Lloyds Banking Share Discussion Threads

[utrickytrees] 08/2/2021 14:56

If border checks for goods is anything like border checks of british passport holders who have EU residency I'm not suprised it's a shambles. The EU dont know what they're doing...fkin bellends.

Under the divorce deal, U.K. nationals living in the EU by the end of 2020 should be able to enter and leave the Schengen Zone without having their passports stamped if they can prove that they are resident in the host country. That can be done by, for instance, showing a residence card or proof of having applied for a residence permit.

But POLITICO has heard of at least five cases in France, Germany and The Netherlands where border officials have insisted on stamping the passports of all Brits

[poikka] 08/2/2021 14:55

Don't fret, max.

"The mutations seen in South Africa change the part of the virus that the vaccines target.

It means all the vaccines that have been produced so far are likely to be affected in some way.

Trials for Novavax and Janssen vaccines that were carried out in South Africa showed less effectiveness against this variant. Both are currently before the UK regulator.

Therefore the news about the Oxford-AstraZeneca does not come out of the blue."

Pfizer wasn't mentioned as being effective against the SA version, but maybe the bbc forgot to mention that.

In any case, the vaccines still appear to, maybe, prevent serious effects. The news will no doubt change as more information comes to light.

Maybe we're going to have to get used to bouts of mild flu until we build-up natural immunity.

[minerve 2] 08/2/2021 14:37

mm2

Perhaps we should call it the 'Elon Bubble'? He does know how to attract morons through his Twitter account mainly with respect to PayPal and Tesla: the two companies he wasn't a founder of. ;)

He has hyped up the market value of Tesla which will never match the underlying company's fundamentals IMO. He has used this hyped value in Tesla to raise 'free money' into Tesla and hence into Bitcoin. Essentially he has done it 'for free' but in reality Tesla investors will pay the price and pay it very badly. So Bitcoin and Tesla will collapse together IMO. I wouldn't be impressed if I was a shareholder. I would have sold on that news if I hadn't done already.

Once the interest rate cycle starts to turn, or should that be 'if', who knows, then the morons will question their investments in Tesla AND Bitcoin because borrowed money will start to cost again and the opportunity cost of not being in true investments - those which generate cash flow - will become more apparent.

Watch this space, Minerve will be proven right.

If anyone doesn't believe me I suggest they study the junk bond market of the 80's and early 90s.

[extrovert] 08/2/2021 13:49

Most older people have paid tax and NI all their working lives from age of 16 -65.
A big percentage of young people have paid sweet FA and do not want to work hard for their money. A lot are always looking to make easy money and think it is their divine right to have a house/holidays/all the mod cons as soon as they start work. The gov should be looking to tax those who have most money instead of turning a blind eye to all the corruption and dishonesty they use to get it. Old timers have paid in their dues, a lot today are taking out but have put nothing in.

[jmid1000] 08/2/2021 13:29

It's not as simple as protecting old people unfortunately, as if the nhs can't sustain elderly people being omitted to hospital, then every age is affected if they need assistance for anything else! Everyone suffers, not just the old

[gbh2] 08/2/2021 13:25

Look ok to me.

[scruff1] 08/2/2021 13:23

I thought LLoy still had an international banking division. Am I wrong?

[xxxxxy] 08/2/2021 13:19

Luke Sales 8 Feb 2021 1:06PM@maria - I'm afraid I'm going to upset you by saying that children's lives matter more. They are the future and they are being incredibly disadvantaged by the lockdowns. Old people have lived their lives and it is time for them to move aside. What on Earth is the point of destroying everyone else's lives for the sake of the elderly? It's immoral... Daily Telegraph

[xxxxxy] 08/2/2021 13:18

Luke Sales 8 Feb 2021 12:48PMTime to tell the old people we did our best but unfortunately they're not going to live forever and it would be ENTIRELY EVIL to sacrifice millions of children's childhoods and education to keep the older folk wrapped up in cotton wool.... Daily Telegraph

[maxk] 08/2/2021 13:13

Oh dear...




Live Coronavirus latest news: Oxford vaccine may be only 10% effective against South African variant, study suggests

Sarah Newey India McTaggart Gareth Davies
8 FEBRUARY 2021 • 1:04PM
Follow


The Oxford-AstraZeneca vaccine is only 10 percent effective against the South African variant of coronavirus, the most recent study suggests.

Prof Shabir Madhi, who led the latest trial of the Oxford vaccine against the South African variant, told the BBC's Radio 4 Today programme: "The results that we now describe against the variant, the point estimate is 10%. Clearly, that is far off the 60% mark and, even if you had a larger study you are unlikely to get to a vaccine efficacy readout of even 40 or 50%.

"What the study results really tell us is that, in a relatively young age group demographic – with very low prevalence of morbidities such as hypertension and diabetes etc – the vaccine does not protect against mild to moderate infection."

Some 147 cases of the South African variant have so far been identified in the UK, with experts warning these are likely to be the "tip of the iceberg" due to the fact they are the result of random checks on five percent to 10 percent of all positive tests.

Meanwhile a US study of 20 vaccine recipients has suggested that the Pfizer-BioNTech vaccine is effective against the variant that emerged from South Africa. The trial found it neutralises virus with both the N501Y and E484K mutations which have caused concern about efficacy.

Boris Johnson has said vaccines "remain a massive benefit to our country and the population".

"We think that both the vaccines that we're currently using are effective in, as I say, in stopping serious disease and death," the Prime Minister told reporters this morning.

"We also think in particular in the case of the Oxford AstraZeneca vaccine that there's good evidence that it is stopping transmission, as well, I think 67% reduction in transmission."

