Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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''I just cant see how else it is possible to sustain the UK debt or to repay it''
There will always be debt.
Debt to GDP after world war two was at about 250%
Cardinal
"but doubt there will be a wealth tax"
It may not come next year or until the next election but I have long suspected the pandemic borrowing costs can only be met by a wealth tax, maybe a pensions raid. Where else is there anything like enough to take from, that hasn't already been taken? We owe at least 85% of GDP now and there is no possible way that will stop increasing in the next few years without a seriously redistributive policy of moving wealth away from richer people to reduce the states burden. My guess is assuming the next Government is Tory, they will sell it as a "responsibility to future generations" (while simultaneously spinning lies about reducing UK CO2 output).
I just cant see how else it is possible to sustain the UK debt or to repay it. We hardly achieved anything under austerity - other than a few tax cuts.
I might be way out but what else could fix the mess other than a wealth tax?
Skier.
I agree about the increasing tax burden. Someone has to pay for the vast sums paid out in the last 18 months but doubt there will be a wealth tax. My bet is Sunak will have a plan to make us all feel richer just before the next election. Meanwhile Lloyds is a good ‘hold’.
British banks could be most vulnerable to economic meltdown in China, according to Bank for International Settlements data
https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10128989/amp/British-banks-vulnerable-China-economic-meltdown.html
Can't disagree with that Brixton,mines tomorrow after more results
Xwave can you tell me from where did you dig up 5x.5 = 2.5 from when I clearly said when the sp was 25p,do you even understand 1 for 5 consolidation is, it would divide the share in issue by five instead of 71b .dyor
Bubble
I think second bottle ov swine is in order , wot say .
I don't recognise this junk share BLB mentions if he's talking Lloyds thisbshre is showing me a 40% return this yr alone. Get that in your Halifax savings account..
Xwave 10 what an a***** you are,I said,when the so was 25p they could of done a 1for five share consolidation,that means,1share at £1.25p for five of your shares,you need a brain scan my friend,don't be long seeking help,dyor.
"I've always thought you were thick"
your such a charmer xwave, ill remember you for that.
Xwave minus 10 has attitude problem .
Holly,
I've always thought you were thick but you can't even do basic maths, 5 x .5P is 2.5P not 25P! LOL
And what possible difference would that make the company would still be worth the same!
Skier
The Lloyds board are right to have a cautious outlook. Poorer times are ahead.
Completely agree
Oh, and don't forget the UK "wealth tax". That will soon be on the table here -- like America. Anyone reading this, with over £500k in assets or cash, may soon be in the crosshairs for a £5-50k lump-sum tax...
Just to put my penny worth in here,I would of been happy if the bod had done a 1for5 consolidation at 25p what a chance they missed,to reduce the confetti can someone explain why they chose not to,lloyd would be looking good now for sure ,imho dyor.
Dont know about you but 3.5% dividend would be nice i think they can afford that
To be fair, Lloyds are right to be cautious about 2022.
Next year is going to see a stunning and unprecedented surge in UK state taxes and state overreach. More income tax, more NI tax, more council tax, more dividend tax, more bank tax, more corporate tax, the highest tax burden in peacetime history, more bloated state, more surveillance state. Families and workers are going to see thousands and thousands of pounds whipped from their pockets overnight by the red Tories. Inflation is spiraling at 5-30%. UK real GDP growth looks set to crash to -1% by 2023.
The Lloyds board are right to have a cautious outlook. Poorer times are ahead.
BLB - I'm sure the people who don't believe they are going to get benefit from holding the share at this price will have sold it ..... presumably like yourself? Wonder what price you sold at?
blb
'' your own crazy predictions even predicting a buy back in March''
Yes, I am expecing a buyback in March - come February though the BOD may has reason not to have one - share price may not be at a level they think good value.
blb
"This is officially a JUNK SHARE and junk company as far as shareholders are concerned".
As I said before, Im in a much better position than the start of the year. I didn't sell at 50p plus this AM and intend to for years. And tbh I wouldn't be persuaded by a strong announcement from someone like yourself with a history of four posts.
In my earlier post I described my holding at £400 per point - it isn't a SB its a 40k share holding that I built up over three years, hence me averaging down all through this year. Apologies if I used the wrong language, I wouldn't ever try and make money by buying and selling short term.
blb
You are acting as if you do not realise we have just had a Q3 update, it was not full year profits with associated distribution announcements.
LTI,
You talk more crap and believe your own crazy predictions even predicting a buy back in March
lol nutter
blb
''WHERE IS THE COMMITTMENT TO SHAREHOLDERS''
The BOD are committed to running a profitable business - profits mean distributions to shareholders
LUCKY,
You are the type of cheers easy that Lloyds bank love.
Cheers easy give us you money we will give you er maybe something possibly nothing could be a maybe divi.
Read between the lines, this statement gives no certainty to confidence to investors
blb
''WHATS THE POINT OF BEING A HOLDER ''
Goodbye