RE: Beating expectations30 Apr 2026 05:26
What STP forgot to mention in the article was buried a lot further down, so I will fill in the rest so that it aligns with the first post.
“ Although interest rates look likely to remain higher for longer than previously expected, which should help the margin, it could tip some already struggling borrowers over the edge.
And its dependence on a fragile domestic economy remains a concern. Among G7 countries, the OECD says the UK will be the worst affected by events in the Middle East. Due to high government debt and a reliance on energy imports, higher oil and gas prices are expected to lead to rising inflation and damage economic growth.
Of further concern, a recent survey found that business confidence is at its lowest level since the pandemic.”
So Lloyds are in a precarious situation, is the future bright or not?