Lloyds Banking Share Discussion Threads

[minerve 2] 13/12/2020 18:08

"Personal responsibility is needed."

Since when have the majority of the UK shown the potential for responsibility to themselves and to each other and to exercise self-discipline?

Fantasy to expect the UK to behave like Japanese or South Koreans.

[minerve 2] 13/12/2020 18:06

"To be fair, though, warnings were given along side the temporary easing."

You cannot leave discretion to chimps. This has been the problem all along. 12 months later and we haven't moved any further towards normality. The rate of vaccines is abysmal and will do nothing to bring the transmission rates down.

[diku] 13/12/2020 17:36

Is the 31 Dec deadline a bluff?...increase in Covid cases is working in favour for EU...keep pushing back deadlines...

[patientcapital] 13/12/2020 17:33

To be fair, though, warnings were given along side the temporary easing. The government can only do so much. Personal responsibility is needed.

[patientcapital] 13/12/2020 17:19

Germany locking down again amid discussion that it is getting out of control again. Will others need to follow suit one wonders? All adds to muddy the waters.

[geckotheglorious] 13/12/2020 17:11

Beware the DEBT
Developed markets’ total debt—government, corporate, and households—jumped to 432 percent of GDP in the third quarter.

Emerging market debt-to-GDP hit nearly 250 percent in the third quarter, with China reaching 335 percent, and for the year the ratio is expected to reach about 365 percent of global GDP. 



Most proponents of the modern monetary theory start their premise by stating that government deficits are matched by households and private sector savings, so there is no problem…Well, the only minor problem (note the irony) is matching one’s debt with another’s savings. 

If we understand the global monetary system, we will then understand that erasing trillions of government debt would also mean erasing trillions of citizens’ savings.

[minerve 2] 13/12/2020 17:10

Utricky

£ is a currency, it isn't Bitcoin.

Nobody wants to invest in the UK and then see the £ depreciate by another 15% in 12 months. Stability is needed.

Investors invest, speculators speculate.

[geckotheglorious] 13/12/2020 17:10

Judases abound in Switzerland it seems!!!



A SECRET AGREEMENT THAT ALLOWS CHINESE SPIES TO ROAM FREE IN SWITZERLAND WAS EXPOSED THIS WEEK

Details of a little known agreement between Switzerland and China that allowed Chinese "spies" to enter Switzerland at Swiss taxpayers’ expense have leaked this week. 



“Still could be worse. You could be inviting the PLA for manoeuvres with the Canadian army as Trudeau has done”

[alphorn] 13/12/2020 17:09

max - "if we have to" is a bit different to 'because we want to'.

It is and always has been the booby prize.

There is a worse scenario - No Deal on 01/01/21 followed by trade talks and a deal later in a few months. Companies have today's arrangements, followed by WTO and then onto another basis. This would be the mad hatters tea party. We should not discount it.

[utrickytrees] 13/12/2020 17:01

Why cant you run a pension fund if you dont know what the £'s doing Merv?

[xxxxxy] 13/12/2020 16:45

John Redwood@johnredwood4hA long complex legal Agreement that locks the UK back into many features of the EU that hinder us is not the Christmas present the UK needs.

[xxxxxy] 13/12/2020 16:40

Boris. Today I salute you.But you are going to have to keep it up. All the way.Thankyou

[mr.elbee] 13/12/2020 16:37

Joy I think you are right

[mr.elbee] 13/12/2020 16:30

tosh ...... he is the Cromwellian dictator of our times by HIS choice

there is and will not be any democracy here for a very long time.

[xxxxxy] 13/12/2020 16:28

Boris.Sovereignty.Is the key to success. Do not let it go. You are at present the Guardian of British Sovereignty. Also it is Democratic and Honest. No Deal WTO Liberty

[minerve 2] 13/12/2020 16:28

maxk

I understand it perfectly.

If we are going to do well under WTO why waste time delaying the decision?

How long have you Brexit numpties had to plan this?

[xxxxxy] 13/12/2020 16:25

Deadline my foot. Like this til Dec 31. Then Liberty Day.So.No DealThat is Reality. Thankfully.No DealWTOLiberty

[xxxxxy] 13/12/2020 16:23

Sterling surely. Or not.

