Lloyds Banking Share Discussion Threads

[xxxxxy] 09/6/2019 10:37

It's not the drugs. But it is the Snake.

[careful] 09/6/2019 10:30

It must be Boris, then we hope he grows into the job.
He must change and grow up after he gets the job, he has potential.

He must first win the competition and will say anything he needs to win.
We should not take anything he says seriously in the next few weeks.

[excell1] 09/6/2019 10:25

It's Boris or Raab for me,Grove carry's too much back-stabbing history.

[grahamite2] 09/6/2019 09:59

That's in Zinoviev letter class in my view.

[maxk] 09/6/2019 09:41

Labour plans to bring in a 10-hour week and slash pay by up to 75 per cent under radical scheme to tackle climate change


Autonomy think-tank called for 'rapid, far-reaching and unprecedented changes'

Shadow Chancellor John McDonnell called it a 'vital contribution' to the debate

Backed by adviser to Treasury minister Clive Lewis, who said: 'I like this take a lot'


By RORY TINGLE FOR MAILONLINE

PUBLISHED: 08:37, 9 June 2019 | UPDATED: 08:37, 9 June 201



Brits could work for just 10 hours a week and take home up to 75 per cent less pay under a radical scheme to tackle climate change being discussed by Labour.

The report by the Autonomy think-tank called for 'rapid, far-reaching and unprecedented changes in all aspects of society' to cut carbon emissions, including dramatically limiting how long people spend at work.

Shadow Chancellor John McDonnell said of the document: 'This is a vital contribution to the growing debate around free time and reducing the working week.'



More lunacy here:

[maxk] 09/6/2019 09:15

Leadsom's probably waiting to do the same as she did last time.

[careful] 09/6/2019 09:14

Just read in the Sunday Times that Farage banks at Coutts.

So this ex public schoolboy, always slagging off the elite, uses the toffs bank.
He is very funny, he made me smile.

[diku] 09/6/2019 09:14

From the media...



Boris Johnson has set his sights on the prize after claiming only he can see off both Nigel Farage and Jeremy Corbyn as he urged Tory MPs and party members to make him their next leader and prime minister.

The leadership campaign frontrunner, who is up against the likes of Michael Gove, Jeremy Hunt and Dominic Raab, has claimed he would refuse to pay the promised £39bn to the European Union unless better Brexit terms are on offer.

He added that he would step up preparations to counter no-deal "disruption", and told the Sunday Times that he could defeat the twin threat posed by the Brexit Party and Labour leaders.

Comparing them to the sea monsters from Greek mythology which troubled Odysseus, he said: "I truly believe only I can steer the country between the Scylla and Charybdis of Corbyn and Farage and on to calmer water.

[grahamite2] 09/6/2019 09:12

Mrs Leadsom won't be a candidate any more by Tuesday. We can happily ignore anything she has to say.

You really have to wonder why she hasn't already withdrawn, like those two other no-hopers.

[maxk] 09/6/2019 08:55

Tory leadership candidates pledge new deal for students







Patrick Sawer, senior news reporter Edward Malnick, sunday political editor
9 JUNE 2019 • 6:00AM



Two of the Conservative Party’s leadership candidates have pledged to introduce a new deal for students as part of their manifestos.

Jeremy Hunt and Andrea Leadsom say it is time to tackle the tuition fee loans system to reduce the debt burden being placed on students when they leave full time education.

Mr Hunt, the Foreign Secretary, has pledged to Slash unfair rates of interest on tuition fee debt and provide more support for young entrepreneurs.

Vying for the youth vote Mrs Leadsom says she will overhaul the current tuition fees system and expand it to include apprenticeships.



More:

[patientcapital] 09/6/2019 08:08

Bless you :)

[xxxxxy] 09/6/2019 08:08

Dear energy fuels de industrialisation in the UK

By JOHNREDWOOD | Published: JUNE 9, 2019

Much of industry needs plentiful supplies of low cost energy. Industry is about transforming basic materials taken from the earth into materials, and then cutting, shaping and assembling these into manufactured goods. Transformation of silica into glass or iron ore into steel or oil into plastic requires very large amounts of heat energy. Creating components and final products from materials requires substantial energy to cut, shape, bend, bolt, glue and assemble.

The UK following EU rules and guidance has decided on a dear energy policy. Unsurprisingly this has triggered de industrialisation. The government says it has an industrial strategy, but its energy policy makes it more and more likely that industry will gravitate to cheap energy USA or lower cost China than stay at home. In the name of decarbonising our industry we will end up importing more industrial products from countries that burn as much or more carbon per unit of output but at cheaper prices. We have already lost most of our aluminium industry from this problem, and seen a big reduction in our steel industry and petrochemical capacity.

Let’s take the current case of the steel industry.



British Steel made a profit of £92m to March 2017, and a loss of £29m to March 2018. Losses have probably got worse since March 2018. Turnover rose in the year 2017-18. The main problems were



The crippling costs of the EU carbon permits scheme. BSC had to find more than 10% of turnover for this item alone, leading to a UK government loan to cover the £120 m carbon tax.
Dear energy costs, with UK electricity substantially dearer than US electricity thanks to the EU/UK energy policy
Intense competition lowering steel prices in Europe, as countries like China diverted steel away from the US market following tariff impositions there. Prices fell around 15%.
High cost of debt finance introduced by rescue company Greybull who took the company over for £1 in 2016


The business is being offered for sale in whole or parts by the Receiver with bids closing 12 June.



