Lloyds Banking Share Discussion Threads

[utrickytrees] 14/6/2021 20:41

Arja go to bed u fkin moron.

[arja] 14/6/2021 20:25

tricktrees ,
your most stupid comment is below. they do not need to vote 100% for remain
you clown as that is NOT how democracy works . If it was , we would still be in EU !!

Arja, u paint the picture that Scotland & NI Ireland exclusively voted to remain....they didn't u nob jockey

[asa8] 14/6/2021 20:03

If anyone thinks fat boy will lift restrictions on the 19th July there in cloud cuckoo land

[utrickytrees] 14/6/2021 19:25

Arja, u paint the picture that Scotland & NI Ireland exclusively voted to remain....they didn't u nob jockey, if it wasn't for Scottish & NI Brexiteers we would remain under the EU Yolk. Look don't be a bellend all your life, if the provinces want to Fk off they need to vote for the appropriate parties in the appropriate elections. Personally I wish they would FO... noones forcing their hand other than the pronationalists but as its been said many many times before the UK will not breach to the vocal minority so your wasting your breath...get a grip of reality u muppet.

[jl5006] 14/6/2021 19:14

And more BS from the man whose balls are without credence.
Y cant u ever be honest Doris?

[alphorn] 14/6/2021 18:51

So they won't take work from anybody because there are few professionals about. Lol

[jl5006] 14/6/2021 18:47

From the above bootle comment

It is the figures on GDP per capita that really bring you up short. Our GDP per capita is about one half of Switzerland’s and about two-thirds of America’s.

Lets get real please!!!!!!!!!!

[joestalin] 14/6/2021 18:44

I do not have a problem with people coming from Hong Kong. They are usually professionals who are used to hard work. They can do a lot post Brexit.

Similar thing with ex Ghurkhas. They are a credit to the Nepalese.

[arja] 14/6/2021 18:26

you really are dense ! If NI votes for a Irish reunification, it would happen or is a MAJORITY in favour not respected by you and your type ??. I bet you loved Trump who was not keen on democracy either .

[arja] 14/6/2021 18:23

trickytrees,
you won - get over it. You probably now regret your decision and are bitter about it . Plenty like you here in Devon, eg the fishermen whose business have suffered as a result of brexit . you still can not grasp my other point ,. A clue is that both NI and Scotland are being taken out of EU against the wishes of the MAJORITY . That is democracy if you remember or does it only apply when decision suits you FFS ??!!

[jl5006] 14/6/2021 18:21

Or as Roger Bootle says
Data means a lot - but it is the interpretation/

The G7 summit in Cornwall seemed to confirm the UK’s status as one of the world’s leading economic powers. But just how big is our economy in relation to other countries?

When comparing countries’ GDPs, you have to use some sort of exchange rate. There are different candidates and they can produce widely differing answers. If you use last year’s market exchange rates, then in 2020 the UK was the fifth largest economy in the world, behind the US, China, Japan and Germany. Mind you, we beat India by only a short head and France was just a further neck behind.

After France there is a considerable drop to Italy, whose economy is some 30pc smaller than the UK’s. Then, in descending order, come Canada, Korea, Russia, Brazil, Australia, Spain, Mexico, Indonesia, and the Netherlands. After that are Switzerland, Turkey and Saudi Arabia, each of which has an economy about one quarter the size of Britain’s.

For some purposes, comparing GDP at market exchange rates is appropriate - but it can also be downright misleading at other times. On the whole, poorer countries tend to have lower price levels. This means that using market exchange rates systematically underestimates the true size of economic activity in those countries. For this reason, economists usually make use of an artificial exchange rate based on so-called Purchasing Power Parity (PPP), which attempts to correct for this.

When you use PPP exchange rates, the ordering of economies is radically different. On a PPP basis China is larger than the US by some 15pc. And you would probably be surprised to see the high ranking of several economies that you hadn’t imagined were so large. India comes in at number three in the world, just over 40pc of the size of the US economy. After Japan and Germany come Russia, Indonesia and Brazil.

China ranks ahead of the US on purchasing power parity

Bar chart with 10 bars.
Top 10 world economies ranked by GDP using PPP (trillions of international dollars)
View as data table, China ranks ahead of the US on purchasing power parity
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 25.
End of interactive chart.
The UK shows up as the tenth largest economy in the world - and in a particularly stinging blow, on this measure we rank just behind France.

However, relief is at hand. The UK’s growth this year will be so strong that we should overtake France to become the ninth largest economy in the world and we might even pass Brazil to become the eighth.

Whether you use market exchange rates or PPP rates, it is important to realise that comparing total GDPs in this way is not a sensible gauge of how rich countries are. The size of a country’s GDP derives from a combination of the amount of its GDP per capita - that is to say, how productive its citizens are - and the total number of people in the country.

