Lloyds Banking Share Discussion Threads

[xxxxxy] 18/12/2020 14:04

We have seen and witnessed that the EUSSR is no friend of the UK. End of.Remember to continue the Boycott of the goods and services of the EUSSR.No DealWTOLiberty

[xxxxxy] 18/12/2020 14:02

This is our last scheduled daily briefing this year but if and when a deal is reached, we will be back to cover it with another brief, so look out for that in your inbox. We wish you all a Merry Christmas and a Happy New Year. We would also like to thank those of you who have supported us financially over what has been a difficult year for so many of us.Today: EU have to move or it's no deal, says Boris as Brussels demands over fisheries and state aid are branded 'offensive' and 'unreasonable'. Meanwhile, Gove puts chances of a deal at 'under 50%' and warns EU there will be no Brexit talks next year if negotiations fail.Negotiations in 'serious situation' as Barnier warns of time constraints:  Barnier has been addressing the European Parliament this morning where he warned that "just a few hours" of negotiating time remains for the UK and EU to strike a Brexit trade deal. The EU's chief negotiator said that it was the "moment of truth" for talks as we run late into the final month. "We have very little time remaining, just a few hours to work through these negotiations in a useful fashion if we want this agreement to enter into force on the first of January," he said. Yesterday Boris Johnson said that the talks were in "a serious situation" and that Britain was "very likely" to leave without a deal unless the EU's position changed "substantially". Both sides recognise that the area of post-Brexit fisheries is where they are furthest apart and Ursula von der Leyen said that it would be "very challenging" to bridge the "big differences". The EU Commission President and Prime Minister Boris Johnson had another phone call last night to discuss the state of play. EU position needs to 'shift significantly' or it's no deal: In a statement issued after the phone call, No 10 said: "Boris Johnson had said that we were making every effort to accommodate reasonable EU requests on the level playing field, but even though the gap had narrowed some fundamental areas remained difficult."On fisheries he stressed that: "The UK could not accept a situation where it was the only sovereign country in the world not to be able to control access to its own waters for an extended period and to be faced with fisheries quotas which hugely disadvantaged its own industry."Ultimately, Boris's assessment of the talks was a lot bleaker than that of recent days and that of the Commission's own assessment. "The EU's position in this area was simply not reasonable and if there was to be an agreement it needed to shift significantly," the statement read. No Brexit talks in New Year if negotiations fail: Speaking to the House of Commons Brexit committee, Michael Gove put the chances of a deal at "less than 50 percent". He also made clear that, should negotiators fail to reach an agreement, the UK won't seek to continue negotiating a trade deal with the EU next year. "That would be it. We would have left on WTO terms," he said. "It is still the case of course that there would be contact between the UK and European nations and politicians as one would expect. But what we would not be doing is attempting to negotiate a new deal."EU demand 8 year unfettered access to British waters: So what is causing the downbeat assessments this morning? Well, the Telegraph understands that two sticking points remain in the negotiations. One is the length of the transition period for fisheries and the other is a specific EU demand on state aid. Regarding the fisheries issue, sources say that Brussels wants 8 years of unfettered access to British waters after the transition period ends, with just 20 percent of its current quotas handed back. The UK has offered a 3 year transitional period but this is on the condition that the EU hands back at least half of its current take. ...and exemption from state aid rules: The second problem is on state subsidies. The EU wants any state aid granted at the EU level to be exempt from the deal. This would mean that whilst Britain could be punished with tariffs if it decided to give state subsidies to industry, the EU would be free to subsidise industry as much as it wanted, provided the money came from Brussels rather than national governments. Boris has made clear to Ursula von der Leyen that these terms were unacceptable and that if the EU wanted to get a deal done, it would have to considerably change its position. 'Offensive' and 'unreasonable', say sources: Brussels' demands in talks have been branded "offensive" and "unreasonable" and it is easy to see why. One source told the Sun: "What they're asking us to sign is bordering on offensive." Others said that what Brussels was proposing was hardly a level-playing field.Speaking on the issue to the Brexit committee, Gove said: "You would have a situation where the EU, at the level of the 27 member states could provide support, let's say, for the production of electric vehicles, but if the UK said we too want to use government money to pump-prime that new technology, then the terms which the EU wants us to agree would mean that we would be prevented from doing so." He added: "We think that that is a fundamental problem. The EU has sought for itself, freedom from restraints, that they won't grant us."Barnier wants ability to punish financial services: Despite all this, Brussels still seems to believe that a trade deal is on the horizon with Barnier telling MEPs that, despite warnings from the British side, a Brexit trade and fishing deal is possible this weekend. Barnier also said that EU demands for "cross retaliation" in enforcement sanctions that will include the City of London, despite financial services not being part of the deal, were another final sticking point as well as a guarantee that Britain will not discriminate between EU citizens from Western EU countries and poorer nations such as Romania when granting work or residency visas.On retaliation against the City of London, a British source said: "Our view is that cross-retaliation in areas that are unconnected risks creating instability and unpredictability." Frost has insisted that financial services be excluded from enforcement mechanisms but Barnier says this is not acceptable.Hold firm Boris: Boris has sent MPs home for Christmas and negotiations continue in Brussels today but the big question everyone is asking is will they be back in Westminster to vote on a Brexit trade deal before the end of the year? Well, Boris has made clear that as things stand it's no deal and if the EU's position doesn't change will we walk away on WTO terms. The PM has, so far, refused to walk away from the talks for good, giving them every chance to succeed. However upon hearing the current negotiating position of the EU, no one could fault Boris, or indeed any Prime Minister, for telling the EU these terms are simply unacceptable.As we go into the Christmas break, Boris will need to stick to his guns in the face of pressure from Brussels because... as we all know... no deal is better than a bad deal.Preparing for change: On our site today, Alastair MacMillan, CEO of White House Products releases his third instalment of 'A deal with the EU is for life not just for Christmas' in which he discusses preparing for the end of the transition period and explains why he believes that in the long run we are still best to go with a so-called No Deal. 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.

