Lloyds Banking Share Discussion Threads

[mitchy] 07/10/2020 10:28

7% increase in house prices with record mortgage applications. Due mostly to the suspension of stamp duties they say which ends in March.

[freddie01] 07/10/2020 10:27

A positive read amongst the gloom.


CEO Secrets: The graduates launching start-ups in lockdown


A surprising fact in the article for me is


Despite the uncertainty of lockdown, many people have taken the opportunity to start their own company.

Almost 50% more businesses were created in June 2020 than in June 2019, according to the Centre for Entrepreneurs. July set a new record with more than 81,000 businesses registered.

There is no hard data on how many of these companies have been started by new graduates. But anecdotally, many final-year students faced with fewer opportunities like entry schemes and internships, have decided to be their own boss instead.

[diku] 07/10/2020 10:24

The saying goes...shoot first ask questions later...or should I say throw money first ask questions later...under the circumstances...Labour would have done the same...




Sunaks throwing our money around like confetti...kin idiot.

[chavitravi2] 07/10/2020 10:23

It seems to me Germany is trying to twist the arm of other EU states to do a deal, France seems to be the sticking point. If positive news comes out there is a deal on the horizon I think this will take off. Mid to high 30's is possible imo.

[utrickytrees] 07/10/2020 10:15

Sunaks out of his depth. Just cos you've been at Nasa doesnt mean you can run Transport for London. He has no relevant experience.

[freddie ferret] 07/10/2020 10:09

From the JTC thread.

mroalan
7 Oct '20 - 09:54 - 88943 of 88943
0 0 0


The government is expecting one in three companies in the UK to fail
Posted on October 7 2020

"The National Audit Office has issued a stark report this morning. It refers to risks within the loan schemes made available to businesses with government backing to help them survive the coronavirus crisis."

Well thats baked into the cake,they know that and the longer this goes on the worse it will get,but i doubt they care,but there will be consequences here for the public who will to told we need to take stark measures to recuperate this money and it can,t be through taxation,could a bail in be on the cards?mro.

[utrickytrees] 07/10/2020 10:08

Sunaks throwing our money around like confetti...kin idiot.

[grahamite2] 07/10/2020 10:00

No surprise there, Max. It was estimated that 80% or 90% of the small firm loan guarantee scheme back in the 80s was used for fraudulent purposes.

Government and business don't mix - they are worlds almost wholly alien to one another.

[geckotheglorious] 07/10/2020 09:28

Freeports a mighty fine idea imo.
Especially if they result in the regeneration of some of the less prosperous places in the UK eg Hull.

[maxk] 07/10/2020 09:12

Taxpayers face £26bn bill from Bounce Back loan fraudsters

Up to 60pc of borrowers may default on their Bounce Back scheme loans after ‘hasty’ launch


By
Lucy Burton
7 October 2020 • 6:00am



Rishi Sunak's flagship coronavirus rescue loan scheme could cost taxpayers £26bn after being exploited by fraudsters and companies on the brink of going bust, the National Audit Office (NAO) has warned. ...

[xxxxxy] 07/10/2020 08:58

Vote for Free Speech.Vote for Honesty. Vote for Trump.

[xxxxxy] 07/10/2020 08:11

The chancellor has officially announced plans to set up post-Brexit "freeports" in Britain - special low-tax business zones aimed at attracting international trade to the UK.Rishi Sunak on Tuesday said the bidding process to become a freeport will be launched before the end of the year. Airports, rail hubs, and sea ports will all be eligible to apply for the status and the government is hoping to establish at least one freeport in each nation of the UK."Our new Freeports will create national hubs for trade, innovation and commerce, regenerating communities across the UK and supporting jobs," Sunak said in a statement.Freeports are special trade zones that do not function under the same tax rules as the rest of a nation. British freeports will enjoy simplified customs procedures and tax breaks on goods passing through.... Yahoo Finance

[k38] 06/10/2020 22:54

"He demanded from Merkel billions to contribute for American defence bills".F#hell careful.. you are worse (fake news) than CNN... Lol....

