The figures are not bad at all given everything. It shows a strong business. This share is giving out 6% dividend. The rules of wise investing are laid out in ancient stone now. Choose sound businesses, buy low, sell high, hold for income, diversify across sector and investmentment type. Do not invest more than you can afford. How mang follow those simple rules.
Central bank heads have to be appointed by governments who have views on who represent them best. For the ECB there are 19 countries involved. In most just one. Choosing a head is not the same as tweeting and presduring them to take rate decisions to suit one individuals desire to wage trade wars.
Its very relevant to.mention Fed rate decision here. It doesn't normally directly affect Lloyds too much. Our own issues do as we see. Markets are expecting a cut. They'll also be looking at what is said to try to determine intentiins. They have the ludicrous problem of Trump pushing for more rate cuts so he can wage his damaging teade wars and still look good. Central banks are supposed to be independent of governments for good reason. Governments aren't supposed to damage trade either while conducting terrible foreign polucy. Boris copying Trump is no good thing.
Bruce I know what you mean though. The scots used to say much the same thing I imagine while they were distilling whisky on hillsides from ingredients that cost practically nothing while watching for customs men.
Calisto. How will adding 40% tariffs to wine from everywhere reduce our prices? Because we can not put different tariffs on EU wine to elsewhere. Similarly the EU are not in a position to reduce our lamb tariffs.
I fully comprehend his point. It's impossible to misinterpret. He is a crackpot who is on record over and over promoting no deal whole saying it will end the UK car industry, much of the manufacturing sector and farming. All he things he thinks are ok. He advocates taking away workers rights and envirinmental controls. What he said in 1981 doesn't justify his claims now which have been widely discredited.
Patrick sadly as wrong as ever. Nearly 70% of imports come to us tariff free now from EU, EFTA and countries with EU FTA's . Only 10% of imports come from America. A reduction of prices by 20% is impossible.
The position is more complicated as the current plan is to reduce our import tariffs to mitigate the move to WTO. But as Liam Fox says that is stopping countries like Canada rolling over FTA's because it gives them a better deal than an FTA. So import tariffs might yet be set higher. If Liam Fox doesb't know a few weeks before who does. Meanwhile WTO tariffs on such as lamb and cheese to name but two .. £400k plus p.a will make them non viable exports on these rwo products alone.
Red herrings those boomer. A standstill arrangement as it was suggested by some in the ERG and Johnson was based on Gatt rules, but we know that's not viable in a no deal. What you describe suggests you simply think a withdrawal agreement will be made and a transition period approved. If you don't know it's ok. .
Caliato .. no one has forgotten our deficit with the EU. Its just that its not had the predicted effect. The reson being deficit or surplus, it's still trade. Imports are as important to us a country as exports, probably more so. There's no viable option you could call a 'stand still arrangement' either is there .... do you feel able to desribe how it would arise and on what legal basis ?
"We haven’t taken a view about the merits of a cashless society. We haven’t concluded that it’s impossible, or even undesirable. But our research shows that if we fail to plan and prepare for it properly, a cashless society would do significant harm to the millions of people who would be left behind"
That's one statement by the BOE from their 'Access to cash review'
No one is spinning a line about cash - least of all BOE - they and people generally expect cash will go in the end - its common sense - as demand falls away until a critical point is seen which invites a decision to plan for transition. Whether that's in 10 or 15 years no one can be sure, depends on retailers, behaviours and technology. The pressure is on from the population, and vendors. BOE's job is to keep cash alive and supported as long as its practically needed and then manage the transition when it comes as seems likely. It recently pulled a group together in the finance sector to make sure cash is supported properly. https://www.bankofengland.co.uk/news/2019/march/boe-welcomes-access-to-cash-review