Lloyds Banking Share Discussion Threads

[ianood] 29/3/2020 13:11

Sorry wendsworth, beg to differ re Mervyn King. To my mind he was the most ineffective Governor of the BoE that we have had for decades surrounding himself with yes men, like Andrew Bailey (still on cruise control) and out of touch with the economy and events. He was a headless chicken during the 2008 crisis who was largely dug out by the common sense and balls of the then Chancellor Alistair Darling.

[maxk] 29/3/2020 12:44

Ken. Are you seriously suggesting blighty cant make ventilators, or any other electrical gadget?

Components, sure there will be a price consideration. But to say we cant make it, is wrong.

[bargainbob] 29/3/2020 12:44

They need to erect a border just North of Derby , looking at the latest figures . London took too long to react.

[xxxxxy] 29/3/2020 12:43

Those that don't learn lessons fail and die out.Darwin Rules OKNO DEAL

[xxxxxy] 29/3/2020 12:42

The concept of Globalisation is the Past.Made in the UK. First. It is the Future.Security of goods, produce, food and fish. First. Made in the UK for the UK first. Security is British.NO DEAL

[utrickytrees] 29/3/2020 12:36

Yes it would be impossible to try and source an item with a massive low value electrical component list entirely from the UK. But Footwear? Not so long ago Northamptomshire was footwear! All that's happened is weve driven down quality and lost jobs. In many cases for branded goods such as Dr Martin's the prices haven't come down to the consumer. Tariffs on footwear could have saved UK manufacturing.

[poikka] 29/3/2020 12:21

It's not about ending global trade, it's about ending reliance on a dictatorship, and a dictatorship that's flexing it's increasing military might. It's utter madness to be reliant on China - and every politician, outside of Brussels, now realises that.

Global trade will continue in the free world - not sure how the EU fits in with that, but time will tell.

Before China, it was Japan that became the technology and low price power-house. After China, it will be the Far East excluding China. Who knows what Taiwan's fate will be.

The UK, out of Europe, will chart its own course.

[kenbachelor] 29/3/2020 12:19

Maxk - Anything that uses electricity as it's power source, such as the medical ventilators we are desperate for.

[utrickytrees] 29/3/2020 12:15

Have you read 'Shoe dog' Alphorn? At the time Nike were setting up factories in the Far East US tariffs on footwarem meant that US footwear manufacturers could not be understold, which wouldn't be a bad place to start. However I take your point the genie is out of the bottle.

[maxk] 29/3/2020 12:14

What do you call electrical Ken?

[sr2day] 29/3/2020 12:13

usually after big catastrophes there is a sustained period of growth.if this turns out to be catastrophic,all will not be lost.we have advanced so much after the second world war and the recovery this time will be swift with the knowledge and technology available.but i am afraid the world was getting ahead too fast.we needed a wake up call..and also so much spent on defence.covid 19 is forcing us to reassess our priorities while we are around and for the future of humanity.in the meantime the stock market may take a bit hit but it will bounce back.

[wendsworth] 29/3/2020 12:09

mitchy : Who knows to what depth the markets will plummet this week . I've posted my thoughts on this topic to diku on the CNA bb. Mervyn King is in my view a highly respected former B of E governor. His comments were sound but chilling.

smartie 6 : You're SO right. People in the West , in general, have little or no sense or reality. What do they think is going to happen when COVID19 hits the poor Syrian refugee camps in Idlib? There is no vaccine, no cure and you can't see the virus.

[smartie6] 29/3/2020 12:01

Do you also realise that hospitals are now taking in people in their 30s and 40s with no underlying health issues.
Drs and nurse in Italy and Iran have been dying, also with no underlying issues, in their hundreds.
You need to get a grip and see this truly for what it is.

We haven’t even touched the limits. In turn the amount of stimulus required after this is going to have to be massive. We’re going to be a very poor country for near on 50years.

[ducky fuzz] 29/3/2020 11:57

careful .. this type of virus effects breathing more than the standard flu. If the lock in had not happened then the NHS would not have coped with those requiring ventilators etc & many more would have died.

If the NHS had enough critical care beds & enough ventilators then this might have not been such a big issue. But it hadn't so we are left with plan B.

The lock in has given the NHS more time to prepare for what may happen & give those that get the more serious symptoms a chance of a happier outcome.

[y1phr1] 29/3/2020 11:57

If it goes Down I will top up.

[panshanger1] 29/3/2020 11:53

I know this is an odd question but is Lloyd's a buy or not on Monday morning ?

[gaffer73] 29/3/2020 11:50

That post was in no way meant to disrespect the people who have died by the way, I'm referring to numbers only.

[gaffer73] 29/3/2020 11:49

He's got a fair point though. People die every day (approx 1 a second) from all sorts of reasons, look at the figures and coronavirus deaths come nowhere near to any of them. Obviously the situation would be far worse if it was left to its own devices but with the restrictions in place its right down the list.

[kenbachelor] 29/3/2020 11:44

5x - You've got no chance.

I don't know what business you're in, but the chance of making anything electrical without buying parts from outside the UK is very slim.

[alphorn] 29/3/2020 11:44

Did you think through your reply to me Ut?

[smartie6] 29/3/2020 11:42

Careful, you’re just on a wind up. Fkn embarrassing.
Tsunami of ill day after day being hospitalised and deaths increasing day after day.
Fkn shame on you trying to marginalise it.

[utrickytrees] 29/3/2020 11:42

Yes M2 & weve been paying for it ever since!