Lloyds Banking Share Discussion Threads

[xxxxxy] 21/2/2019 19:31

Negotiations and timetable

Power to start negotiations rests solely with the EU. Once the WA is ratified, the EU can take as long as it likes to start talks and string them out for as long as it wants. As the UK will be locked either into a transition period or the backstop, it can only influence progress by agreeing to the EU’s terms. The UK has already surrendered its leverage in the negotiations.

Progress to be benchmarked to steps to remove the need for a hard border in Ireland. This establishes a direct link between leaving the backstop and agreeing a deal, thus reinforcing the fact that most of this declaration (all “should”, “must”, “will” not “may” or “might”) is already non-negotiable.
There is no cut off point if agreement cannot be reached. A six-monthly review of talks does not suggest that progress will be anything.





Be aware and SPREAD INFO.



So it is LEAVE and WTO

[xxxxxy] 21/2/2019 19:26

Long. But worth a read. Bedtime stuff

Extending Article 50: what will be the price?

First, the EU collectively is unlikely to agree to any Article 50 extension unless there is a clear purpose to it, other than just buying time for yet more turmoil and negotiation. Secondly, as mentioned already, the EU will be very reluctant to indeed to agree any extension beyond 2 July 2019 because of the consequences for the European Parliament elections.

But thirdly, quite apart from what the EU as a whole may have concerns about, each individual Member State may have demands of its own.

As reported in the Financial Times on 1 February 2019, “The Spanish are gearing up for a Gibraltar fight when there is an extension request,” said one senior EU diplomat. “It could be dangerous.”

So taking advantage of the UK’s moment of weakness when it supplicates for an Article 50 extension, and taking the chance to lock in the EU’s legal entitlement to this enhanced sum come what may, would be quite the logical thing for Germany to insist on.

This illustrates a wider point about any application to extend Article 50. By asking for a favour when up against the clock, the UK would once again put itself in a very weak negotiating position, where it would be subject to being blackmailed for further concessions. It would also let the EU off the hook and remove the negotiation pressure on the EU to revise the terms of the Withdrawal Agreement. Asking for an Article 50 extension would be a terrible, terrible idea.




It is not going to happen.

[k38] 21/2/2019 18:50

"Must be an extra bad day at the care home."I don't know. I haven't spoken to Jacko today.lol....

[minerve] 21/2/2019 18:05

Poikka

Yes, differences of opinion will surface but they seem a progressive bunch of centrists that will reach compromise. Something the neanderthals in the left and right parties don't seem to understand.

"Must be an extra bad day at the care home."

I don't know. I haven't spoken to Jacko today.

[shy tott] 21/2/2019 18:04

That's one less chimp on the planet …. rip Pete Tork

[poikka] 21/2/2019 18:01

Minerve - "Unlike Labour and the Tories then!

Honestly, stupid comment."

Basic principle of political belief, Minerve. Sure there'll always be differences within parties, but within the so-called Independent Group there'll be those fundamental differences which will surface once the honeymoon period is over.

I thought that even Minerve would have understood that. Must be an extra bad day at the care home.

[xxxxxy] 21/2/2019 17:55

'Fiscal squeeze continues in UK
By JOHNREDWOOD | Published: FEBRUARY 21, 2019
Tax revenues were up by a massive 9.7% in January, creating a record surplus in a month where the government usually collects more money than it spends. Public borrowing is running 46% lower than last year and is on target to hit the Chancellor’s wish to cut it sharply.

Stamp Duty revenues are down for the year so far and down in January, reflecting the continuing impact of higher rates. The government should cut the rates to help the market and would then collect more cash from this source.

Income tax revenue was particularly strong.

The government is squeezing the economy too much and could do with some cuts in tax rates to promote growth. The right tax cuts would also boost revenue. Property taxes including business rates are particularly damaging at a time when we need to see more redevelopment and change of use as the digital revolution sweeps through our High Streets and industrial parks.