[alphorn] 18/12/2020 14:00

max - he has backed himself into a corner. Lose/lose would be some achievement.

[maxk] 18/12/2020 13:56

Alp.

Doris, whatever his own opinion, cannot sign up to the type of terms on offer.

It would be like allowing the opposition team to supply the rulebook, plus the referee and final judges.

It cant be done.

[alphorn] 18/12/2020 13:43

"Boris Johnson said EU negotiators must “bring something to the table” in Brexit talks to avoid the UK crashing out the single market without a deal and forced to trade on WTO terms from 1 January".

ie. to avoid the booby prize.

If that option was so great there would be no waiting and no 'forcing'. Even an Exiteer should grasp that.

[johnkettleyistheweatherman] 18/12/2020 13:41

no one forgets that gecko

we all remember his treacherous filthy act


vile man

[geckotheglorious] 18/12/2020 13:32

Who can forget Geldorf on a boat full of monied celebs flicking the bird at hard working fisherman who have been screwed royally since 1973.

[maxk] 18/12/2020 13:28

For hysterical ranting, shurely the prize must go to to Min's best mate..Geldorf.

[grahamite2] 18/12/2020 13:20

LOL Ekuuleus!

Although, if you change the text slightly - without the efforts of you and people like you, the leave campaign would have failed - it becomes literally true.

How many remain votes were lost through the hysterical ranting of Tony Blair, Eddie Izzard, Peter Mandelson and a hundred other clowns like Minerve?

[ekuuleus] 18/12/2020 13:05

My journey against the EU started a long time ago. About 20 years ago buying the kids toys. It's a legal requirement that a toy that can play tunes plays ode to joy.

I love ode to joy, but to use babies toys as a political tool to indoctrinate children I found odious rather than ode to joy.

