Lloyds Banking Share Discussion Threads

[bargainbob] 11/7/2019 20:22

Agree xxxxy , time to leave the cursed Unions.

What Does Scotland Have.

Scotland has only 8.3% of the UK's population. 8.3%! Remember this important figure... 8.3%

But we DO have...

32% of the land area
61% of the sea area
90% of the fresh water. (There is more fresh water in loch Ness than In England and Wales combined!)
65% of the natural gas production
96.5% of the crude oil production
47% of the open cast coal production
81% of the untapped coal reserves
62% of the timber production
46% of the total forest area
92% of the hydro electric production
40% of the wind wave and solar energy production
60% of the fish landings
30% of the beef herd
20% of the sheep herd
9% of the dairy herd
10% of the pig herd
15% of the cereal holdings
20% of the potato holdings
100% of the Scotch Whisky industry
70% of Gin manufacturing

We have a...
17 billion pound construction industry
13 billion food and drink industry
10 billion business services industry
9.3 billion chemical services industry
9.3 billion tourism industry
7 billion financial services industry
5 billion aeroservice industry
4.5 billion whisky export industry
3.1 billion life sciences industry
Scotland still has 350 million pounds worth of textile exports

We have 25% of Europes wave and wind energy potential.

And finally we are blessed to have 1.5 trillion pounds - £1,500,000,000,000 worth of oil and gas reserves.

All of this, yet only 8.3% of The UK's population...

Do you know... This is the UK's legacy of success in our history of being "better-together":

The UK has the 3rd lowest pensions in the 34 OECD countries of the world

The UK has the single most expensive childcare in the European Union

The UK has the second lowest-paid economy in the entire developed world

The UK has the 3rd longest working hours in the EU

The UK has the lowest number of holidays in the EU

The UK has the 8th highest gender inequality pay gap out of the EU's 28 countries

The UK has the highest likelihood of poverty in disablement in the EU

The UK has the highest rail prices in Europe

The UK has the second highest housing cost in Europe

The UK has the highest fuel poverty rates in Europe.

The UK is the 4th highest country of wealth inequality in the entire planet!

Surely these awful figures should not be possible when you read the Scottish statistics above...

Finally, did you know that in all of the UK elections for Westminster ever!... Not one vote cast in SCOTLAND has ever mattered! Because of the Westminster numbers, whatever government England votes for, the UK gets. So we have no democracy here!!! 4 decades of tory rule that we voted against is proof enough, and our defiance was punished by the closure of all the mines; closure of all the steelworks; closure of all the shipyards losing thousands of jobs. The term used by Thatcher when these industries needed some assistance was "let the markets decide". Funny how when the greedy banks collapsed everywhere they were bailed out to the tune of over a trillion pounds of our money... Not a mention of "let the markets decide".

FACTS:
Fact: Scotland has an oil boom waiting to happen on the West Coast, but Michael Hesaltine signed a cessation of any form of oil exploration in the entire area in the 80's to make way for nuclear submarines which Scotland doesn't want!

Fact: Scotland has shown its revulsion time and time again to nuclear weapons but they place them here against our countries wishes. A recent contingency report was carried out about the feasibility of relocating them in Portsmouth. The report stated that it was unfeasible because the detrimental risk to the area of an incident was too high. (Ok for the Clyde though)

Fact: Scotland, with only 1 Tory MP, was forced to take the shocking attack on the poor & disabled called The Bedroom Tax, even though Holyrood voted to utterly reject this awful tax on the poor. Westminster gave us it anyway!

Fact: We are led to believe that the oil in our waters is finished and its a dying industry. Yet 13.5 billion has been invested by oil companies in the last 2 years alone!

Fact: The Clair Oil Field is about to open it's 3rd phase, and on its own has over 650 million barrels which will be extracted over 20+ years with production reaching a hundred thousand barrels a day!

Fact: Scotland gives more to Westminster than it gets back. Do you really think they'd be so keen to keep us if we were being subsidised like they'd have us believe?

Fact: Westminster has amassed over £1.9 trillion debt and still growing at nearly £6000 a second. Thats another £516 million today alone which YOU will have to pay for.

Fact: Of the 178 countries that have gained their own independence across this planet, not one single one of them has ever asked to reverse this independence.

Approach this time with an open mind not one dominated by the fear London based and edited media want you to have.

By Stuart McLennan
#indyref

[xxxxxy] 11/7/2019 20:20

Manufacturing in deep trouble. In Germany.

Lets LEAVE the sclerotic EUSSR.

[cheshire pete] 11/7/2019 20:05

Minerve: "And who benefits from volatility?"

Anyone who wants to. Have you not heard of day trading which only works because of volatility. Not restricted to Hedge Funds or elite as you suggest. Regularly trading the miners and banks, often moving in opposite directions with weakness or strength of sterling. Can be a nice little earner.

[bargainbob] 11/7/2019 19:54

While leaving the United Kingdom might hurt Scotland economically at the outset, it will probably end up just fine on its own, thanks in large part to its educated population and vast energy reserves. In fact, it isn’t the Scots who should be worried here—it’s the U.K.

