Lloyds Banking Share Discussion Threads

[xxxxxy] 02/7/2020 15:10

No DealWTO

[xxxxxy] 02/7/2020 15:10

China experiences widespread international condemnation as the free world rallies, applying new sanctions to Beijing and increasing support for Hong Kong citizens. Meanwhile, WTO candidate says UK trade will flourish without a Brexit deal and coronavirus infections fall significantly in the UK as lockdown is relaxed.China threatens Britain with 'consequences' over HK: Following yesterday's announcement that the government will offer 3 million people in Hong Kong a pathway to UK citizenship, China has promised to take countermeasures against Britain if it goes ahead with plans to extend the rights for BNO passport holders. Beijing has faced international criticism for its decision to implement the new security law that has seen hundreds arrested in Hong Kong on the first day.Australian leader Scott Morrison said that he too was 'very actively' considering offering Hong Kongers safe haven. Speaking about the changes Britain will be making to the rules, China's embassy in London said that "we firmly oppose this and reserve the right to take corresponding measures." The Chinese ambassador to the UK was summoned to the Foreign Office, while the Chinese Embassy in London issued a statement reasserting its view that all Hong Kong residents are Chinese nationals, regardless of whether they hold a British passport or a British National Overseas passport. This morning, a Chinese Foreign Ministry spokesperson said that "China reserves the right to respond and the UK will bear all consequences." Foreign Office issues China travel warning: The Foreign Office has issued new travel advice to those thinking of travelling to China or Hong Kong, warning of an increased risk of detention and deportation under the new national security law, specifically warning that Article 38 of the law appears to seek jurisdiction over anyone in the world who criticises China. Mike Pompeo said that the measure "likely includes Americans", calling it "outrageous and an affront to all nations". The US House of Representatives also agreed unanimously yesterday to seek tough new sanctions on Chinese officials and Hong Kong police. The inclusion of dependents in Britain's offer to BNO passport holders means that some young pro-democracy campaigners will be covered by the scheme. There have also been calls for the government to go further and offer Hong Kong BNOs assistance in moving here, as well as using the option to seek monetary remedy from China to fund this due to the fact that China has breached its international treaty obligations. Raab hits out at HSBC: The measures that were unanimously passed by the House, will penalise banks that do business with Chinese officials. Yesterday, Dominic Raab hit out at HSBC for its support for the brutal crackdown being witnessed in Hong Kong. In a particularly punchy part of Raab's speech, he told MPs "I've been very clear in relation to HSBC and ... all of the banks. The rights and the freedoms and our responsibilities in this country to the people of Hong Kong should not be sacrificed on the altar of bankers' bonuses."Hong Kong crackdown gives Huawei reversal more traction: As pressure mounts on the government to reverse its decision to allow Huawei to build parts of the UK's 5G network, the government is preparing to abandon the idea, as backbench opposition to Huawei in the conservative party grows increasingly large. One Cabinet minister hinted at the move to Newsnight's Political Editor saying it was only a matter of time before the reversal was announced. Currently a review is taking place on Huawei's involvement in light of fresh US sanctions on the company.Britain reopens temporary market access regime for EU financial firms: Today is the last full day of Brexit trade negotiations before the two chief negotiators meet tomorrow for a two-hour meeting to close out the week. This morning, it is being reported that Britain will reopen its temporary market access regime for EU financial firms in September to help companies through the divorce period. For 2021, the firms will be "called to apply for permanent authorisation to replace their temporary permission" and for those who do not obtain permanent authorisation, the government will allow them to continue serving pre-existing contracts in the UK. WTO candidate says UK trade will flourish with No-Deal: One candidate for the World Trade Organisation's top job has said that trade between the UK and EU would flourish in the short term even without a Brexit deal. Eygptian contender, Hamid Mamdouh said that "The UK and the EU have been following the same regulatory framework across sectors of the economy and that provides an exceptionally strong basis for strong and close trade relations, even if they fall on WTO rules." He also went on to say that the UK's world leading services sector would help to aid this transition and allow for a smooth adjustment. The former WTO Director for Trade also said that the regulatory ties between the UK and EU should allow for goods and services  to continue flowing across borders.Coronavirus infections tumble in UK: Last night the government released its report that informed the decision to impose further lockdown measures in Leicester and it paints a far more promising picture of the situation than that being reported by many news outlets this morning. As lockdown has eased, the report shows that since June 15th, a steep decline in positive tests has occurred, going from 10.7 cases per 100,000 population to 6.7 in just one week. A drop of 37.4 percent.Sir Iain Duncan Smith reacted to the report, calling it "very good news" and saying that said it showed that ministers should only consider further local lockdowns as a "measure of the very last resort." Leicester is already seeing a decline in the rate of cases but the government warned that although positive news, residents should continue to abide by the rules.On our site today: Today's first article comes from our chairman, Shanker Singham. His article supports the creation of the Department for International Trade's Modelling Review Academic Panel and hopes that it will lead to modelling in government taking into account the ways in which an external trade policy agenda will contribute to economic growth. You can read the full article here.In our second piece, political strategist Helen Mayer looks at the prospects for Merkel's second EU Presidency and argues that with the Recovery Fund still to be agreed, the fallout from Covid-19 round the corner and a freshly unshackled UK on the block, she may have an uphill battle to keep the EU united. You can read the full article here.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[optomistic] 02/7/2020 15:06

Is it going to prove me wrong today and finish up at the days high?