China and India are two of the largest economies in the world but on average their citizens are not very productive. Because each country has more than a billion people, the relatively low level of GDP per capita is overwhelmed by sheer numbers. Similarly, the UK is where it is in the rankings because it enjoys a moderately high level of GDP per capita and has a moderately large number of citizens.

If you focus instead on GDP per capita then you get a radically different result. On this measure, the richest countries in the world are all small – led by Luxembourg. Others featuring high on the list are Switzerland, Norway, Denmark, Singapore, Qatar and Brunei (actually, Ireland comes in at number three but it is widely acknowledged that because of the large number of multinational companies booking profits there and remitting money abroad, both its GDP and GDP per capita are virtually meaningless).

The US features high on the list. Using current market exchange rates its GDP per capita is the fifth highest in the world, while on the PPP measure, it comes in at number seven. On both measures, though, its GDP per capita is not much more than a half of Luxembourg’s.

Using market exchange rates, the UK’s GDP per capita ranks us 20th in the world - just behind New Zealand but just ahead of Japan and, most importantly, France. If you use PPP exchange rates, however, the UK comes in at number 25, just behind Korea and, gallingly, two places behind France.


Why does all this matter? It matters for our view of ourselves and our role in the world. This can have significant effects on policy and behaviour. In the continuing row over the UK’s stance on Overseas Aid, for instance, it is often alleged that we are “the fifth richest country in the world”. But this statement is a travesty of the truth. We are the fifth largest economy when valued at market exchange rates but only the tenth at PPP rates, while India, which can scarcely be called rich, is the third largest. Of course, our per capita GDP is much higher than India’s but on this measure we are very far from being rich, ranking at number 20 or 25.

Moreover, these comparisons shine a light on the comparative failure of economic policy in this country. The figures on overall GDP obscure this because they are as influenced by the size of the population as they are by how productive we are. It is the figures on GDP per capita that really bring you up short. Our GDP per capita is about one half of Switzerland’s and about two-thirds of America’s.

You may try to dismiss these comparisons on the grounds that both countries are extraordinary in different ways. But our GDP per capita is also significantly lower than the equivalent in Denmark, the Netherlands, Sweden, Austria and Finland. Strikingly, we come well below our two former colonies, Singapore and Hong Kong. Indeed, on a PPP basis, Singapore’s GDP per capita is more than double ours. Not bad for a tiny island with no natural resources except the talent and industry of its people – and the effectiveness of its government
So trust the data Doris - per se - ur cabinet is defunct of the ability to analyse.
Sad - should i be wrong - pls explain - how you are coping with data u do not understand/
Speaks volumes for the future - does it not?

[geckotheglorious] 14/6/2021 17:21

XXXXXY

All Lives Matter, not just Black ones.
Why single out black lives as being more important than Asian lives????Or Latin American lives???

They aren't.

BLM is a a Marxist organisation set on dividing us with this racial drivel....and most people are too stupid to realise.

[jl5006] 14/6/2021 17:12

GG U raise serious concerns.
Gates and his M8s believe they can have it their way.
Not sure gatesway or branson way works.
Just 2 players.
Is their ever honour amongst thieves/ liars etc/ That may be the saving grace?

[utrickytrees] 14/6/2021 17:12

Arja the problems occur when you think me owd because your not pragmatic. Your thoughts are just thoughts you can't back them up with anything who fkin cares if you think NI would vote for the reunification of Ireland?? Wtf has Scottish independence got to do with Irish reunification there is no connection your just making one because your a brexit denier lol.

[geckotheglorious] 14/6/2021 16:34

"It was a referendum based on lies and propaganda"


Yup, most of it from REMAIN

Even the spokesperson for REMAIN admitted such


The former head of the Remain campaign has admitted it exaggerated the economic cost of Brexit"






Stuart Rose has admitted that the Remain campaign exaggerated the economic cost of Brexit. Rose, of course, was chair of Britain Stronger in Europe – the official campaign fighting to keep Britain in the EU.

Back in 2016, in the run-up to the referendum, Rose’s campaign warned that a Leave result would trigger an immediate recession and British households would be £4,300 worse off.

But appearing on ITV this week, Rose acknowledged that, ‘it wasn’t going to be Armageddon the day we came out [of the EU]. Everyone wasn’t going to suddenly be out of work.’ Trying to terrify voters into backing Remain was ‘Project Fear’, he admitted.

This is not the first time Rose has let the truth slip. Back in 2016, Rose was asked by MPs what might happen to wages after Brexit. He acknowledged that they might actually rise – but that this was ‘not necessarily a good thing’. Not a good thing for the elites, perhaps.

The public was right to reject Project Fear.