Lloyds Banking Share Discussion Threads

[alphorn] 29/11/2018 10:02

The annual rate of growth in new consumer borrowing fell to its lowest level for three years during October, according to Bank of England statistics published today. Consumers borrowed 7.5 per cent more than a year earlier, the slowest rate of annual growth since May 2015.

Slow down in car purchases? A guess.

[alphorn] 29/11/2018 09:53

willoicc - you have emphasised the point that I was trying to make very well. They are the new owners and they have used their brains to make a go of it. The same opportunity had been available to the UK fishermen.

(Was not aware it was your post - I would have just said that I disagree. Apologies)

[xxxxxy] 29/11/2018 09:52

Mark B
Posted November 29, 2018 at 5:58 am | Permalink
Good morning

As I said in yesterday’s post. Peter Shaw made these kinds of predictions back in 1975 at the Oxford Union Debate. See YouTube.

—

The problem here is, we are allowing those that wish us tied to the EU to set the debate. That is usually around the economy, business and jobs. To me it has always been about governance. Who makes our laws. Who signs our treaties. Who represents us. Who is answerable to us. None of this can be said to be the UK government and parliament because they have given most of the powers away.

I voted Leave because I do not want the EU to do anything for me, I want my parliament to do it. That is what all 650 MP’s are paid to do !

I don’t care about the money. None of our former colonies cared about the money when they were given independence. They were never asked to sign an Withdrawal Agreement before being granted independence. Why should we ?

[ladeside] 29/11/2018 09:50

I see "project fear" has stepped up another major notch today.



Do they still not get it that people are just laughing at this sort of mince and if anything it just hardens their resolve.

Honestly, what a bunch of useless cretins we have in this Government...........

[grahamite2] 29/11/2018 09:48

Just for a change from Brexit



A nice change, for management actually to be held to account for idiocy.

[willoicc] 29/11/2018 09:46

Alphorn.

The fishermen sold their uneconomic quotas to the Spanish, or whoever, who had or bought other quotas. By adding the quotas together they were able to use larger trawlers and make fishing economic.

I do not believe that I was a fool to say that albeit more briefly in my original post.

Even if I am a fool, I will still attempt to be civil.


Alphorn
28 Nov '18 - 15:16 - 237877 of 237966
0   0  1



Ace - Stoned can not deal with facts, so don't expect to get any coherent response from him.


On another subject some fool above said that the fishing quotas were sold by the UK fishermen because they are uneconomic - don't whine now then. Become a communist and nationalise them all.
(I would like my previous houses back - because they have rocketed in value).

[xxxxxy] 29/11/2018 09:33

Futile Project Fear figures
By JOHNREDWOOD | Published: NOVEMBER 29, 2018
Yesterday in the Urgent Question on the latest round of Project Fear Treasury forecasts I asked them to tell us what the growth rate was in the last 25 years before we joined the European Community, and what the growth rate has been in the last 25 years from 1992 when they established the full single market and customs union. It was obvious we grew faster outside the EU than in it, so the Treasury declined to share these actual historical figures.

As UK GDP data begins in 1948 I have now confirmed that between 1948 and 1972 when we joined the EC, growth amounted to 118%.
In the years from 1993 to 2017, following completion of the single market, growth was just 69%.

In other words, growth inside the EU was 41% lower than before we joined. So using the Treasury way of explaining these things, at today’s values the UK economy would be far better off in income and output terms than we are following time in the EU. They should adopt their own negative language and tell us just what a colossal loss of income and output this amounts to.

Those who support the EU will immediately say that the reason for the much slower growth in the EU is not to do with our membership. As soon as they accept this they must therefore acknowledge that the Treasury forecasts for the next fifteen years are wrong, as clearly a wide range of factors can affect economic out turns. Their protestations are, however, wild like their gloomy forecasts. It is the case that membership of the EEC led to a sharpened decline in much of our manufacturing in the early years when we took the hit of tariff free competition. It is also the case the European Exchange Rate Mechanism did great damage to jobs, output and incomes, at just the time when the EU completed its single market.

The Treasury forecasts of lower growth are likely to be well out, and their assumptions are not realistic for the WTO exit where they leave out most of the upside we would expect.

The Bank of England forecasts are just absurd. They assume a fall in output almost as large as all our exports to the EU! Even the Bank can’t think we would lose that much and can’t ignore all the import substitution we would do in such extreme and impossible circumstances. How else do they get to such a wildly high fall in output?

[alphorn] 29/11/2018 09:22

Hi Bw, yes. About emails again. Hope all well.