State debt as a percentage of GDP is falling, and now stands at 62% after deducting the debt the Bank of England has bought up '

And saving 39billion. Makes for interesting times.

[shy tott] 21/2/2019 17:43

Strange - he said he filtered me last night. No doubt just a lucky guess that I misspelt 'fourth' in that post. What a true superhero he is.

[shy tott] 21/2/2019 17:29

Junker keeps saying how disastrous for the eu a no deal Brexit would be. But aren't disasters such as that the things taken into account when negotiating? The problem is, the eu dictators are thrown off guard by some country not doing as it's told - they have no experience of what to do when that happens.

[prewar] 21/2/2019 17:27

Come on Minnie gotta start building bridges to folk....

On separate topic I heard Grayling was next to jump ship to the Independents, just one problem.

[minerve] 21/2/2019 17:21

Fourth 🙄

[shy tott] 21/2/2019 17:16

He was on his forth bottle and missed his mouth. Easy mistake to make.

[bargainbob] 21/2/2019 17:05

What a man , his comments on Anna are crass .

Then what do you expect from the missing link.

[xxxxxy] 21/2/2019 17:01

Juncker cut his face. Misjudgment.

LEAVE and WTO

[xxxxxy] 21/2/2019 16:59

The EUSSR is Animal Farm in our time.

LEAVE and WTO

[xxxxxy] 21/2/2019 16:58

EUSSR is FAECES

[xxxxxy] 21/2/2019 16:57

LEAVE and WTO

And save 39 billion

Let the EUSSR have its European Army and conflict with Russia. Germany killed 30 million Russians in WW2. It is the madness of the EUSSR.

LEAVE and WTO

[xxxxxy] 21/2/2019 16:57

LEAVE and WTO

And save 39 billion

Let the EUSSR have its European Army and conflict with Russia. Germany killed 30 million Russians in WW2. It is the madness of the EUSSR.

LEAVE and WTO

[ladeside] 21/2/2019 16:52

Damn Alphorn, that's one of our major partners that we're relying upon !!

[alphorn] 21/2/2019 16:49

Ladeside - there is a big problem with the Faroes.

"Faroe Islands to CLOSE for maintenance - but you can visit and get free accommodation if you're willing to help".

We can trade with them when they open up again perhaps. ;))

[alphorn] 21/2/2019 16:46

Corpbull - we hit them hard where it hurts


Cheshire Pete - Never succumb to blackmail or threats


So which one? You can't even unite on this thread.

[stonedyou] 21/2/2019 16:26

Shocking news!!.....the "HATED EU" keeps on failing......Good job we`re GOING!!!




Europe is BIGGEST THREAT to global economy: 'VICIOUS DEBT CRISIS' incoming,

experts warn



THE economic crisis engulfing the eurozone is threatening the growth of the global

economy, with the deepening struggles in Italy and Germany driving the bloc into a

debt disaster, experts have warned.



Last week, eurozone growth forecasts were slashed by the European Commission as

fears continue to intensify over the bloc's biggest economies. In its latest

quarterly forecasts, the Commission warned eurozone growth will slow to 1.3

percent this year from 1.9 percent in 2018. Growth is expected to rebound slightly

to 1.6 percent in 2020, but alarm bells will be ringing as the new estimates are

less optimistic than the Commission’s previous forecasts.


In November, Brussels said it expected eurozone growth to hit 1.9 percent this

year and 1.7 percent in 2020.

The Commission is also forecasting growth in a 27-nation European Union - without

Britain due to Brexit - to dramatically slow to 1.5 percent this year from 2.1

percent in 2018.

The recent gloomy forecasts have spooked investors, who fear the crisis dominating

the eurozone could drag down the global economy with it.

[ladeside] 21/2/2019 16:19

We've always got the stuffed Puffins from the Faroes to fall back on...........

[stonedyou] 21/2/2019 16:19

That`s why they are called "Remain drains".....they ain`t got a brain to use.....

They just flush out bile and waste matter......

Ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah.....