Lloyds Banking Share Discussion Threads

[k38] 06/3/2019 01:49

"There is a slowdown, no doubts.Italy's economy is officially in a recession, but the chief financial officer of what investors view as one of the country's safest banks is anticipating that lending activity will pick up in the second half of 2019. The environment has not been favorable to investments," the CFO Stefano Del Puntasaid. "There has been basically a total stop of some part of the production in Germany due to the new regulations on diesel engines." German cities last year began introducing regulations, banning vehicles running on diesel, as part of a plan to improve air quality.That has spilled over into Italy, which is a large provider of parts to German auto makers. "The value chain is very integrated in the euro area," he said.Meanwhile, he acknowledged that a no-deal Brexit, where no trade pact between Britain and the EU is struck before a March 29 deadline, would hit Europe's economy but said that the effect on Italy would likely be minor.

[k38] 06/3/2019 01:34

Here's why investors remain uneasy about Italy's banks and the 'doom loop'By William WattsPublished: Oct 9, 2018Italy's banks remain a source of heartburn for investors more than five years after the worst days of the eurozone debt crisis sparked fears that a so-called doom loop between sharply rising government bond yields and troubled lenders could trigger wider financial chaos.That's in part because Italian banks, while making progress toward cleaning up their balance sheets, continue to add to holdings of sovereign debt-meaning that in times of crisis the doom loop swings back into action.

[k38] 06/3/2019 00:04

Minerve I believe this is the second time you post thesame noncence. The Q is, Does the punishment fit the crime? No !!
Name and shame, make them pay heavy for their crimes and see how fast you solve the problem.

[minerve 2] 05/3/2019 23:41

I would put a few £ sterling on that short! ROFLMAO!

[minerve 2] 05/3/2019 23:39

Soros will soon be irrelevant. Don't worry about him.

Grim Reaper is shorting his life! ROFLMAO!

[minerve 2] 05/3/2019 23:24

Over 700 youth centres have closed over the last year or so through lack of funding. Reported on C4 news. Then they wonder why youth gets attracted into crime. The Tory government is rotten to the core.

Those that keep these fools and charlatans in power should be executed IMO.

[xxxxxy] 05/3/2019 23:16

How joining the EU led to a big decline in UK industry
By JOHNREDWOOD | Published: JUNE 16, 2016
There are also crucial issues to understand about how the asymmetric single market did damage to Uk industry. When we joined the EEC, now the EU, in 1973, more barriers to trade had been pulled down in manufacturing than in services. EU rules were often such that UK industry was badly damaged by the shock of joining and the continued shock of staying in as the rules increased and tightened.
When the UK joined the EU we had a 45 million tonnes a year steel industry. Today we are battling to save an 11 million tonnes industry.
When we joined the EU we had a 400,000 tonnes a year aluminium industry. Today we have just 43,000 tonnes of capacity left.
When we joined the EU we had 20 million tonnes of cement capacity. Today we have 12 million tonnes.
Just before we joined the EEC in 1971 we had a 1 million tonnes a year fishing industry. Today we have 600,000 tonnes.
The October 2013 government “Future of Manufacturing” Report shows that between 1951 and 1973 metals output rose 3% a year. Since joining the EEC/EU it has declined by more than 6%
Between 1951 and 1973 food and drink output rose by 5.6% per year. Since joining the EEC/EU it has fallen by 1% a year.
Between 1951 and 1973 textiles output expanded at 2.6% a year. Since joining the EEC/EU it has fallen by more than 6% a year.
Whilst it may not be fair to blame all this decline on membership of the EU, as there are other factors, it nonetheless shows categorically that joining the EU and helping create the so called single market has not helped us grow and has not saved many of our industries from decline.
In some cases EU policies are the main driver of the disaster. The Common Fishing Policy is clearly the main reason for the dreadful decline of our fishing industry, as many foreign vessels were licenced to take our fish. Our energy intensive businesses were often damaged by the high energy prices required by the EU common energy policy.
The EU has prevented UK subsidy of industry under its state aids rules, but has often provided subsidised loans and grants to businesses to set up elsewhere in the EU. The UK has seen a spate of factory closures balanced by new and expanded facilities in poorer EU countries. The UK lost van production to Turkey, car capacity to Slovakia, chocolate to Poland, domestic appliances to the Netherlands and the Czech Republic and metal containers to Poland amongst others in recent years. In various cases there was an EU grant or loan involved in the new capacity.
Looking at our huge balance of payments deficit today in goods with the rest of the EU, we can see the long term impact of the EU’s damage to our manufacturing capacity.
This April’s balance of payments figures show us in heavy deficit in machinery, vehicles, electrical machinery, mineral fuels, plastics, iron and steel, wood and clothing. Last year our total goods trade deficit hit £85 billion with the rest of the EU. Between 2008 and 2015 our exports grew at 5% with the rest of the world, whilst falling with the EU.
Perhaps remain might like to answer the following questions:
Why have we suffered industrial decline and closures with production shifting elsewhere in Europe since joining the EEC?
Why do trade in surplus with the rest of the world but have such a huge deficit with the EU?
Why have we ended up importing fish, electricity, steel and much else when we used to self sufficient?

