Lloyds Banking Share Discussion Threads

[xxxxxy] 07/1/2019 10:34

LEAVE and WTO

[poikka] 07/1/2019 10:33

It's a question of headlines and influence, isn't it.

[poikka] 07/1/2019 10:32

Here, here.

[cheshire pete] 07/1/2019 10:30

Please keep your informative posts coming stonedyou.

[stonedyou] 07/1/2019 10:23

minerve - Are you receiving "HATED EU" funding then.....????….And, are being

transparent about it....???????

[minerve] 07/1/2019 10:19

Poikka

I wouldn't get too confident if I were you. All because it wasn't a majority. I would like to remind you how many backed Rees Mogg's pathetic schoolboy escapade! ROFLMAO!

[poikka] 07/1/2019 10:16

"209 MPs sign a letter urging the PM to rule out a No-Deal Brexit"

441 MPs didn't...whoops!

[stonedyou] 07/1/2019 10:08

The plot thickens......




The news prompted MPs to raise questions about the BBC’s impartiality when its journalists report on events in the EU.


The BBC admitted in a letter to a Tory MP that it has received nearly £3million in grant money from the European Union over the past four years.


Other grants totalling £16million came from local authorities across the UK. The money was spent on "research and development projects".


The broadcaster also disclosed that its commercial arm BBC Worldwide borrowed over £141million from the European Investment Bank since 2003. Of that figure £30million is still due to be repaid by the end of May this year.


These figures are disclosed in the commercial arm’s annual report, while the BBC's annual report does not make clear where the grant money comes from.

[stonedyou] 07/1/2019 10:02

You don`t become biased if somebody funds you.....Do you??????????

I think so BBC!!!





Brussels Broadcasting Corporation? The EU millions being banked by the impartial BBC

THE BBC has accepted millions of euros in funding from the European Union, Express.co.uk can reveal.



The corporation insists it is totally impartial on coverage pertaining to the EU - BUT bosses admit trousering more than £2.3million in funding from the European Union in three years,

The worryingly large amount of cash came from the EU Framework Programme for Research and Development projects.

The money has been used for things like ultra-high definition filming and 3D broadcasting.

Funding received from the EU was as follows:


Figures for the current financial year are not yet available as it is still ongoing and the figures have not yet been audited.

While the majority of funding from the EU goes on research and development projects, some money is used for programmes broadcast across the BBC which come from the EU Media programme, with funds coming from the European Regional Development Fund.

The money for programming is not given directly to the BBC itself but independent production companies that make programmes for the BBC are eligible.



Conservative MP David Davies also blasted the corporation during a Westminster debate in September and called the BBC’s reporting since the June EU referendum as “an absolute disgrace” saying the broadcaster was “somewhat left of centre”.

A group of MPs also wrote to the BBC Director-General Tony Hall in October to express their concerns over coverage of the EU referendum.

And analysis of a series of broadcasts on Radio 4 found listeners were two-and-a-half times more likely to hear a pro-EU speaker than a speaker who was anti-EU.

[stonedyou] 07/1/2019 09:44

Lilley of the Brexiteers!!!!




Ignore The Scare Stories – If Parliament Votes Down The Brexit Withdrawal

Agreement, There Is An Ideal Alternative



A no-deal Brexit may well turn out nearer the millennium bug than Armageddon



Brace yourself for a barrage of scare stories about what will happen if parliament votes down the draft Withdrawal Agreement.

Lacking any positive arguments for its deal, the government has to argue that all the alternatives are catastrophic.

In fact, there is an ideal alternative – President Tusk’s offer, made in March and repeated in October, of a Free Trade Agreement involving zero tariffs and including services – extended to the whole UK. That would involve replacing the ‘backstop’ by a commitment by Ireland, the EU and UK to retain an invisible Irish border, as all say they will do if there is no agreement.

As Donald Tusk rightly stated, a Canada +++ deal, is the only potential agreement compatible with the UK leaving the single market and customs union – as promised in the referendum and the Conservative manifesto.

However, in case the EU refuse to renegotiate the draft agreement, the government should simultaneously complete preparations for leaving on WTO terms. In a joint Global Britain and Labour Leave paper today – 30 Truths about Leaving on WTO Terms – Brendan Chilton and I argue that this should be called WTO+++ since it has several strong positives.



First, we keep £39billion. Far from ‘crashing out’ we will be ‘cashing in’. The Lords’ (heavily pro-Remain) EU Committee concluded that: “Article 50 allows the UK to leave the EU without being liable for outstanding financial obligations”. We can confidently submit the issue to international arbitration.

Second, it ends the corrosive uncertainty – economic and political – which would continue for over two years under the Withdrawal Agreement.

Third, both sides will solve the Irish border issue by administrative measures without a backstop or border posts – as they have promised if there is ‘no deal’. Mr Varadkar has said: “In... a no deal scenario... we won’t be installing a border between Northern Ireland and Ireland, and everyone knows that.” Juncker reassured the Irish Parliament that “the European Union will not impose a border, customs posts or any other kind of infrastructure on the frontier”. And the Britain has said it will not “require any infrastructure at the border... under any circumstances”. We already tackle smuggling of tobacco, alcohol, red diesel, (because of different duty and VAT rates) and traffic in drugs and arms without border checks.

