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PPI very worrying for LLoyds have they told us the truth......
The payment protection insurance (PPI) scandal could cost banks £53bn, according to a forecast made as firms warned of mounting bills from claims.
Dominic Lindley of New City Agenda made the estimate as CYBG warned of a potential £450m bill for new claims. Shares fell 21% to record lows.
The owner of Clydesdale, Yorkshire and Virgin Money blamed an "unprecedented volume" of complaints sparked by the 29 August deadline for claims.
Other banks also face higher costs.
Royal Bank of Scotland, owner of NatWest, said on Wednesday it could face a £900m charge, while Co-operative Bank said on Thursday it was assessing its costs.
Mr Lindley, who has been keeping a tally at the think tank, said: "This means that total provisions from the banks could reach £53bn."
He believes the bank with the biggest bill, Lloyd's Banking Group, could announce an extra provision of £2bn, while Barclays might set aside as much as £1bn more.
Neither Lloyd's nor Barclays was able to comment on the speculation.
https://www.bbc.co.uk/news/business-49592643
They would look pretty stupid if Boris did offer a General Election and could not get 75% ? backing by MPs.
Blair is no fool and can see why Boris could call a snap election.
Blair says :
"Boris Johnson knows that if no-deal Brexit stands on its own as a proposition, it might well fail," he said.
"But if he mixes up the Brexit question with the Corbyn question in a general election, he could succeed, despite a majority being against a no-deal Brexit, because some may fear a Corbyn premiership more.
"He [Mr Corbyn] should see an election before Brexit is decided, for the elephant trap it is".
jamesroo,
The remainers have done everything possible to stop the referendum vote with their spoil tactics, yes the democratic one, now Boris pulls a move that is totally legal and the remainers start telling us what a underhand move that was.
He's a quote from good old Philip Hammond who brand Mr Johnson’s suspension of Parliament “profoundly undemocratic”.................we'll you started the dirty tricks toys out of the pram come to mind.
We had a vote, the remainers sat there doing everything they could to undermine a democratic vote.
And that's fine...
When Boris takes legal steps to enact the result of the original democratic vote all of a sudden shock horror and outrage.
Maybe as October 31st gets nearer the EU will come to their senses, I believe Boris is serious about wanting a deal but the back stop is not feasible to a Sovereign state, IMO out with no deal because if we stay in that is only the first step with regards EU negotiations, they want our fishing waters, Spain *****ing about Gibraltar the beginning of the end.
The UK government playing hard ball........................who'd have believed it, the EU have had it all their own way with May trying to juggle all three balls Remainers, Leavers and the Tory party leaving the EU to walk all over us, any wonder the likes of Dominic Raab wouldn't put their signatures to Mays Chequers deal.
I'm not sure brexit will last that long, southern Ireland will break and the other EU countries will have to modify the backstop or even drop it, at the moment brexit is certainly hurting the UK and the £ but the EU have far more to lose going forward, they know our ace card is the backstop theirs ?
Great post Love_You as a life long Labour supporter (no I wont be voting Labour whilst Corbyn is the leader) back when New Labour/Blair won with such a big majority they could have done so much more for the likes of the people you mention, so disappointing 13 years in office and we find we are paying private business's ridiculous rent/repayments for the likes of hospitals, schools, fire stations and much more built with the blessing of the then Labour party.
See the remainer's are doing all they can to smear anyone involved in leaving, Farage forms a party and the EU get involved with regards funding, Boris is getting charged with lying about the £350 million a week slogan on the side of the bus.
Just the one question when are the likes of Cameron and Osborne going to be questioned with regards to Cameron's "if you vote leave it will be to leave the EU, single market and the customs union" and this referendum will be a one off, never to be done again, and Osborne's fear mongering " unemployment will hit the roof, an emergency budget will be inevitable and I will have to raise National insurance and other tax's, the pound will fall,"
Let's have a look at what has happend, the MP's are doing there darnedest to keep us in the EU, single market and of course the customs union even with a mandate from the electorate to take us out of the EU, our manufacturing is doing very well with our poorly performing £, no emergency budget was needed, our tax's have not gone up, on the contrary Hammond says we now have the chance to reduce tax's, and employment is at record highs, hope to see you in the dock soon Mr Cameron and Osborne.
I'm not suggesting we drop brexit, with Farage and the new party coming together with in many cases respected candidates unlike UKIP they will brush both the Tories and Labour parties away, that is unless the Tory/Labour packed concoct a deal so there are no EU elections, both parties are s******g themselves.
I believe they will do just that, I would think the last thing either the UK government or the EU Parliament will want is dozens of Brexit Party MEPs causing havoc, having said that there will be plenty of right wing MEPs from the likes of France, Germany. Italy, Greece the EU Parliament will reap what they have sown.
Watching the results coming in on BBC one there was only the Tory MP who talked sense saying it was because of Brexit, the Labour MP Barry Gardiner not accepting it was anything to do with Brexit but a midterm reaction, great stuff your trailing a very poor Tories party in the poll's you fool.