Lloyds Banking Share Discussion Threads

[careful] 19/11/2024 10:31

Just watching 2 protesting farmers on Sky.

Their 1500 acre farm has been in their family for many years and they would need to sell land to pay the potential £2m CGT bill.

1500 acres is a hell of a lot of land.
Naturally they wish to hang on to it, we all would.

The farm does not create much wealth despite its vast land ownership.
Their potential problem must be set against everyone else's problems with IHT.

I believe their arguments a feeble that they are a special case. They already are being asked to pay a lower rate than everyone else.
Motor mouth Clarkson already markets his farm as part the leisure and hospitality industry.
Then there was set aside when farmers converted unused land for golf courses.

In a crowded country such as our, land is worth potentially many more millions that the stated price.
Farmers are potentially super wealthy and they do not wish the forced sale of the land whilst the price is low. We know what they are thinking.

[mikemichael2] 19/11/2024 10:25

Oh dear, not much 'looav' around this morning, ted and I had fun playing on the golf course this morning (its closed) his little legs covered in balls of snow!!

Then out for a nice ploughman's and a pint at lunch, cheer up, us old gits still have it good.

[min ping] 19/11/2024 10:14

as one turkish local in Istanbul who was interviewed by the bbc said yesterday what you call far right in the UK, we call national pride in Turkey

sums it up

[kenbos] 19/11/2024 10:13

Totally agree

[min ping] 19/11/2024 10:10

careful - heres a thing for you

instead of going after aspiration, oldies, all ready taxed pensions, why doesnt he cut down on waste, cut down on handouts to migrants, cut down on giving away over 10 bln in foreign aid to countries that dont want it, slim the public sector etc etc.

We need an Elon to cut down on the sublime waste evident in the public sector before asking people to pay even more tax.

[hardup1] 19/11/2024 10:04

So Putin has warned Ukraine against using US made missiles to strike Russia, but it's OK by Putin for Russia to use Iranian made drones and ballistic missiles to strike Ukraine, and use North Korean troops on the ground inside Ukraine?

[careful] 19/11/2024 10:04

I did not voter Starmer, but he should hang in there.
I like his tax moves his warmer relationship with the EU. and getting closer to China.

Don't like the immigration thing, his talk about going after the gangs is pure BS.
..but they may move on that next, the toes did nothing in 14 years.

Labour will go full term, too many backbenchers to bring down the government.

The result of the election may well depend upon Farage again.
He let Boris win by standing down, he kicked Tories out by stealing their votes last time.

The strength of Reform and Nigel lies in the fact that his followers are strategically inept.

[careful] 19/11/2024 09:56

It is obviously class warfare.

We have never had a radical Labour government in this country for many years, one that believes in redistribution of wealth.

Micheal Foot was slaughtered at the ballot box as was Corbyn.

The other side of this coin is that we have to put up with outrageous tax loopholes for certain groups, installed by the rich mans party we all vote for, the Tories.

Non Doms, Trust funds for billionaires to hide their money, and wealthy landowners.
They pay almost nothing in inheritance tax, which is a scandal.

Senior civil servants register as self employed to avoid tax.

We need a government to tackle this, they never do. Even this modest tax on a small number of farmers has been met with a barrage of anger.
Of course they should pay some tax, none of us want to, there should be no exceptions.

[scruff1] 19/11/2024 09:54

Might all become a bit of a minor issue. Putin promised a nuclear response if Ukraine used US missiles to attack Russia. They have. So now we wait to see if Putin was a bluffer. Good timing by Biden. Just as a peace settlement was appearing to be a possibility.

[hardup1] 19/11/2024 09:54

Market and banks taken a dive shortly after 09:15 this morning?

[utrickytrees] 19/11/2024 09:44

Embargoed news stories now mean that citizens from the country of origin are likely to be the last to know what's actually happening! if you need to know what's really going on in the UK you'd be better off asking a stripper from Nevada or an Aussie cattle farmer, time to get a VPN.
Talking of farmers I've yet to hear an interview where the Welsh woolly backs can defend the new IHT rules, that said I would be open to a refinement of the proposals. Perhaps it might be better to tax on disposal of assets like would be done for someone selling a company rather than IHT. That said I would have thought with the correct financial planning the farm could be made a trust so IHT is largely irrelevant?

[jordaggy] 19/11/2024 09:28

Buying quality US stocks is a great hedge against sterling.

[freddie01] 19/11/2024 09:28

I can't see them lasting the full stretch at this rate.

[jordaggy] 19/11/2024 09:24

I used to regard Lloyds as a bit middle class in terms of banking, guess not these days.

Small investors are gloomier about the prospects for the UK stock market, according to financial services company Hargreaves Landsown.

The latest HL Investor Confidence Index, released this morning, has found that confidence in UK equities has decreased 11% month on month, while confidence in UK economic growth has also decreased by 13 points.

Emma Wall, head of platform investments at Hargreaves Lansdown, says that the London market have been hit by two headwinds: a UK Budget deemed by the market as potentially inflationary, and Donald Trump’s election victory, which pushed up shares but hurt bond prices.

Conviction in European stocks (down 4%) and Japanese stocks (down 10%) has also fallen this month, but investors are more confident in Asia Pacific (up 8%), Global Emerging (up 7%) and North American equities (up 5%).

[careful] 19/11/2024 09:15

Musk attacking Labours tax plans for farmers, Starmer getting closer to China and France on trade.

Has Starmer decided the so called special relationship with America is dead ahead of Trumps next spell in the white house? He will obviously want his cake and eat it, but if Trump plays too tough other countries will close ranks.

Interesting that Cameron saw great opportunities from China for trade and inward investment but was ordered to keep clear by our lords and masters, America.
Harassed by the inept Ian Duncan Smith and other anti China Tory backbenchers.
Cynics would say that they were on the US payroll, the American way.

Now we have a huge number of socialist back bench MP's who rather like the thought of closer ties with socialist EU. and trade with China.
Musk's interference in the UK's tax plans will fill them with resolve. Back bench socialists will not be influenced by a man worth $400bn with an anti union attitude.

[freddie01] 19/11/2024 09:07

A bloke in the pub yesterday was raving about it being a land grab. Farmers have to sell and Mad Ed gets his wind turbines up.

[mikemichael2] 19/11/2024 08:55

Brah, I have a 30 degree south facing roof capable of taking at least 20 modern high efficiency panels, along with storage I'm sure even in winter just might be!!

[scruff1] 19/11/2024 08:40

M2
Currently the road tax for EVs is £0.

I will repost in 2029

[min ping] 19/11/2024 08:36

its class war. bleedin obvious