Lloyds Banking Share Discussion Threads

[xxxxxy] 21/10/2020 11:08

Nom Nom de Nom21 Oct 2020 11:04AMCodswallop.Barnier is posturing and spouting rhetoric to avoid blame for no deal.... Daily Telegraph...

[geckotheglorious] 21/10/2020 11:04

Surprised we're asking the French/Chinese when we should be doing what Poland is doing at the bare minimum...

"Poland Strikes $18 Billion Nuclear Power Deal With US"



Then there are also the new breed of mini nuclear reactors...

[alphorn] 21/10/2020 10:52

OH - that is why I added 'owned'. I don't know whether the LD's are CKD's.

[maxk] 21/10/2020 10:50

British shipbuilding gets boost as new support ships to be built by UK-led teams

Defence Secretary announces competition to build £1.5 billion Fleet Solid Support vessels in 2021

By
Danielle Sheridan,
POLITICAL CORRESPONDENT
21 October 2020 • 6:00am







UK shipbuilding has been boosted after the Defence Secretary announced that the three new support ships for Royal Navy aircraft carriers will be made by British-led teams.

A competition to build the new £1.5 billion Fleet Solid Support vessels to support HMS Queen Elizabeth and Prince of Wales as part of the Carrier Strike Group, which will undertake its first operational deployment next year, will launch in spring 2021.

While it will invite international companies to collaborate with UK firms, the Ministry of Defence (MoD) stressed that the successful manufacturing team must be led by a British company.

Ben Wallace, the Defence Secretary, said: "Shipbuilding has historically been a British success story, and I am determined to revitalise this amazing industry as part of this Government's commitment to build back better.

"The Fleet Solid Support warships competition will be the genesis of a great UK shipbuilding industry and allow us to develop the skills and expertise for the shipyards of tomorrow."

Lord Admiral Alan West, a former First Sea Lord, said: "I am delighted that the Treasury has at last seen sense and realised that ordering ships offshore is not the best thing either financially or in maintaining skills. This is very good news for British shipbuilding."

The announcement comes after The Telegraph revealed that British shipbuilding companies would be favoured for Government contracts under plans being considered by Boris Johnson's defence review.

The Integrated Review is understood to be considering changes to EU-derived rules that prevent the UK from prioritising domestic firms as part of a push to boost the UK shipbuilding industry at the end of the post-Brexit transition period.




More:

[our haven] 21/10/2020 10:44

To be fair Aiphorn Leyland DAF make all the rhd models here in the UK which helps the UK economy. Other than the domestic market, they will only be effected by Ireland and Malta in the EU. The rest of the third of the world which drive on the left are not in the EU.I know that they are a Dutch owned subsidiary but they are manufactured here for rhd.

[scruff1] 21/10/2020 10:44

Alp
manna for the good ones. Can be a big loser for others. Personally I prefer less of it being a bit of a plodder !!

[chavitravi2] 21/10/2020 10:36

Just looked. £to€ is €1.1006. Hardly moved since yesterday.

[chavitravi2] 21/10/2020 10:36

Just looked. £to€ is €1.1006. Hardly moved since yesterday.

[utrickytrees] 21/10/2020 10:33

M2 annoying dad lol.

[maxk] 21/10/2020 10:33

Here it comes...



Brexit trade deal is within reach, says Michel Barnier
EU chief negotiator's European Parliament speech appears likely to pave way for trade negotiations with UK to resume

By
James Crisp,
BRUSSELS CORRESPONDENT and
Gordon Rayner,
POLITICAL EDITOR
21 October 2020 • 10:12am





Michel Barnier offered an olive branch to Boris Johnson in the European Parliament in Brussels. CREDIT: Olivier Hoslet/AFP


A Brexit trade deal is “within reach”, Michel Barnier said before offering to meet all of the UK’s conditions to reboot negotiations with Brussels.

The chief negotiator said that both the UK and EU would have to compromise to get the agreement done in a conciliatory speech to the European Parliament in the Belgian capital.

Mr Barnier said, “We want a deal that will be mutually beneficial to both parties in respect of the autonomy and sovereignty of both sides. A deal reflecting a balanced compromise."

He added, “Despite the difficulties we've faced an agreement is within reach. If both sides are willing to work constructively, if both sides are willing to compromise.”

The speech was intended to satisfy a British demand that Brussels makes clear it will compromise, as well as the UK, to get a deal before negotiations resume.

UK Ministers welcomed Mr Barnier’s recognition of UK sovereignty, as the pound jumped to a one week high against the US dollar.

Mr Barnier also repeated his promise that the EU would negotiate “day and night” on all subjects, and on the basis of common legal texts, which were the UK’s other conditions before returning to the negotiating table.

The EU has an end of October deadline for the deal to be agreed. That will give time for the agreement to be ratified in the 10 weeks before the end of the year and the Brexit transition period and so avoid no deal.

