Member Info for calisto

indeed.But as we have seen the ECB has little ammunition left to counter the recession this is inevitably going to get deeper and be difficult to recover from in a timely manner.At least the BOE has a bit of dry powder left and because they have only had one economy to monitor rather than 27 they have had to do very little which is probably just as well given the track record of predicting economic indicators. Rather than having to "defend" the Pound the Pound has actually been rather stable despite the Brexit buffeting and inflation has been manageable with little or no intervention. While we may not be able to avoid a slowdown over the next 12 months or so we may just be able to escape a recession technical or otherwise and be in a position to push on post October 31 aided by an interest rate cut if needed. As far as Lloy is concerned the banks forced to take massive hit in the aftermath of the last recession which while extremely painful for us as shareholders has nevertheless left us with much more resilient albeit smaller bank the we once had. it is worth reflecting where we have come from over the last ten years and what we have paid out to the Govt and quite a few freeloaders. With that in mind the next ten years will hopefully take us back to the times before it all went pear shaped.

They have had there years to get their house in order. There has been no shortage of advice issues by the Govt and most business advice consultants. Its pathetic that one month from the deadline a third of small businesses are still not prepared. Tis is just plain laziness on their part.

LLOY has managed to post consistently strong earnings quarter on quarter despite low interest rates has it has worked relentlessly on its cost structure. Its is all the more remarkable because it ha also managed to to set aside and pay the constant stream of bogus and legitimate PPI claims. While Lloy is not immune from rates it has nor sat back like many of its EU competitors. Lloy has been impacted by the ongoing Brexit shenanigans and the uncertainty this has created.

The decision to create "challenger banks" was a political one and doomed to failure right from the start as many warned at the time. The regulatory scored yet another spectacular own goal and like last time no doubt the established banks, and their shareholders in particular, will be instructed to pick up the pieces.

yes I believe so.

Harsh they like the I as well I think

FWIW taking the motor back to burgundy but with missy’s this time will be there on 31st coming back to blightie on 2nd November :/

Of course not but don’t tell the idiot remainers here are too busy learning ode to joy

looks to me like a few shorters are getting taken out. not before time imo

They should try to find some common ground in the interstate's of the country rather than individual political ambitions. Any kind of Liberal/Marxist Govt would be an economic disaster for this country at this particular time.

Lloy paid everything back plus an annual fee for having the "facility" on top. It also saved the labour Govt's bacon by buying HBOS which if they had n't would have collapsed our banking system. The Govt dis not get shafted but made sure the shareholders did.

je pose ma valise

don't forget Carney was one of the architects of Project Fear. His predictions as far as the UK economy is concerned have been way off the mark. Inflation has been low almost too low despite the weaker Sterling he is part to blame for as the market naively took his dire warnings at face value. One could argue the point that much of the negativity we have had to endure wrt the economic outlook can be laid in front of the BOE's door. His only remit ,Inflation, is low and falling giving him little scope to raise rates as a "no deal" has been largely factored in. Indeed as we are seeing today the possibility of an end to the stand off between the EU and the Govt has seen Sterling gain ground against a weakening Euro on the back of falling economic indicators for the EU's funding member states. By more luck that judgment the BOE has wiggle room to counter events which is much more than can be said for the ECB. Leaving rates as they are this week has been seen as somewhat "positive" for the NIM's. Deemed one of the most liquid UK centric stocks, Brexit "uncertainty" has hit Lloy disproportionately hard. Now the mood music is changing and the BOE continues to row back on its dire predictions value investors may once more begin to look at Lloy and its attractive yield in a long term low interest rate environment.

I believe it may have something to do with Brexit ? That though is a banned subject on this BB do you will have to look elsewhere. Good luck

Of course they do. But they are hacked off because Blair has been working with them to give them the keys to the back door and now they find the kick has been changed .

Its by a Remainer clearly, Its always the same It gets to a point that can no longer be argued with then the complaint goes in and the thread removed. Free speech, freedom of opinion and a desire to remain independent are foul traits to be eradicated.

energy costs declined 19% year on year.

ah really? well I suppose mud sticks doesn't it? there has been plenty of it slung about in an effort to character assassinate the man. I suppose if the baying mob gets enough sound bites the ordinary Joe in the street will obviously fall into line. Sadly that's what the the less eloquent Remain camp have had to revert to. I think the prospective LibDem MP for Devon was right in her wording albeit clearly wrong whom it was referring to. Remainers have shown themselves to be more akin to the SNP rent a mob that marauds in front of any camera North of the border than a serious minority opposition group. But like all minorities these days the are of the belief that shouting, hurling abuse and spouting misinformation is the way to get results. We have lost morality and if they get their way democracy too.

Ramsay macDonald Labour prorogued for 85 days I believe to bypass Parliament

Legal council is good- shame I can't see Miler's face because of the camera angle. Prorogation is not justiceable as the High Court has already ruled. Prorogation is certainly not illegal as it has been used time and again for political ends even by labour.