Member Info for hardup

I benefitted for 12 years whilst paying a mortgage from MIRAS and the Married Mans tax allowance until they were both abolished by Gordon Brown in 2000. I then had 13 years paying the mortgage interest without those allowances. But I would have been far better of if mortgage rates had been zero rather than paying the interest net of tax relief allowances.

"There was no law that would enable the Indyref2 to go ahead and there was a law preventing it."
So why the feck did the SNP waste everyone's time and no doubt millions of pounds in legal fee's by taking this to the Supreme Court for a ruling! Nicola Sturgeon will be cranking up the propaganda machine now saying Scotland has been denied this by Westminster and will now put this in the SNP manifesto for the next Scottish Parliamentary election due in May 2026.

"Mortgage tax relief stopped by Tory Chancellor Lawson for all those who say that we did it on our own with no help from anyone"
That is not correct. MIRAS was capped at the first £30,000 of mortgage. Married couples could each claim this effectively giving relief up to £60,000 of mortgage for married couples. Nigel Lawson stopped the pooling of allowances for married couples so the maximum they could get relief on was £30,000. It was Labour who abolished MIRAS outright in April 2000 by Labour chancellor Gordon Brown, who argued it had become a middle class perk. Ah yes, I remember, the very same Gordon Brown who introduced a £5 billion a year raid on pensions schemes by the removal of advance corporation tax relief on dividends for pension schemes in 1997, and sold of the nations gold reserves at a bargain basement discount price between 1999 and 2002.

The Bolsheviks are coming out of the closet tonight! lol

seany
I do share your sentiments.

88
500 to 1
https://www.dailymail.co.uk/sport/football/article-11456997/Saudi-Arabia-HUGE-500-1-beat-Argentina-Lionel-Messis-opener.html

88
I doubt Messi is past his prime. I wonder what the bookies odds on that was?

Chasing Yields
Yield isn’t everything of course and companies not on the list are all known as solid income stocks. But at a time when inflation is at 11.1% and investors are relying on dividends as income to pay daily expenses, the gulf between yields and CPI remains wide.

Investors can get higher yields from FTSE 100 names if they stray from our list into no-moat names. Housebuilder Persimmon (PSN) is the outlier with a yield of 18%, but this comes after a 55% fall in the share price this year – whether this factors in the worst-case scenario for the UK housing market is discussed in this recent article. The company is to end its generous capital return programme that it launched in 2012 in the wake of the financial crisis – and replacing it with a more “prudent” policy that investors received as an alarm bell for coming cuts to the payout.

Another close-to-10% yielder is fellow housebuilder Barratt Developments (BDEV) and miner Rio Tinto (RIO).

Should investors chase yields to compete with inflation? Past history, including the 2020 cull of dividends, suggests not.

AJ Bell investment director Russ Mould said: “The record of FTSE 100 firms that on paper were due to offer a double-digit percentage dividend yield is particularly bad when it actually comes to handing over the cash.”

https://www.morningstar.co.uk/uk/news/111721/top-ftse-100-dividend-paying-stocks.aspx?

mugged 2 - 1 by Saudi Arabia! lol

67Sam
"That said, last week I wondered if the SP would flop towards 40p after the budget - it went to 45p."
I think it probably would have dropped to around that level if there had been a windfall tax imposed on the Banking sector at the budget. Now that elephant is out of the room would like to see an increase in level back to 49p where it was before rumours were circulated that Banks would be hit with a windfall tax.

SUFC
Nice little Santa rally to get the ball rolling hopefully.

lti
"we already know their returns policy, so unless they make a sizeable acquisition or the share price has gone up substantially by Feb then there will be another return by way of a buyback."
Counting your chickens before they hatch..........just saying.

Gas bills are currently lower than what they should be because of the government.

Gary59
How has Brexit affected gas bills? Current high gas prices are down to Russia invasion of Ukraine.

"Lets guess how much the buy back will be when announces in February 23
Only about 90 day
Sorry cant be bothered to work it out exactly
But i do think there will be one £3.5B is my guess"

VB playing the devils advocate with that one! lol!

lti
"but I would prefer an attractive price for the duration of the 2023 share investment programme buyback."
What 2023 share investment programme buyback are you referring to? Lloyds have not announced there will be a share buyback in 2023. We will not know how Lloyds will return surplus cash to investors until the 2022 Full Year results are announced on 22nd February next year.

“ Nasa expects humans to live on Moon this decade”
Some of the posters on the Lloyds BB are wired to the moon!

seany
Interim dividend was 0.8p so I am expecting final dividend will be 1.6p based on interim 1/3 and final 2/3 of full year dividend. Difficult to try and give an opinion for SP in current climate. Full year results in February should give an idea for expectations for 2022/2023.

Is now a good time to go into commodities with a global slowdown/recession looming?

I think you are gagging to get to spoons for a libation or two!