Lloyds Banking Share Discussion Threads

[diku] 10/1/2019 08:34

Reading Sir John Redwood articles are very refreshing...he has been very consistence with his stance...

xxxxxy..thanks

[keyno] 10/1/2019 08:30

Nobody governs the Speaker, Poikka. He is constitutionally (as much as there is one) the most powerful person in the country, apart from the Queen. May has been acting like a President when she is in fact "primus inter pares". She has been slapped down and rightly so. Parliament is the body which leads us not the self-serving incompetents she has surrounded herself with. I am a Leaver but not on her terms. Let's see what happens next.

[xxxxxy] 10/1/2019 08:21

Trading under WTO rules

By JOHNREDWOOD | Published: JANUARY 10, 2019

There is a lot of confusion and deliberate misinformation about trading under the WTO. Here are some facts that might help.

1. All our current trade is under the WTO, as the EU is a member. The UK will become a full member with vote and voice as soon as we leave the EU, as we never surrendered our membership when we joined the EU.
2. There is no WTO schedule of tariffs that automatically comes in. Each member of the EU files its own tariff schedule and trades with anyone under that who wish to trade. The WTO requires a member to trade with any other member on the same terms, unless there is an approved Free Trade Agreement that exempts the countries from the common tariff of the Schedules. A country is always free unilaterally to cut or remove tariffs.
3. If a country’s trading terms are disputed by another member there is a dispute resolution procedure. A dispute does not stop trading under the published terms whilst the dispute is being resolved.
4. The EU does not have Free Trade Agreements with the USA, China, Brazil etc so we trade successfully with them at the moment under WTO rules and under the tariff schedule set by the EU. Once out we can sign Free Trade deals with these countries removing these tariffs, or could cut some of the tariffs unilaterally any time we wanted to make imports cheaper.
5. The so called side deals the EU has with these countries are mainly unimportant or unrelated to trade. Some are multilateral agreements that the UK has signed anyway.
6.The one agreement we currently have through the EU that may be important, the General Procurement Agreement, gives us access to public procurement opportunities in signatory states, and gives them the same access to the UK. The WTO has now agreed the UK will be a member of that Agreement in our own right on departure from the EU.
7. The EU has free trade agreements with a number of mainly smaller countries. The top five, Switzerland, Canada, Korea, Norway and Turkey account for three quarters of the exports involved. Switzerland, for example, has agreed to continue all current preferences with the UK as well as with the rest of the EU on our exit. No country with an FTA with the EU has indicated any wish to terminate the agreement with the UK once we leave. Transferring the current deal to both the remaining EU and to the UK is a relatively straightforward process.
8. The WTO does not require us to impose new checks at borders or delay imports into the UK. They recommend risk based checks. As the risks of EU product will not go up the day we leave the EU there is no requirement to impose new difficult checks.
9. If the UK and the EU agree to negotiate a free trade agreement once the UK has left the EU on March 29 this year, we could agree to impose no tariffs on each other and would get WTO consent to not impose them pending the negotiation of a full free trade agreement.

Peter Lilley has published a good pamphlet with Global Britain and Labour Leave setting out more detail called “30 Truths about leaving on WTO terms”

[xxxxxy] 10/1/2019 08:01

Some MPs are gang raping Democracy in this country.

[xxxxxy] 10/1/2019 08:00

LEAVE and WTO

[bargainbob] 10/1/2019 07:53

He is the only bright spark in a dark place. Think we should start a campaign to get him knighted next year. Fanatastic what he did yesterday.

[poikka] 10/1/2019 07:13

I've got to say that Bercow's quite a cheeky chappie who's brought no end of excitement to the House, but what a shame that he's been allowed to "unilaterally change the rules".

I ask, who allowed him to do it? I suppose that you could say that it was the MPs who voted in favour of the amendment. Who governs the Speaker? Have to read up on that, I guess.

[tradejunkie2] 10/1/2019 00:43

Kitty cats,

A few more pence to go up then we'll continue downwards as the bear market lows
continue.

[corpbull] 09/1/2019 23:54

Order! Order! Mr Bercow - Mr Speaker. You are Ordered by Brexiteers to step down :-)

[cheshire pete] 09/1/2019 22:59

Ooooooooo aaaaaaaah Mineeeeeerve, wheeeeeer's my Zideeeeer!

[stonedyou] 09/1/2019 22:52

12.56pm update: UK is still leaving the EU on March 29, PM says

The Prime Minister has confirmed the UK is still leaving the European Union, despite mounting suspicion the Britain will be forced to delay Brexit.

Austria's Chancellor was the latest to call for an extension to Article 50 if Theresa May's deal is rejected by MPs next Tuesday.

Eurosceptic Conservative MP Julian Lewis informed the Prime Minister she had previously told the House of Commons the UK is leaving the EU on March 29 74 times before.

During PMQs he asked her if she could rule out any delay.

Theresa May replied she was happy to repeat again that Brexit will indeed be going ahead on that date.

[cheshire pete] 09/1/2019 22:42

Yes Poikka, an election now a real possibility imho. Having spent 2 years plus to come up with a WA that is going to struggle to get through the house, it is not then credible to pull an acceptable 'plan B' rabbit out of the hat that gets through 3 days later. Calling an election would get May out of a hole, but unlike Cameron at least she could say she'd 'done her best'(for a remainer). She'd have to resign the Tory leadership of course but if she does go for the 'nuclear' option then, and excuse the alliteration, but it would be time to bring out Brexit 'bunker-buster' BORIS and get Parliament to work for the people and not themselves.

[nicksig] 09/1/2019 22:35

I sold mine at 54.4p today and will sit and wait for another buying opportunity, should one come along

[montyhedge] 09/1/2019 22:13

No deal looks becoming more likely in my opinion. Brown stuff going to hit the stock market fan.

[bargainbob] 09/1/2019 21:39

Haha , you not watched the show diku, she had more riders than the Tour de France.

[diku] 09/1/2019 21:22

Only Alfie has access to those melons...he is lucky man...

[poikka] 09/1/2019 21:14

An election?

[maxk] 09/1/2019 21:04

I'm all in favour of MP's holding the executive to account.

But what about a mechanism that holds MP's to account, by their electors?

[bargainbob] 09/1/2019 20:54

Bercow , is a breath of fresh air . What a guy should be knighted for what he has done today imho.