[diku] 29/11/2018 09:20

237961 post of the day...picture speaks volumes...

[w5amh] 29/11/2018 09:11

Bob,if all your wishes came true, an independant Scotland staying in the EU.Would you be happy with a hard border between Scotland and England.

[broadwood] 29/11/2018 09:03

gotno - best regards.

[gotnorolex] 29/11/2018 08:55

Morning broadwood! Been in purdah?

[maxk] 29/11/2018 08:52

Good one bob!

[broadwood] 29/11/2018 08:51

Alp - Have you sent me a personal message on ADVFN?

Just checking before opening as I've had numerous scams recently?

[diku] 29/11/2018 08:46

Corbyn comes across similar to Michael Foot...he talks the talk...but doesn't fit the bill as a PM...and during the Brexit saga no party would want to change their leader...as they have snookered themselves...time to gradually bring the other Milliband in...

[gotnorolex] 29/11/2018 08:42

The Barclay Twins are sharpening their pencils again!

[minerve] 29/11/2018 08:33

"because of Corbyn, not Brexit"

Stupid headline. Nobody can say the markets aren't spooked by Brexit because they are. The vote on 2016 plunged the £ well before the prospect of Corbyn came along. I would also say it has a lot to do with the uncertainty regardless of what the concern is coupled with general growth concerns caused by tariffs and volatile energy prices.

[gotnorolex] 29/11/2018 08:29

Money is already draining from Britain but because of Corbyn, not Brexit
Markets are spooked at the prospect of Corbyn as PM

[bargainbob] 29/11/2018 07:40

Friends you know this already, and if you don’t you’ve been reading too many articles in the Daily Hate Mail, you are living in a fabricated construction of false democracy. A false democracy where politicians, aided and abetted by the majority of a pliable media with vested interests, simply refuse to make themselves accountable to you, and get away with it, easily.

Every inter-action with the much referenced “British people” is stage managed, diluted and homogenised to allow politicians in power, who, for all intents and purposes appear to be getting questioned about something important to the evening TV viewers waiting for Strictly Anything Great British in a Jungle to come on the google box, to respond to the questioner with standard one or two sentence bland conceptual intangible answers that really mean nothing and are no use to man nor beast. Real people with views that conflict with what the politician is trying to hard sell you are simply not allowed to intercede or provide an opposing opinion that may inform your views or enrich your understanding of the issue under debate.

In Scotland it’s even worse than that. You just don’t exist.

Reading the BBC news website’s article this morning entitled “ Brexit: Theresa May insists deal with EU is good for Scotland” I noted and accepted the usual British nationalist propaganda, that isn’t nationalist apparently because it’s British, of the first four paragraphs or so, supportive of the most ineffectual PM since Heath’s plan to separate the nations of the UK from their European neighbours in an isolationist orgy of little empire pomp and circumstance, commentary reinforcing and promoting the half a dozen bland phrases that the robotic leader spouts on an hourly basis about the separation.

Then I chuckled at the game effort at a confidence trick flung in to the text, of the not so subtle project fear variety, suggesting that the UK government had done a bit of analytical work which showed that under Theresa’s separatist plans the economy of the ‘ family of nations’ could be 3.9% wee’er after 15 years but under a no deal it would be the reverse of 3.9% wee’er, a no deal Brexit would deliver a 9.3% hit to the economy! After 15 years? How would they know? These Tory think-tank boffin types must be geniuses, and if they are, why are we in such a mess in the first place? So effectively they are telling you Brexit is gonnae be disastrous, a deliberate act by a British government is going to harm the economies of the countries which make up the UK, but you’ve no’ tae worry because under this plan you’ll get the least worst outcome. Think about it. How mental is that?

The bit that really got me though about this article, that really stuck in my throat, returning to my earlier comment that the people of Scotland don’t exist in the eyes of those that govern them, was the missing sentence from a paragraph referring to the First Minister of Scotland’s views about Theresa May’s Brexit plan which reads “ Ms Sturgeon, who wants the UK to remain permanently in the single market and customs union and has backed calls for another referendum on the Brexit terms, has said the SNP’s 35 MPs at Westminster will vote against the deal on 11 December.”

The missing sentence, the factual context which would have informed any reader of the article as to why the First Minister of Scotland has an opposing view to that of the British government, should have been, of course ‘ The people of Scotland voted overwhelmingly in favour of remaining in the European Union by a margin of 62% to 38%.’ Was it there? No. Not a sniff of a mention, you are not important.

The reasons why Scotland should return to its rightful, and normal, state of being a self-governing independent country are many, but being considered invisible must be high up the list I would think.