Keep up the good work Minnerve. Without your efforts, the leave campaign would have failed.

[johnkettleyistheweatherman] 18/12/2020 12:57

Gordon hit the nail on the head there






Why is being pro UK "Little Englander" inferiority?

Brexiteers want to liaise with the WHOLE WORLD on our terms,not the EUs.
Remainers seem to be Little Europeans, scared of freedom,independence and being responsible for ourselves.

Why is that?

Probably because they are spinless cowards.

[minerve 2] 18/12/2020 12:54

No, no poverty. No poverty at all.

UNICEF are just giving handouts to the local kids for fun.

What a TORY numpty.

Typical Tory PIG is our grahamite.

Stuff your fat face this Christmas Grahamite, I hope you choke on it because I'd rather not see you here next year. The future has no place for you.

[cheshire pete] 18/12/2020 12:51

LLOY down....market getting nervy about no deal again. Boris is going for it. EU think he'll bottle like everyone else they've tried to bully. He won't though: Boris our lionheart hero.

[maxidi] 18/12/2020 12:51

pal44
Max dont knock it too much dude the vaccine is made in Germany !

PAL so was Thalidemide!

[maxk] 18/12/2020 12:23

Michel Barnier has told the European Parliament it is the "moment of truth" in Brexit trade talks, with "just a few hours" left to reach a deal.

"It's the moment of truth. We have very little time remaining, just a few hours to work through these negotiations in a useful fashion if we want this agreement to enter into force on the first of January," he said. "There is a chance of getting an agreement but the path to such an agreement is very narrow."

Mr Barnier doubled-down on Brussels' demand to link a fisheries agreement to trade deal, giving the EU power to retaliate if EU fishermen are shut out of UK waters.

If no deal is agreed before transition, he suggested that negotiations would continue after transition. "If it is not today, it will have to be later," he said.

Speaking to Sky News this morning, Mr Gibb said it was a "very serious situation", adding that while the UK was hopeful of reaching a compromise "we can't be the only nation on earth that doesn't have control of its own waters, its own borders."

The schools minister added: "We want a free trade deal but the EU will have to move if we are going to secure it. We will do everything we can to get a free trade deal, but we are prepared for a no deal arrangement."

[geckotheglorious] 18/12/2020 12:04

Mister Elbee.

Bolsonaro thinks Covid is just the FLU is why.
And his 98 year old mum,well, she is in fine fettle...and doesn't want to deprive someone in worse health than her of the jab!

[stewart64] 18/12/2020 12:03

Oh Dear the Nation's future and finances in the lap of someone who's allegedly frittered millions in divorce deals..worth less than Corbyn I believe who himself only has a house and gold plated pension.
Not aversed to WTO but could have been planned better and not like the rest of Bozza's life on the hoof.

[geckotheglorious] 18/12/2020 12:02

Why is being pro UK "Little Englander" inferiority?

Brexiteers want to liaise with the WHOLE WORLD on our terms,not the EUs.
Remainers seem to be Little Europeans, scared of freedom,independence and being responsible for ourselves.

Why is that?

Probably because they are spinless cowards.

[xxxxxy] 18/12/2020 12:01

Nigel Farage@Nigel_Farage·16hFollowing yet another phone call between Boris Johnson and Ursula von der Leyen, she repeats both sides are working on a "Partnership Agreement".

[geckotheglorious] 18/12/2020 12:00

scruff1
Post 325233
"Gecko
One of the main tenets of conservatism is less government more personal choice/responsibility"

Agreed.
Most politicians are not worth their salt these days. In fact much of local and central Govt could be done away with if the basics were done properly.

I share your concerns and fear when it comes to vote fiddling,cheating, lack of probity,and downright dishonesty we have not seen anything yet.

[minerve 2] 18/12/2020 12:00

Barnier warns EU-UK trade deal talks reach ‘moment of truth’


Oh yes, moment of truth alright.

He he.