Fourth, once the Irish border issue is resolved, we can take up Tusk’s offer of a Canada-style free trade deal covering the whole UK. Moreover, if both sides commit to such a deal we can, under the WTO treaty, continue to trade with the EU on zero tariffs while it is being finalised.

Despite these pluses, the idea of trading on WTO terms has been demonised.

I helped negotiate the treaty establishing the WTO which is designed to provide a safe haven not a hard option. It means the EU cannot impose punitive tariffs or barriers but must offer us ‘Most Favoured Nation’ terms. UK exports to countries we trade with on WTO terms have grown three times faster than to the single market since it was established

If the EU is initially unwilling to revert to Tusk’s offer, our exports would face EU tariffs. But they would amount to less than half the UK’s net contribution to the EU budget. Moreover, the average EU tariff is four percent, barely a third of the gain in competitiveness thanks to the exchange rate since the referendum. And if we retained the EU external tariff EU exports would pay us nearly three times what we pay them. That is because they export far more to us than we do to them, and their exports tend to be highly protected goods. So, if we reduce some of those tariffs, we could obtain them more cheaply elsewhere.

Scares about import delays are particularly ludicrous since Britain will control its own borders. Why on earth would we prevent things we need from entering our country? HMRC expect roughly the same number of physical checks of vehicles at Dover as at present because checks are based on risk – notably smuggling of tobacco, drugs and illegal immigrants. None of these will change after Brexit. Tariffs are not collected at the port but paid electronically like VAT.

Moreover, HMRC says it will “prioritise flow over compliance”. It will wave vehicles through to avoid queues even if initially customs declarations have not been properly completed.

Past problems at Calais made fear of congestion backing up across the channel more credible. A deliberate go-slow at Calais was unlikely because it would breach three treaty obligations. Moreover, France is afraid of losing business to Belgian and Dutch ports so is installing extra lorry channels and a machine to scan trains at 30km per hour at Calais. Likewise, the EU is legislating to ensure that planes will fly, lorries drive, and Airbus gets its wings.

Experience suggests that if one prepares for potentially major problems, they turn out to be minor. A WTO Brexit may well turn out nearer the millennium bug than armageddon.

That will be a disappointment for opponents of Brexit! But they’ll get over it.

Then we can focus on what is far more important than the terms of leaving – how we use the powers once we take back control of our laws, money and borders. That is an exciting challenge.




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[xxxxxy] 07/1/2019 09:40

Brexit warnings echo the nonsense uttered over the euro 20 years ago



Andrew Lale 7 Jan 2019 9:30AM
I'm currently reading 'The Great Deception', and what becomes clear immediately is that the founders of the EU believed in coercion. They wanted to destroy the European nation states and replace them with a supra-national body with themselves in charge. Democracy and coercion are the two alternatives available to politicians. And most of our politicians chose to support coercion. How utterly despicable.

Peter Hirsch 7 Jan 2019 8:53AM
We escaped membership of the euro by the skin of our teeth. Well done, Gordon Brown.


William THOMPSON 7 Jan 2019 8:42AM
It's a no brainer



Get out of the eu cesspit


David Smart 7 Jan 2019 8:13AM
The Y2000 scare (anyone remember?) was another indulgence by our apparatchik remoaners. Someone must have made good money on these whingers. I got a cheap flight to Hong Kong, had fun..

Also

[cm44] 07/1/2019 09:33

Surprised to read this morning that BT could be the focus of a German takeover.
Must say that BT need a bomb up them but wonder how it would sit with the Brexit timetable.

[gotnorolex] 07/1/2019 09:22

bargainbob Thanks for the synopsis but it's as good as mr.elbee posting sheet music of his arrangements, but the proof is in the playing of it, for us to understand what all those squiggly vertical symbols mean!
It's clear you have a grasp on the subject! I had no idea sweet and sour are a reference to the sulfur content of crude, and that prospectors would actually taste oil with their tongues to determine quality, you learn something new everyday!

[financeguru] 07/1/2019 09:00

Actually what is to blame is people spending more than they earn!!! it is the "I want it and I want it now" new breed of youngsters

[maxk] 07/1/2019 08:48

Average UK household debt now stands at record £15,400



Austerity and wage stagnation to blame for ‘crisis level’ unsecured loans, says TUC



Miles Brignall

Mon 7 Jan 2019 00.01 GMT



More:

[toon1966] 07/1/2019 08:34

Just the BBC? No other news/media organisations reported this?

[diku] 07/1/2019 08:29

Rooney arrest in US makes news yesterday on BBC!...no other better news to report?...

[buywell3] 07/1/2019 08:12

Nice channel top forming

[bargainbob] 07/1/2019 07:31

The Blackhorse was white before the spill Dudishes.:-(

Absolutely nothing as Lloyds seems to be in a news blackout, Brexit is the thread chat these days.

[dudishes] 07/1/2019 05:29

G'day Bargainbob, not seen you for a while (apart from some bitcom scam). Bit late but I've been short since Oct. In passing, what has oil to do with matters here?

Dud