Lloyds Banking Share Discussion Threads

[maxk] 24/10/2019 09:12

I hope someone is on ditch watch, the 31st is fast approaching.

[xxxxxy] 24/10/2019 09:03

Boris is a HERO.LEAVE and WTO

[pierre oreilly] 24/10/2019 09:00

Did you have a meal on the waterfront? I mean, and pay for it with money, not just fix a leaky tap in payment?

[pierre oreilly] 24/10/2019 08:32

Welcome to the new world pc.

Now, it's don't read, don't think, don't debate, vote, if you don't like the result, tell the winners they're thick, trash, delay, tell the winners they're thick, trash, delay etc.

[mikemichael2] 24/10/2019 08:32

Minerve 223 Oct '19 - 20:54 - 280387 of 280405

"Anyone thinking of visiting Gibraltar forget it, what a dump why we hang onto that place beats me"

Come on, it shouldn't be too tasking for you to understand the importance of Gibraltar.

============================

Is it to do with the chimps??

[grahamite2] 24/10/2019 08:05

If they had the slightest interest in doing so, PC.

[patientcapital] 24/10/2019 08:03

Ample time even for the glottal stoppers to read, think, debate and vote.

[grahamite2] 24/10/2019 07:24

Emmanuel Macron is set to force an emergency EU summit by insisting that any delay to the October 31 Brexit deadline can last no longer than 15 days.

Donald Tusk, the president of the European Council, has told EU leaders to support a three-month “flextension” until 31 January, 2020.

The French President’s hardline stance, designed to exert maximum pressure on MPs in London to back the deal, has horrified diplomats in Brussels, who fear the short delay raises the risk of an accidental no deal Brexit. But it will be a boon to Boris Johnson who has called for any Brexit extension to be as short as possible.



It's far from clear how serious this is - it might just be a warning to Tusk from the French that he had overstepped his bounds when he prematurely tweeted that 31 January would be acceptable.

[xxxxxy] 24/10/2019 07:22

Laughed my socks off at the Lib Dem cartoon.

[xxxxxy] 24/10/2019 07:21

We have all expressed some anger and frustration at our MPs on the issue of LEAVING. But there was manifestos and MPs stood for those and have consistently lied. Maybe LEGAL action against those MPs is becoming possible. Thinking on at moment. There is false pretence and false representation and confidence trickery. Some legal brains required.

Input please

[xxxxxy] 24/10/2019 07:16

A new economic policy?
By JOHNREDWOOD | Published: OCTOBER 24, 2019
It’s time to hear from the government a new economic policy. As we leave the EU we should abandon an economic policy based on the twin requirements of EU policy, the reduction of the running deficit of government and the reduction of state debt as percentage of GDP.

I know when I have mentioned in the past the importance of the Maastricht debt and deficit controls to UK policy some have written in to deny this. Let me remind you of the extent of the EU requirements on the UK since 2008.

The UK was under EU budget control from 2008 when Decision 2008/713 stated the UK was running an excessive deficit and had to take action to reduce it. The deficit worsened thanks to the great recession, so they reinforced the requirement. They required us to make spending cuts and tax rises worth 1.75% of GDP a year (£38.5bn a year at current values) from 2010/11 to 2014/15. In 2015 they reviewed the position and renewed the requirement to cut spending or raise taxes as they remained concerned about the level of state debt to GDP. They set specific reducing deficit targets of 4.1% of GDP for 2015-165 and 2.7% of GDP for 2016/17. The UK government always filed the relevant figures and submitted to the discipline imposed, as it is required to do by Treaty .

In 2017 they decided the UK had complied and lifted the excessive deficit plan after a nine year programme of cuts. They however said “As from 2017-18 the UK is subject to the preventive arm of the Stability and Growth Pact and should progress towards the minimum medium term objective at an appropriate pace…and comply with the debt criteria in accordance with Article 2(1a) of Regulation EC No 1467/97.” (i.e. the aim of economic policy had to be to get state borrowing down to 60% of GDP from around 87% over the medium term).

As we come out of the EU this ceases to apply. The UK needs a new fiscal framework which helps us promote growth, jobs and higher real incomes. We need a purpose and guides to economic policy based on these good outcomes for people, not a policy based on getting state debt down as a percentage of GDP.

