Lloyds Banking Share Discussion Threads

[xxxxxy] 05/2/2019 22:34

Don't think this basic and legal consideration has gone away in all the Project Fears and other bizarre shoutings and ravings. And so pointing to a NO DEAL as the EU does not want to 'do' and there is no mindset in the EU to overcome problems. Part of the reason why the EU is becoming more sclerotic and unable to adapt to competition in a rapidly changing world. A world of opportunity actually.


'The Prime Minister is now on the hunt for “legal assurances” from the EU about the Northern Ireland backstop.

The problem: you cannot judicially enforce an obligation on two parties to agree with each other
The Attorney General’s letter of advice to the Cabinet explained with great clarity the reasons why the UK could find itself locked in to the Northern Ireland so-called “backstop” Protocol with no legal escape route, and that in such circumstances the Protocol would “endure indefinitely”. The advantage of the Attorney’s advice to Cabinet is not that it says anything unexpected, but that it is stripped of the misleading obfuscations which cloud the government’s public statements about the legal effects of the Protocol. (For example, in No 10’s misleading “rebuttal” of my Spectator Article on the deal which implied that a failure by the EU to replace the Protocol with a future trade agreement could be remedied by arbitration.)
Mrs May’s claims that the Protocol is just a “backstop” or “insurance policy” that will never come into effect are based on Article 184 of the WA. This contains an obligation on both the EU and the UK to use their “best endeavours in good faith” to negotiate a future relationship agreement based on the Political Declaration, “to the extent possible” in time to prevent the Protocol coming into effect. This Article in the WA is complemented by wording within Articles 1 and 2 of the Protocol itself which state that it is intended to be superseded by a future relationship agreement and/or “intended to apply only temporarily”.
The problem with all these provisions is that the Political Declaration is just a vague outline of a future relationship which leaves many important points of principle, as well as all the detail, unresolved. The EU could not be legally adjudged as acting in “bad faith” if it chooses to interpret the Political Declaration in the way most favourable to its own interests and those of its Member States. This is compounded by the fact that the Political Declaration (in another disastrous own goal by UK negotiators) envisages a form of future agreement between the EU and the UK which will require ratification by each Member State individually as well as by the EU itself. '

[patientcapital] 05/2/2019 22:27

You queried Harding's tax position insinuating he was some sort of tax dodger. As far as I can see his company has paid over £800m in total tax contributions since 2008.Gate/Buffett have already given away vast amounts by way of philanthropy. It is a matter of public record.

[xxxxxy] 05/2/2019 22:21

'I know there is a sense that many British people do not know enough, or understand enough, about the complexity of the long relationship between the UK and Ireland. And a sense that some Irish people are less familiar with the forces and motivations that help to shape views in the UK. So as part of these new ways of coming together, I would like to us to look in particular at opportunities for our young people to discuss these issues and others in a structured way and to reflect on their vision for our future relationship. I know this is a concerning time for many people here in Northern Ireland. But we will find a way to deliver Brexit that honours our commitments to Northern Ireland that commands broad support across the communities in Northern Ireland, and that secures a majority in the Westminster Parliament, which is the best way to deliver for the people of Northern Ireland. As we do so, I hope we can also take steps to move towards the restoration of devolution – so that politicians in Northern Ireland can get back to work on the issues that matter to the people they represent. For ultimately, the measure of this moment in Northern Ireland’s history must be more than whether we avoid a return to the challenges of the past. It must be how, together, we move forwards to shape the opportunities of the future. As Prime Minister of the United Kingdom, it is a profound honour and duty to play my part in shaping that future and to do my utmost to support the peace, prosperity and progress that can give the people of Northern Ireland, the brightest future for generations.'





And define 'temporary'

[jpjohn1] 05/2/2019 22:14

Yes bargainbob, I think it will be the same or better than last year. Some might want a buy back, I would rather get an extra special dividend myself. Hopefully 2 weeks tomorrow they will say this PPI is coming to a close. I think it's one of the things that has held back the share price from rising sharply northwards :)

[cheshire pete] 05/2/2019 22:11

Jacko #5129, what an absolutely brilliant post sir. If only we had people in Government with your clear thinking and vision who could see the EU as it really is, how they operate to snuff out dissenters like the Greeks as though acceptable to punish them.
No deal looking more likely with each day that passes. Fudging continuing over the backstop, DUP don't seem impressed. LEAVE NO DEAL and WTO.

