearly the best outcome.UK exports to the EU amount to 8pc of GDP – and if they continue largely tariff-free, under a reciprocal agreement, there will obviously be fewer disruptions for both sides.As lockdown lifts, and world trade reboots, a UK/ EU trade deal would help foster growth across all parts of Europe.Yet WTO terms is no disaster. Britain already trades under such rules with the US – our biggest single-country trading partner, accounting for a fifth of UK exports.The US and China sell hundreds of billions of dollars of exports to the EU each year using WTO rules – the framework, in fact, for the majority of all trade across the globe.For many years, UK trade with the EU has been in deficit, and falling as a share of our total overseas commerce – despite the much-vaunted benefits of the single market and customs union. Britain's non-EU trade, in contrast, generates a surplus.Having grown much faster than UK-EU trade for some time, it now accounts for a clear majority of the goods and services we sell abroad. Such non-EU trade is conducted largely under WTO rules.If we do leave with no trade deal, UK exporters to the EU will pay WTO tariffs – but they are generally very low. And the Government has indicated it will use part of the £10bn or so annual EU membership fee, plus incoming tariff revenues, to compensate UK exporters in sectors where tariffs are higher.My third observation is that, with full Brexit almost upon us, deal or no deal, the Government should be talking much more about the opportunities Britain gains outside the EU.We are "getting Brexit done" not just because the majority voted to live in a sovereign country that controls its own borders – as do other liberal democracies like Canada and Australia. There are also major economic advantages, which reinforce key parts of the Government's broader agenda, particularly now.Stark regional imbalances in the impact of lockdown, and Covid itself, make "levelling up" more urgent than ever. Brexit should be at the heart of such initiatives.Outside the EU, Britain will regain control over billions of pounds of "cohesion fund" spending, which can tackle regional inequalities.Free of Brussels' stringent state aid rules, the Government can selectively take stakes in industries of the future, not least artificial intelligence and biotech.Freeports and enterprise zones, low-tax jurisdictions bringing investment and prosperity to coastal towns and other deprived areas, should be at the forefront of addressing regional imbalances – and, again, are only possible outside the EU.And what about research and development tax credits, and other post-Brexit regulatory tweaks, again with a regional focus?While levelling up will cost money, such efforts should extend way beyond spending, emphasising infrastructure projects that harness long-term private capital, tax breaks and, above all, vigorous supply-side reforms – all of which are far easier after Brexit.The latest government modelling suggests that, under no deal, the UK economy would be 3 percentage points smaller in 15 years' time than it otherwise would have been.That's compared to the outcome under the kind of "skinny" free trade deal being negotiated – no tariffs on goods, but some new border checks and restrictions on services trade. As such, the no-deal negative growth impact in any one year is set to be tiny.And, according to the Office for Budget Responsibility, any possible implications are anyway "dwarfed by the uncertainty surrounding the underlying path of future productivity growth".So let's use the freedoms of Brexit to implement the supply-side measures – on tax, regulation and infrastructure – that would so clearly boost productivity, more than offsetting the miniscule growth downsides if we do end up with no deal.My fourth observation is that, once we've left, 85pc of the world economy will be outside the EU – including the world's fastest-growing and most populous economies.While EU trade agreements with other nations cover 11pc of UK trade, we've already "rolled over" deals accounting for almost three quarters of that, including sizeable economies like South Korea, South Africa and Japan. The rest are close – and will come.Plus, we have a good chance of striking agreements with the world's very largest players, not least the US, trade deals that have always eluded Brussels, given intra-EU conflicts.Finally, imagine if we were in the EU now. Earlier this year, even before Covid, Italy was again in deep financial trouble, stifled by the high currency eurozone straitjacket.Another bond market crisis loomed – resulting in a €750bn (£670bn) rescue fund, paid for by all EU members.So had we remained, Britain would now be contributing mightily to a vast bailout preventing the implosion of the eurozone – which we are not even part of. And with Brussels now sanctioned to borrow on the EU's behalf, the UK would have taken a huge step towards EU fiscal integration – which repeated polls show almost no British voters want to take.Whatever the one-off complexities of leaving the EU, the long-term, enduring complexities of staying would be far more acute.... Liam Halligan... Daily Telegraph

[sikhthetech] 22/11/2020 20:24

Brexit news and spending review this week.


