Lloyds Banking Share Discussion Threads

[xxxxxy] 18/2/2019 19:47

Does Japan pay 39 billion to trade.

The EUSSR is using the soft UK as a Treasure House to rob.


LEAVE and WTO

[alphorn] 18/2/2019 18:35

"we are a vital organ"

I shall let Minerve do the honours with a reply. ;)

[k38] 18/2/2019 18:33

The UK will be under pressure to replicate the European Union's trade deal with Japan if it wants to protect thousands of jobs at car companies like Nissan and Honda, analysts have suggested.But the car companies' operations across national borders within the bloc could be hampered by Brexit, another experts said.

[jacko07] 18/2/2019 18:30

The UK will be in clover post Brexit and we also won't be putting tariffs on cars manufactured in Japan, so the Nissan, Honda and Toyota, Lexus, Mitsubuishi will possibly be a lot chaeper than European cars.

All of the stories about our demise are nonsense, we are a vital organ in Europe, remove us and expect Japan, the US or any other country to fill the void is as crazy as those who told us we would be doomed if we didn't adopt the Euro.

New car sales are at worldwide lows, it is odds on we will get the usual doom mongers blaming Brexit, that is to be expected.

The World is changing, we have a golden opportunity. Thank your lucky stars we never adopted the Euro and pray that we leave the sinking ship on March 29th.

[newbank] 18/2/2019 18:25

Min,

Wishful thinking Chelsea beating Man U :)

[k38] 18/2/2019 18:24

https://www.independent.co.uk/news/business/japan-trade-deal-brexit-uk-car-manufacturing-european-union-nissan-honda-a8452091.html

[minerve] 18/2/2019 18:15

Look forward to C4 news tonight for entertainment then over to BBC1 to watch Chelsea beat ManUre in the FA Cup.

[minerve] 18/2/2019 18:13

Nevermind they can all go and work for that fantastic employer Mike Ashley - a great visionary, or the other oracle Tim Martin. ROFLMAO!

[careful] 18/2/2019 18:10

EU. trade deal with Japan contributing to Toyota closure.
They have been pleading at the highest levels about the dangers of Brexit since 2016.
Fell on deaf ears.
There are other factors but if you think it is just project fear you are in denial.

See Redwoods ignorant post above.
JRM and Redwood do not care about normal working people.

[minerve] 18/2/2019 18:03

The Brexit quartet. LOL

[alphorn] 18/2/2019 17:59

Most of the posts have a common theme - it is never what is seems and always someone else's fault.
Yes, it was the iceberg's fault - nothing to do with the Titanic's crew.

[grahamite2] 18/2/2019 17:59

m4rtinu 18 Feb '19 - 16:56 - 246683 of 246688

Labour really have to take some quick and strict action against anti-Semitism.

They can't and they've made it very clear they won't.

Anti-Semitism is in the DNA of the far left. And it's plain it's not a high priority for the leader of the Party - look at the case of Ken Livingstone.

[purplepanther] 18/2/2019 17:32

Nice to see the good people of Swindon getting what they voted for (54.7% leave in the referendum)

[xxxxxy] 18/2/2019 17:12

LEAVE and WTO

And save 39 billion.

And let the EUSSR do its own defence.

Merkel wants an European Army to confront Russia. Another try maybe. Do not involve the UK. It was Germany that slaughtered and slaughtered - about 30 million Russians.

Germany always want to HURT as Merkel has said recently about the UK. And wanting a special place in HELL for some. So endeth Democracy at the hands of the EUSSR.

LEAVE and WTO

[xxxxxy] 18/2/2019 17:00

The curious case of the car industry
By JOHNREDWOOD | Published: DECEMBER 16, 2018
Day after day I hear scare stories on the media that the UK car industry may suffer if some undefined friction were created at our ports impeding the inflow of components after we have left the EU. I have proposed no tariffs on any parts coming in, so there would be less friction on non EU parts than today, and the government may well adopt such a proposal. They have certainly not ruled it out. No-one has yet explained why we will mess up our ports in ways which delay deliveries to car plants. Just in Time systems anyway flex according to how far the components come and the journey conditions they experience in the regular course of business.

What I do not hear is analysis and concern about the very real damage being done to our car industry whilst we remain full members of the EU. The collapse in car sales since the Spring of 2017 has nothing to do with Brexit and everything to do with the high Vehicle Excise Duties, the tax and other regulatory attacks on diesel cars, and the tough guidance to banks to cut down the car loans imposed by the UK authorities. As a result car sales have fallen by almost one quarter, and car sales by Jaguar Land Rover have been hit much harder given the high proportion of expensive cars and of diesels in their mix.

Why doesn’t the media take up these unhelpful policies, and make more of them than the silly scare stories about why might happen if we just leave the EU?

It would also be good to have more informed comment and discussion of a real economic problem worldwide, rather than the false worries about Brexit. The rest of the world is talking about the general move to slow money and credit growth in the USA, the Eurozone and China as well as in the UK. Car sales are very dependent on credit and get hurt early on when rates rises or when cash is restricted in banking systems. Car sales in China fell heavily last month. US car sales peaked earlier this year and are also in decline. The German car industry got hit badly this autumn. It was largely attributed to changes in EU regulations delaying certification and sales of new vehicles, but it is probably also about the turning of the credit cycle and the decline in underlying demand in the world car market.

I have often said that whilst Brexit is a very important political and democratic event for the UK, it is unlikely to have much impact on the world economy, and will have just a modest positive impact on the UK economy once we leave if the government follows sensible policies. We should try to prevent endless scare stories and the Groundhog day coverage that is the current UK media from stifling debate on the things that do have an economic impact. The media should be expressing some alarm about what monetary tightening is now doing to the world car industry. There is no obvious inflation threat in the advanced world, and clear signs of economic slowdown.

