Lloyds Banking Share Discussion Threads

[sentimental rules] 20/5/2021 11:04

Elon has had a bung everywhere he's gone with these factories you ignorant moron

[sentimental rules] 20/5/2021 11:03

Bless old vermin. Thinks he's the only person to ever have a bit of moneyComplete loon

[mikemichael2] 20/5/2021 10:49

"Colonial Pipeline has confirmed it paid a $4.4m (£3.1m) ransom to the cyber-criminal gang responsible for taking the US fuel pipeline offline"

Oh Dear, floodgates open? This should never have been allowed.

[minerve 2] 20/5/2021 10:30

Sentiment

Jealousy will get you nowhere. I don't lie.

[sentimental rules] 20/5/2021 10:15

scum Remoaners kept claiming we lost Tesla investment because of Brexit. Invest in Britain, we are rebounding strong!

[poleaxe] 19/5/2021 22:04

Which Bank did you rob ?

[portside1] 19/5/2021 20:27

I am 73 retired at 50

[fenners66] 19/5/2021 20:25

Where you there on furlough pay as well ?

[asa8] 19/5/2021 18:51

There is no housing shortage it’s rubbish there is however a population crisis by the time fat boy is finished will all be living under canvas with a candle for warmth unless he bans them to

[xxxxxy] 19/5/2021 18:50

Will furlough morph into Universal Basic Income?May 19, 2021By Jonathan Saxty – 3 minute read CAN THE GOVERNMENT really afford to end furlough? While the unemployment rate unexpectedly fell to 4.8% in Q1 2021, this is in no small part thanks to the furlough scheme having protected over 11.5m jobs, while research from the Office for Budget Responsibility (OBR) suggests the UK's unemployment figure is set to increase.  As reported by City AM, around 2.2m people - 6.5% of workers – could be unemployed by the end of the year assuming the furlough scheme ends, again according to OBR forecasts. Meanwhile, research from the Resolution Foundation suggests just 62% of over-50s had returned to work after six months of becoming unemployed against 74% of those aged 16-29. This slow uptake in employment could present serious problems if furlough ends. "It is likely that things will get worse before they get better, as businesses potentially look to face a period of redundancies once the furlough scheme ends," according to Rod Knox, CEO of Virtual College. According to Professor Len Shackleton, research fellow at the Institute of Economic Affairs: "Hours worked are still eight per cent below pre-pandemic levels, there are still three quarters of a million fewer people in work, and well over three million remain on furlough." Meanwhile, Professor Shackleton said, "employment rates for particular age groups, namely young people and those over 50, are still lower than eighteen months ago." According to ING economist James Smith however: "Barring a return to tighter Covid restrictions, the fact that the job support is being offered until well after the April/May reopening phases should give firms enough time to rebuild their finances to be able to return most, if not all, of their staff from furlough." Of course, that remains a big if. As I have warned for months, and Robert Peston recently argued in the Spectator: "The prospect of the final easing of lockdown restrictions in England going ahead precisely as planned on 21 June is close to nil, according to ministers and officials. 'It is clear some social distancing will have to be retained, not everything we've set out for 21 June is likely to happen,' said a government adviser. 'But it is also possible some of the easing we've done today will have to be reversed.'"  There are already signs of potential local restrictions to come, allowing the Government to claim they did achieve an overall June unlocking just with localised exceptions. As such, how will Government end furlough? When the furlough scheme was extended until September – three months after the apparent June 'unlocking' - the Chancellor said: "I wanted people to have the reassurance that we were 'going long', beyond the end of the roadmap, because of course things might change. We wanted to accommodate even the most cautious view of exiting from the restrictions – hopefully that won't happen." Along with hiring Covid marshals and extending lockdown laws, and massive Covid advertising budget of circa £360 million it seems the ground is being prepared for a pseudo-freedom or, at most, a temporary respite.  As Ross Clark argued – also in the Spectator – while there are reports of increased hiring to come (of course assuming the good times will roll), there are concerns about inflationary wage increases, while "some staff who are still on furlough are enjoying their leisure time too much and show little sign of wanting to look for new opportunities - even if their old job is no longer likely to be there for them." According to Mr Clark: "The danger is that furlough morphs, or has already morphed, into a very expensive form of welfare." Furlough "is at risk of becoming a kind of universal basic income that provides people with a good living even when they are not in active employment" and if "allowed to drag on after the crisis is over, the costs to the economy in wage inflation could be huge."  I recall someone else making a similar point in March 2020 and again in November. Welsh First Minister Mark Drakeford has already revealed a plan for a proposed pilot for universal basic income (UBI), while one experiment in Finland saw 2,000 people paid just under £500/month, while supporters of UBI include the Adam Smith Institute – usually considered a right-leaning think tank.  

[cheshire pete] 19/5/2021 17:40

Minerve #494 "....I'm suprised you had that many upticks on this thread because there are many privileged landlords who invest in Lloyds who frequent this thread."


Your favourite landlord here lol....yet more bile directed at Landlords I see.

Question you should be asking is what are the alternatives to the private rented sector rather than venting your spleen at landlords providing a roof over peoples' heads.

Agree with earlier poster, Osborne did his best to dis-incentivise the prs. The best years were under Labour ironically, though labour politicians also rented property.

Can't see your problem, letting not risk free but if the risks are managed out it can be very rewarding long term. Good cash flow to the ISA and LLOY with juicy divis, happy days.

[bbalanjones] 19/5/2021 17:36

Meanwhile . . . . in Mug's alley . . . .

Bitcoin falls further as China cracks down on crypto currencies . . .

Buy on the dip . . . . ?? Mugsworth!