[xxxxxy] 08/2/2021 13:12

REVEALED: EU firms can pay Bulgarian workers 1/5th of minimum pay in UKHow the EU undercuts UK businesses using its low minimum wages?© Brexit Facts4EU.Org 2021Latest figures show EU's shockingly un-level playing field which UK companies must compete withThe latest official figures on minimum wages in the EU show just how un-level is the 'playing field' which the EU talked about incessantly in the run-up to the trade deal signed by Boris Johnson on 30 December 2020.Our Brexit Facts4EU.Org analysis of the EU's latest official data shows that a German manufacturer basing its factory in Bulgaria would have to pay its least qualified workers less than 20% of the rate a British manufacturer would have to pay its workers in the United Kingdom.When the EU demands 'fair competition' and a 'level playing field', most people would consider this to involve similar labour costs and workers' rights. This is not the case. The UK is undercut by competition from EU countries with far lower wages and significantly fewer workers' rights.BREXIT FACTS4EU.ORG SUMMARYWhere is the 'fair competition' from the EU?6 EU member states have no legal minimum wage at allThe UK's minimum wage is 64% above the EU averageFour member states have minimum wages which are less than one-third of those in the UKThe EU still has no minimum wage legislation, 23 years after the UK led the way?© Brexit Facts4EU.Org - click to enlargeOn workers' rights, the EU still lags behind the UK by over 20 yearsThe situation is just as bad when it comes to workers' rights. It was the UK that led – and leads - the way on this. For example the standards for statutory holiday entitlement and maternity pay are far higher than in the EU, as we have previously reported in detail.EU workers' and women's rights laws are lower than UK'sUK statutory paid holiday entitlement is 28 days, in EU only 20 daysMaternity leave – UK: 52 weeks, EU: 14 weeksUnder EU laws, the British people's rights would decreaseLast October the EU Commission announced that it would be bringing in a 'Directive' on minimum wages across the EU. However 23 years after the UK enforced a national minimum wage, the EU still proposes to make their own version voluntary.Buried down in the EU Commission's communication about this new Directive was the following:"It does not oblige Member States to introduce statutory minimum wages,nor does it set a common minimum wage level."In other words, 23 years after the UK led the way and introduced a national minimum wage in 1998, the EU will still not have one, and furthermore it will not compel member states to introduce one.The EU talks but does nothingLast October the President of the European Commission Ursula von der Leyen said:"Today's proposal for adequate minimum wages is an important signal that also in crisis times, the dignity of work must be sacred. We have seen that for too many people, work no longer pays. Workers should have access to adequate minimum wages and a decent standard of living."?OBSERVATIONSWe would love to keep the team together, working for youUnfortunately some people now think Brexit is "done" and not surprisingly the whole Covid thing has hit the level of donations we receive, which were already less than we needed to survive. We are most grateful to readers who have donated this year, but we badly need more readers to do the same. 10 readers donating £500 per month, or 50 readers donating £100 per month, or 1000 readers donating £5 per month - on top of the one-off donations and monthly donations we currently receive, this would just about keep us going.Sadly, the challenges of seeing Brexit through are not the only concerns we face. Freedom of expression and the basic principles of democratic accountability are under attack as we have never seen before. We have far more to do in researching, publishing, campaigning and lobbying Parliament than we have in terms of the financial resources to fulfil these tasks. We rely 100% on public donations from readers like you. Unlike the Remain/Rejoin camp, we do not have foreign billionaires to subsidise our work.

[utrickytrees] 08/2/2021 13:11

You've only got to go to Gibraltar to see what a bunch of clowns the EU are at the border. If I were an exporter to the EU I'd have found new markets months ago. Theres no end to anti Britsh sentiment, spite hatred & jealousy. Barnier said as much only last week.

[minerve 2] 08/2/2021 12:40

"Did the haulage industry say why?"

No reason, just happened.

[mikemichael2] 08/2/2021 12:38

I'm sucking Min!!!

[maxk] 08/2/2021 12:31

Did the haulage industry say why? Cos the ol brexit excuse is wearing a bit thin.

[alphorn] 08/2/2021 12:30

Lloyds sold its international private banking business to Switzerland's Union Bancaire Privee in 2013. The fad to becoming domestic, followed by many. Tesco and Aviva in the process today.

[minerve 2] 08/2/2021 12:29

The UK’s haulage industry has called for “urgent intervention” from the government to address what it says are enormous challenges facing critical supply chains because of Brexit.

The Road Haulage Association estimates that the volume of exports from Britain to the EU dropped by up to 68 per cent in January compared with the same month last year.





Oh, that gift! ;)

Guffaw

[diku] 08/2/2021 12:28

Problem is over the years heaps of financial instruments are overly linked together...the saying goes more buyers and the share price rises and more sellers and the share price goes down...how true is it?...

[crazi] 08/2/2021 12:25

Alphorn - less so (don't like any shorting) but at least it's not attacking a specific company.

I seriously doubt there will be much of a deal with the EU. They have the total upper hand so why would you give that away. Ultimately speaking Lloyds is Domestic so EU dealings shouldn't affect the share price. Some banks with trading wings it will affect. Switzerland has been trying to get a deal with the EU for 20 years and still at it :-)

If Lloyds open an Investment Division just make sure they have various internationally registered branches and as it's new any profits are all a win. Other banks Investment Divisions trading any less will be less profits so will have an impact.

[diku] 08/2/2021 12:18

Not followed it up but wasn't the financial sector deal on Brexit still outstanding?...access to free market...or is it all done...