Lloyds Banking Share Discussion Threads

[maxk] 24/6/2021 20:45

scruff

Same here, will wear a muzzle only if I have to. The sheep can go do one!


The problem is, I dont see this trend going away. Dr Susan Mitchie is one of the SAGE (if ever there was a misnomer) crew. Card carrying member of the communist party (loaded of course) who is talking about muzzles forever.


Doris is listening..

[mr hangman] 24/6/2021 20:00

Lol, FOM, that was the whole problem ,everyone moved here..You have laugh at the youth of today, crying because their future has been taken away from them, then moaning because they will never leave home, because rents/property is to evepensive, because of FOM

[mr hangman] 24/6/2021 19:55

Obviously the re moaners are so in the dark, they have never heard of WIFI

[geckotheglorious] 24/6/2021 19:27

maxk
Post 342792
"If you are really worried about roaming charges. Simply get another sim in the country you are visiting. Cheap as chips.Whats the problem?"

Absolutely!!!!!

But isn't Minny a millionaire so these extra few pounds of charges shouldn't be an issue surely???

Either that or he is a liar!!!

[mikemichael2] 24/6/2021 19:04

Can't see Spain agreeing with Merkel, they are desperate for the brits.

[mikemichael2] 24/6/2021 19:02

looks like arja is talking to himself.

[maxk] 24/6/2021 18:59

A quick poll in the torygraph about muzzle wearing.

Question:

Would you stop wearing a face mask on July 19?

Results so far:

Yes, straight in bin = 65%

Yes, but keeping it safe = 21%

No, it makes me feel safe = 14%


Total votes so far = 2385



What about you lot? Ditch the muzzle or not??

[careful] 24/6/2021 18:33

Merkel almost certainly. has a Brexit related motive.
But that is a reaction to Boris Johnson politically motivated decisions, not for health reasons.

Our debt ridden economy is being kept afloat by flooding it with government money.
A crippling rise in debt.
Keeping Britons at home helps the economy. Although it distresses the travel and leisure industries.
Not that Johnson cares about that, he has contempt for everything apart from his own agenda.

It will be interesting to see how this economic war plays out post Merkel, Macron and Johnson.
We take these here today gone tomorrow politicians far to seriously.

[maxk] 24/6/2021 18:14

You could move to mainland €urope which would give you the chance to vote for Greater Germany.

[stonedyou] 24/6/2021 17:55

Bank of England warns inflation will hit 3pc as economy surges.

Bank insists ultra-low rates will not trigger a long-term inflation surge as economists say the Covid emergency is over.

By Tim Wallace.


24 June 2021 • 3:02pm


The Bank of England is predicting a temporary surge in inflation above 3pc as Britain's recovery takes off, amid growing fears that ultra-low interest rates are fuelling a disastrous economic "Ponzi game".

Inflation will jump by a full percentage point more than Threadneedle Street's 2pc target as the UK recovers more strongly than expected from lockdown and Covid restrictions end, the Bank said.

But policymakers insisted the increase will be temporary and is not a problem. They voted against combatting the rise by hiking interest rates, which will remain at their record-low level of 0.1pc.

However, other economists fear that the long-term consequences of such low rates will be severe. Sebastian Becker, senior economist at Deutsche Bank, said that the resulting cheap borrowing spree is like a "Ponzi game" which could spell catastrophe when interest rates finally go back up.

The Bank of England estimates that the economy now stands at 97.5pc of its pre-Covid size as consumers flock back to shops, cafes, pubs and restaurants.

Surging growth has already brought millions of workers back off furlough, suggesting that fewer people than feared may be at risk of unemployment when the taxpayer-funded lifeline ends in the autumn.





The Bank of England has its foot to the floor with ultra-low rates

Line chart with 122 data points.

It slashed rates to the unprecedented low of 0.1pc when Covid struck

View as data table, The Bank of England has its foot to the floor with ultra-low rates

The chart has 1 X axis displaying categories.

The chart has 1 Y axis displaying %. Range: 0 to 1.


The Bank of England has its foot to the floor with ultra-low rates


It slashed rates to the unprecedented low of 0.1pc when Covid struck

[stonedyou] 24/6/2021 17:53

Inflation is accelerating as the rebound gathers pace, prices in global markets rise and transport bottlenecks hold up deliveries.

Some companies are also struggling to hire workers and are being forced to put up wages as result. The Bank said: “Vacancies have risen above pre-Covid levels, and there are increasing signs of recruitment difficulties for some businesses, and in some locations and sectors."

Policymakers warned that this means consumer price inflation risks rising firmly above its 2pc target in the coming months.

