Lloyds Banking Share Discussion Threads

[kkclimber56] 17/2/2019 16:37

Remember you read it here first.Once the results are announced on Wednesday we will all be better off............or worse off.

[xxxxxy] 17/2/2019 16:36

Some Brexit Party news




LEAVE and WTO

[xxxxxy] 17/2/2019 16:27

LEAVE and WTO

[minerve] 17/2/2019 15:54

In just over a week, I am hoping Hard-Brexit will be all but dead. What are you going to say then Stoned? ;)

[bargainbob] 17/2/2019 14:53

Britain’s richest man, Sir Jim Ratcliffe, who was knighted less than a year ago for his services to business and investment, has been planning to avoid up to £4bn in tax after switching his home and his fortune to Monaco.

The Sunday Times can disclose that the prominent Brexiteer, who built up the chemicals giant Ineos, has been working with the accountant PwC on the tax avoidance plan. This would see him and senior executives Andy Currie and John Reece legally share between £1bn and £10bn tax-free, depriving the Treasury of between £400m and £4bn.

A source with knowledge of the plan described the upper end of the range as “egregiousR21; and said it involved “labyrinthine” structuring. Another source said the plan had not yet been finalised with numbers still “being bounced around” and suggested it would eventually settle towards the bottom of the range.

News that Ratcliffe, who last week criticised the EU over its “stupid” green taxes, has been planning to take at least £1bn offshore sparked a huge political row last night. It comes after Sir James Dyson, another vocal Brexit supporter, announced he was moving the headquarters of his vacuum cleaners empire to Singapore.

The Ineos tax planning is understood to have caused alarm at PwC, which has been concerned about the potential for reputational damage if Ratcliffe and his lieutenants decide to aim for a big number.

PwC’s UK management board is understood to have consulted its public interest body, chaired by the former cabinet secretary Lord O’Donnell, as to whether it should refuse to help or even resign from the Ineos account.

Sir Vince Cable, the Liberal Democrat leader, described Ratcliffe’s planning as “deeply cynical”. He said: “There are thousands of our constituents who are being bankrupted by HM Revenue & Customs action over small-scale tax avoidance while big fish like Ratcliffe are just treating taxation as purely voluntary.

“The idea that we should be dishing out knighthoods to people who have no commitment to this country is rather shameful.”

John McDonnell, the shadow chancellor, said: “The greed of these super-rich tax avoiders seems to have no bounds.

“Don’t they realise that every penny they hide away in their tax havens is a penny not spent on our NHS treating the sick, or social care looking after our lonely, isolated elderly, or the education of our children?”

Meg Hillier, the Labour chairwoman of the public accounts committee, said Ratcliffe was in effect “sticking two fingers up” at the country that had honoured him.

Ratcliffe, 66, is Britain’s most successful entrepreneur. The grammar school boy from Manchester has amassed a fortune of more than £21bn through buying unloved industrial subsidiaries from giants such as BASF, BP and ICI, then turning them around with cost-cutting and improved management.

Ineos, which is valued at £35bn by The Sunday Times Rich List, has a turnover of about £45bn and 18,500 employees across 181 sites in 22 countries.

Ratcliffe has raised his profile in recent years, announcing plans for a new off-road vehicle based on the Land Rover Defender and becoming an advocate of fracking in the UK.

It is not the first time that Ineos has clashed with Westminster over tax. In 2010, after Gordon Brown’s Treasury refused to give it a six-month deferral on a £350m VAT bill, Ratcliffe moved its domicile to Switzerland for six years, shifting hundreds of millions of pounds of tax out of the UK.

Despite that, Ineos has benefited from state help on several occasions — the government provided a £230m loan guarantee in 2014 to help it build a gas storage tank at its Grangemouth refinery in Falkirk.

Ineos said it had 400 companies in 35 jurisdictions that regularly paid dividends within the group.

It added: “We currently have more than 10 major projects, including both acquisitions and new builds, worth over $1bn [£775m] each.

“We have just announced a €3bn [£2.6bn] investment in Antwerp [in Belgium] and the $1.1bn purchase of Ashland composites [a maker of resins for boats] with more to come.

“Ineos and its owners always fully adhere to all tax legislation and consistently use external professionals to verify that all procedures are correct and compliant.”

PwC said: “Consideration is given to all matters handled by PwC of this nature... PwC can confirm that it did not consider there was any reason to terminate its relationship with Ineos.”

[bargainbob] 17/2/2019 14:12

I'd suggest that Theresa May's government have been talking to civil servant experts who have clearly told her that Brexit and her Brexit planning initiatives have been utterly hopeless. The reports which these experts have provided will surely show that her Tory Government's plans will be CATASTROPHIC in varying degrees and therefore she can't possibly publish them, the ensuing embarrassment would be fatally damaging to her own Party and to her personally.
In the meantime the general populace can go hang.
THAT is unforgivable in a politician; they are there to REPRESENT the people.

[stonedyou] 17/2/2019 14:09

Lying Bob - With you on any message board.....hostility is seen and felt.....


"In a non hostile environment"

[bargainbob] 17/2/2019 13:52

I think it clear that the Brexiteers do their research as in depth as reading the Express or ocassionly the mail.

Oh dear.

[bargainbob] 17/2/2019 13:15

Jacko , the WTO You serious after the last update from them ?
Do a little research on the last update .

[minerve] 17/2/2019 13:13

When are you going to stop reading The Express Jacko? Your posts are very embarrassing.

[bargainbob] 17/2/2019 13:10

Feel free to post on the a Faucet thread if you want to knock ideas around regarding shares. In a non hostile environment .

[minerve] 17/2/2019 12:53

bargain

I am no longer a subscriber so thread creation would be no better than yours. Sorry.

Contrary to what some might think on here I am happy to discuss shares. I don't have Lloyds because I think you can get better yielding shares for a similar level and similar type of risk.

[minerve] 17/2/2019 12:49

Brexit - the gift that just keeps on giving. ROFLMAO!

[minerve] 17/2/2019 12:48

grahamite2

➡️ "A spokesman for the airline blamed “the uncertainty created by the Brexit process” ➡️ for the collapse
➡️ A ready-made excuse for any commercial misfortune.

You know that for a FACT do you?

Agreed some of these businesses had other challenges but it might just be the case that Brexit was the final nail in the coffin.

Ever had experience in business or are you just another armchair dunderhead from the smorgasbord of Brexit gurus? ROFLMAO!

I hope some of you idiots start a fund for those who have lost their jobs because some of the guilt rests with your dunderhead idea.

[jpjohn1] 17/2/2019 12:18

This is good news bookish, hoping to see the share price rise sharply northwards where it belongs. This one like other UK banks, have been in the doldrums in the last year

[bbalanjones] 17/2/2019 12:04

But: all major changes had to be unanimous. QMV only came in much later.

[xxxxxy] 17/2/2019 11:43

Paws

Absolutely agree