Lloyds Banking Share Discussion Threads

[alphorn] 29/5/2019 10:20

These new startups are changing the face of banking with speed and reducing charges and costs. I focussed last year on reducing bank charges by closing private bank accounts and changing the way I move funds. It saved around £5k pa which is worth having, especially as returns are falling.

Traditional banks will see their revenues under pressure.

[alphorn] 29/5/2019 10:16

………;……̷0;……R30;meanwhile on topic in the world of banking:

Plaid opening up in the UK; it already has a licence. Founded in 2012, San Francisco-based Plaid helps customers and banks transmit data back and forth. Already has a valuation of around $3 billion last year.

The startup allows digital finance companies, like PayPal Holdings Inc. or Betterment LLC, to more easily link with consumers’ existing bank accounts. The company currently works with more than 15,000 banks in the U.S. and Canada. The U.K. will be its first overseas expansion.

[mr.elbee] 29/5/2019 10:09

Raab…"Unlike most of his rivals, he was educated at state school. While reading law at Oxford he captained the karate club and boxed for the university"

A good pal for Vlad methinks.

But this alleged contest is finishing the Tory party for ever...……;.. people are seeing close up what massive character flaws most of these muppets have.

This should be all behind closed doors with the media twonks kept well away but the colossal vanity of some of these people beggars belief.

But my money is still on Raab............trouble is he wont have a party to lead!

[poikka] 29/5/2019 10:00

Malthouse and Cleverly, both with exaggerated ideas of their importance and significance. They're just going to delay the election by a few more days while they're voted out.

This is farcical.

[minerve 2] 29/5/2019 09:24

"Left school at 15"

And it shows, oh boy it does show!

LOL

No wonder you have an inferiority complex.

[maxk] 29/5/2019 08:59

My verdict on the runners and riders in the Tory leadership race


ALLISON PEARSON
28 MAY 2019 • 7:00PM







Have you thought about standing to be the next leader of the Conservative Party? Come along, Marjorie – everyone else has thrown their hat in the ring. Today, someone called Kit Malthouse became the tenth MP to put his name forward. What or who is Kit Malthouse? Sounds like a hot milky drink. Not inappropriate, I guess, given the complete and utter Horlicks that is the once-great Conservative and Unionist Party.

This is a serious contest in need of serious candidates. Tories are facing an extinction-level event. Three years after the referendum, The Brexit Party has convinced even the most loyal Conservatives to mutiny. Many are only hanging onto their membership cards to vote for the next leader...

[mikemichael2] 29/5/2019 08:27

You missed out Grimsby, 'how much for cash mate'

[alphorn] 29/5/2019 08:10

Report out this morning which may interest grahamite, the ostrich:

Eight out of the 10 jurisdictions whose systems received the highest scores for enabling tax avoidance are part of the UK network. These are the British Virgin Islands, Bermuda, the Cayman Islands, Turks and Caicos Islands, Anguilla, the Isle of Man, Jersey and Guernsey.


All about greed, exploitation and gangster capitalism.

[fatnacker] 29/5/2019 07:56

So you give the decision back to "the people" in another "advisory" referendum and then you still need (thanks Mrs Miller) to get that decision through parliament! errr

[xxxxxy] 29/5/2019 07:56

Nice buying times for LLOY.

Profits later.

[xxxxxy] 29/5/2019 07:55

LEAVE and WTO and MANY DEALS. Sounds good. And Freedom and Democracy. So GOOD.

[y1phr1] 29/5/2019 07:55

Looking good for 50p again, my entry point, once again.

[xxxxxy] 29/5/2019 07:54

A many deals but no Withdrawal Agreement Brexit can make us better off

By JOHNREDWOOD | Published: MAY 29, 2019

The government should announce a boost to the UK economy in the event of us leaving the EU soon without signing the Withdrawal Agreement . The public wants some sensible optimism about our economic prospects based on the opportunities Brexit presents. The aim of policy should be to ensure a growth rate a little higher in our first year as an independent country than the present estimated growth rate assuming we stay under EU rules and making EU payments for another year. The present government has been persistently gloomy about Brexit for no good reason, and got all its post Brexit vote forecasts wrong by being too downbeat. There are already deals on customs co-operation, transport and government procurement available for an early exit.




A number of leadership candidates have been kind enough to ask for my thoughts on the economic impact of Brexit and the current state of the UK economy. In the interests of fairness I thought it best to set them out on this public forum for those who are in practice interested.

The policy of a combined fiscal and monetary squeeze which the authorities have followed since the spring of 2017 has had the predictable effect of slowing the UK more than is desirable. Two interest rate rises, the ending of Quantitative Easing, the withdrawal of special facilities to encourage bank lending, advice against car loans and top end mortgages, the overshoot in deficit reduction last year through much higher tax revenues, the continued impact of the last Chancellor’s decision to slash buy to let investment through tax changes and increased Stamp Duty, and the decision to cut new car sales by a large hike in Vehicle Excise Duty have had a marked effect on the housing and car markets and more generally on demand and output.