[xxxxxy] 13/12/2020 16:21

In today's brief: Another missed Brexit deadline as leaders agree to continue Brexit talks; No deal still the most likely option, says Boris; EU move on 'lightning tariffs' issue; and Raab says Britain will protect its waters in event of no deal.Another missed deadline: It's deadline day for Brexit talks... at least it was supposed to be. Following a "constructive and useful phone call with Boris Johnson", Ursula von der Leyen confirmed that talks will continue past yet another deadline. Negotiators have been working over recent days, looking to overcome the remaining issues that are blocking a trade deal. It seems that in these talks, someone has moved and now the sides see a possible pathway towards a deal.Downing Street have also released their own copy of the Joint Statement confirming the extension. "Despite the fact that deadlines have been missed over and over we think it is responsible at this point to go the extra mile," it reads. No deal still most likely option, says PM: The Prime Minister has since held a cabinet meeting after speaking to the Commission President, in which he is said to have sounded downbeat about the prospects of a deal and talked about WTO being the default option. He also said he still wants to speak to European leaders and is ready to do so but Brussels continues to prefer that all communications happen through one point of contact.Since then, Boris Johnson has told broadcasters that "we're still very far apart on key things" and that "the most likely thing now is that we have to get ready for WTO terms - Australia terms". He said that the UK won't be walking away from the talks and will go the extra mile in negotiations but that we've made huge preparations for a no deal outcome. Boris also said he was prepared to "be as creative as we possibly can" in the talks but said that the UK cannot compromise on the "fundamental nature of what Brexit is about - us being able to control our laws, our fisheries".Last night, Number 10 had been saying that "as things stand the offer on the table from the EU remains unacceptable" and the prospect of a deal looked very bleak indeed. "The prime minister will leave no stone unturned in this process, but he is absolutely clear: any agreement must be fair and respect the fundamental position that the UK will be a sovereign nation in three weeks' time," the source said. The tone being struck by von der Leyen this morning is drastically different from that of last night. EU reacts to extension news: German Chancellor Angela Merkel said today that everything should be done to reach a trade deal between the UK and EU. "Every opportunity to reach a deal is highly welcome," she said at a news conference in Berlin. Simon Coveney reacted to the Joint Statement saying: "Time to hold our nerve and allow the negotiators to inch progress forward - even at this late stage. Joint statement on Brexit negotiations is a good signal. A deal clearly very difficult, but possible."Movement in talks over 'ratchet clause': Dominic Raab had been on Sky News this morning, laying the groundwork for the eventual continuation of talks. On Wednesday, Boris Johnson set out a specific objection to doing a deal with the EU and that was if Britain refused to follow EU rules in the future there would be automatic punishment. On Friday, von der Leyen rolled back on this demand, suggesting it was no longer true. Today, Dominic Raab was asked what the biggest specific objection was and he had a completely different one to that of Boris just 4 days ago. Instead, he says that in the event Britain doesn't follow EU rules in the future, they were worried that the punishment may be too severe and that tariffs may be imposed on too many things or on sectors unrelated to the area of dispute.As talks have continued it seems that the EU have dropped its insistence on a 'ratchet clause' which would have formalised the principle that both sides should keep up with each other's standards. Instead talks are focused on 'managed divergence' which the EU had previously rejected on the ground that it was too risky. Now the sides are trying to work out how unfair competition is defined and the process for triggering rebalancing measures as well as how extensive they will be - something that Raab alluded to.Either way, there has been progress but this doesn't necessarily mean a deal is on the horizon. It does however mean that the UK is actively pursuing conversations that would allow the EU to use 'rebalancing measures' for areas in which the UK is found to have gained an unfair advantage by a difference in standards. The EU originally wanted the ability to have the unilateral right to apply these measures but now the potential for an independent arbitrage system is being discussed with the potential for either side to trigger a 'distortion test'. We will protect our waters in event of no deal, says Raab: Over the weekend there has been a lot of debate over fisheries. Some in Brussels have come out to condemn the idea that Britain would protect its fishing waters in the event of no-deal. Reports say that The Royal Navy Police will be given the power to arrest French and other EU fishermen who illegally enter Britain's waters if no agreement is reached.The government is preparing legislation to extend the powers of the naval police so that they can board foreign vessels amid concerns about violent clashes in the Channel. This morning Raab confirmed that if we do leave on WTO terms, "we will of course enforce our waters around fisheries" and that EU fishermen would have zero guaranteed access.The media have been flocking to this story and getting comment from anyone who will condemn the idea, but have also been failing to mention the fact that the UK already has patrol vessels safeguarding territorial waters and protecting fish, the only difference in a no deal scenario would be that UK ships would no longer be enforcing EU rules as well.UK fishermen write to PM over distant-waters fishing: Some of the UK's fishermen have written to Boris Johnson to ask for confirmation that they will not lose their historic fishing rights to distant waters fishing off Norway, Greenland and the Faroes as a consequence of leaving the EU. They say that the Framework Fisheries Agreement with Norway does not guarantee this and have asked for clarification on whether or not they will be able to continue fishing again in January. You can read the full letter 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.