The rate-setting Monetary Policy Committee (MPC) said: “Consumer Prices Index inflation is expected to pick up further above the target, owing primarily to developments in energy and other commodity prices, and is likely to exceed 3pc for a temporary period."

Policymakers, led by Andrew Bailey, the Governor, expect inflation to be temporary as it is caused in part by the shock of the rebound rippling through the UK and global economies.

As a result they want to keep policy on hold “at least until there is clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2pc inflation target sustainably”.

The Bank is also pressing on with the rest of its latest £150bn quantitative easing programme, which pumps cash into the financial system by creating new money and using it to buy bonds.

Andy Haldane, the Bank’s chief economist, used his final vote as a member of the MPC to vote to curtail this round of QE early, holding at £100bn instead of completing the bond purchases set out in November. He has warned of the “inflationary tiger” which could pounce on the economy.

Mr Haldane - who is leaving to run the Royal Society of Arts think tank - was outvoted by the other eight members, so the stock of assets held by the Bank will keep on rising to £895bn.

Independent economists are increasingly concerned about the impact of central bank support.

Mr Becker at Deutsche warned that rich governments around the world are becoming too complacent about their enormous debts, with borrowing costs artificially held down by massive central bank money printing.

He said: “Although these monetary policies are stabilising public finances and the economies in the short term, they reduce the incentives for sovereigns to shift towards fiscal consolidation in the medium term and therefore imply significant medium to long-term risks."

Economists Rob Subbaraman and Rebecca Wang, of Nomura, warned that sustained quantitiative easing could result in a bubble and bust cycle in financial markets.

They said: "This environment is ripe for debt-fueled asset price booms.

"At some point, however, the imbalances will unwind, usually abruptly, which can cause a credit crunch or, worse still, a financial crisis."

Ambrose Crofton, strategist at JP Morgan, said the Bank's emergency policy is no longer required.

He said: “The strong rebound in activity, booming housing market, and upside surprises in inflation are sufficient signs that the UK economy does not need its central bank to have its foot flat on the accelerator.

“Inflation will continue to rise well above the Bank of England’s target in the coming months and that not all of this will prove transitory."





The Bank has announced £450bn of QE since Covid struck

Line chart with 7 data points.

Andy Haldane is a lone voice trying to cut that back to £400bn

View as data table, The Bank has announced £450bn of QE since Covid struck

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£bn
. Range: 0 to 1000.

[careful] 24/6/2021 17:47

Boris Johnson vs. Angela Merkel.
We continue to have deteriorating relations with the EU.

Johnsons wants to open up, Merkel wants to prevent UK holidaymakers infecting EU citizens before they are fully vaccinated.

Boris Johnson is such a provocative troublemaker, anything for attention.
He is now provoking Russians in the Crimea.

He is as vindictive as hell, we know that by his treatment of great politicians such as Ken Clarke, Christopher Soames and Bercow.

He is wrecking the economy with overspending, and has contempt for Parliament.
This authoritarian government is becoming a slow car crash.
Yet who else can ewe vote for?

No choice.

[pandy999] 24/6/2021 17:30

Broxit is difficult to spoll on ones second bottle of Oz wine .

[arja] 24/6/2021 17:20

quite right too ! get your handkerchiefs out you Trump loving brextremists.


News Alert: Giuliani suspended from practicing law in New York state
Rudy Giuliani, the former personal lawyer for former President Donald Trump, has been suspended from practicing law in New York state.

In a ruling released Thursday following disciplinary proceedings, a New York appellate court concluded that "there is uncontroverted evidence" that Giuliani "communicated demonstrably false and misleading statements to courts, lawmakers and the public at large in his capacity as lawyer for former President Donald J. Trump and the Trump campaign in connection with Trump's failed effort at reelection in 2020."

[arja] 24/6/2021 17:17

Porsche1945 's comments were over the head of Pierre ( half French , half Irish ! ) and wasted on him. The French and Irish would disown him !

[arja] 24/6/2021 17:12

Minerve2,
It is called self inflicted punishment . Still not a word from any of the clowns
about any brexit benefit apart from their precious new BLUE passport and the nebulous concept of " sovereignty" . They have no idea what it really means !


Minerve 224 Jun '21 - 12:51 - 342789 of 342814
0 0 1
Sovereignty....

I decide to be charged when I could have it for free.

The important thing is: I made the decision!

ROFLMAO!

[arja] 24/6/2021 17:06

anyway , a great day in markets especially if trading mining stocks or tech trusts for example with nasdaq again hitting an ATH . Even LLOY was up a touch I think .