Possible solutions

The business needs cheaper energy one way or another. It needs assistance to counter the high costs of the carbon tax, if we are to use energy here to make steel instead of import it. There will be some kind of refinancing with a probable reduction in debt service costs as a result of the Administration. It can work at more sales of specialist steels with higher value added, as they seek to do, and can ask for more sensible help in gaining UK domestic orders for the their rail and construction steel products. Many of the solutions needed to help them require permissions within EU rules over contracts, competition, and subsidies, or are simply illegal.



The single biggest cause of the financial collapse of this business is the huge energy bill from dear energy combined with carbon permits. I have always urged the EU and UK government to understand dear energy means de industrialisation, but they refuse to listen.



The company owns some crucial plants – 4 blast furnaces, a Basic Oxygen facility, 4 casters and 3 mills.

I used to be responsible for Darlington Simpson rolling mills (not a BSC facility)) to make long and flat product so I have past working knowledge of part of the industry.

[grahamite2] 09/6/2019 08:07

If Boris has convinced Steve Baker that he's serious about leaving on the 31st come what may, there's no more to be said. Boris it has got to be.

[bargainbob] 09/6/2019 07:48

So, almost as surprising a revelation as the fact that the morn’s mornin’ comes before the morn’s eftirnin it may be, but the fact that several of the contestants in the cringeworthy bunfight tae replace the disco-dancing-diva of Downing Street in the big ejector seat in the cabinet office have been indulging in mind altering substances really doesn’t help when it comes to any hope of somebody somewhere unravelling the puzzle which is Brexit.

Wee Mikey Gove apparently was so chinged up during his time as a journalist that his accent changed, it’s powerful stuff indeed!

They’ve aw been at it. Marajiwana, poppies, Ovaltine, and bizarrely, in Jeremy rhyming slang’s case, sharing a cannabis drink wae a dug whilst filming an episode of ‘Lassie come home’.

The kid-on-buffoon that will be the worst Prime Minister in memory (and that is saying something) thinks he might have snorted coke but he’s no’ sure, it may have been Pepsi Max.

Never mind, auntie Beeb will tidy all of that up for you. There there. A couple of days and it will all ‘blow’ over.

Imagine, just for one moment, if that had been Nicola Sturgeon. My goodness we would never hear the end of if. As it is we are set to be Natalie McGarry-ied until we’re blue in the face or Alex Salmond has another court date.

I think the various media outlets of union propaganda had a wee quiet competition going amongst themselves to see who could the letters SNP the earliest into a sentence containing the name of the now disgraced former MP this week. As usual on planet Britannia anything that can be used to undermine a threat to the British state in the eyes of the public must be taken advantage of.

Meanwhile the latterly greetin’ faced former Prime Minister, sorry for herself, she who declared early on that Scotland was so high up her priorities that she made Edinburgh her first port of call as Premier, before entirely ignoring,disregarding and disrespecting the democratic will of the place for her entire time in charge, goes off to blissful life of luxury with no responsibilities at all, kind of like she’s been doing for the last three years.

For the people of Scotland nothing will improve under any of these characters set to replace May, and the sycophantic flip-flopping acolytes who will continue to do their seedy work for them, the ones with principles which can be changed if you don’t like them (they have others) Ruth Davidson and the Viceroy of Joy,Mundell.

Westminster has severely limited the potential of the people of Scotland to thrive for many years, whilst taking a huge advantage of Scotland’s natural resources, discrete world-acknowledged branded export goods and innovation. They are soon to limit that potential, through Brexit, to the point of creating an economic depression.

Independence now. There is no credible basis to continue in a political union with this lot. The alternative to self- government now does not bear thinking about.

[xxxxxy] 08/6/2019 22:52

Lets


Get OUT of the EUSSR


LEAVE and WTO

[xxxxxy] 08/6/2019 22:52

Boris. for. PM

[xxxxxy] 08/6/2019 22:51

And.

Germany braced for catastrophic Trump auto tariffs - which could create a perfect storm for Europe

[xxxxxy] 08/6/2019 22:47

No renegotiation in prospect with EU
By JOHNREDWOOD | Published: JUNE 8, 2019
Mr Barnier has warned Conservative leadership hopefuls there will be no re opening of the Withdrawal Treaty. He says the choice is sign that Treaty or leave without it.

It confirms my view that MPs should not vote for leadership candidates who offer a renegotiation to seek an amended and less damaging version of the Withdrawal Treaty whilst ruling out or disliking simply leaving. The EU has said they would be wasting their time. They need to re think their prospectus to MPs.

Several of the long list of possible candidates are struggling to get 8 MPs to support their Nomination as now required, so there is likely to be a shorter list of candidates following close of Nominations on Monday.

[minerve 2] 08/6/2019 22:29

Promised you a miracle

[maxk] 08/6/2019 20:22

Rory and the tory dream team ..