Lloyds Banking Share Discussion Threads

[interstellar1] 10/1/2021 14:41

“spectacular own goal”

“Britain is now losing its very strong position in trading of European equities in London,”

It’s a remarkably slender aspiration for an industry that accounts for around 7 per cent of the UK economy, supports around 1.4 million jobs and generates tens of billions of pounds of tax revenues and services exports.

But industry insiders say that this the natural outcome of a Brexit in which ministers prioritised issues like fishing rights and “sovereignty” over protecting one of the UK’s most lucrative export sectors.

“We’ve sacrificed financial services for a bunch of fish,” laments one.

[sabre6] 10/1/2021 13:24

Does MP stand for mug punter?

[lordbung] 10/1/2021 13:14

The Independent 9/1/21'Sacrificed for a bunch of fish': How the City of London got turned over by Brexit in week one.httPS://apple.news/APhrjq_gqQNqFQ3lKJfbkfg

[minerve 2] 10/1/2021 12:44

"next election"

Tick tock.

[k38] 10/1/2021 12:43

Sure.. the more damaging to the economy the better chances of him winning the next election.. what a hypocrite!!Earlier we heard from Labour leader Sir Keir Starmer, who warned the current lockdown rules "may not be tough enough".

[cobourg1] 10/1/2021 12:41

The bounceback loan scheme – which at the last count had extended nearly £45bn to more than 1.4m businesses – is fully underwritten by the Government, and might as well be written off now, so difficult is it going to be to recover much of this money.

But the £25bn lent under the coronavirus business interruption loan scheme is only partially backed by the state; quite a bit of this is going to stick to bank balance sheets.

In addition, banks are going to have to weather some big write-offs on office and retail property lending, much of which will already be in breach of loan covenants because of declining rents and valuations.

We can therefore expect a significant increase in bad debt provisioning when banks next come to report their results. Many of their downside scenarios already look fully baked in.

..........................................................................................................................................................................

Jeremy Warner in today's Telegraph. The results in February should make the situation clearer.

[asa8] 10/1/2021 12:33

Climate change try telling the Spanish just had the worst snowfall for 50 years

[mikemichael2] 10/1/2021 12:20

RATTLED lol.

[poikka] 10/1/2021 11:50

I've had Mr. E on filter for yonks - he's probably a contributor on Parler.

[utrickytrees] 10/1/2021 11:50

M2 the status driven bore.

[utrickytrees] 10/1/2021 11:44

Any decent tradesperson will be able to pick they're jobs & customers, only the very desperate would agree to work for u M2 :) U may want stuff doing atm but give it a few more years and you will become more reliant on people to do things for you, if you dont overhaul your attitude I predict your senior years will be extremely exasperating lol.

[geckotheglorious] 10/1/2021 11:42

JoeStalin
Post 328193

"Plenty of people do care. For it is the USA that has defended UK, and Europe from the Communists since 1945."

"NATO has defended us - USA is a NATO member, as we are, because of their self interest"

And the USA accounts for how much of total Nato spend / Total military capability??
80% + surely?

Without US NATO is redundant,a paper Tiger.