[k38] 05/3/2019 23:09

The BBC was created as a government funded TV channel when there were very few other options. Today, with hundreds of alternative channels, the BBC is not needed.BBC should be self funded like all other TV channels.By stopping the scaremongering and giving all the facts to the people, for and against.. 99% of them would vote for Brexit. At least here, by posting facts I am sure some remainers (except Minerve) have change their minds about the real EU.

[xxxxxy] 05/3/2019 22:50

The RAPE of DEMOCRACY by The Elite
Conservatives joining with Labour. Anyone vote for that?

17+ million did VOTE to LEAVE. 

The Rape of Democracy is occurring by some in the Conservative and Labour Party participating in this treachery.

Unforgivable and the people will remember.

The Parliament of Shame.
And the Conservative Party will soon be known as The Quisling Party
Conservative Party RIP  

[minerve 2] 05/3/2019 22:41

Reference stonedyou:

Okay, I know this is an emotional moment for all of us, okay? I know that. But let's not make snap judgments, please. This is clearly... clearly an important species we're dealing with and I don't think that you or I, or *anybody*, has the right to arbitrarily exterminate him.

[k38] 05/3/2019 22:36

TM should never have been a PM never mind negotiating Brexit. She will be known as the one who turn UK to a colony !!

[stonedyou] 05/3/2019 22:24

Now who as stated that the "HATED EU" was good for The Great British Isles.....



"The then Labour MP went on to list government figures, which stated that in the

Midlands, Merseyside, in Scotland and else where the Common Market membership had

been a disaster, and costed the country half a million jobs."



EU DECEPTION: How politicians CONSPIRED to keep truth about Brussels AWAY from people'

POLITICIANS in favour of EU integration conspired to keep Brussels real plan away from people as they knew that the citizens of European nations would "never accept it and willingly surrender their freedoms to a superstate, a documentary claims.


Prime Minister Theresa May is heading to Brussels today, hoping to reopen negotiations over her Withdrawal Agreement and convince EU chiefs that legally binding changes to the Irish backstop are the only way to stop the UK quitting the bloc without a deal. However, according to officials, Mrs May will leave Brussels empty-handed and is braced for a flat refusal from European President Jean-Claude Juncker, European Council President Donald Tusk and other EU figures. Last week, former Brexit minister Dominic Raab suggested that the reason behind the EUs intransigence is that Brussels wants to use the Irish backstop issue to keep the UK closely aligned to the bloc after Brexit.


Mr Raab said: I think there are certainly some in Dublin, some in Northern Ireland and certainly in the Commission who have seen this as an opportunity to choose the high-level alignment approach to the backstop to control the UK after Brexit.

