Lloyds Banking Share Discussion Threads

[xxxxxy] 17/11/2024 18:51

John Redwood

[xxxxxy] 17/11/2024 18:50

The Governor of the Bank of England should look up the successful trade figures since 2016November 16, 2024 88 CommentsThe Governor implied in his remarks at the Mansion House that trade and the economy had been damaged by Brexit. He failed to look up the figures which show our exports up by more than 50% since 2016, well ahead of price inflation over the period. He failed to mention the huge success of our services exports, catapulting us from fourth place in the world to second place in the table of service exporters. He failed to read the excellent pieces by Fact4EU that set out the successes by country  or to consult the ONS detailed numbers.Let me remind him from the ONS. 11 of the top thirty export destinations are EU and 19 are rest of the world. We export three times as much to the USA as we export to Germany, our largest EU trade partner.  Our trade with the rest of the world has been growing faster than our trade with the EU now we are out, as it did when we were in the EU. The main reason is we excel at services and the EU does not buy enough of those. They sell better into English speaking countries with UK styles of law and business process. In 2023 our exports to the EU amounted to £356bn and to the rest of the world £505bn, 41% EU and 59% rest of the world.More importantly our trade with the rest of the world delivered a £75 bn trade surplus in the year to August 2024, compared with a continuing massive deficit of £100bn with the EU. Brexit has not prevented the EU continuing to export large quantities of energy and goods to us, as they remain tariff free under the Free Trade Agreement we have with them. Services now account for 55% of our global  total trade.It would be good to export more goods and energy. The main reasons growth in goods has been slower is not Brexit but the UK's industrial and net zero policies. Two of our top six goods exports are oil and refined oil products. The UK government is pursuing a rapid run down policy for our North Sea and onshore oil and gas prospects and refining  so that acts as a headwind to growth in goods trade. A third leading area has been cars. Accelerated switching to electric vehicles by government policy before the UK has the ability to design and make enough good affordable  EVs is again hitting export volumes. We do not produce enough electricity as policy is to close coal, older nuclear and some gas planets before there are sufficient replacements. Instead of exporting electricity we become a net importer when the wind does not blow and the sun does not shine.The Governor when analysing reasons for slow growth since the 2008-9 crash of the economy should look at the erratic and error strewn Bank of England policies that allowed and created a big inflation to be followed by a credit crunch.

[diku] 17/11/2024 17:25

So what protection for the Police officers...

[utrickytrees] 17/11/2024 16:26

Dave Watson, good player but for me can't see how the government of the day can possibly be culpable for a personal injury claim, no different to reparations. The conversation should be amplified for a change of practice but not compensation.

[utyinv] 17/11/2024 16:02

On the subject of Nichil Rathi and the Motor Finance issue, there is a FCA Podcast that has been put out to explain Rathi’s actions.

If he is fed to the Wolves, let’s hope the next incumbent is more business friendly. After all, no one twisted their arms to sign the contracts and ‘buyer beware’ call to mind.

If interested, link to podcast :-

[aceuk] 17/11/2024 15:35

Actually The Stumbler did say something else yesterday morning several times "diolch" - said he'd been practicing for a year 🤣

Farmers on Llandudno promenade weren't impressed 🥶

[scruff1] 17/11/2024 15:13

Thanks very much freddie. I have been wondering for a while now what happened to the private prosecution. As I said a friend of mine said he had been told by a member of the armed police that the case had been buried and was unlikely to surface if left to the CPS. It most definitely is a two tier justice system. How our country has degenerated to such a level is beyond comprehension but imo the majority of the blame is squarely at the door of left wing politicians

[freddie01] 17/11/2024 15:07

BlackBeltBarrister


Four Months, Still No Charges, Has the Time Come?

[freddie01] 17/11/2024 15:00

Kelvin MacKenzie
@kelvmackenzie
Congrats to Nigel Farage for tiring of waiting for the CPS to bring charges against 2 brothers involved in the Manchester airport brawl which left a WPC with a broken nose, and deciding to bring a private prosecution.
It’s four months since CCTV footage showed three police officers being viciously attacked and yet the CPS are no closer to announcing charges.
Quite wrongly two of the officers were suspended after the brawl in July and still are. Why?
The delay compares unfavourably with the speed of prosecution - hurried along by Starmer- of anybody who wrote a social media posts and then received shockingly long sentences.
The Mail on Sunday says Farage has hired two solicitors and will announce his private prosecution tomorrow.
His concern that there is a two-tier approach to the law under Starmer. Nobody can deny that.
Why don’t the Tories can stuck into this kind of populist issue?

Posted 4hrs ago scruff.

[scruff1] 17/11/2024 14:48

As I suspected M2. Not many plumbers use em. Dicing with death on 22mm and if there is any amount of pressure it is almost certainly death.

[gotnorolex] 17/11/2024 13:44

Farmers to open the sluice gates on Downing St on Tuesday! Going downtown later this afternoon, may drive past for the memory before its cordoned off for swage treatment!

[utrickytrees] 17/11/2024 13:25

If your organised you shouldn't have to turn the water off/ drain down, I don't bother...waste of time.

[mikemichael2] 17/11/2024 13:23

Never used them scruff, if you're cutting into pipework just drain down !! you clean the system and re-fill with nice clean water and inhibitor. Imagine the panic if you'd frozen the pipe and you needed more time, then you see water starting to dribble out ?

Oh my god, it's a gusher!!!!

[skinny] 17/11/2024 10:13

cobourg - the whole article makes a decent (depressing) read.

As for Nikhil Rathi - maybe he aspires to follow his equally useless predecessor.

[diku] 17/11/2024 09:59

scruff...it freezes the water in the pipe work for short period during any servicing in pipe work without having to drain the full system...plumbers do that eg if having to change radiator/valves...

[scruff1] 17/11/2024 09:49

An ad from screwfix just popped up'Beat the deep freeze with these pipe freezing kits'How TF does that work?£29. Used to be £10 couple of years ago.

[scruff1] 17/11/2024 09:45

Oh dear. Alex Scott to replace LinekEars. Well they have ruined Football Focus and Question of Sport with their regulation wokery so now on to MotD. Diku WTF brought that last post on? What was it about?

[diku] 17/11/2024 08:50

Same club just different Party names in disguise to give voters a choice...the game remains the same only the players change...

[mikemichael2] 17/11/2024 08:45

Just watched 'The Detectives' (BBC I-Player) with that Gang of Asian scumbags from your lovely Rochdale scruff, what a bunch of total scum they are, police being made to look like a right bunch of weak wimps, while they just laughed.

[cobourg1] 17/11/2024 00:11

"In any case, speculation is growing that Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), is about to be thrown to the wolves in symbolic recognition of the regulatory overkill of recent years. Already the FCA is in a humiliating retreat over plans to “name and shame” companies it investigates."

Daily Telegraph. Jeremy Warner.

Won't be many tears shed on this board I imagine.