Lloyds Banking Share Discussion Threads

[crossing_the_rubicon] 29/7/2019 11:20

Macron sends blunt message to Boris - EU threaten trade shutdown until UK hands over £39bn

"Illegal under WTO rules"

And whilst some will no doubt say that wont stop France doing such. Fine.
Then we can retaliate with Trumpesque tariffs on French wine,cheese and German cars.

After all, if France is behaving illegally, so can we.

Your call France.

[grahamite2] 29/7/2019 10:52

I, too, am not at all sure Boris is a closet remainer, although I very much see where Max is coming from - the two articles for one thing, his general metropolitanism for another.

More of a worry is that he likes to be seen as a nice guy, to get on with people, to go for consensus rather than confrontation. But the signs are he knows it's too late for that and he is ready for a fight. Also - he is human like all of us. He must be deeply angered by the truly atrocious conduct we have seen from the fanatics, from the old bag and, to a lesser extent, from the EU.

[smartypants] 29/7/2019 10:40

More money saving schemes?

New British Chancellor of the Exchequer Sajid Javid will announce spending of around £1 billion to prepare the United Kingdom for a possible no-deal Brexit in October, the Sunday Telegraph reported.

Speaking to the media outlet, Javid said that he would overhaul the Treasury's approach to Brexit, beginning with "significant extra funding" announcements in the coming days to ready the country for its departure from the European Union on October 31 with or without a deal. The extra spending will reportedly go towards financing a major public information campaign for individuals and businesses as well as 500 new Border Force officers and possible new infrastructure around the UK's ports.


Where are they finding all this extra money, I thought they had promised tax cuts?

[gbh2] 29/7/2019 10:36

Doubt the share price would even be Blue if the ftse wasn't flying today!

[poikka] 29/7/2019 10:24

In addition to the Leavers in his Cabinet, there are, importantly, Boris' advisers:

Dom (not only in name) Cummings.
David Frost
Sir Edward Lister
Nikki da Costa
Lee Cain
Andrew Griffith (not the MP)


Check them out.

[mikemichael2] 29/7/2019 10:22

I'm not, better stuff to do, see ya.

[smartypants] 29/7/2019 10:14

Lots of “good” news in the papers this morning, could it all be fake?



Boris Johnson’s ambitious domestic agenda would be crushed by the pressing needs of the emergency that would follow a no-deal Brexit, a new report by a Whitehall thinktank has concluded. The Institute for Government (IfG) warned there is “no such thing as a managed no deal” and the hard Brexiters predictions of a “clean break” from the EU will not materialise. - The Guardian

Boris Johnson will seek today to bolster the Union by promising a £300m spending spree before a bruising encounter with Ruth Davidson. The prime minister’s whistlestop tour of the four nations comes with the offer of extra cash to realise the potential “in every corner of the United Kingdom”. - The Times

Every part of the economy is severely unprepared for a no-deal Brexit, as industries and governments on both sides of the Channel need to step up planning urgently, the Confederation of British Industry (CBI) has warned. - The Daily Telegraph

Dominating the headlines was the new government's promise to accelerate preparations for a no-deal Brexit, leading analysts and traders to caution that renewed weakness in Sterling might be just around the corner.

"The pound could well come under further pressure this week, ahead of the latest Bank of England rate decision and inflation report, ramping up of “no deal” rhetoric and preparations over the weekend by the new Prime Minister and his cabinet, are unlikely to help sentiment and likely to reinforce concerns that the UK is on course to leave the EU without a deal at the end of October."

[poikka] 29/7/2019 10:13

Plenty of scenarios and theories today, and any one of them possible.

I'm not sure that Boris is a Remainer, certainly many of his closest lieutenants are Leavers; so there may still be hope.

For my money, I'm keeping a close eye on what's being said, and what's not being said, as I guess we all are.

[shy tott] 29/7/2019 09:51

I doubt there'll be anything fudgelike from Boris. There's a keen brain behind his bumbling persona and he almost certainly thinks that if he can negotiate something with the EU nonnegotiators where we actually leave the EU, as opposed to a May Brexit where we don't, then we'll go down that route, otherwise a ' no deal' Brexit irrespective of what the EU threatens.Maybe he'll have to give them 50 billion to get a genuine exit with a transition deal.

