Lloyds Banking Share Discussion Threads

[maxk] 07/2/2019 14:12

Is May deranged?

She has just assured the €uro's that the backstop is here to stay.

[patientcapital] 07/2/2019 14:06

France will be able to call on Eire to give her a few border pointers.

[mr.elbee] 07/2/2019 13:47

according to Dr. Doom we are now effectively at war[economically speaking] with the EU Commission..

Bring it on I say..

[grahamite2] 07/2/2019 13:36

k38, that's astonishing news, thank you. It's so remarkable I had to double check as you gave no link.

Recalling your ambassador is often the first step on the way to war. Any way you look at it, it's extremely serious.

It means that, in addition to the economic cracks in the EU we all know about, there are grave political problems too.

Bloody marvellous!

[wilmo] 07/2/2019 13:33

Canny
Good question. This board is dominated by non Lloy idiotic rambling. Sad individuals who obviously have nothing going on in their lives. I suspect my comments to be slaughtered by those I refer to LOL

[stonedyou] 07/2/2019 13:17

I take it you are a product of the Spanish inquisition. What gives you.....

the right to ask personal questions......I mean, who are you???? What function do

you.....work/play for.....

[cannyshoveyergrannyoffthebus] 07/2/2019 12:55

Stoned You

Have you ever posted anything on this board to do with Lloyds ?

Are you a Lloyds Shareholder ?

A Lloyds Employee ?

Or just a paid troll looking to stir up hatred with the EU ?

Hope for a response .

[stonedyou] 07/2/2019 12:50

The European Research Group (ERG) and Global Britain are today publishing:


Fact – NOT Friction: Exploding the myths of leaving the Customs Union.


Theresa May’s EU proposal will keep the UK in the EU Customs Union because UK negotiators feared that any new customs procedures would impose costs, cause delays, disrupt supply chains and undermine economic growth.

This paper exposes as baseless 17 Myths that underlie the fears and scare stories about leaving the EU Customs Union whether for a Canada style free trade agreement or under World Trade Organisation terms.

The launch event will take place today at 10.00 am in the Upper Room, Emmanuel Centre, 9-23 Marsham Street, Westminster SW1P 3DW.

Panellists include:
•Lord Lilley, Trade and Industry Secretary under Thatcher and Major
•Jacob Rees-Mogg MP (in the Chair)
•Rt Hon David Davis MP, former Secretary of State for DExEU
•Sir David Ord, Managing Director of Bristol Port
•John Mills, co-founder of Labour Leave and CEO of JLM who import and export to 85 countries
•Hans Maessen, Dutch customs and logistics expert
•Simon Boyd, Managing Director of Reid Steel

Some examples from the paper:

FEAR 1: “Customs paperwork” will have to be “checked at the border” after Brexit, causing delays at ports, queues, congestion on motorways and disruption to supply chains.

Fact – NOT Friction:

“All customs declarations are made electronically ahead of arrival at a port; most consignments are cleared within seconds of arrival; a tiny percentage are physically checked as a result of risk assessment by HMRC computers or intelligence information; and such checks may be carried out away from the border at importer’s premises or warehouses… most checks relate to dutiable goods, drugs or illegal immigrants and are made on the basis of risk or intelligence information. HMRC do not expect any of these risks to increase or new risks to emerge as a result of Brexit” and HMRC “will prioritise flow over compliance”.

“Deliberate delays [at Calais] would breach three treaty commitments (the original WTO treaty, the Trade Facilitation Agreement and the Lisbon Treaty requiring the EU to behave in a neighbourly fashion towards adjacent states). Of course, legal redress would take time but ports in Belgium and Holland are eager to take trade away from Calais.”

FEAR 2: There are no border procedures or checks on trade with the EU at present so any post-Brexit deal will increase trading friction.

Fact – NOT Friction:

“Companies have to report their transactions with EU countries separately in their VAT returns; pay duty on tobacco and alcohol (which yield far more revenue than tariffs would in the event of ‘no deal’); they may be searched for illegal drugs or immigrants; drivers must show their passports; and companies of any size must submit details of their intra-EU trade to Intrastat. All but the latter (which will be replaced by customs declarations) will continue post Brexit and constitute the major element of border compliance.”

FEAR 3: WTO rules require checks to be made at the border.

Fact – NOT Friction:

“Checks of customs declarations are carried out electronically and physical checks often made at importer’s or exporter’s premises. Even the Union Customs code, which requires agri-food checks at border inspection posts ‘in the vicinity of the border’ allows them to be as far as 40 kms inland.”

FEAR 4: Just-in-Time supply chains only operate exclusively within the EU.

Fact – NOT Friction:

“A fifth of components imported by UK motor manufacturers come from outside the EU, and their timely arrival is just as essential to the reliable operation of assembly lines. They are subject to customs procedures that do not cause the problems supposed to be likely when applied to future imports from the EU.”

FEAR 5: Free trade agreements impose far more burdens on trade than customs unions do.

Fact – NOT Friction:

“Free trade areas – e.g. NAFTA – are more ‘trade creating’ than the EU customs union. Businesses in Switzerland, Norway and other EEA countries are not complaining about completing customs declarations let alone calling to convert their free trade arrangements into a customs union. This may be because they welcome the free trade agreements their countries have been able to negotiate which would not be possible within a customs union. The Swiss have FTAs with countries whose combined GDP is three times that of the FTAs negotiated by the EU.”