Coronavirus: £3bn for NHS but Sunak warns of 'economic shock' to come

[jl5006] 22/11/2020 20:21

And
Workings in LAs do not allow spouses partners to work within the same body in the same dept- neither do auditing bodies allow audit by anyone of someone who has direct relationship.
Why on earth is princess nut nuts still working inside NO 10 - would seem to be contrary to common sense - and general rules.
BJ want to say something?

[portside1] 22/11/2020 20:13

Scruff it is £50k we and the wife £50 that's 100k which I class as mine

[scruff1] 22/11/2020 19:43

ianood
Take your word for it. Never had any myself. Will take it up with him when I see him. Maybe he split it with wife and kids but dont know. Hes not a porky teller though or a braggart and 100k wont mean as much to him as it would to me.
Gaffer
Dont bet on it. Cummings was taking em on and hes gone. Priti Patel is trying and apparently she is ging to be given her marching orders by Capt Chaos. Those big tough toffs dont like being bullied. It makes them cry and run off home. Pathetic gits

[xxxxxy] 22/11/2020 19:38

If Johnson goes soft and stupid, the Conservative Party will be RIP.Arise the Reform Party.No DealWTO

[xxxxxy] 22/11/2020 19:37

Janet Warrior22 Nov 2020 7:24PMWell said, Rishi. The possible side effects of a no deal exit are nothing in the current circumstances. I see that all the EUrophile journalists are writing as if a deal is just around the corner. It really isn't....John Barry22 Nov 2020 7:10PMIf the Tory party don't hold the line at this important moment their (remaining) credibility will be destroyed forever....Gareth Hopkins22 Nov 2020 7:00PMI think Bojo will be gone by March whatever the end result of Brexit, but for the Tories this is the point of maximum danger.Get this wrong and they will be out for generations.... Terry Smith22 Nov 2020 7:08PMif we surrender in sovreignty I will never vote coservative again.if Hohnson stands hos ground the red wall will stand... ... Daily Telegraph

[mr.elbee] 22/11/2020 18:52

So diku, the share price MUST go up to make his windfall worth anything....it is obvious.

[gaffer73] 22/11/2020 18:37

Scruff, port, totally agree. This country needs a good shake up, I just hope they take this opportunity to do it!

[diku] 22/11/2020 18:34

Any chance long term wider shareholders also get included in the "fixed share award" payment scheme?...what this really shows is that wider shareholders are merely buying into a share moving mechanism aka called Lloy only with numbers written on it...and not the company itself...






The boss of Lloyds Banking Group is on track to receive a shares windfall just as he bows out of the lender.

Antonio Horta-Osorio, who will step down from running the bank before July, has been awarded 1.4million shares so far this year through the 'fixed share award' payment scheme

[ianood] 22/11/2020 18:14

Scruff - Limit on Premium Bonds is £50K!

[jl5006] 22/11/2020 17:14

Sunak
Only WTO will suffice - to have a trade deal is to be subservient to EU via the WA and PD.
The sounds are like a govt which has just eaten vindaloo curry
And they will suffer - £3b to NHS for closing down services -
Hope Jolyon Maugham screws them in the Cts for Harding, Bingham and Coupe - he couldn't run a corner shop
And his next port of call is the scandal of contracts to mates - not providers.

