Tartan Lady A tale of woe. Mrs Newchurch would love it. It is to be hoped they get there soon with that. On one hand we might hope we make agreements much quicker than that and surely all that work would help us with any future agreement with Canada wouldn't it? On the other we have to grapple with an EU trade agreement ourselves, as well as our own divided interests. As the article goes on to say Maltese Prime Minister Joseph Muscat said "Britain, which plans to form a new trading relationship with the EU 27 after it has exited the bloc, may be watching with concern. If there are all these disagreements to have a simple trade agreement with Canada, just imagine an agreement with the United Kingdom."
Tough times ahead. Maybe it will be exciting and interesting however. We might miss the shelter of the EU especially if Russia starts dipping its paws in our attempts to strike trade agreements, a la John le Carre. The chances are they have a hand in some of this. The new cold war. It could make for some good new spy fiction at least.
When the first tranche of £3.3billion was provisioned for PPI shareholders were given indications that it was all that was required for PPI. There are rumours there will be a further £800million in the 3rd quarter results. If £2billion is still lying unused then it is anybody's guess where we will finally end.
Moreover Lloyds in talks to takeover MBNA which has its own PPI .
If the 3rd quarter results are not good and there are no buybacks or the like late 40s SP would be justified. Like most brokers i will revise my estimates of SP after 3rd quarter results :-)
Thanks for link, £2bn left unused for Lloyds it states, I was hoping would be more left. By 2019, lloyds will have been dishing out coin for the whole decade. I know nothing of Lloyds, however a few years ago was advised by someone working for another high street bank of the volume of false claims being made. He advised 35% had either never had a loan or had a loan but had not taken PPI. The bulk of these came from claims management companies. Even worse once declined these claims were referred to the ombudsman by the cmc's. The ombudsman asked the bank for the details and then declined the claim.
The last sting in the tail was that the bank then had to pay the ombudsman circa £500 per case referred by the cmc's. The cmc's of course paid nothing.
I am not saying that PPI was not regularly wrongly sold, but there is no doubt in my mind the banks have been harshly punished for it.
Canada walks out of trade talks with 'incapable' EU BRUSSELS (Reuters) - Canada's trade minister walked out of talks in Belgium on Friday, declaring that the European Union was incapable of sealing a planned transatlantic free trade deal designed to boost growth in both economies. All 28 EU governments support the Comprehensive Economic and Trade Agreement (CETA), but Belgium cannot give assent without backing from its five sub-federal administrations, and French-speaking Wallonia has steadfastly opposed it. The agreement, the EU's first with a G7 country, would according to supporters increase trade between the partners by 20 percent, boosting the EU economy by 12 billion euros ($13 billion) per year and Canada's by C$12 billion ($9 billion). A visibly shaken Chrystia Freeland, Canada's trade minister, emerged after a full day of talks with chief Canadian and EU trade negotiators and Walloon Premier Paul Magnette. "Canada has worked, and I personally have worked, very hard. But it is now evident to me, evident to Canada, that the European Union is incapable of reaching an agreement – even with a country with European values such as Canada," she said. "Canada is disappointed and I personally am disappointed, but I think it's impossible," she continued, adding she was heading home. A source in the EU's executive European Commission said it had not yet given up hope of reaching a deal. Separately, EU trade commissioner Cecelia Malmstrom said in a tweet she was sad talks had halted, but still hoped to find a solution. Wallonia is home to about 3.5 million people, less than 1 percent of the 507 million Europeans CETA would affect, but the EU's flagship trade project rests on the will of its government. It continued to have concerns about the threat of surging pork and beef imports from Canada and an independent court system to settle disputes between states and foreign investors, which critics say may be used by multinationals to dictate public policy. Many EU leaders also suspect the local government in Namur of using its devolved powers to play domestic politics. CETA was in theory due to be signed at an EU-Canada summit next Thursday in the presence of Canadian Prime Minister Justin Trudeau. "We feel we've done everything we can do. The ball is in their court," Freeland's deputy, David Lametti, told reporters in Ottawa. Asked whether Canada had any more room to be flexible, he replied: "It's fair to say we would continue to negotiate in good faith." A source familiar with the matter said Trudeau had set a deadline of Monday to decide whether to fly to Brussels. A spokesman did not immediately respond to a request for comment. IMPACT FOR BREXIT? Failure to strike a deal with such a like-minded country as Canada would call into question the EU's ability to forge other deals and undermine a bloc already battered by Britain's vote to leave and disputes over Europe's migration crisis. The wa
Keltic Capitalisms the private ownership of production and distribution I thought. For any goods or service, from food, wheels spoons, housing up. We have a mixed economy though and my point was instead of qe it might at times be better to invest in infrastructure and pay people to work on it. To lift people at ghe lower end. Nothings straightforward though the construction industry cry out for foreign workers. Really.. on Brexit, given its complexity the Tories should have instigated a study of Brexit, put the conclusions to parliament and held a vote. It would have taken time but it would have been useful and 6 months will have passed soon with them none the wiser. Going into negotiations unsure will have them minced .. not in a gay way.
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