[minerve] 18/2/2019 16:59

Everyone knows that the car industry faces problems but when executives have to reposition their pawns on the chessboard Brexit isn't going to help matters at all. If there is a high chance of any tariffs down through the supply chain right through to customers than they will attempt to remove that to remain competitive whilst at the same time keeping shipping and transportation charges as low as possible.

When are the Brexit chimps going to realise this. The UK car industry will be dead in a decade if we have a Hard-Brexit and nothing is done to assuage the concerns of the executives.

Bye bye Sunderland, bye bye Swindon. 👋👋👋👋8075;👋Ԁ75;👋👋;👋👋

[poikka] 18/2/2019 16:59

Ladeside - "Granted, for us in the UK the 30%+ increase over the past few years is without doubt due to Brexit and the weakening of sterling."

Eh, wot! Sterling down from 1.45 to 1.28 doesn't make 30% to me, nor down from 1.48 over 4 years.

[xxxxxy] 18/2/2019 16:55

The Brexit Party





Pass it on

[xxxxxy] 18/2/2019 16:52

Theresa May is secretly seeking an EU customs union – my general theory of Brexit

[xxxxxy] 18/2/2019 16:48

Peter Wood
Posted February 18, 2019 at 5:29 am | Permalink
Good morning,

Apologies Sir John, off topic, but Mrs. May’s letter to you and Tory MP’s has my blood boiling!

Mrs. May’s next attempt to deceive Parliament?

We are hearing that the government is seeking an ‘alternative way’ to resolving the unacceptable Backstop provisions in the WA, and that the eminent Mr. Cox is being brought in to advise on the legality/efficacy of any such alternative, to that of removing the Backstop from the WA altogether. Well, what is the purpose; to get Mr. Cox to stand up in Parliament and state that ‘in his opinion’ the Addendum, side-letter, codicil or whatever fudge May can obtain, is adequate protection for the UK and eliminates the Backstop problem. THAT WILL NOT DO. We should know by now that whenever there is any dispute about legal terms set in front of the ECJ, that could disadvantage the political EU, then the ECJ will rule in favour of the EU, that is it’s purpose.

The ONLY way to eliminate the risk of the Backstop is to remove it from the WA
.
Mrs. May’s letter to MP’s is cynical, hypocritical and disingenuous. Her ‘deal’ is NOT the best possible deal – it is worse than our current arrangements. Her approach to the EU has been wrong from the outset.

Reply
Lifelogic
Posted February 18, 2019 at 7:50 am | Permalink

Indeed as you say:- Mrs. May’s letter to MP’s is cynical, hypocritical and disingenuous. Her ‘deal’ is NOT the best possible deal – it is worse than our current arrangements. Her approach to the EU has been wrong from the outset.

Well this is what you get when you choose a remainer, a socialist and a disingenuous robotic dope as leader. This thanks to Gove’s knifing of Boris and the dire quality of many Tory MPs.

Yet still 200 Tory MPs still have confidence in tax and regulate to death dope it seems, but why?

[grahamite2] 18/2/2019 16:46

pooroldboy55 18 Feb '19 - 16:08 - 246672 of 246677
0 5 0
So when GM Close 5 factory's in the US do we blame Brexit?

No more ridiculous than the idea the Royal Family might be evacuated from London for fear of Brexit riots!

The remoaners have lost the plot completely.

[xxxxxy] 18/2/2019 16:45

The shackles of the single market and customs union

By JOHNREDWOOD | Published: FEBRUARY 18, 2019

Being the UK’s Single Market Minister during an intense period of EU legislating when they said they were “completing221;the single market turned me from a mild sceptic to a strong critic of the undemocratic approach of the EU. It was quite clear watching and listening to the EU officials during that period that their aim was to take more and more powers of self determination away from member states in the name of the single market. All you needed for a sigle market was the rule that a product of merchandisable quality in one country could be offered for sale in another with suitable labels.

They had a doctrine of the occupied field. Everytime they put forward a regulation or Directive in a new area it meant they established competence or power over that area. Quite often the first piece of legislation did little and was unexceptional. The reason was they merely wanted to capture the jurisdiction without at first using the power in ways that alarmed or upset. That came later, once competence was established.

My job was offen a negative one. The UK government wanted the single market, but also often wanted to resist bad or needless legislation in its name. It was also the case that often the draft regulation was based on a Franco German way of conducting business, and not on a UK way where that was different. I then had to argue for a change of draft to stop UK businesses being made to change their model or being declared illegal.

All this should worry the present government about the Withdrawal agreement. If the UK signed that as currently drafted there would be no UK vote, voice or veto on any law the EU wanted to pass in all the areas of its competence. That means that every business sector and company in the UK would face a prolonged period when the EU might deliberately or inadvertently legislate in ways that damaged their business models with us being unable to stop them.

Why don’t the UK business bodies raise this issue? Why don’t they raise the problems for our car industry created by the attack on diesels, car loans and the costs of purchase? UK industry has suffered from past EU regulations and taxes, and could be made to suffer more.

[poikka] 18/2/2019 16:38

"In a tweet, Mr Tomlinson {local tory MP) said: "Honda are clear this is based on global trends and not Brexit, as all European market production will consolidate in Japan in 2021."

The car industry has also been struggling with falling demand in China and a slowdown in diesel sales.

Honda's Swindon plant produces both VTEC turbo petrol engines and diesel i-DTEC engines.

But according to Sky, Brexit is understood to be one factor in the decision, with the carmaker concerned about the imposition of new tariffs after the UK leaves the EU."

Actually, that's rubbish cos they only had to wait a few months for the situation to clarify. Not worth trying to explain to ladyside and bob and Minnie and co.

Gonna keep their European HQ in the UK. I say, that's a bit risky.