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Bloom

Morning Bros..

Respect but no bunting here until we get a party that stands up for the Uk and its values...

Wideride

Respect.

"Launching in late 2022 and following three years of growth as Citra Living, the Build to Rent arm of Lloyds Bank has rebranded to Lloyds Living"...

If you know anything about rental market you would of heard of Grainger plc. They had figures out recently

"Grainger, a UK residential and build-to-rent sector company, has seen substantial growth in key performance indicators for the year ended 30 September 2024.

The company's net rental income surged by 14% to £110.1m ($139m) in FY24, a notable increase from the previous year's £96.5m. This growth is further underscored by a 21% rise in EPRA earnings, reaching £48.0m compared to £39.8m in the prior fiscal year"

STP

For sure war is a very uncertain business ..Who knows what will be the next twist or turn... When people talk of victory, what does that mean and what does it look like?

The EU and the West are doing a pretty good job of wrecking our economy by themselves...

Lok..Good comment in the video it names the warships being mothballed or scrapped. These are tangible assets which would be needed.

Not forget also the last Govt waved through the sale of Ultra electronics and both Govts have overseen the demise of our steel and ship building capacity...

"MoD under fire for importing eco-friendly steel rather than buying British"..

https://www.msn.com/en-gb/money/other/mod-under-fire-for-importing-eco-friendly-steel-rather-than-buying-british/ar-AA1uC0dT?ocid=msedgntp&pc=DCTS&cvid=cc4d67936e8e48978419a096c4f17228&ei=17

I tell you one thing for sure you cannot fight a war with paper orders or a wish list... You need the hard assets and plenty of them..

STP

Morning..

This could be a funny one if it not so serious.

Very unlike Mr Felton who has over 2million subscribers to make any political comments. The frustration is however plain to see and rightly so..... Trying to play a high stakes game of poker with such a weak hand is very risky indeed..

As the saying goes...Si vis pacem, para bellum

Morning bros.

Russia very much on a war footing with 3 shift rotation at the tank / munitions factories. The Oreshnik missile used this week a reminder of what Russias missile capabilities are like....

So what we in the Uk going to do. Putin he say we are now part of the direct conflict. Well no 3 shift days here. As we see 1 million under 25s not working. Maybe we increase our military expenditure. Not that either. In fact Starmer announced cuts. So how well defended and prepared are we?

War researcher. Mr Mark Felton has updated his youtube video yesterday ..

"Can Russia Attack Britain? What A Conventional Attack Might Look Like"..

https://www.youtube.com/watch?v=AiDTMXbiXPA

Asimple

Thought that one obvious. They sell the gas... Hence it has a colossal Sovereign wealth fund.

Not think for a minute they not still investing....

"Rystad projected offshore oil and gas investments in Norway in 2024 to grow 17 percent year-on-year to a record NOK 254 billion ($23.2 billion). That would put the NCS ahead of established offshore regions including Brazil and the Gulf of Mexico, according to Rystad.

Lord frost he say

"In fact, what we are doing today is creating a reduction in wealth: the new asset is worse than the old one. The replacement of the current grid with rickety and expensive renewables is not an improvement; it is a massive reduction in productive capacity—malinvestment of the worst kind. Just think of all the genuinely productive projects that could be funded with the trillions that we are going to spend over the years and how much real wealth could have been created"..

He probably correct. Trouble is when we find out is too late.

Interesting comments about this one... Lot of Urban myth around absolute costs.

17th November Govt

"House of Lords Library, ‘Government climate policy: Economic impact’, 17 October 2024"...

Lord Lilley expressed concern that the UK had invested too early in technology before it had reduced in cost:

If renewables are cheaper, why is our electricity more expensive than in other European countries, which have less than us? If renewables are cheaper, why do they need subsidy?

Apologists say that those are the costs of old technologies and that the costs are coming down. The first part is true, although it is a shame they did not tell us at the time. Dieter Helm has calculated that Britain wasted up to £100bn by investing prematurely in immature technology, rather than waiting until it was cost effective.

Lord Frost sticking the boot in...

https://lordslibrary.parliament.uk/renewable-energy-costs/

Still the shocking stat that Almost 1m under-25s out of work ...

https://www.msn.com/en-gb/money/other/almost-1m-under-25s-out-of-work-as-labour-plots-benefits-crackdown/ar-AA1uvNeK

Must be something they can be doing?

Morning Bros..

Energy not really my bag. But I say my two pence worth.

