Lloyds Banking Share Discussion Threads

[scruff1] 15/1/2021 08:09

Summat wrong here. Oldham Council has offered GP's a £30 bonus for each vaccination given to a care home resident. FFS. How much are they paid? They have been in hiding during this pandemic whilst lots of lowly paid workers such as check out girls have just got on with it. No doubt their reward will be a council tax rise to help fund the GP's bung for simply doing their job. Politicians just love giving people's money away on hair brained ideas. How about giving teachers £25 for each child's book they mark?

[maxk] 15/1/2021 08:07

Money has lost all meaning ... unless you havent got any.

[xxxxxy] 15/1/2021 07:21

Government borrowingBy JOHNREDWOOD | Published: JANUARY 15, 2021A contributor asked for an update on government debt.The UK had a difficult borrowing problem in the IMF crash of the mid 1970s when the country ran out of foreign currency to borrow and had to make emergency cuts. The IMF supervised a programme of lower public spending in return for loans.It had a bit of a domestic borrowing problem in the 1980s as a Conservative government tackled the large inherited borrowings. Interest rates rose to high levels to persuade people to take state debt as investments. As spending came under better control so rates came down, helping economic recovery.It had a worse borrowing problem during and after the banking crash of 2008. State debt was high going into the crash alongside very high levels of private sector borrowing. Both sectors reined in in the last months of the Labour government. The incoming Coalition, contrary to media reports, raised the levels of state borrowing over their tenure.On each of these occasions debt interest was over 3% of GDP or 6-7% of total public spending. It was considerably higher immediately after the war when state debt was 250% of GDP reflecting the need to spend and borrow to win the war. Patient work brought the debt under better control in the 1950s.People ask me if we can afford the sharp build up in gross debt brought on by the policies chosen to deal with the pandemic. I am pleased to report that we can afford it, because interest rates have tumbled so much and because the Bank of England is buying in substantial quantities of the debt. The latest official predictions show net debt interest as a percentage of GDP falling to a tiny 0.8% of GDP next year as debts are rolled over at low rates and as the Bank completes its buying programme. This means debt interest will be at its lowest for the post 1945 period. There is no need to count the interest paid on the debt owned by the Bank of England, as taxpayers and government get that receipt.The Uk government today can borrow money for 10 years at 0.29%. The stated debt is a large 105% of GDP, but the state itself will own £875bn of that so the true figure for the actual net debt owed by the state is around two thirds of GDP.These are unusual times when the US, UK, leading EU countries and Japan can all borrow at around zero very large sums of money. It is still not a good idea to go on borrowing at scale for too long, and never a good idea to waste money borrowed. The immediate need for high borrowing is necessary to subsidise people and companies that are prevented from working by lock downs. The sooner we can unlock, the sooner we can get our finances under better control.The good news is there is no need to worry yet. Markets are allowing all the major countries to borrow plenty at ultra low rates of interest, underpinned by Central Banks buying up a lot of the debt. This only has to change were inflation to pick up, which so far it has not. Japan has been doing this now for several decades with no inflation, with gross state debt at 250% of GDP but net state debt around half that and the interest burden very low.

[tygarreg] 15/1/2021 00:30

Minerve, I see you are not yet fully on board with the new Britain outside the EU.Are you now campaigning to rejoin, or just wallowing in self pity for the rest of your life?

[stonedyou] 14/1/2021 23:18

BURIED TREASURE IT worker begs for help to find hard drive containing £220MILLION in Bitcoin he threw away – and offers £55m reward


A COMPUTER geek who threw away a hard drive containing £220million in Bitcoin has offered his local council a £55m reward to find it.

James Howells, 35, stored 7,500 Bitcoins on his PC in 2009 when the digital currency was practically worthless.


He later forgot about the stash and accidentally threw away the hard drive at a council landfill site in 2013 near his home in Newport, Wales.

The price of Bitcoin has since soared and his 'virtual wallet' now amounts to around £220million.

IT engineer James has previously appealed to the council to search the city’s landfill site - but keeps getting rejected.

He hoped a 25 per cent reward (roughly £55m) would be an incentive, but killjoy council chiefs say they are bound by their licencing permit.



James said: "I had two identical hard drives and I threw out the wrong one.

"I know I'm not the only person who has ever thrown out the wrong thing but it usually doesn't cost people over £200million.

[maxk] 14/1/2021 23:17

The BBC is the greatest thing since ........ fill in the dots, anything will do

[jl5006] 14/1/2021 23:12

Max
Admiration for BBC bias?
Y

[jl5006] 14/1/2021 23:09

Stoned - it enables me to my local weather forecast

[maxk] 14/1/2021 23:08

Yes polar. You need to register if you want to comment/vote.

I'm not going to do that, so they can breath easy .. one less negative vote.

[jl5006] 14/1/2021 22:59

As an account holder yes Polar 855
Difficult to find a score cos they are biased and just charge me for not watching.

[minerve 2] 14/1/2021 22:51

These brexit dividends are coming through thick and fast.

Wherefore art thou brexitards? There are people lined up to make fun of you!

[minerve 2] 14/1/2021 22:49

Stoned you

You can't even use a keyboard correctly and you think anyone cares to listen to you about a professor who uses computer models?


YOU MUST HAVE CAT PUKE FOR BRAINS.

[minerve 2] 14/1/2021 22:41

He could have been right thicko, and still can. CJD on certain genetic cohorts is still unknown.

Start learning abit more about these things before you post you old slug (of shame)