Quotes for use:

Lord Lilley, Trade Secretary under Margaret Thatcher and John Major, said:

“The proposed EU agreement is the result of defeatist negotiating stemming from a complete lack of understanding about how international trade actually works.

“Fact – NOT Friction aims to broaden our understanding of existing customs procedures and to outline the reality of how the United Kingdom operating under World Trade Organisation rules will prosper outside the customs union.

“We should reject Theresa May’s constitutional monstrosity of a proposal, revive Tusk’s offer of a Canada-style free trade deal extended to the whole UK, which may become easier to negotiate once we have left and begun trading on World Trade Organisation terms EU as with non-EU countries after we leave the EU.

“I spent ten days incarcerated in the Heysel Stadium negotiating the Uruguay Round, which set up the WTO. Its rules provide the safety net our businesses and consumers need in exactly this sort of situation. It will ensure that the EU will have to trade with the UK on exactly the same terms as it offers its other major trading partners.”

NOTES TO EDITORS:

For more information, please contact Ed Barker on 07763 719 253 or [e-mail].

[xxxxxy] 07/2/2019 12:42

LEAVE and WTO

[k38] 07/2/2019 12:39

France says it decided to recall its ambassador from Rome after Italy's deputy PM meets Yellow Vestslol

[cannyshoveyergrannyoffthebus] 07/2/2019 12:34

you could and you usually do exlogiclad.

[exlogicalad] 07/2/2019 12:33

Cheshire I'm with you..Jacko speaks what we all think. Britain needs the Bulldog spirit of Churchill and Thatcher.

Latest news, Corbyn has done another U turn, old wet lips is now pushing a totally different view, still having to listen that awful Chakrabati woman whining on explaining Jeremyyy's new stance..

You couldn't make this stuff up.

[cannyshoveyergrannyoffthebus] 07/2/2019 12:24

What a Fanny Jacko is . Well done Jacko FUD of the year again .

[polar fox] 07/2/2019 12:21

Tom ND tweet:

May/Juncker meeting joint read out: backstop talks are green lighted, and the UK has been given 21 days for them (and to run down the clock). No10 are delighted with this. Source: "Important progress".


and

President Juncker and Prime Minister May have met today to review the next steps in the UK's withdrawal from the EU.

The talks were held in a spirit of working together to achieve the UK's orderly withdrawal from the EU, especially in the context of a shared determination to achieve a strong partnership for the future given the global challenges the EU and the UK face together in upholding open and fair trade, cooperation in the fight against climate change and terrorism and defending the rules-based international system.

The Prime Minister described the context in the UK Parliament, and the motivation behind last week's vote in the House of Commons seeking a legally binding change to the terms of the backstop. She raised various options for dealing with these concerns in the context of the Withdrawal Agreement in line with her commitments to the Parliament.

President Juncker underlined that the EU27 will not reopen the Withdrawal Agreement, which represents a carefully balanced compromise between the European Union and the UK, in which both sides have made significant concessions to arrive at a deal. President Juncker however expressed his openness to add wording to the Political Declaration agreed by the EU27 and the UK in order to be more ambitious in terms of content and speed when it comes to the future relationship between the European Union and the UK. President Juncker drew attention to the fact that any solution would have to be agreed by the European Parliament and the EU27.

The discussion was robust but constructive. Despite the challenges, the two leaders agreed that their teams should hold talks as to whether a way through can be found that would gain the broadest possible support in the UK Parliament and respect the guidelines agreed by the European Council. The Prime Minister and the President will meet again before the end of February to take stock of these discussions.

unquote

[shy tott] 07/2/2019 11:43

You do keep illustrating your low IQ Minerve. Anything requiring a small amount of deduction and you're lost. Also the things you seem to find funny - a swear word or a single entendre. Additionally my handle, which you think, or rather don't think, the initial intended name is 'shy'.That's one of your problems, people don't look at what you yourself say about your intelligence, it's other signals which explicitly display it.85 I'd estimate (I feel generous)

[willoicc] 07/2/2019 11:23

Between them they actually took well over £100 million.

[grahamite2] 07/2/2019 11:00

Like greedy directors of building companies taking over £100 million.

Directors, plural? Can you name them?

[minerve] 07/2/2019 11:00

"I can decide how many led lights I want when"

Eh?

You can have as many LED lights as you wish mate! Put a fairy on top as well.

What is this guy on?

ROFLMAO!

[shy tott] 07/2/2019 10:59

Careful, regarding an internal Irish border.Off the top of my head, checks could surely move to the French exit ports. That's 80/90% covered I expect. I'm not proposing that, just pointing out other ways are possible.

[willoicc] 07/2/2019 10:58

The problem with lefties is that they see how bosses screw the workers for every penny, then award themselves huge pay rises and/or bonuses from the extra profits stolen from said workers.

Like greedy directors of building companies taking over £100 million.

Looking at the number of houses built it worked out at about £50,000 per house. No wonder people cannot afford to get on the housing ladder.

[shy tott] 07/2/2019 10:54

Minerve, unlike you, I like to decide for myself what and when I do or don't do things. I can decide how many led lights I want when, and what and when to post. It's great having a free mind, unfortunately you will never experience that feeling.