The following are a few of the major economic concerns that have been keeping investors and U.K. loyalists up at night if Scotland chooses independence.

1. The U.K.’s net import dependency for fossil fuels would shoot up from 47% to 95% as an independent Scotland gains control over the vast majority of the U.K.’s oil and natural gas reserves in the North Sea. This could cause energy prices across the U.K. to shoot up overnight as energy traders turn bullish and bid up future prices. While there may not be any material impact on supply, the market reaction could have a long-lasting and devastating effect on prices for some time as forward prices remain elevated. Higher energy prices would result in a decrease in disposable income, especially for the U.K.’s struggling middle class. This would hurt Britain’s service sector, possibly plunging the country back into recession.

2. Scotland could refuse to take on its share of the U.K. national debt. This scenario would raise the ratio of the U.K.’s national debt to GDP from 88% to 99%. U.K. sovereign debt rates would almost certainly shoot up as investors would require higher yields to compensate for the increase in credit risk. The extra debt servicing costs would further eat into the U.K.’s ravaged income statement, forcing it to either take on more debt or make painful cuts in services.

3. The loss of North Sea crude oil would cut significantly into the U.K.’s total exports. Crude and refined petroleum makes up 12.5% of the U.K.’s exports. Scotland stands to gain 98% of the U.K.’s crude oil, reducing the U.K.’s overall exports from $813.2 billion to $713 billion. These figures don’t include Scottish imports of U.K. goods, which could help to balance the numbers.

4. Chances are, U.K. exports to Scotland won’t be enough to make up for the loss of all that Scottish oil. The resultant expansion in the U.K. trade deficit, along with the increase in Britain’s credit risk profile, could cause the pound to lose significant value. The pound’s exchange rate to the U.S. dollar fell from $1.72 to $1.61 last week on fears of a Scottish exit. If Scotland gains independence, Nomura analysts estimate the pound could fall an additional 15%, putting the dollar exchange rate at its lowest level in 10 years, at around at $1.37.

5. The weaker pound would hurt the U.K.’s international purchasing power, forcing it to slash imports, lowering the standard of living for those left in Britain. The U.K. imported $783 billion in 2013, equal to around 28% of its GDP. A further 15% fall in the value of the pound would force the U.K. to spend $921 billion to import the same quantity of goods, making total imports equal to 33% of GDP.

6. The balance of trade could spiral out of control, sending shock waves through many parts of Britain’s economy. With exports reduced to $713 billion and imports increased to $875 billion, taking into account higher oil imports, the U.K. trade deficit would expand to $155 billion, further debasing the pound. The weakened pound would put additional strain on the (half) island nation’s ability to import goods, further lowering the U.K.’s standard of living. The one positive here is that the weakened pound would make the U.K.’s exports more attractive to foreign buyers. But there is no guarantee that U.K. exports could expand enough to fill the hole left by the loss of its considerable energy exports.

7. Depreciation of the pound combined with a growing trade deficit from greater dependency on foreign oil would lead to significant inflation, raising the cost of living and eroding real British wealth. Savings would take a hit, which could cause Britons to take their money out of sterling and convert it into a more “stable” currency, such as the dollar or the euro. This would further debase the pound and cause a major flight of capital that could destabilize British banks. Financial system instability might require government intervention to shore up depleted capital reserves. Currency controls would need to be implemented to keep the pound from falling, further eroding confidence in the currency.

8. All of this economic instability isn’t good for the City of London. Investors pulled 16.6 billion pounds ($24 billion) out of the U.K. last week, the largest such decrease in assets since the start of the 2008 financial crisis. Any additional decrease would be devastating to the city as it could set off a panic in the markets and a widespread withdrawal of capital across many asset classes. If investors kept their money out of the City for long enough, the financial industry would be forced to shrink, meaning mass layoffs. This would deliver a major blow to London’s economy, as it counts on the salaries of financial service professionals to keep it going.

[alphorn] 11/7/2019 19:11

M - that is really the 'long' and the 'short' of it. Lol

[minerve 2] 11/7/2019 19:08

And who benefits from volatility? Why, Hedge Funds of course. Doesn't take much to draw conclusion on the motives of the biggest backers of Brexit (JRM etc etc).

And how many of these people are there? A relatively tiny handful.

Left behind leave voter, you have been played. You could even say you've been had by the elite that you thought you were sticking it to.


LOL

[minerve 2] 11/7/2019 19:02

Meanwhile, while Poikka tries to support a failing currency, the Telegraph have published leaked documents showing how badly UK/US trade talks are going.

[poikka] 11/7/2019 18:45

Whoops, back again.

"City Index analyst Fiona Cincotta said: "The pound capitalised on the weakness of both the euro and the US dollar, extending gains versus its peers. Clearly the case of 'best of a bad bunch'. Whilst the ECB and the Fed are poised to cut imminently, the BoE still has time on its side ahead of a potential no deal Brexit come October 31. Despite warnings from Carney over the damage of a no deal Brexit, the pound pushed to a high of USD1.2571."

