Lloyds Banking Share Discussion Threads

[xxxxxy] 14/6/2020 18:27

Strategically important 'Red Wall' backs Boris's no extension position as the Prime Minister prepares for high level talks with EU presidents tomorrow. Meanwhile, China puts pressure on UK corporations to lobby No 10 over Huawei.  Week thirteen of lockdown, and Rishi Sunak has confirmed reports that Downing Street is undertaking an "urgent" review of the two-metre social distancing rule. No.10 aims to complete the review by July 4, when some hospitality businesses could be allowed to re-open. The Chancellor has also encouraged Brits to get the economy moving again with a call for us all to head to the shops from tomorrow, when non-essential retailers are allowed to re-open, saying "We've got to rediscover our confidence and get our lives back to normal. So my message is simple - get out there, get shopping."Sunak has also not ruled out a cut in VAT to support struggling firms, but there is bad news for those who didn't qualify for any coronavirus support schemes, with no extra help forthcoming. "At this point I want to try and look forward rather than look backward," the Chancellor told Ridge. On the Marr show, Rishi also spoke about the UK-EU negotiations, "talks are intensifying and the Prime Minister is having meetings tomorrow, which I think shows signs of good progress. We remain committed to approaching those talks in a constructive and open fashion."Monday's video talks between Boris Johnson and EU Commission president Ursula von der Leyen, European Council president Charles Michel and president of the European Parliament president David Sassoli, are expected to see the Prime Minister warn the EU that the UK will be ready to become fully independent on the 1st January 2021 "whatever happens", as he urges the EU to agree a trade deal by the end of the summer.Michael Gove gave formal notice to the EU on Friday that Britain will not request an extension to the current transition period. He and David Frost, the chief negotiator will also join the video conference tomorrow. Failure to strike a trade deal by the end of transition on the 31st December would mean the UK and EU trading on WTO terms and with tariffs applied to goods. Both sides have now agreed to intensify talks next month, with face-to-face meetings planned in London and Brussels. However, the two sides are still very far apart on key issues such as fishing and level playing fields and the thorny issue of the Northern Ireland Protocol is still to be resolved. Michel Barnier, the EU's chief negotiator has attempted to claim that the UK wants to enter intensive secret 'tunnel' negotiations. The UK government have rebutted this, saying "The EU was a little slow to agree to an intensified timetable for talks, and has been making noises about so-called tunnels. That's not something we ever wanted and it's welcome that they've now signed up to a sensible process to take the talks forward."The High Level Meeting was always envisaged as a moment to push the negotiations forward. We now need to get this resolved and deliver certainty for businesses at home and in the EU as soon as possible."There's a high quality FTA to be done, based on the agreements the EU has already reached with other countries. But, whatever happens, we will be ready for January 1, when we will be back in control of our laws, borders and money."The Centre for Brexit Policy have released a new paper looking at the results of polling over Brexit in the so-called 'Red Wall' seats. Results show that majority support is clearly in favour of the government position of not extending the transition period.Writing for the Express, Owen Paterson said "Red Wall voters are remarkably positive about life outside the EU. Asked what would be better or worse as a result of an extension of the Transition Period, voters said that they expected the cost of living, tax rates, price of food, price of non-consumer goods, waiting times for social housing and average wages to get worse in the event of an extension."Sino-British relations have sunk to a new low this week, with Beijing letting loose with a barrage of warnings and threats of economic coercion in the face of the UK government's position on HongKong BNO passport holders and the question over whether the UK will reverse its decision to allow Huawei's technology into the 5G network. Chinese Communist Party tabloid 'Global Times' declared the British economy will face "substantial damage" if Boris Johnson doesn't change tack, and China will retaliate if "the UK steps out of line."Top targets include the Chinese operations of British corporations such as HSBC, and investment in UK nuclear plants.With the Chinese gun held to their heads, the China-Britain Business Council, led by Chairman Sir Sherard Cowper-Coles, head of public affairs at HSBC, is now appealing to FTSE 100 companies to lobby UK ministers about the risks of upsetting delicate sensibilities in Beijing. We are already seeing the results with companies such as BP (whose former CEO Lord Browne is now the chairman of Huawei UK), BT and Vodafone now speaking out over the government's rethink on Huawei. BT and Vodafone are now claiming that parts of Britain will suffer mobile phone blackouts and could lose signal for up to a fortnight, if Boris Johnson orders telecoms giants to remove equipment from the Chinese supplier Huawei from the network by the end of 2023.Former Brexit secretary David Davis, responded saying that BT and Vodafone had become "addicted" to Huawei.He said: "These companies both have very large financial interests in continuing their relationship with it. The fact that BT and Vodafone think their own interests overwhelm the national security interests of the country doesn't reflect very well on their management."This coming week, trade negotiations will resume between the UK and the US.For the latest news and developments throughout the week, please do follow @GlobalVision_UK on Twitter

[minerve 2] 14/6/2020 18:26

OVEN READY £ COLLAPSE.

