Lloyds Banking Share Discussion Threads

[poikka] 14/12/2018 08:58

"I and others have made clear our opposition to the backstop, but also to several other important features of the Agreement. Even if they could delete the backstop I would still oppose the Agreement."

That has to be remembered - there's too much concentration on the, undeniably crucial, backstop issue.

[mitchy] 14/12/2018 08:55

So no Deal Brexit. Can't see us avoiding that now. We will adapt. Perhaps the lower pound will spark a manufacturing revival? We could get our car industry back. But electric cars this time.

[oakville] 14/12/2018 08:52

Bloomberg says downgrade? Cannot find details.

[xxxxxy] 14/12/2018 08:50

LEAVE means LEAVE.

The UK LEAVES

The DUP have always made clear the whole backstop has to go. Many Conservatives want it out or want a clear legal ability of the UK to cancel it unilaterally, which of course means it is not then the kind of backstop the EU insists on. The significance of the backstop is it would treat Northern Ireland differently from the rest of the UK, and would create a border between Northern Ireland and the rest of the UK.

[xxxxxy] 14/12/2018 08:49

Mrs May’s position

By JOHNREDWOOD | Published: DECEMBER 14, 2018

On Wednesday Mrs May gained 63% support from Conservative MPs, or as Jacob Rees Mogg points out lost the support of around 70% of all those MPs who do not have some job granted to them by her. This assumes all those who express public loyalty to her in office voted accordingly. I imagine most of them did. Most of those who could not do so have already resigned.

Earlier in the day it appeared that her team was worried about the vote. She therefore changed her position on two important matters. She told us she no longer planned to lead the party into the next General election, assuming that is in 2022. There were various MPs prepared for her to carry on for a bit longer who were nonetheless saying they wanted a new leader for the election . She also told us she was returning again to the continent to seek legal changes to the Irish backstop arrangement. This was different from previous language, when in line with the EU she was talking about gaining clarifications and reassurances without changing the text of the Withdrawal Agreement.

She did not clarify if she would lead the Conservatives were there to be an earlier election. Nor did she clarify what kind of legal change she was seeking or how she will persuade the EU to re open the text of the Withdrawal Agreement. She also has said that any re opening could re open features of the Agreement like Gibraltar and fishing that some in the EU want to make worse from the UK point of view, so it is an option with risks.

What difference does this make? It has revealed to the government and public that there are 117 Conservative MPs who lack confidence in the PM, which is largely related to their opposition to the Withdrawal Agreement she has made her own. It is therefore difficult to see how Mrs May can present her Agreement to the Commons and secure support for it. She says she plans to get a change to the Irish backstop. The first test of any new words forthcoming from the EU will be the reaction of the DUP. If the DUP do not accept the revisions as sufficient to banish the Irish backstop, the government will remain with no reliable majority, subject to endless alarms over trying to sustain its position in Commons votes. The DUP have always made clear the whole backstop has to go. Many Conservatives want it out or want a clear legal ability of the UK to cancel it unilaterally, which of course means it is not then the kind of backstop the EU insists on. The significance of the backstop is it would treat Northern Ireland differently from the rest of the UK, and would create a border between Northern Ireland and the rest of the UK. I and others have made clear our opposition to the backstop, but also to several other important features of the Agreement. Even if they could delete the backstop I would still oppose the Agreement.

The Prime Minister needs to rebuild her support amongst Conservative and DUP MPs as an urgent priority. Winning the confidence vote is only a first step. She now has to adopt an EU policy that can command support within her coalition, which the current Agreement lamentably fails to do. Any attempt to find a way of harnessing Labour votes to offset the large slice of Conservative and DUP votes she does not command on this issue is likely to be a fruitless quest, given Labour’s understandable wish to have a General election and unwillingness to name a particular proposal for exit that they can unite to support. Any attempt to woo Labour would also increase the numbers of Conservative MPs who oppose the Prime Minister.

[oakville] 14/12/2018 08:41

Bloomberg says downgrade? Cannot find details.

[montyhedge] 14/12/2018 08:39

Massive massive support at 50p. Psychology level as well, but if broken I think 47p easily.

[poikka] 14/12/2018 08:32

I see that Minerve has just heard of the Erasmus programme.

[poikka] 14/12/2018 08:28

maxk - "Perhaps time to call a halt to the Brussels Broadcasting Corporation."

Add HIGNFY to that, where Ian Hislop and Paul Merton have been allowed a free hand in trotting out their lefty pro-remain agenda without meaningful opposition ever since the Referendum was announced.

[y1phr1] 14/12/2018 08:28

It will be.

[montyhedge] 14/12/2018 08:24

Holding well, must admit I thought 50p would be tested by bears.

[bargainbob] 14/12/2018 07:37

Thank you Stoned you .

Travellers at some UK airports are barely being offered one US dollar for each of their pounds, following a month of Brexit uncertainty.
Those exchanging pounds at the UK's biggest airport, Heathrow, are finding as little as $1.05 coming back across the counter.
Since 16 April the pound has fallen by 11.77% against the US dollar.
In places, sterling buys less than a euro, with tourists being offered just 92 cents for every pound.
Against the dollar, the pound is now at its weakest since April 2017, although it has recovered slightly since Theresa May won her vote of confidence.
In March 2008 the pound was briefly worth more than $2.00.

[bargainbob] 14/12/2018 03:45

One of the best .

[bargainbob] 14/12/2018 03:37

Minerva

You really need to do more research pal the Brexiteers like Jacko get the most upticks for near the bone rants and standing up for Blighty.

So basing it on this board Brexiteers being in the minority is clearly wrong. Lol

[cheshire pete] 14/12/2018 01:08

Farage: the trap is getting tighter.

[daddy warbucks] 14/12/2018 00:15

On question time, Did Caroline Lucas say she would pick 500 members of the public to sort out the Brexit situation?I thought we already had 650 people at Westminster to do that!Maybe she is advocating getting rid of all the useless MP's and replacing them with a much cheaper version. They couldn't do any worse!

[cheshire pete] 13/12/2018 23:51

bolador top man we've got a new ally.

Apologies she might be female.

[maxk] 13/12/2018 23:43

Min, you are further down the road than I had thought.

[minerve] 13/12/2018 23:43

"David Dimbleby allow Caroline Lukas to dominate the panel... sick."

ROFLMAO!

[k38] 13/12/2018 23:40

David Dimbleby allow Caroline Lukas to dominate the panel... sick.

[minerve] 13/12/2018 23:40

Maybe, just maybe, the majority of the UK, and certainly Europe, are just getting sick and tired of the Hard-Brexiter sh*te. If you are not careful you will end-up with no Brexit at all. That would shut you up. You are a small minority in parliament and you are most likely now a minority in the public. You only have power because of those willing to honour a piece of sh*te referendum that should now be ditched. You lot then can get back to watching your black & white WW2 movies until your sad ignorant lives end. LOL

[maxk] 13/12/2018 23:35

Question time is now past it's time, usual 4/1 remainer panel and a carefully chosen audience.

Perhaps Fiona will do better, but I suspect it will be more of the same.


Perhaps time to call a halt to the Brussels Broadcasting Corporation.

[minerve] 13/12/2018 23:34

exlogicalad

You really are as thick as pig sh%t and funny with it.

[minerve] 13/12/2018 23:33

They must all be Erasmus students! ROFLMAO!