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"Banks will be forced to reimburse scam victims up to £415,000 under new rules"...

"Banks will be forced to reimburse scam victims on sums worth up to £415,000 from next year, the Payment Systems Regulator (PSR) announced on Tuesday".... Ouch...

https://www.telegraph.co.uk/money/banking/banks-forced-reimburse-scam-victims-415000-pounds/

"Can these things help the Lloyds share price double in 2024"?

"We’re near the end of another year, and the Lloyds Banking Group (LSE: LLOY) share price has disappointed investors again.

I start each year thinking surely Lloyds will bounce back this time. But it never does. All it’s managed in the past 12 months is a weedy 3% gain.

That leaves Lloyds down 10.5% over five years, even though we’ve had good dividends. The cash did stop for Covid, but it came back as soon as the regulator allowed........Contd...

https://www.msn.com/en-gb/money/other/can-these-things-help-the-lloyds-share-price-double-in-2024/ar-AA1lMrft?ocid=msedgntp&pc=EDGEDB&cvid=5074bb1a15e5449a8cd630cbacdbde2f&ei=13

"Bank of England warns wages are rising too fast to lower interest rates"..

https://www.express.co.uk/finance/personalfinance/1847129/bank-of-england-interest-rates-recession-drop

MPs to get 7.1% ay rise 🤣🤣🤣🤣

There is the nothing like the leading by the example and this is nothing like it.. You know what I am saying?

Morning Bros

So let me see this straight.

Inflation fall being put down to the fall in the price of fuel at the pump and food price fall ( maybe due to cheaper transport)

Price of fuel not in Baileys portfolio

Sunak / Hunt could has reduced the tax take on fuel. As many on here suggested, bringing down the inflation.

So in the end inflation has fallen because of the weakening dollar and price of oil..

All the rate rises they cause lots of pain and look like the wrong treatment

Scotland raising the taxes and Wales going with a lot of austerity measures. As for the England we has to wait and see, but it will come. Labour Govt almost a racing cert .....

We not out the woods yet by a long way...

TFE

For sure what is overweight ?.. To my mind all that says is that people do not invest and the leave money. They are far more intuitive than that, moving it as they see the plays.. Day trading / swing trading still bossing it in these markets and with that is kicking off around the globe.

I keep plenty of the powder dry even if that mean the tax man keep adjusting my code... !!!

Long day ahead deal with some of our HNWIs today so best behaving..

STP

Respect. many thanks for that.

Just when the Mr Bailey thought he could get the inflation genie back in the bottle we may well see again too much money chasing too few goods and we knows where that will go..

What the markets make of this depends on what is happen next.

42% of our food in the Uk is imported...

https://www.food.gov.uk/our-work/our-food-2022-going-global

We is 18% self-sufficient in fruit and 55% in fresh veg – the latter is declining 16% in the past two decades in 1980 we was

78% self sufficient..

Livestock.

We has to see how this play out... At least there is the other route around the cape of good hope.

This add another week at least to the voyage. Not good for the perishable goods ... extra cost etc and Egypt will be hit by loss of revenue.

Not good though that this is even possible. West looking not up to the task again.

Lets hope the straight of Hormuz not next. Iran will be up to no good that is for sure...

BP says it pausing its ships going through the red sea.

Around 40 percent of the international trade passes through the narrow strait between Yemen and northeast Africa.

Two more ships targeted today..

Price of oil up.

Putin will be rubbing his hands. big headache for West.

In the Telegraph it says

"Hostile states will ‘drive’ migrants to UK and destabilise the West, warns Sunak"..

https://www.telegraph.co.uk/politics/2023/12/16/rishi-sunak-giorgia-meloni-illegal-migrants-britain-reforms/

For sure I can see why he the boss. sharp as the tack. !!! Maybe not drive but sort them a dinghy..🤣🤣🤣

How a bout he not pay the French millions but send them the bill?

This has been said for a long time . 2yr ago in the times

"How migration became a weapon in a ‘hybrid war’

https://www.ft.com/content/83ece7e4-cc71-45b5-8db7-766066215612

Rwanda farce it carry on. We sent more Home secretaries to Rwanda than economic migrants all at enormous cost. Still whilst they can keep squeezing more and more of the taxes from us thinking we not notice.. !!!

James Cleverly’s constituents inc. Jamie Oliver not happy with the plan for a super prison ..1,700-inmate prison on the former RAF base at Wethersfield

https://www.msn.com/en-us/news/world/plan-for-mega-jail-in-idyllic-essex-village-revived-amid-prison-shortage-crisis/ar-AA1lyCMo

Estimates afew years back put the cost at £234 million with G4S reported as winning a £300 million Government contract to run it.

Brexit was about taking back the control of our borders. This Govt spent two years trying to reverse it and the rest putting the two fingers up that. Brext was a wise move by the public but sabotage from within.

When the Bojo he say he want immigration at 100,000 who think he meant a month.?

Dorfan

Respect

For sure this a major problem. Other problem is the Panana canal level. not enough rainfall to fill the lakes that keep the level up...