LOL!

[bargainbob] 14/6/2020 18:24

The
UK sold the Scottish fishing industry down the river even last year with the fish processing plants.
Time to get out of the cursed Union of the U.K.

[maxidi] 14/6/2020 18:16

Maybe the Ministry of silly posts!

[minerve 2] 14/6/2020 18:12

"I hear Boris spends zilch of his spare time worrying about what the lefty slugs are saying about him."

I agree. I am sure he has much more to worry about including falling ratings, disgruntled Tory MPs, a COVID issue he has lost control over, a society he has lost control over, a Brexit that is bound to fail, a whingeing and needy GF suffering from post natal blues, a crying baby, etc.. etc.. etc..

Rather him than me!

ROFLMAO!

[maxidi] 14/6/2020 18:03

ALPaca - Btw. Where is Cummings these past few days? Still testing his eyesight?


You really can't resist a low level snide remark can you? Do you by any chance work for the BBC ?

[jl5006] 14/6/2020 17:46

Baginbob
I guess u are single for nobody could tolerate your intolerable posts.
Got a balcon - over 3 storeys up

[jl5006] 14/6/2020 17:41

Stammer post could be false news of course. The idiot would never stoop so low ? Kick him off privy!
as to the battery factory ? Where do the ingredients come from? South Wales?
Phps mistaken - not aware of the existence of the essential ingredients in wales.
Heard all about the Origin in salt lakes in Africa/ S America and the supply from China.

[jacko07] 14/6/2020 16:18

Good afternoon Minnie, hope the 24/7 Boris & Brexit whining didn't keep the missus awake.

I hear Boris spends zilch of his spare time worrying about what the lefty slugs are saying about him.

Time for my Brexit Gin & Tonic...cheers all!

ROFLMAO

[minerve 2] 14/6/2020 15:58

"Boris has shown back bone and loyalty towards his friend"

Boris has no backbone. He couldn't fire Cummings because Cummings has way too much dirt on the clown.

[minerve 2] 14/6/2020 15:56

"Had Starmer been in charge I'm in no doubt the outcome would have been very different."

Yes, it would have been. Thatcher needed a war because her domestic rating was falling off a cliff!

LOL

[stonedyou] 14/6/2020 15:32

"We are paying these people in the transition period, this year alone, £17 billion and yet we have a trade deficit of over £70 billion a year.

"So that means, if we go to WTO terms, their companies would have to pay our Exchequer much much more in tariffs than our tariffs would have to pay them.

"It is in their interests to get a deal and avoid a no deal."


He pointed out that EU negotiations always go down to the wire, and the same timeline is likely in terms of a Brexit trade deal.

Mr Kawczynski hit out at the Brussels for their "intransigence" in the talks, particularly on "the basic area of fishing".

He said that the EU had left the British fishing industry "decimated" since European vessels had "plundered our fishing stocks".

The MP added: "The fact they expect and demand the status quo shows the sheer level of arrogance of these people."

[bmnsa] 14/6/2020 15:29

Boris has shown back bone and loyalty towards his friend

Why should Boris have thrown his best man under a bus just to appease short lived public opinion over his eyesight concerns.

[xxxxxy] 14/6/2020 15:14

333.Yes. Cummings hero. And a time will come for recognition. No Deal. The EUSSR says No Deal.Happy days.No Deal

[xxxxxy] 14/6/2020 15:12

Barnier's bunkum and anti-UK rants are sunk by Sweden's Krona glory25 years of the EU ignoring its treaties - Sweden, the Euro, and sinking EU arguments?© Brexit Facts4EU.Org 2020Barnier's claims of "EU rule of law" and "obeying treaties" do not stand upYesterday we published our analysis of the state of play for the EU, as it reviewed the member states who are supposed to have adopted the Euro currency - but haven't. Those readers who missed this excellent Brexit piece can find it here.Today we provide clear and damning evidence that the EU's obsessions with its treaties is highly selective – if indeed more evidence were required. Our report below shows that the EU's attacks on the UK for supposedly not abiding by treaty commitments are not fair, nor reasonable.Sweden, the Euro, and 25 years of the EU ignoring treatieshtTps://facts4eu.org/news/2020_jun_barnier_bunkum

[utrickytrees] 14/6/2020 15:08

On this day 1982 the union jack was raised at Stanley, to mark the end of the Falklands war. Had Starmer been in charge I'm in no doubt the outcome would have been very different.

[alphorn] 14/6/2020 15:06

BMNSA - what is he doing - negotiating with himself?

ROFLMAO