The Treasury seem to think leaving soon would be an adverse shock to the UK economy. I think this is wrong. The Treasury has a habit of wildly inaccurate forecasts over the EU. They got the impact of the Exchange Rate Mechanism hopelessly wrong by failing to see the recession it would cause , and got the likely impact of voting to leave in the first place wrong by forecasting a recession with big job losses which did not happen. However, given that is the Treasury view, it means there is an even better case for taking some reflationary action in an exit budget. You should spend £20bn extra in 2019-20 on a mixture of higher public spending to improve public services, and tax cuts to promote business investment and growth. This would use up the £12bn saved on no more net contributions to the EU and offset some £8bn of unplanned additional fiscal tightening from increased tax revenues. The aim is not to borrow more but to reduce borrowing further as economic growth picks up and as tax revenues expand in response to lower tax rates which maximise revenue..



This would produce a 1% gain to UK output and incomes, all things being equal. It would offset any reduction in exports from moving to tariffs on product sold to the EU, which on a net basis should be considerably less than 1% of GDP. Any loss of exports to the EU from tariffs and other frictions would be also partially set off by the likelihood of substituting more home production, by cheaper imports from non EU replacing some of the large import bill we experience from the EU and by additional exports to non EU. If we assume we cut our external tariff to the rest of the world in ways which encourage more trade and reciprocation as we sign new trade deals the outcome will be better. A fiscal boost now of 1% of GDP should mean after all positive and negative effects of leaving our GDP will perform better in 2019-20 than if we stayed in. There would be a clear favourable confidence effect once we were out, with businesses able to make decisions knowing exactly what our trading and other arrangements are. We may well be able to agree trade talks with the EU to start on exit, which would allow them and us to avoid new tariffs and trade barriers under Article 24 of the GATT.



The government should reverse the damaging increases in vehicle Excise Duty and create a more favourable tax regime especially for clean and low emission vehicles. It should remove all VAT from green products to encourage everything from better heating controls to insulation. It should remove VAT from domestic heating fuel to tackle fuel poverty and cut inflation further. The UK has not been able to do this as members of the EU. It should take the rate of Stamp Duty down to the levels that applied prior to the 2016 budget, as the government has experienced disappointing receipts from the higher rates. They have hit turnover and therefore tax revenues by being too high. The government should review buy to let investment taxes to allow more investment in the sector. It should make a further reduction to business rates especially for shops given the problems on the High Street.



Spending priorities should include more money for schools, the police and social care. As I know from my experiences in the Wokingham and West Berkshire Council areas, the lowest financed parts of the country like ours are struggling with low budgets for these crucial services. We also need an accelerated programme of transport investment. The government has recently announced substantial extra sums for the NHS which is welcome but now needs careful direction to ensure the money is spent on the service improvements and the extra medical staff we need.



Many Leave voters see Brexit as a great opportunity. With the right budget the UK economy could perform better. Now is the time to stop the monetary and fiscal squeeze, to back private sector growth with the right tax cuts, and to back public sector service improvements and investment growth where it is needed. The sooner we have a stimulus budget based on the Brexit bonus the better. World economies are slowing. Now is a good time to give things a boost.

[xxxxxy] 29/5/2019 07:51

Above. Well said.

[stewart64] 29/5/2019 07:44

I think a lot of us ended up on here by figuring out how to be thrifty and accumulating excess from decades of hard work.

Able to food budget on what is starvation ration for your average obese socialist on benefits ( tick).
Left school at 15 without recourse to a £100,000 rite of passage lifestyle degree( ie. a degree in what most would consider common knowledge) (tick)
Never drew a penny off the State (tick)
Rejected the need to accumulate stuff and clutter (tick)
Probably cause less of a carbon footprint in 5 years than your average eco warrior on his travel around the world thing or the Caroline Lucas' of this world flying business class to climate conferences do in a year ( tick)

[cheshire pete] 29/5/2019 00:08

Minerve: #682:

Gold-laced pension ✔️
Nice savings in ISAs through privatisation of undervalued national assets ✔️
Full equity in privately owned property whose asset value has increased dramatically ✔️
No student debt ever ✔️
One job that paid more than enough ✔️
No previous experience of professional level business and international negotiation ✔️
Member of the golf club and/or local jive dancing class ✔️
Inferiority complex with respect to foreigners and successful people ✔️
Little or no higher qualifications and professional certification ✔️
Denies climate change because you can't read a graph properly ✔️
Flat Earther ✔️
Generally read tabloids but pretend to be intelligent by holding a broadsheet under your arm ✔️
Turkey who voted for Christmas ✔️

Congratulations, you are a Brexiter.

Wrong....Proud to be a Brexiteer but don't belong to a golf club lol.

[minerve 2] 28/5/2019 23:54

For those who are intelligent and are 'romantic' about science, environment, literature etc you might be interested in this:



Flat-Earthers and Knuckle-draggers don't bother. It is just a professor talking about the blue blob we live on and the other blobs in the sky. Don't worry about it. OK?

[minerve 2] 28/5/2019 23:15

Corbyn looks strong against the pack.

What a mess. Thanks Brexiters.

[minerve 2] 28/5/2019 23:14

Second Ref or GE is the only way. Tick tock.

The fact that there are so many popping out the woodwork to lead reflects the weakness of contenders IMO. If there was a strong obvious choice others wouldn't consider the risk of embarrassing themselves for no reason other than to lose.

[diku] 28/5/2019 23:06

3 months to PPI deadline Aug 2019...

[maxk] 28/5/2019 22:51

A long read, but not bad for an article that misses the point (but it is the Graun)