Any disruption to the flow of goods like we seen with the Covid causes major problems. Perishable goods in particular a problem and a lot of ours comes from the places like Peru..

Where it sits on the scale of potential market shakers I is not sure..

Dorfan

Well for sure we need a change of Govt.!! This one is certainly broken...Morally and financially..

Net migration

1992 49,000 >>>>>

2017 270,000

2018 285,000

2019 275,000

2020 374,000

2021 456,000

2022 745,000 (revised up)

2023 672,000

As they says.

Houston we has a problem 😒

Dorfan

As they says be careful what you wish for.

No businesses no business rates also revenue from car parking will dry up... Jobs will be lost locally and as we are seeing it all start a spiral of decline.

Note that many of these online businesses are not even in the uk. Paing no VAT or taxes but killing legitmate business.

I give you an example.

On The Ebay

take strimmer twine.. Just one example there are thousands.

https://www.ebay.co.uk/itm/386279231868?hash=item59f009517c:g:hRcAAOSwjTllUeU1&amdata=enc%3AAQAIAAAA4K8e2%2BJ%2FswLwle5oBzJ6iLcy1%2BjTcAqKwD5wLslRipbfSB0x5mzaZtzHS6p%2B%2B4ylP3v2%2FTJwjUirJT7vNaO0OKcsWUObpm54%2FtytDXOe1PfdWVggnrPYqAZkmcfcEmbXF5i5MX7pmwwDgtQZGVS1YfIn9d3cB9v%2FVq1eL7DFRTZNNWMXCwtn%2FNRmC7SggktlcYUXq5x1uUosod8OpNu9fAQp2YdkLjGqPjHqu2se52B9E%2FFiVMC5fglasq%2BK9Ja0%2Bi%2BLCF0Kzi2Djq4PRf1QAfY%2BMPRYoWuR9hdxyaCGLdAg%7Ctkp%3ABFBM2oCvpo5j

Says it Uk...Located in: Welwyn Hatfield District

But scroll down to

Business seller information.

Shenzhenshi Oushangjia Trade Co Ltd

guoshao zheng

801 building 12 Lane 4 Qinghu village

Longhua street Longhua New District

518000 Shenzhen

China

On line shopping is not just the whole country... You know what I am saying.

Dorfan

On line is only part of the problem. You know how much high street shops pay in rates, rent etc? . It is eyewatering.

This chap shows the business rates. Then they has staff wages, heating etc.. Govt should have stepped in and slashed the rates. Then we has shop lifting which is a big problem with the courts and police giving it the soft touch..

https://www.youtube.com/watch?v=GPJti1ASGcc

Respect FB but no surging Uk economy.

Insolvencies up 17%, Councils going bust, roads, towns and facilities such as schools and hospitals crumbling. Zero investment and the HS2 being massively scaled back. 10 people going through most courts in the Uk every day losing their homes. Sunak was asked about this but his answer was he not care.

GDP down 0.3%

Wandering turnip on the youtube does a walk around many of out towns and cities and they are becoming like some of the worst deprived areas in the USA..

Slough

https://www.youtube.com/watch?v=R6hsJ7h8t5w

3200 people in Bristol homeless... half of them the young adults.

Crime is surging.

New book out the "State of Emergency: A Voice for the Silenced Majority"

Excellent lecture on the Youtube also.

"Wages grew at a new record pace, official figures show, but the jobs market is loosening as the Bank of England prepares to announce its latest interest rate decision.

The average annual growth in total pay, including bonuses, was 7.2pc in the three months to October, the Office for National Statistics said".

So what Bailey to do?

FB 👍

Trouble is you never know which spark can lead to an inferno. We seen this with Covid. Even the small players like the Houthis could cause chaos in the middle east with yet another attack on a ship today. US will not want to have to try and deal with that problem.

Ukraine not going well. Govt spending money like it going out of fashion and the debt is soaring. How long this go on for?

Jreid

Respect but it not just about Linekar per se. He is by default using the BBC to speak out against Govt policy. This is dangerous territory.

BBC is supposed to be non partisan.. Rwanda may be this Govts tipping point into political oblivion..

Anyhow lets start the day with a bit of fun.. ... No tips on the Surstromming challenge? I is worried I tell you. If you don't know what it is see below.. His daughter on the right is an absolute legend...

https://www.youtube.com/watch?v=e-qflm0APTk

Morning Bros

Respect jreid, but if you bet on the horses do you not take into the consideration on the day of the race the weather, condition of the course, soft or firm ground any handicaps etc.?

As with the Lloyds bank it is not just about the black horse.. You know what I am saying?

Quick lunch post..

These Bros are the ones with the clues.. In their reports they says ...They is hiring 50 more staff to work on insolvencies,

"Corporate insolvency volumes across England and Wales grew by about 17 per cent to 24,326 in the year to September, according to the Insolvency Service".

https://www.msn.com/en-gb/money/other/surge-in-struggling-companies-is-good-for-business-says-insolvency-specialist/ar-AA1ljLVK

Has anyone done a Surstroming challenge.. ? My boss trying to get some of the crews to do one..