[poikka] 11/7/2019 18:28

ladeside - "The Spanish have already confirmed that the ship was stopped by the UK after they received "intelligence" from the USA."

That just applied to the fact that the US had intelligence that it was breaking EU sanctions on Iran.

Why do I bother.

Tara.

[poikka] 11/7/2019 18:25

Careful - "A fish merchant in Cornwall could catch his fish and transport them to London hotels on a single day.
We are giving all of that away."

No, I'm struggling.

Oh I get it, you're saying that we won't be able to have frictionless trade with the EU. No, I'm still struggling.

[xxxxxy] 11/7/2019 17:34

The EUSSR is Anti-democratic.Let'sLEAVE and WTO

[xxxxxy] 11/7/2019 17:32

The EUSSR is BAD. Actually the EUSSR is an Evil Empire. And seriously wants an EUSSR Army.The EUSSR is VILE.Let's LEAVE and WTOLEAVE LEAVE LEAVE

[grahamite2] 11/7/2019 17:20

"Democracy is the worst form of government there is - apart from all the others."

[steve4003] 11/7/2019 16:45

careful11 Jul '19 - 09:08 - 264455 of 264520
0 2 0
The trouble with democracy is that if everyone votes, we are limited by the intelligence of the electorate.

Just read the most watched programme is 'love island'.

There you have it in a nutshell, millions of half wits decide our country's future.



That will be the young who voted remain then.

[grahamite2] 11/7/2019 14:54

Crossing_the_Rubicon 11 Jul '19 - 13:57 - 264507 of 264513
0 1 0
@Graham

Do you trust Amber Rudd?
She is only saying what is necessary to get a cabinet post where she can continue to undermine Brexit

That's pretty much the point I was making. The people who go with the flow, the realpolitikers, are giving up their desperate opposition to democracy and accepting the new political landscape. This has got to be a hugely positive development.

[careful] 11/7/2019 14:53

What do mean?
I missed that.

Apart from NATO of which we are a member, who in the EU. has control and 'bought' the uk's armed forces?

Such piffle, where did you pick up such guff.

[ladeside] 11/7/2019 14:51

Ironically, I'm coming down to England to Golf next week...

[ladeside] 11/7/2019 14:50

The Spanish have already confirmed that the ship was stopped by the UK after they received "intelligence" from the USA.

WMD anyone ?

Dr David Kelly murder ??

Etc, Etc.

[crossing_the_rubicon] 11/7/2019 14:47

Well events have shown WHY we all thought it bizarre that Theresa May wasnt playing "Defence" as a trump card to getting a decent Brexit deal

Because she'd also sold that card but tying UK Armed Forces into EU defence structures for no political capital

"An EU army is no fantasy - Anne Marie Waters"


Theresa May is a traitor.
As is anyone who sells the UK's Armed Forces to any foreign power in such a manner.

[careful] 11/7/2019 14:43

Cheshire

I do not think people really understand how a simple thing like tarriff free frictionless trade improves economic activity and hence wealth and jobs.

Even a simple thing like railroads were key to economic growth and wealth.
Portillo's railroad series showed that.

A fish merchant in Cornwall could catch his fish and transport them to London hotels on a single day.
We are giving all of that away.

Personally if I had to fill in forms and get paperwork if I wanted to go to Scotland I would not bother to go.
Even if I wanted a few holes of golf, if I had to book a tee time I would not bother.

We are giving away a great prize, smooth tariff free access to the Worlds largest trading block of 27 countries.

And geographically close. Who ever shops at a supermarket if it is a bit further away?
Geographical proximity is very important especially with smaller businesses.
When the Brexiteers tell you that they can get a trade deal with Peru, do not think it is the same as any business with the EU.

[alphorn] 11/7/2019 14:30

"forward benefits on the other hand are immeasurable imv."

Bookmarked. ;)

[cheshire pete] 11/7/2019 14:16

No-one is saying that there is no downside or short term disruption careful. The key is mitigation, managing the risks, making Brexit a success, which those who want it to succeed will do. The opportunities and forward benefits on the other hand are immeasurable imv.

[hernando2] 11/7/2019 14:13

someone posted on here that Britain was as usual being dominated by USA in respect of stopping the tanker that was allegedly taking oil from Iran to Syria. And that it was a complete e disgrace and we needed to stay part of the EU to avoid such issues and be strong and avoid being another state of America ....Blah Blah

Well funnily enough they stopped it because it was breaking EU sanctions on Iran, well that was according to R4 this morning.

Perhaps the poster can come back on that one if i am incorrect

[careful] 11/7/2019 14:06

I think over time historians will record that in 2019 we left the EU.
It was painful to many for many years but we are now independent.
To get it done voters had to be persuaded that there was no downside but glorious opportunities.
The end result justifies the lies.

Always assuming that in the meantime the vote obsessed UK does not have more referenda or elections to re join.

[cheshire pete] 11/7/2019 14:03

Wouldn't have her in my cabinet ctr...one of the Bilderbergers.