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The problem here is clearly the UK has colonial mindset.
It was OK for Britain to invade have the world, enslave or murder its people, and loot their resources and wealth.
So, OK for the British to go where they please and live there.
Even in very recent history Britain carries out invitations and supports genocidal government.
So bottom line is it is OK for Britain to do as it pleases woe betide anyone who wants to come to the UK.
The height of hypocrisy.
That is rather how I see it. There is a certain amount of hedge between there being actual/impending bad news for Lloyds and the ability to buy back at a low price thereby giving increased capacity to up the dividend. Obviously the ability to buy back is dependent on results not being too bad. The buyback will, in time, show through. Unfortunately it may take quite a bit of time but there will be a year when Lloyds is no longer battered by “one-offs”. I thought it would be 2024. I think the BoD did as well because they had moved conduct remediation expense back into “underlying” profit which now is no longer going to be as smooth as they would have hoped.
I think the reason they took the £450m car loans hit is likely because of the Telegraph provision write back, which it now transpires was £700m. This unexpected windfall meant they had extra capacity to take hits in 2023 and so help shield the 2024 p&l and capital availability. I suspect it also meant they could pay the remaining £250m pension deficit payment early in December 2023. Rather neatly adds up to £700m. Perhaps too neat.
The car stuff could get messy. These types of issue tend to get worse rather than better. I would hope though it is anchored around the £2bn rather than the wilder estimates. I also hope, if there has to be redress, the FCA learns from PPI and stops an open-ended free for all. So time limit to claim eg two years and eg requiring claims companies to put up deposits for each claim only refundable if the claim is successful. That would stop them putting in fraudulent and duplicate claims where the admin burden falls on the banks.
Nomlungo.
When did Labour succeed in controlling your Big 3 ?
Interesting fact Starmer has A Jewish wife and his children are brought up in the Jewish faith, but he loves those that would firstly wipe his family out and then enslave him or kill him.
Blair, Cameron, Osborne, Mandelson, Straw , Lord Dobbs , and Shapps and many more in Parliament have Jewish blood, Boris Johnson does even better with Muslim and Jewish blood and even the name Johnson is fake his real surname is Turkish and is on record a few years back of calling for Turkey to join the EU.
None of those with Jewish connections are on record as speaking out against the invasion of the Muslim Hordes, strange.
"Scrutiny of Labour's Policies:"
Labour playing this like a hand of poker at the moment keeping their cards close to their chest on what their policies will be. But once the date of the GE is confirmed then Labour will have to "lay their cards on the table" for all to see. Then we see what the opinion polls say as the election gets closer.
The Labour party faces multiple hurdles ahead of UK General Election.
Be careful, it's not a foregone conclusion.
“Among the key headwinds facing Labour, this analysis identifies three primary areas of concern:
Historical Trend of Losing Support: Labour traditionally faces a decline in support as the election approaches.
Impact of Seat Boundary Changes: The upcoming election will be the first under new constituency boundaries since 2010, which are anticipated to favour the Conservatives.
And this!
Scrutiny of Labour's Policies:
With all the flip flops, as each policy decision doesn't add up they have to drop them.
As the election draws nearer, Labour's policy platform is likely to come under increased examination.
While the winds of change seem to favour Labour, the party's ability to navigate these challenges will be critical in determining whether it can convert its current polling lead into a governing majority.”
Nomlungu, nail on the head there!
Tories have utterly destroyed this country.
Atisha, I get it but why this attitude of leaving your own country? Thats what they want , stay and fight. This great country has been through multiple attempts to destroy it.
It'll take a bit more than a few skinny armed leftists and their medieval mates
Labour will double all of the Big 3. Get out and find a country where they still speak English and have freedom of speech.
Sack all staff that don't want to work and re-hire new staff that do. Eventually the only place left for them will be the public sector and that's already overstaffed.
'Immigration ..NHS......cost of living(inc Taxes).....the big 3 imo '
Not hard to beat the Tories then as they have dismally failed on all 3. A spectacular hat-trick of failures.
Another reason for leaving the decaying EU.
Not sure Starmer ever had the plot.
Mr Nunn earned nearly £90,000 less than the year before because a measure of 'employee engagement' that is used to calculate his bonus fell short at the end of 2023, reflecting workers' unhappiness at being hauled back to the office at least two days a week.
https://www.dailymail.co.uk/news/article-13121947/amp/Lloyds-staff-punish-boss-ordered-office-90k-pay-cut-hes-3-7million.html
..imo..... US mon /tue home sales..durable goods ,consumer confidence...Thur German cpi worth a watch...gla
One of my mates bought a house in the country, why all the land as well Mike i asked ? The Answer was : I like pigs but i don't want the farmer plonking them there & one day my family are going to have to live here but they don't know why yet.
Immigration ..NHS......cost of living(inc Taxes).....the big 3 imo ...in no particular order....gla
You'd better learn how to swim or you'll sink like a stone, for the times they are a changing,
Chid,
The £2bn buyback was widely expected, maybe not by you, but by most.
Agree TFE, Cuckoo and NuckyT must be kicking themselves for bailing out first thing last Thursday.
And a very well said to ATISHA too.
ImaRight, very well said, sadly the naive and stupid need to wake up, this country is now in deep trouble. Trojan Horse comes to mind.
....as a footnote to my last post..europe in general is changing beyond recognition in parts also...gla
Brixton could be correct...... as we get older (im 67 v soon) we are seeing the country change in parts beyond recognition unfortunately....one of my broyhers has moved abroad now and another one is seriously considering it....i spend about 3 months of the year out of the country and have so far resisted the urge to move abroad.....however my brother is making it look very appealing.......very concerning times....gla &atb
For areas black horse and treasure island the black clouds are thickening ,and a deepening depression continuing, all sails have been fully reefed and storm sail rigged,storm oil prepared and in place,all hatches are battened down, the old tub is now at the mercy of Poseidon, dont forget to take your sea sickness tablets,enjoy your day.
Chavs are the real danger to this country, especially the unineducated ones
The biggest thing I don't like about being in Lloyds is having to read all this cr@p by knuckle scraping, unineducated low-life chavs.