Always seemed a very costly thing to be plumbing gas into every home in the 1980's. Why not they put gas into a power station to make the electricity. Then improve electric technology. Not need to be just can any fuel.

Same thing with the heat pump. Going to be very expensive and messy...There are some commercial ones. As far as I know UK’s largest water source heat pump at Queens Quay, Clydebank, which will see two 2.65MW heat pumps extract energy from the River Clyde. Other is planned . Southwark open loop for 2175 homes. (Consort, Newington and Wyndham housing estates).

Itsanightmare

Respect

Is a good point that one but I think you will find it is a quasi separate company.

These are its accounts.

Black Horse Limited Annual Report and Accounts 2023.. Member of lloyds bank group...

" The Company's result for the year shows a loss before tax of £(326,983,000) (2022: profit before tax £267,994,000) and net interest income of £270,336,000 (2022: £351,120,000). The decrease in net interest income is a result of increases in the bank base rate which has increased the cost of the fixed funding put in place during the year compared to historical funding rates. During the year a provision of £324,000,000 was recognised for the potential impact of the FCA review into historical motor finance commission arrangements and sales (see below and note 21 for more details). This, along with an increase in impairment losses are the principal reasons for the in year loss. The Company holds net assets of £145,102,000 (2022: £396,777,000)"...

https://www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/other-subsidiaries/2023/q4/2023-bh-annual-report.pdf

Interesting article this one on the EU.

Plain to see this.... It is being mismanaged to death..

Some alarming facts in the report and as things is stand they will only get worse.

Non paywall

"Useless Europe is sleepwalking into oblivion"...

https://www.msn.com/en-us/money/markets/useless-europe-is-sleepwalking-into-oblivion/ar-AA1utAIJ?ocid=BingNewsSerp

Santander it announce today a provision of £295m

Overall ..

"Analysts at RBC had previously estimated that the FCA investigation and court judgment could together end up costing Santander up to £1.4bn. Lloyds, which put aside £450m earlier this year, is expected to be left with a £3.2bn bill, Barclays £400m and Close Brothers £320m.

Lenders have been scrambling to adapt to the court ruling and assess their position. Both Close Brothers and First Rand have temporarily halted new business in the UK, and Lloyds has scrapped all commission payments across its £15bn Black Horse car division".

Non paywall....

https://www.msn.com/en-gb/money/other/santander-puts-aside-295m-for-car-loan-mis-selling/ar-AA1upwTF?ocid=msedgntp&pc=DCTS&cvid=d367523867f44a88b4aaea806bf5bccd&ei=10

TFE

Respect . Apologies posting same as you. Great mind and all that they say.

So we has the 20th Nov figures

CPI 2.3%

CPIH 3.2%

RPI 3.4%

https://www.ons.gov.uk/economy/inflationandpriceindices

No doubt Ms reeves say she disappointed.

STP

"Appears that an undersea intercontinental comms. link has been cut "..

been a lot of chat about this today. It is a massive concern. The only reason london exist as a financial powerhouse is because of such connectivity.

Things certainly ramping up in the conflicts and we are in this up to our necks..

Boris may have led us along a very slippery slope.

Russia in overdrive rolling out the 'KUB-M' shelter.

So with this one what the play? Why a bank worry if you should be claiming benefits"? Govt role to do that? Or am I missing something?

"The Lloyds calculator can be found in the new "More Money in Your Pocket" hub in the Lloyds mobile banking app, available from the "Everyday" page on iOS devices"

"Lloyds Bank launches new tool that tells you if you're entitled to benefit payments"..

https://www.msn.com/en-gb/money/other/lloyds-bank-launches-new-tool-that-tells-you-if-you-re-entitled-to-benefit-payments/ar-AA1ujRN1?ocid=msedgntp&pc=DCTS&cvid=9dc5c4b97fa94271b8779f9888f46c60&ei=9

Darth

For sure. if people learn nothing else from the army they will know the 7 p's

Proper Planning and Preparation Prevents P*ss Poor Performance.

Maybe our ruling elite need to be doing some active service.

Everyone have the good day. catch you later.

Darth

respect

Is a good post that one. We could all see the track ahead for the EU powerhouse economy was being ripped up by the misguided green deadlines. We discuss this quite a bit in the past.. Yet they still carried on trying to out green each other. A lot of jobs lost already and the whole sector in turmoil. Chinese must be rubbing their hands not believe the stupidity

Gate13

Respect

I wasn't going to say. The grammar not always my strong point , but that was a funny one..😂😂😂😂