[diku] 06/10/2020 22:50

Stamp duty holiday upto 500k but high asking property prices...they will be saddled with debt...and as for those new build flats they are match box size...






Boris Johnson has promised to create 2 million more owner-occupiers by introducing 5 per cent mortgage deposits for first-time buyers to transform “generation rent” into “generation buy”.



The pledge was one of a series of ambitious promises in the prime minister’s speech to the annual Conservative conference, also including a massive increase in wind power, one-to-one tuition in schools and reform of social care.

In a speech delivered virtually and with no audience, Mr Johnson dismissed suggestions that he was suffering from the after-effects of Covid as “seditious propaganda”, but admitted he had been badly hit by the illness because he was “too fat”.

Mr Johnson said that it was “disgraceful” that levels of homeownership among under-40s had plummeted over recent years, forcing millions of people to “pay through the nose to rent a home which they can’t truly love or make their own”.

He said that he wanted to “fix our broken housing market” not only by building more homes but by making mortgages more affordable, with long-term fixed-rate deals available on a 5 per cent deposit for first-time buyers.

He said this would “give the chance of homeownership and all the joy and the pride that goes with it to millions who currently feel excluded”.


Mr Johnson said that the policy could create 2 million more owner-occupiers in “the biggest expansion of homeownership since the 1980s”.

“We will help turn generation rent into generation buy,” he said.

“We will fix the long-term problems of this country not by endlessly expanding the state but by giving power back to people – the fundamental life-affirming power of homeownership.”;

A move to 5 per cent deposits is likely to require change to regulations introduced in the wake of the 2008 crash to take risk out of the financial system.

[k38] 06/10/2020 22:44

Till now UK was a colony to Brussels like the rest of them. No more. Feel happy brexiteers.We took back all the power they stolen with fake promises from UK.NO DEAL!Brussels, is a corrupt organisation.Europe, is a fake union.Euro, is a fake currency.

[jl5006] 06/10/2020 22:32

Careful
Thought the commitment to Nato was 2% - none but the UK has paid its dues

[k38] 06/10/2020 22:32

Europe is like a boy who in his early life discover he like to dress and wants an operation to become a woman.Lol......The history of Balkans and and the two wars 1 and 2 give birth to European union and the reason was to avoid killing themselves and prosper economically... The truth is, Brussels wants power to control the rest of the world with bullets if they have to. The truth is, Brussels do not care about it's people!

[covid 19 deal] 06/10/2020 22:23

Dart the KUNT at LSe gone off...marshall wace ..goldmans..rats having a runover

[careful] 06/10/2020 22:10

usa, china, eu.

Each have a GDP of about $20 trillion.
The EU. is more or less undefended unless they rely on Nato.
The other groups spend about 2% of GDP on defence.
Even the tiny UK, GDP a mere $2.5 trillion, spends 2%.

Trump is right, the EU. should arrange its own defence.
He is no fan of NATO.
He demanded from Merkel billions to contribute for American defence bills.

France is a nuclear power, the EU. must get its act together.
Some in the UK are anti EU. can't rely on us.
A Dangerous World.

[jl5006] 06/10/2020 21:57

Careful
Ur cred is in Q.
Really it is now at nil

[careful] 06/10/2020 21:31

k38

They want a European Army because they do not think that they can depend upon Nato, America or the UK anymore.

The old defence of Europe consensus has broken down.
The ex communist eastern EU.states feel particularly vulnerable, fear Russia.

If you study European history you will have to agree that they have a terrible time over the centuries.

What are they afraid of?
Are you a nuclear disarmer for the UK?

Struggle to understand why you cannot work out these matters.

[scruff1] 06/10/2020 21:24

chavi
top bloke - what at BoE? I bet not many on here would call em top blokes. Even that top woman was banging her gums about negative interest rates - and about there being too many blokes at the top. Shes not a top bloke either IMO :-)