[utrickytrees] 22/11/2020 17:05

Bobster, heard this today & thought of you. x

[xxxxxy] 22/11/2020 16:19

?In today's brief:  Sunak set to announce major spending spree, as Britain signs roll-over trade deal with Canada. Meanwhile French MEP hails CFP a 'success' and Brexiteers call on Boris to hold his nerve.  This week, the Chancellor will announce a major funding bonanza to insulate the UK from the double economic shock of Covid and the end of the transition period, committing tens of £billions to major infrastructure projects to remedy the North-South divide. Sunak will set aside £2 billion for Brexit spending, that will include a major upgrade of the customs system and £360 million to recruit more than a thousand new border guards. Responding to questions about the progress of the EU-UK talks on Marr this morning, Sunak made it clear that the UK should not accept "a deal at any price," saying "I think we are making progress in the talks and I remain hopeful that we can reach resolution."The Chancellor also said that the UK wants "pretty much the same treatment as most other countries that do trade deals with the EU get."Senior Brexiteer and former Party Leader, Sir Iain Duncan Smith reiterated this, as he called on the PM to hold his nerve in a piece for the The Sun on Sunday, emphasising that the country has voted for the UK to be a sovereign, independent nation again.Meanwhile, on Sky's Ridge on Sunday, French MEP and former French Europe Minister Nathalie Loiseau, used the opportunity to warn that "there are still big divergences." She also had an interesting take on the EU's Common Fisheries Policy declaring that it "has been a success" and provided British and EU fishermen with "sustainable fishing and decent incomes." Not sure that she'll find much support for that statement in British coastal towns!When asked his predictions for the effects of a No Deal on the UK economy, the Chancellor told Andrew Marr "we will prosper in any eventuality", saying "In the short-term specifically, and most immediately, it would be preferable to have a deal because it would ease things in the short-term" , but emphasising "the most important impact on our economy next year is not going to be from [No Deal] it will be because of the coronavirus."Speaking earlier to The Telegraph, Sunak said: "Obviously, as the Prime Minister has said we would prefer a deal with the European Union and that is what we are working hard to achieve. But any deal must respect our status as a newly independent country. "Leaving the EU provides us with many opportunities, and I am committed to ensuring that departments are well-equipped to provide the support that British business and people need to prosper. From free ports to free trade, the future is bright for post-Brexit Britain."Mr Sunak is expected to tell the Commons that the Government will "make the most of its freedom to trade with the rest of the world on its own terms" after signing or agreeing in principle trade agreements with 52 countries including Japan, worth a total of £146 billion in 2019 alone. Yesterday International Trade Secretary, Liz Truss, secured a post-Brexit Canada-UK trade deal, as Justin Trudeau and Boris Johnson committed to deepening their relationship over environmental issues.The deal rolls over current EU-Canada trading arrangements and marks the start of negotiations on a new, bespoke deal in 2021 that will include sections on the environment, digital trade and women's economic empowerment.The formal 'agreement in principle' between the UK and Canada locks in certainty for UK businesses trading goods and services with Canada currently worth £20bn and avoids an estimated £42m of tariffs that exporters in the UK would have faced.Prime Minister, Boris Johnson said: "This is a fantastic agreement for Britain which secures transatlantic trade with one of our closest allies. British businesses export everything from electric cars to sparkling wine to Canada, and today's deal will ensure that trade goes from strength to strength."Our negotiators have been working flat out to secure trade deals for the UK, and from as early next year we have agreed to start work on a new, bespoke trade deal with Canada that will go even further in meeting the needs of our economy."There is anger from some Brexiteers with news that over the summer, the UK quietly paid a demand from the EU for an extra £1.09 billion on top of the normal Budget payments.Tory backbenchers had called for the payment of the bill to be made conditional on the successful conclusion of trade negotiations."We have weakened our negotiating position. We should have said the cheque was in the post," said Andrew Bridgen MP, "throughout Brexit, the EU has taken every advantage of playing the cad and we accept every disadvantage of playing the gentleman."We don't often hear much about Labour's thoughts on Brexit these days, but news in that Sir Keir Starmer is apparently facing a shadow cabinet revolt over Brexit, after the Party's leader said last week that Labour should back a deal if Boris Johnson is able to secure one.Senior members of Starmer's top team said Labour should abstain rather than support what the party believes will be a "thin" trade deal with the EU.Frankly all a bit of a non-story as Labour no longer has enough seats to be any kind of opposition. This week, talks will continue virtually between the isolating UK-EU Brexit negotiation teams, while senior government officials will report on Monday to the Common's public accounts committee on the preparedness of the UK borders. For the latest news and developments throughout the week, please do follow @GlobalVision_UK on Twitter and via our daily briefing.