Mr Barnier said, “We will seek the necessary compromises on both sides. In order to do our utmost to reach an agreement, we will do so right up until the last day that it's possible to do so, our doors will always remain open right up until the very end.”

Boris Johnson declared he was ready to “embrace” no deal on Friday, and that trade talks were over unless there was a “fundamental change” of approach from the EU. It was not immediately clear if the speech was enough for Britain to return to trade negotiations.

Lord Frost, Britain's chief negotiator, is expected to speak to Mr Barnier again by phone today - the third day running they will have spoken - with one Whitehall source saying they were "cautiously optimistic" that negotiations could be back on.

Ministers are currently studying the text of Michel Barnier's speech.The British optimism comes from Mr Barnier's public admission that there needs to be "compromise on both sides".

It is the crucial concession Number 10 has been looking for since EU leaders called on the UK to “move” on the major sticking points of fishing, the level playing field guarantees and the deal’s enforcement.

“It sounds incredibly positive that he’s talking about the sovereignty of the United Kingdom,” UK Business Minister Nadhim Zahawi told Bloomberg television.

The Telegraph exclusively reported on Tuesday that Mr Barnier could be in London for negotiations as early as Thursday. A Brussels source added that Mr Barnier could come on Thursday but "it is not confirmed".

One senior UK Government source said yesterday ministers were "hoping to hear more from the EU" before the end of this week. A second source said Mr Barnier could be in London on Thursday.


Ministers have some reservations about Mr Barnier’s tough language over the level playing field guarantees. He said it "remains a fundamental concern".

But Mr Barnier also praised British negotiators for exploring ways to soothe EU anxieties over fair competition.

“The past few weeks we've seen the UK are willing to look at this demand and to move forward and shift. They're willing to do things in a different way to what exists in current trade deals among other countries,” he said.

Mr Barnier also warned the EU “would remain firm and determined when it comes to defending the principles and the interests of each of the EU Member States and the European Union itself.”

He said that there would not be a trade deal unless a compromise was reached on fishing rights.

“There will not be a trade deal without a fair solution for fishermen on both sides and we will insist on this right up until the very end,” he said.

He added, “There needs to be mutual access to waters, and there needs to be a fair distribution of quotas for fishermen on both sides.”

Charles Michel, the European Council president, said, “Brexit was not our decision. And it was not our fishermen's decision. Stopping access to UK waters would cause extraordinary damage to our fishing fleets.”

“Yes, we want to keep access to UK waters for fishermen. Exactly like the UK wants to have access to our huge and diversified markets for companies.”

“The UK has a big decision to make,” Mr Michel said, “We want to deal, which is fair and balanced, but we’re also ready in case of no deal.”

[alphorn] 21/10/2020 10:30

scruff - yes, these 'snippets' are making some big traders very rich. Volatility is manna from heaven for them.

[freddie01] 21/10/2020 10:29

Yes Alphorn. Awful event.

[scruff1] 21/10/2020 10:27

Alp
Yep just read on FXStreet. Like you say snippets nothing much more.
Here's today's starter for 10. Most of my life I have always thought that a council leader was the executive power so to speak. The mayor's job was to wear big gold plated chains and take his wife in the official black limo to open garden parties, new buildings etc. This seems to have changed in Manchester. Why do they need both of them seeing as they both claim to respect their citizens cash?

[minerve 2] 21/10/2020 10:27

"Royal Mail launches doorstep parcel collections in ecommerce boom "

They are a bit slow. I could have told them to do that 3 or 4 years ago.

[alphorn] 21/10/2020 10:24

freddie - a good reminder - a terrible event.

[minerve 2] 21/10/2020 10:23

"You are TINY and insignificant, try and get used to it."

Have you looked in the mirror Little Englander!


ROFLMAO!

[freddie01] 21/10/2020 10:15

The Aberfan disaster was the catastrophic collapse of a colliery spoil tip in Wales on 21st October 1966.

The tip had been built on a mountain slope above the village of Aberfan, near Merthyr Tydfil, South Wales and overlaid a natural spring.

A period of heavy rain, for several days, led to a build-up of water within the tip which caused it to slide downhill in the form of slurry,

killing 116 children and 28 adults as it engulfed Pantglas Junior School, nearby houses and other buildings.

[alphorn] 21/10/2020 10:12

Oh, so your post Brexit Britain will be horse drawn? What breeds will you use?

Please also list British owned truck manufacturers. A clue, it may not be a long post.

[xxxxxy] 21/10/2020 10:04

More to life than greasy gearboxes.Brexit has to be sovereign and independent Brexit.Freedoms and Democracy matter a lot more than silly gearboxes.No DealWTO

[alphorn] 21/10/2020 09:56

A couple of snippets + forex move.

.........but who knows! ;)

[scruff1] 21/10/2020 09:53

846 - source?

[poikka] 21/10/2020 09:48

846 - really?

[mo123] 21/10/2020 09:36

British pound jumps as EU’s top Brexit negotiator says a trade deal is within reach.