[bargainbob] 02/7/2020 14:33

"Little Englander" was a phrase applied to a wing of the Liberal Party opposed to expansion of the British Empire in the 19th century, who wanted "England" to extend no farther than the borders of the United Kingdom. In the late 18th and 19th centuries the term was used for those Englishmen who looked upon the colonies of the British Empire as economically burdensome and wished the granting of self-government on them all as quickly as possible.

[alphorn] 02/7/2020 14:28

G2 - agree, that's right.

[grahamite2] 02/7/2020 14:18

Indeed Alphorn. But that would make Little Englanders the opposite of imperialists, which is what Brexiteers are often accused of.

[maxk] 02/7/2020 14:18

bbalanjones2 Jul '20 - 13:19 - 309074 of 309086
0 0 1

g2; If our species had more nous, the Little Englanders would realise how much they had been manipulated since serfdom was the common lot. War, for example, upon which so much 'pride' is based is always started by the political folk along with those 'supporters' who benefit most. The Little Englanders are manipulated as are the 'opponents' Little Nationalists to be mere cannon fodder.



Breathtaking one sided manipulation of the facts.

What about the €U waffle from the word go?

Common market, remember that? Not superstate in disguise.

[bbalanjones] 02/7/2020 14:12

Point of Order.: A good case could be made for LBG PIs to be some of the only true Patriots . . . in spite of current Markets/Politics etc. . . . it's either that or we're off the rockers!!

Hello Funny Farm?

[minerve 2] 02/7/2020 14:10

My definition?

= Moron or chimp

[alphorn] 02/7/2020 14:06

As simple as this - 'someone who opposes an international role or policy for England (in reality Britain)'.

Lloyds, as an investment, would suit these people perfectly. They might even notice the performance (lack of) of this approach. Lol

[bbalanjones] 02/7/2020 13:59

In as short a definition as I can currently manage : Little Englanders : Those who follow the diktats of the Big Englanders - The people of real power. . . . . . . . . and still think they have freedom!! lol.

In modern parlance the Big Englanders "Woke" first, . . . and have ever since maintained the status quo.

[grahamite2] 02/7/2020 13:56

Ah, jolly good. Getting rattled.

[bbalanjones] 02/7/2020 13:53

g2 : Sorry pal, have a closer look at British History. The Lords Rights for a regular "Wapontake" and The Fird. In those days however all 'Wars' were stopped for the Harvest. Can't let the serfs off work too!!

[grahamite2] 02/7/2020 13:49

bb, you still haven't defined "Little Englanders." Until you do, we must assume you do indeed mean patriotic lovers of liberty.

And what's serfdom got to do with anything? For hundreds of years after serfdom ended the common people had nothing to do with war, as cannon fodder or otherwise.

[bbalanjones] 02/7/2020 13:47

5xy : My my, wonders never cease! And I thought your vocabulary was limited!

Scuttlebutt was that 'you' were a bot. Please repeat "red tick " ten times on print for proof!

[xxxxxy] 02/7/2020 13:46

Brexit talks END a day early as stalemate hits - David Frost heads back to LondonBREXIT trade talks have broken up a day early with British and European Union negotiators failing to make any substantial breakthrough.Daily Express... No DealWTO

[xxxxxy] 02/7/2020 13:40

No DealWTO

[xxxxxy] 02/7/2020 13:39

No to Fudge Brexit.htTps://www.telegraph.co.uk/politics/2020/06/28/senior-conservative-mps-urge-uk-negotiators-reject-brexit-compromise/

[utrickytrees] 02/7/2020 13:36

Grieve is Blackadder.

[xxxxxy] 02/7/2020 13:34

Trade will flourish withoutBrexit deal, says WTO candidateHamid Mamdouh says the strength of UK's services sector will soften the impact of adjusting to a new trading relationship with the EUhTtps://www.telegraph.co.uk/business/2020/07/01/trade-will-flourish-without-brexit-deal-says-leading-wto-candidate/?li_source=LI&li_medium=liftigniter-rhr

[arjun] 02/7/2020 13:31

Afternoon, and further nice surprise would have been if it stayed above it!!

[bbalanjones] 02/7/2020 13:19

g2; If our species had more nous, the Little Englanders would realise how much they had been manipulated since serfdom was the common lot. War, for example, upon which so much 'pride' is based is always started by the political folk along with those 'supporters' who benefit most. The Little Englanders are manipulated as are the 'opponents' Little Nationalists to be mere cannon fodder.