[minerve] 05/2/2019 22:10

Patient

Gates and Buffett?

If Gates really cared about the welfare of man he would have made Windows and Office open-source decades' ago. Instead he chose to milk the cash cow. All those decades where the productivity of cheap computing was denied to hundreds of millions in developing countries who still manage today on computing equipment made decades' ago. All that lost GDP, all the millions who could have been lifted out of poverty decades' ago. Didn't happen, because Gates preferred wealth over equality.

So, no, not Gates. He can try as hard as he likes with the Gates Foundation but it is nothing compared to what he could have done.

As far as Buffett, he probably comes the closest to be fair, but again, no man who cares about the welfare of others would amass so much wealth over such a long time. A token gesture of a man who believes he has the right moral values but hasn't put them into practice in the very long time he has had the chance to do so.

A billionaire and true philanthropist cannot be the same person.

[maxk] 05/2/2019 21:33

Thanks bob, we love you too!

[patientcapital] 05/2/2019 21:30

Gates and Buffett. So, yes, they are not mutually exclusive. I have run funds which in modern parlance would be called hedge funds. Some were onshore some were not. The unitholders/shareholders (some were open ended some were closed) invested to make returns. No different to buying a basket of underlying securities so I've no problem with the majority of fund managers going about their business trying to make returns for shareholders.Harding is UK based and as far as I know does pay tax here. As well as his recent donation he previous gave £20m to Cambridge. Whether or not his gift was a gift aid eligible one I've no idea. If it is them the beneficiary will be due an extra dollop from the taxman. Like Oxford, Cambridge has received legacies and large gifts since it received its charter and both have assets running into the billions so gifts are not a new phenomenon. I gather most of this particular gift is to fund full scholarships for Ph.D students.To be applauded.

[bargainbob] 05/2/2019 21:19

Maxk ,

We all love you .

[bargainbob] 05/2/2019 21:18

Jpjohn do you think we will get a bonus divi this year on top of the first 2.1 p next instalment.

[diku] 05/2/2019 21:10

polar...agree with you regards to RBS thread.... I have reason to believe that thread creator is banning posters if you have a differing opinion than his/her...

[polar fox] 05/2/2019 20:55

Spot on, Peter.

Of course, with a FTSE like LLOY, there are only limited occasions to post about relevant news, such as monthly PPI payouts, TVR updates, other RNSs etc. For example, RBS has had a total of only 73 posts so far this year and a good few of those are off-topic garbage posted by Leedskier.

While we wait to see how Brexit pans out and the possible effect on this thread's posts, my advice is to use the filter ruthlessly, which you appear to be doing already.

[jpjohn1] 05/2/2019 20:31

I put all the relevant news on here peterinthemarket . Only news today was on post 245241. All that's going on with Lloyds bank I put on the other Lloyds thread.

[petersinthemarket] 05/2/2019 20:10

There are some sad souls on here whose only interest is (very successfully) winding up others. Many of us recognize who they are, ignore them, filter them. Some of us also filter anyone that continuously gives the idiots oxygen by responding to their taunts. Two more (grahamite2, robwt) filtered. Almost nothing left for those on here who wish to read about Lloyds.

[bargainbob] 05/2/2019 19:58

Az209

No .

[steve4003] 05/2/2019 19:47

and whatgoesup

[steve4003] 05/2/2019 19:31

bargaintit the speelling is spesaly 4 getonmenerve as hes beta than evrey 1 at evrey ting

[gotnorolex] 05/2/2019 19:30

Vaya con Dios Maduro and take comrade Corbyn with you!

[jpjohn1] 05/2/2019 19:20

I know maxk, they have such variations it makes you wonder ! The thing is investors take notice of them whether we like it or not

[bargainbob] 05/2/2019 19:12

Minerve

Steve naive called you a Ashol. Glad you filtered the man, is speelling is shoocking. Mini haha.

[steve4003] 05/2/2019 19:01

If we all get getonmenerve to filter us, he can just jibber on to himself,

es stil a ashol, he wont read this, he filtered me last week. ha ha !

[maxk] 05/2/2019 18:51

Wet finger in the air john.

[jpjohn1] 05/2/2019 18:30

Yes maxk, I don't mind the 80p TP. But the new one a bit gloomy