Lloyds Banking Share Discussion Threads

[maxk] 24/8/2020 19:26

Excellent post jl5!


Lies, damned lies, and statistics. .. But why, what is behind the bogus stuff?

[xxxxxy] 24/8/2020 18:14

Trump.The Triumphant.

[xxxxxy] 24/8/2020 18:11

Keep pushing. We are out of the Prison EUSSR. Now lets cut and throw away the shackles. Remember all they really want is the Treasure House of the UK.No Deal.WTO.

[xxxxxy] 24/8/2020 18:08

Brexit talks –time for a reality checkAugust 24, 2020By Ben HabibI HAVE HAD a high regard for the writings of Caroline Bell (a nom de plume, I believe) but I must take issue with a number of assertions made by her in her latest article, Brexit Talks – a Matter of Perception.  I agree with her that the EU expects the UK to sign up to a deal with outrageous demands on our fisheries and control of vast swathes of our economic life. Its belief, however, is not born out of misreading the desperation of our government for a deal. It is born out of the terms of the Political Declaration, which make these promises. Our government's attempts to convert the Political Declaration into a straightforward free trade agreement flies in the face of the promises made when the UK signed the Withdrawal Agreement. By signing that agreement the government put itself in a weak position.  Brexit nerds should pick up a copy of the Political Declaration and read this for themselves. If you have not time to read the whole wretched document, read paragraph 73, which promises fishing quotas (wording unchanged from May's WA) and paragraph 77 which obliges the UK to align itself with state aid, competition, employment, environmental and tax laws such as they are in the EU and UK at the end of the Transition Period i.e. wholly adhering to EU laws.  Neither was it a coup for our government to convert the Northern Irish Backstop into the Northern Irish Protocol. The Backstop, just to remind readers, was the creation of Theresa May to avoid putting a border down the Irish Sea. By replacing it with the Protocol, the government gave the EU exactly what it first wanted – Northern Ireland. That Protocol has not just put a border down the Irish Sea, it has also bound Northern Ireland into dynamic alignment with EU state aid laws, excise duties, VAT, sanitary and phytosanitary standards and elevated the Court of Justice of the European Union to being Northern Ireland's supreme judicial authority in these and other matters. These undertakings threaten the Union of the United Kingdom – if they amount to a coup, it is one perpetrated against the UK! Finally, even though the EU has refused to recognise the UK's sovereignty as part of the negotiations that have thus far taken place, Caroline suggests there is no need to walk away from talks. She suggests that the UK should instead slip out without fanfare at the end of the year with no agreement. To adopt such an approach would be reckless. People and businesses in the UK need to ready themselves for a no-deal exit. They can only do this with some notice and awareness of the measures being implemented by government for such an eventuality. Indeed, it is already the 11th hour as far as the need for preparations are concerned.   I am afraid that Caroline's view of the status of the UK's position and our ability to elegantly exit the Transition Period on 31 December without a deal are mistaken. Faced with the outrageous demands made by the EU, the only sensible thing our government can now do is cease negotiations and prepare in earnest for no-deal. Carrying on as we are emboldens the EU, to our detriment and is, frankly, reckless.  Yes, ceasing negotiations would reveal the Prime Minister had nothing like the oven ready fantastic deal he championed. But better that then the awful deal that each day looks increasingly likely. 

[chavitravi2] 24/8/2020 16:43

0.5p up is better than down. The same everyday this week would be good.

[smartypants] 24/8/2020 15:52

Merry Christmas...?

Downing Street has played down the prospect of food and water shortages this winter if a no-deal Brexit coincides with a second wave of coronavirus.

A leaked document outlining the Government's emergency planning for a “reasonable worst-case scenario” painted a stark picture about the impact of both Covid-19 and a no-deal Brexit coinciding.

Town halls could go bust and troops may have to be drafted on to the streets if the economic toll causes public disorder, shortages and price hikes, and the military may be drafted in to airdrop food to the Channel Islands under the emergency plans drawn up by the Government.

It also says parts of the UK may face power and petrol shortages if thousands of lorries are stranded in Dover while shortages of medicines caused by port blockages could lead to animal diseases spreading in the countryside.

The classified document, dated July 2020, further warns that if trade restrictions triggered by a no-deal Brexit are combined with floods, flu and another coronavirus wave, then hospitals may be overwhelmed.

UK and EU negotiators warned there has been little progress during the latest round of post-Brexit trade deal talks last week and time is running out to broker a deal before the transition period comes to a close at the end of the year.