Of course there needs to be a prudent control on extra debt incurred. There is nothing unstable or unaffordable about current levels of state debt, especially taking in to account around one quarter of the state debt is owned by the Bank of England which in turn is owned by the state!

A sensible rule could be that additional state borrowing should not exceed the levels of public sector investment. The government will ensure the current account of the government is in surplus or balance. On 2020-21 figures from the last Red Book this gives the state the opportunity to borrow 3% of GDP, the forecast level of investment, which would allow a sensible fiscal expansion. Tax cuts of around £10bn on top of the spending increases announced should be possible. There could be a recession override allowing fiscal stabilisers i.e. a bigger deficit to apply were there to be a nasty downturn at some time in the future. I am not currently forecasting a Uk recession

references

European Council Decision 2008/713/EC

2009/409/EC Council decision

2015/1098 Council decision

14852/17 Council decision

[bargainbob] 24/10/2019 06:51

Pot kettle black .

K38

"This is a Brussels, especially Merkels mistake. They have to take 100% responsibility.
They fail to protect Europe from invasion
..and worse all of them want to come to UK."

[cheshire pete] 23/10/2019 23:24

cheshire #370. Either you or the uptickers might like to summarise how the UK borders will change post Brexit for non EU citizens.

There is always a solution Alphorn, for those that want it that is.

[maxk] 23/10/2019 22:46

stonedyou, 1carus, thanks I'll have a look.

[xxxxxy] 23/10/2019 22:39

gygesPosted October 23, 2019 at 10:23 am | Permalink"I and 17.4 million people voted to leave the European Union" ... everyone who voted in the referendum voted with the intention that the majority view should prevail. It isn't about a mere 17.4million but the 34 plus million who participated in a democratic process.The dialectic is not Brexiteer vs Remainer but Democrat vs Reneger ...

[alphorn] 23/10/2019 22:05

cheshire #370. Either you or the uptickers might like to summarise how the UK borders will change post Brexit for non EU citizens.

[minerve 2] 23/10/2019 21:55

chimpblockplus.org for chrome and other browsers. Gets rid of another annoyance.

[1carus] 23/10/2019 21:32

Maxk. Adblockplus.org for chrome and other browsers. Adds as an extension.

[stonedyou] 23/10/2019 21:21

NEIN, NEIN, NEIN Germany ‘falls into RECESSION’ in huge blow for Merkel as Brexit and Trump’s trade wars hammer EU’s largest economy


GERMANY could tumble into its first recession in six years as Brexit and Trump’s

global trade wars hammer the EU’s largest economy.


In a major blow for Chancellor Angela Merkel, the country's central bank said the

economy may have contracted for the second consecutive period in the three months

to September.


The eurozone's largest economy has slowed sharply in the past year as its traditional engine of growth - exports - bore the brunt of a global trade war.

Car production - one of Germany's best known exports - was "greatly reduced" in July and August.



'MOST LIKELY'

The report reads: "Germany's economic output could have shrunk again slightly in

the third quarter of 2019.

"The decisive factor here is the continued downturn in the export-oriented

industry."

Warning that this downturn was starting to cast a shadow on the rest of economy,

the bank adds: "Early indicators currently provide few signs of a sustainable

recovery in exports and a stabilisation of the industry."

The German economy declined 0.1 per cent in the three months to June and has shown

few signs of improvement, with the next official figures due to be published on

November 14.




Early indicators currently provide few signs of a sustainable recovery in exports

and a stabilisation of the industry

Bundesbank report

Marcel Fratzscher, the president of the research institute DIW Berlin, told the

BBC that he believes Germany's first recession since 2013 could be underway.

"Most likely we will see another quarter of negative growth, and that's by

definition a technical recession," he says.

He forecast the economy to shrink by 0.1% between July and September.

"It's very mild, but also at the same time, not a very strong performance," he

said.

In August the bank warned that lower consumer spending and softer overseas demand

had caused the economic downturn.

[maxk] 23/10/2019 21:16

Off topic for a sec.

Can anyone recommend an ad blocker?

I dont normally begrudge a few ad's to help pay for content, but it's getting ridiculous.

[minerve 2] 23/10/2019 20:56

"Brussels backs the rebels and gives us a delay!"

For 'rebels' read parliament!

And these dunderheads demand we want to bring back control! LOL

Control for who exactly? A bumbling buffoon and 90,000 geriatrics?

Honestly, we do have some thickos on this thread.