Lloyds Banking Share Discussion Threads

[cheshire pete] 11/7/2019 10:14

Weak pound makes our exports more competitive, especially where costs are mostly labour and domestically sourced materials.

[maxk] 11/7/2019 10:10

This thread is the Nu Guardian .. Infested with end of the world remainers.

[minerve 2] 11/7/2019 10:10

You can work as hard as you like but if you have no customers with the money to buy your product or service the tax rate makes FA difference.

[cheshire pete] 11/7/2019 10:04

Reduce taxation and tax revenues increase because people work harder if they know they'll keep more of their money and will be more entrepreneurial. Human nature Minerve. Everyone can see it except the socialists.

[minerve 2] 11/7/2019 10:02

The UK, 1st November 2019:

[minerve 2] 11/7/2019 09:57

Yes and Boris is going to reduce corporation tax which means less treasury receipts which means ability to pay debt reduces which means increased debt costs via rates. Corporations and business will NOT BE attracted to the UK on lower corporation tax alone, many other things need to be in place. Plus, these things take time to have effects. If the future fixed relationships are not defined for 2/3 years I cannot see large internationals wanting to start business here just because Boris has reduced rates. The other issue is that the corporates will still see lots of political risk for many years ahead and with the threat of Corbyn etc.. I cannot see any serious commitments to this country for many years. The ONLY large internationals that are committed to this country are incumbents already and are deep in the poo anyway. The only others are US internets that like gig economy - another bad sign.

[alphorn] 11/7/2019 09:53

diku - what counter reaction? All may be hunky dory and the GBP doubles in value? Lol

[diku] 11/7/2019 09:51

Lets see the counter reaction...

[alphorn] 11/7/2019 09:50

diku - nothing about project fear - wake up to the real world.

[careful] 11/7/2019 09:48

diku

the £ has collapsed, that is not fear it is fact.

[diku] 11/7/2019 09:47

Project fear mark2 has started...





Sir Richard Branson has warned the pound could plummet to the same value as the dollar if Britain leaves the EU without a deal.

The Virgin boss said crashing out without agreement could leave Britain “near bankrupt,” causing big losses at his UK companies and forcing them to shift investment out of the UK.

Branson told the BBC: “The pound was at $1.53 when the referendum took place. The pound today it is at $1.22, $1.23, and the pound will collapse to parity with the dollar if there is a hard Brexit.

[minerve 2] 11/7/2019 09:46

GUSS

"People with no understanding or interest in politics used to select an “expert” to figure things out and represent their best interest. A good idea, I think. But today we have social media where one wacko can influence the whole population with a bunch of lies at no cost"

Yes, this is the scariest thing which I encroached upon in a comment earlier in the week. Social media/networking has a lot to answer for.

[alphorn] 11/7/2019 09:46

There was an exchange of posts a few days ago about Boris' move to lower taxes etc. A point that I raised was about touching US global groups who are the main beneficiaries of these tax deals. Well today the US is to investigate French plan for tax on tech companies (the big US global groups). The move by the Trump administration comes as officials consider imposing retaliatory tariffs.
You will have great difficulty in beating the US (in effect) bullies in the real world.

[careful] 11/7/2019 09:45

If you can't see the danger of a collapsed currency there is no hope for you.

Yet why should the £ have fallen as it did immediately after the Brexit vote, and why would it fall even further still on no deal?

The fact that the £ is low is not project fear, it is simple fact. The money markets do not lie.

The economy has only slowed recently after the vote, but then most people forget that we are still full members with all of the benefits.

The stock market in uk based domestic shares has been hit very badly, but as we know many of the uk index are made up of large international $ earners, they have obviously done well when valued in £.
The stock market has not done so well when priced in $.

[guss] 11/7/2019 09:43

People with no understanding or interest in politics used to select an “expert” to figure things out and represent their best interest. A good idea, I think. But today we have social media where one wacko can influence the whole population with a bunch of lies at no cost.

Brexit has become the new religion, bereft of logic, facts or intelligence. People have acted strictly on faith and very few will change their position as you can never prove that an idea is wrong, regardless of outcome.

So Boris Trump, is going to do an Adolf and sack all those that disagree with him, then he will suspend Parliament and declare himself Emperor. Did you not see Star Wars? “I have a bad feeling about this”.

I wonder what the world will look like in five years. After Trump, after Boris. You see I am an optimist.

[minerve 2] 11/7/2019 09:32

This is where the idiot cheshire's plan of increased dividends from internationals as the £ falls doesn't hold. It depends. Besides there is no point getting increased dividends of Mickey Mouse money if you need real money to buy imported goods or travel abroad. Even if you are a hobbit like Cheshire, distribution, wholesale and retail will have to consume import costs at some point which mean even their home grown supplier produce will be more expensive and prices will rise. If everyone starts to buy home grown stuff - because it is cheaper - guess what is going to happen? Supply/demand folks.

Honestly, who let the chimps out?

[minerve 2] 11/7/2019 09:27

"Branson actually said, he thought the dollar and pound would hit parity and if that happened he would have to do less business in the UK, as his costs are in dollars."

Oh, that's OK then.

I wonder how many other companies have $ and € denominated debt?

I bet the chimps have no idea. I do, at least on my holdings. Minerve ALWAYS many steps ahead.

[hernando2] 11/7/2019 09:24

Branson actually said, he thought the dollar and pound would hit parity and if that happened he would have to do less business in the UK, as his costs are in dollars.

He did not say he would close down and Britain would be bankrupt...

Such are the lies that are posted

[minerve 2] 11/7/2019 09:22

"democracy is about the majority"

Is it about closing parliament?

As I have said, you should have to pass an exam to vote. That would exclude most Brexiters who are obviously short of a few grey cells. Every time I see them on TV they are always old farts in cuckoo land or earring wearing scumbags.

[minerve 2] 11/7/2019 09:20

Shy Tott

We trade with the EU big time and have done for decades. Other countries are not as reliant as we are. It makes sense to trade with your closest partners. I would have thought Trump's behaviour would concern you about US/UK trade relations. Basically, it is do as I say.

Boris and the Hard-Brexiters are going to put this country back over a decade. It is really sad that we have allowed people with little intelligence and the charlatans to decide the future of this country.

[shy tott] 11/7/2019 09:19

I think there are better examples of idiotic, completely illogical and hopeless views on this very board careful.

But democracy is about the majority with all equal, thick or thin, brainy or idiotic, and that's the way it should be. The alternatives are much worse by a google times.

Anyway, most people irrespective of their academic awards think of themselves as very bright. Look no further than minereve2 who thinks a back street welsh polytechnic produces the beast brains. Gigo i'm afraid, yet can he see it?

[minerve 2] 11/7/2019 09:17

Do the idiots on this thread actually read what they write?

[minerve 2] 11/7/2019 09:16

"As for Major, why should anyone take seriously someone unfaithful to his wife...."


Ooops.

[cheshire pete] 11/7/2019 09:14

The guy Darroch was/is a remainer. Why would you want to keep a remainer as Ambassador at a time when we're leaving the EU and trying to forge a trade deal with the US....even if he had good things to say about Trump, which he didn't?
Much hrumphing here but only from remainer types, like MP Duncan.

Boris needs to have a purge of remainer types from the cabinet, no.10 staff, embassies and civil service. If he doesn't they'll do their best to undermine him, just as Parliament has betrayed the electorate.

As for Major, why should anyone take seriously someone unfaithful to his wife and who nearly bankrupted the country? Boris must suspend Parliament if the EU don't back down.