[grahamite2] 29/7/2019 09:24

Poikka, Max - you both seem pretty certain Boris is going for a fudge, a BRINO. Maybe you're right.

But in that case the fanatics have to think it's a real possibility too, which should draw their venom. Why sacrifice their careers to avoid something that isn't going to happen anyway?

[poikka] 29/7/2019 09:09

Have to say that this board is much clearer now that I've got Minnie on filter - like the fog clearing.

[minerve 2] 29/7/2019 09:05

Boris, due to his faux patriotic nonsense, has been give a new title:

The Dude of Westminster.

[bargainbob] 29/7/2019 09:02

Welcome to "Mad Boris to the Max " at a thunderdrome near you.

[maxk] 29/7/2019 08:55

You've hit the nail on the head Poikka. Nigel Farage was on the wireless this morning saying the same thing.


They are trying to get everyone to concentrate on the backstop, whilst forgetting about the front stop, side stop and every other stop the €uro's can think of.


The deal as it is, is poisonous, ditch the lot.

[diku] 29/7/2019 08:45

Reading headlines like this...Trump will have a different message to Bojo...Trump holds the Trump card...




xxxxxy28 Jul '19 - 22:20 - 265967 of 265971
0 3 1
Macron sends blunt message to Boris - EU threaten trade shutdown until UK hands over £39bn

[poikka] 29/7/2019 08:45

I fear that the correspondent quoted by max in 968, could well be correct: as stated by Steve Baker in the preamble to the report linked in xxxxxy's 970, "The mood music is to make further “compromises” to get a deal approved by Parliament, meaning the UK may end up with only a semi-withdrawal."

Perhaps that's why Boris' "by whatever means possible" is continually being touted; although Boris does go on to say - when pushed - that the backstop is only part of the issue.

Perhaps, also, it is why Steve Baker was not given a prominent role in the new Government.

If Boris hopes to get us out by the end of October, he'd better come up with something more substantial than just the backstop, or he can kiss goodbye to getting the agreement through Parliament - unless there were to be substantial progress on the other issues, which would mean a firm timetable on ditching the rest of the straightjacket.

[grahamite2] 29/7/2019 08:37

Max, very interesting #265968. But another way of looking at it is that Boris is doing everything to convince the remainer con men that he is actively pursuing a deal while actually just letting the clock tick.

What fills me with hope is that Boris is trying to make his new government and himself personally popular. He's putting himself in a position to say to the fanatics, if you insist on an election that's just fine by me - but you lot will be out on your ear. Do you feel lucky, punks?

[xxxxxy] 29/7/2019 07:03

Why the Eurozone's Fate makes an immediate Brexit Vital

[xxxxxy] 29/7/2019 06:23

What legislation should we change once we are free to make our own laws?

By JOHNREDWOOD | Published: JULY 29, 2019


One of the attempted trick questions in the referendum campaign from Remain to Leave was about deregulation. Which regulations would you repeal, they asked of the Leave campaign. Presumably they hoped either that the Leave campaigner would be lost for a specific example, or would offer up a popular regulation which the public would not wish to see removed. They underestimated their opponents in this as in other matters.

The truth is there are many laws and regulations that the EU has imposed on us that are either suitable for repeal or for substantial improvement. The UK could start by repealing the damaging fishing regulations which have allowed considerable environmental damage to our fishing grounds whilst also undermining some of our fishing businesses. We could move on to removing items from VAT or choosing lower rates for others. There is no great support for 5% and 20% VAT rates on a whole range of green products, nor for the 5% VAT levy on domestic heating fuel. The interventions in our corporate tax code that have lowered our revenues could be reversed. We could do a better job on animal welfare with our own rules.

It is a strange phenomenon that many people will stand for election to the UK Parliament with a wish to become lawmakers, only to decide once they arrive that want many of our laws to be settled in Brussels so they can claim they have no ability to amend or repeal them. The UK Parliament over our years in the EU has been craven in meekly accepting every EU law and regulation, and in avoiding proper debate about it. This has damaged our democracy and widened the gulf between Parliament and people.

The continuing EC court case over VAT on commodity derivatives is a reminder of how the EU wishes to rewrite our rules against the interests of our businesses. The UK Parliament should decide our VAT law and it should not be subject to reversal by a European court.