A Government spokeswoman added:
“As a responsible Government we continue to make extensive preparations for a wide range of scenarios, including the reasonable worst case.
At the end of the year we will be outside the single market and the customs union, whatever the outcome of negotiations, and intensive planning is under way to help ensure that businesses and citizens are ready to take advantage of the opportunities and changes that will bring.
This includes launching a comprehensive communications campaign to make sure everyone knows what they need to do to prepare."

“This is not a forecast or prediction of what will happen but rather a stretching scenario. It reflects a responsible Government ensuring we are ready for all eventualities.”;

[alex1621] 24/8/2020 15:50

Best pay them a visit, and then get on your soap box. You'll be well received.

[utrickytrees] 24/8/2020 14:54

It's worse than the wild west up there. .they still call their judges sheriff's I'm told...bloody heathens.

[utyinv] 24/8/2020 14:40

Sikhthetech,

You are right in many points you made. However, Sharma Omitted to
Point out to the masses that pensions rely on the bank profits. Does everyone know that pensions invest in income stocks like banks? You might be surprised to learn that having spoken to many people about the bank situation the reply was “ so what it’s more money in our pocket” when I ask where does the money come from to deliver their future pension income, they haven’t a clue. They think it comes from the tax payer ie treasury. When I advise them that the majority of pensions rely on income from stocks like banks their faces drop saying “oh I didn’t realise, I thought it was from savings”????? When I point out that savings can earn you 0.05% in interest the penny starts to drop!

Problem is schools should make economics and finance a mandatory subject where people become savvy before they are allowed to vote.

Maybe then we wouldn’t get so many people thinking free money is theirs for the taking. When they realise it will be coming out of their pockets their attitude changes almost immediately.

[grahamite2] 24/8/2020 14:35

According to The Sun Boris's location was leaked by locals, no doubt looking to make a few bob from paparazzi.

[sikhthetech] 24/8/2020 14:22

UTYInv,

"Alok Sharma where he said it’s now banks turn to help tax payers."

The govn will call the shots here, regardless of what anyone says... Remember the same thing happened when Lloy were 'told' to buy HBOS during the financial crisis..


"My MP states discussions are currently in place between the BoE and Banks to revisit the situation, especially as Sharma had omitted to mention most Pensions are invested in Banks."

What difference does it make whether Mr Sharma omitted to mention pensions. Why would he? Everyone knows that Pension providers/SIPPS etc invest in equities for dividend income, that's obvious.

The same could be said of investing in L&G for their dividend income. However, didn't they ignore the instructions and still maintained their dividend?
So banks could have done the same.


Remember the autumn budget is not far away and the govn is looking to increase income.
People seem to forget that the govn has borrowed more than 100% of GDP..

[utyinv] 24/8/2020 14:03

Once kids are back at school, people told to get back to work or resign then the economy can flourish as have other economies like the US, China etc

Where is the ambition and determination of people to get our economy back to strength?

When the chips are down, we all rally together to get things back to strength, or should do, that is the Brit Grit!

[spoonfed1] 24/8/2020 14:01

Everyone is out for their walks !

[optomistic] 24/8/2020 13:58

After lunch drop on time!

[chavitravi2] 24/8/2020 13:58

I see the Yanks were right on que again.

Just been reading about employers robbing the tax payers.
Employers claimed 63% of furlough money for people that were still working.
Of 9.4 million workers alleged on furlough 6 million were working.
Unscrupulous or what.

[utyinv] 24/8/2020 13:55

Sikhthetech,

I have written to a prominent member of the Cabinet (my MP) and tore into him about the Offensive comments made by Alok Sharma where he said it’s now banks turn to help tax payers. I stated that banks paid back every single penny plus interest and have also helped the economy out by turning a blind eye to the PPI claims which 90% of which were fraud.

My MP agreed and said Sharma was out of order in speaking out like he did. Obviously trying to buy votes from those who live in the North West.

My MP states discussions are currently in place between the BoE and Banks to revisit the situation, especially as Sharma had omitted to mention most Pensions are invested in Banks.

IMO Sharma is a chancer who probably knows people who lost money in the last financial crisis.

The capitalistic economy will prevail, recovery will soon be with us and bitter MPs like Sharma have had their collar felt by those above him. He ought to remember that he is supposed to be a Conservative and should follow Conservative policy to enhance and promote wealth creation not be a closet socialist

[arjun] 24/8/2020 13:54

And There we go Red!unbelievable...

[sikhthetech] 24/8/2020 13:30

UtyINV

The difference is the banks were told by the govn that they need to provide support... That came in the way of emotional blackmail that the taxpayers bailed out the banks during the financial crisis so now it's their turn.

I don't expect to see a divi until after the crisis is over.