However, it is not the first time that the EU and pro-European politicians have been accused of lacking transparency and hiding “ulterior motives.

In 2003 documentary The Real Face of the European Union, journalist Philip Day claimed that the politicians who took European nations into the bloc deceived their citizens and "conspired" to keep the truth hidden.

Mr Day said: Only in 1994, Chancellor Khols foreign policy spokesman, speaking on behalf of the ruling party of Europes dominant nation, Germany, clearly revealed the true plan.

"The plan is to create a federal European superstate and, into it, will be merged up to 25 ancient European nations including our own.


This new country called Europe will have one parliament, one government, one court of justice, one currency, one flag and one anthem.


"That has been the plan all along but those who favoured it knew that people of Europe would never accept it.

"They would never willingly surrendered their freedoms to become just a province in a vast European superstate. So what did they politicians do?

"They conspired to keep the truth from the people.

It was British Prime Minister Edward Heath who successfully negotiated the UKs entry with France's new head Georges Pompidou and took Britain into the EEC what is now the EU on January 1, 1973.

In 1975, Labour MP Tony Benn was campaigning against the United Kingdom's continued membership of the European Community and accused Mr Heath of deceiving the British public and making false promises about Brussels.

He said: Before we entered the Common Market, we were told by Mr Heath that it would be a bigger market.


It would improve our trade with that bigger market.

It would lead to a boost in investment as a result of that bigger market.

It would create jobs for our people and would benefit the regions.

Now we have had some experience of two and a half years in and what they show is this."

The then Labour MP went on to list government figures, which stated that in the Midlands, Merseyside, in Scotland and elsewhere the Common Market membership had been a disaster, and costed the country half a million jobs.

[willoicc] 05/3/2019 22:13

I wonder how the City will react when the EU imposes the Tobin tax if we are stupid enough to sign up to the Withdrawal Capitulation.

[k38] 05/3/2019 22:13

The political crisis in EuropeOn the political front, the Franco-German axis that has driven the EU since the 1950s is weakening. Angela Merkel's power in Germany is draining away as a result of her mishandling of the 2015 refugee crisis which is costing Europe hundreds of billions of euros. In France, Emmanuel Macron's attempts to reform the bloated welfare state have floundered as a result of a few thousand yellow vest protestors. Eurosceptic parties are growing in strength in virtually every member state, further weakening the axis. The openly illiberal democracies of eastern Europe are equally openly flouting EU laws.(I just love this part)Even strong supporters of the European Project like George Soros are saying that the EU now looks like the Soviet Union in 1991 on the verge of collapse – on account of the 'practical impossibility of treaty change and the lack of legal tools for disciplining member states that violate the principles on which the EU was founded'.However, this is slowly developing problem for Europe – and you're not going to lose sleep over this, not tonight at least. Nevertheless, the EU will be losing sleep a lot sooner if the UK leaves without paying the £39bn divorce bill. Gunther Oettinger, the European Commission (EC)'s finance chief, has warned that other member states will face a significant increase in contributions and that Germany will refuse to make up the shortfall alone.

[minerve 2] 05/3/2019 22:02

WBecki

I have no admiration for Soros. I wish the old fart would kick the bucket.

[k38] 05/3/2019 22:01

The Withdrawal Agreement makes the UK a non-voting colony that will be drained of its assets to save our new colonial masters' financial system and then to finance their imperial ambitions. The capital markets in the City of London, our banks, building societies and pension funds, collectively, these are three times the size of the other countries in Europe – Canary Wharf alone does more financial services business than the rest of the EU combined. Powerful voices in the EU would like to rescue their banking system by imposing a 'financial transactions tax' every time a transaction takes place – this would be collected by the EC in Brussels. Three times more would be raised from us than from customers on the whole European continent. The tax per transaction would be small, so it would not be immediately obvious what is happening. But these small taxes add up and they would be used to bail out Italian, Spanish, French and German banks – with your hard-earned savings.