[xxxxxy] 22/11/2020 14:48

Smartphone. I've cracked mine. Just a tool though. Tickets and banking and stuff , great.

[xxxxxy] 22/11/2020 14:42

UK has been agreeing trade deals at an average of 2.5 countries per monthEU's average in the last 60 years is 0.2 countries per month?© Brexit Facts4EU.Org 2020As the UK celebrates a deal with its 54th country, Facts4EU.Org summarises post-Brexit tradeYesterday the Government announced that agreement had been reached in a video conference call between PM Boris Johnson and Minister Liz Truss from the UK, and PM Justin Trudeau and Minister Mary Ng from Canada, to roll over the current trading arrangements between the two countries, post-Brexit.In what must be seen as a blow to the EU which loudly trumpeted its trade deal with Canada from 2016 onwards - despite it still not being ratified by the EU27's parliaments four years later - the UK has now secured a 'rollover' of the current EU deal. The scene is now set for both parties to agree a bespoke deal which better reflects the interests of each country as they trade with each other going forward.?This brings the number of countries with which the UK has agreed post-Brexit trading terms to 54, according to the data supplied by the Dept for International Trade. (For some reason Liz Truss is only claiming 53.)BREXIT FACTS4EU.ORG SUMMARYCountries with which the UK has agreed trade arrangements post-Brexit?© Brexit Facts4EU.Org - click to enlargeTotal trade with these 54 countries totalled £168.2 billion in 2019 (ONS data)Of this, UK-Canada trade totalled £22.4bnOther significant deals include:-Switzerland - £38.6bnJapan - £31.6bnSouth Korea - £11.7bnCommenting on the Canada deal yesterday, Boris Johnson said:"This is a fantastic agreement for Britain which secures transatlantic trade with one of our closest allies. British businesses export everything from electric cars to sparkling wine to Canada, and today's deal will ensure that trade goes from strength to strength."Our negotiators have been working flat out to secure trade deals for the UK, and from as early next year we have agreed to start work on a new, bespoke trade deal with Canada that will go even further in meeting the needs of our economy."?Canada knows which side of the pancake the maple syrup is spread onThis is a smart move by Canada. The Government there will know that over two-fifths of Canadian goods exports are bought by UK companies and consumers. With the UK gone, Canada's trade deal with the EU – still not ratified by the EU four years later – is worth a great deal less than it was.?© Brexit Facts4EU.Org - click to enlargeThe EU-Canada deal took 12 years to negotiate, and as we stated it is still not ratified by the EU27's parliaments. (The UK Parliament ratified it within months of it being signed.)Canada is yet another country which forms part of the Trans-Pacific Partnership (CPTPP), which now accounts for 13.5% of world trade and has 495 million consumers - many more than the EU. The omens are looking good for the UK to join this trading bloc over the coming two years.OBSERVATIONSMaple syrup with our pancakes, next Shrove Tuesday?This latest in a long line of recent post-Brexit trade agreements with non-EU countries is to be welcomed. Canada is a country with which the UK has had a very long history over the centuries, and Her Majesty the Queen is still the Monarch.It is of course true that Mr Trudeau is not a man whose political ideology will be shared by the majority of Brexiteers. Indeed we believe he is several kilos of maple leaves short of a jar of maple syrup, but trade is trade.What matters is that British exporters will have continuity from 01 January 2021, and that jobs will be secured. There is plenty of time thereafter to finesse a bespoke trade deal with Canada, as there is with other non-EU countries.?Why is the Government still obsessed with an EU trade deal?It is our belief that Boris Johnson will announce a trade deal with the EU in the next few weeks. We have no firm evidence as yet, but we believe that this trade deal will be a betrayal of the views of the 17.4 million British people who voted to leave the European Union almost four-and-a-half years ago.If you would like us to be there, fighting for a free, independent and sovereign United Kingdom, please donate towards our work today. Quick, secure, and confidential donation links are below this article.We can't do this without you. Thank you so much.[ Sources: UK Office for National Statistics | No.10 | EU Commission | Statistics Canada ] Politicians and journalists can contact us for details, as ever.Brexit Facts4EU.Org, Sat 21 Nov 2020