Lloyds Banking Share Discussion Threads

[geckotheglorious] 08/3/2024 09:12

"Citigroup warned that the chancellor’s spending plans as “fiscally offside” by £50-60bn, as they are based on unlikely productivity growth, and implausible spending cuts"


That's worse than Liz Truss's £45bn and yet markets are calm.

Tells you the takedown of Truss/Kwarteng was clearly by design to get globalists Sunak/Remoaner Hunt installed.

[hellscream] 08/3/2024 05:59

import the 3rd world..you become one.

£3000 capital gains tax allowence says everything i need to know.

[jordaggy] 08/3/2024 00:12

Buckle up!

Economist have warned that the UK’s pre-election budget, delivered yesterday, is based on ‘Fiscal fiction’, rather than plausible plans and assumptions.

Citigroup warned that the chancellor’s spending plans as “fiscally offside” by £50-60bn, as they are based on unlikely productivity growth, and implausible spending cuts.

The Institute for Fiscal Studies accused both the government and the opposition of a conspiracy of silence about what is actually ahead, with its director Paul Johnson saying:

They, and we, could be in for a rude awakening when those choices become unavoidable.
The IMF predicts that stabilising the UK’s debt is likely to require additional tax rises.

While the Resolution Foundation showed that this will be the first parliament in modern history to see a fall in living standards.

[marktime1231] 07/3/2024 23:51

Yes except the Norway wealth fund is so successful they dare not deploy much of it for fear of setting off rampant inflation. Pretty much the biggest global investor it has a small but significant minority stake in many listed large cap companies.

In fact Norway has a relatively high tax regime including an asset wealth tax of the "billionaire tax" type which has been considered by a prospective Labour government. Except in Norway it starts at around $1.5M.

[jrphoenixw2] 07/3/2024 22:03

TheOwl/#--50^
'Not small.
Norges Bank Investment Management manages the Norwegian Government Pension Fund Global. We manage assets worth more than 16,000 billion kroner, or about 1,552 billion dollar.'
--------
Yes indeed. This Sovereign wealth fund is investing the nations oil+gas wealth for the future. Very very smart indeed, same as similar SWFs in Singapore - and unlike most other governments!

So yes, Norges Bank is simply the agent bank here for the NO government and the Norwegian SWF.

[cardinal3] 07/3/2024 21:24

yump

Very good points. Lloyds can play a part in getting affordable housing financed so people get a start in adult life.

[jl5006] 07/3/2024 18:16

DT comment - health sec is ???
Sadly the Health Sec is out of her depth as is the CEO.
The idiocy of paying agency staff huge amounts to cover shifts is moronic management.
Disgraceful that Pritchard - never had a real job fails to oversee the critical care this country needs.
Is there anything worthwhile in Govt?

[hardup1] 07/3/2024 18:12

After 10 trading days, buyback complete to date:
Total shares to date........................238,524,505
Aggregate cost to date... ..................£112,586,607.02
Average price paid to date..................47.2013
Percentage of £2 billion buyback completed..5.63%

[scruff1] 07/3/2024 17:44

jL
God help indeed. Just heard Ollie wanted to buy Haaland but they told him no !

[the_owl88] 07/3/2024 17:27

Looking good today - closing slightly above 48p resistance on a muted ftse.

First with no buyback since results - though of course got the 3% buy from Norges Bank instead. Still c96% to go?

Next week looks interesting.

[the_owl88] 07/3/2024 17:22

4:03PM
House prices bounce back faster than expected
House prices have risen for the fifth month in a row, according to the latest figures from the Halifax House Price Index, as they bounce back faster than expected thanks to falling interest rates.

The average house rose by 0.4pc in February, or 1.7pc over the past year, raising the typical UK home to £291,699.

The biggest rises over the last year have been in Northern Ireland, where average prices have jumped 5pc, while homes in Eastern England dropped by 0.8pc.

Kim Kinnaird of Halifax said: “The average price tag of a home is now only around £1,800 off the peak seen in June 2022. While it is encouraging that we’ve seen growth in recent months, what happens next remains uncertain.”

[jl5006] 07/3/2024 16:49

Gareth Southgate is one of the names being considered by Manchester United to replace Erik ten Hag, according to a report.

The Dutchman is under intense pressure following back-to-back Premier League losses. After a run of good results, much of the goodwill Ten Hag had managed to regain was immediately squandered with a surprising defeat to
God help the club should they opt!!!

[arja] 07/3/2024 13:47

scruff1 ,
you notice my TYPING error sport and amusing considering your grammatical errors at times :) . I do not have time for a proof read as you do .