Member Info for jotom750

LOL! You won, get over it!

OK, let's see from the truth. NI do not see any problems at all presently with the deal as agreed, they in effect have felt no results to brexit and they have said as much. Downing street is simply using them, as they did initially for a certain type of deal, and as they used the fishermen as a front to try to get sympathy and support from the less well informed public. Second, it's simply a matter of a contract, one normally would understand the contract before signing it. This seems not to have been done in the case of the UK and the Brexit agreement. And before anyone says that it's unworkable, it has not actually been enacted as signed agreed yet by the UK, so how can it be said unworkable, unless that is, there was never any intention to honour it in the first place? The EU, are pragmatic about the whole thing, remember their exports to the UK have dropped by 20% or so, whilst our exports to them are down 84%. They are supporting their member RoI who have asked for "Flexibility" in this, as other countries are giving the UK flexibility in other areas. (If you don't believe this just wait till they become sticklers to all the terms!).
It is clear now that most did not understand what the vote actually entailed (if you or your mates understand it, please explain it to Frosty and to Johnson as they have said they did not understand the deal). Leaving is I understand a great opportunity, I'm just waiting for that to become apparent. You can shout the leave voters slogan all you like, it does not clear up the mess. I and many others are waiting for that to start.

"it's total value is I think 1.8 Trillion Dollars."
Correction, 'only' 1.2 Trillion Dollars passed in the end.

Lokiloo. Very true, for obvious reasons it seems now.

Long time investor. Tell that to your bank, building society or anybody else once past a cooling off period. Was it not an
"Oven ready deal" was it not so much better than Teresa Mays deal? Now either we can say that those statements were lies, or that they were ignorant as to what they were signing. Either way, it's not a good look, is it? What does that say for the rest of the brexit idea if the wheels are falling off and we have not even implemented the agreement yet? These things are not political bias, subjective ramblings or gripes, they are simple objective facts.

Is it not the UK that has reneged on the agreement up to now? Not that it surprises me as both Frost and Johnson have said that they did not realise what they had agreed to.

MVarawa, forgive me as this is not really an American political message board, but as you and others have started this I don't feel it's out of place. Trump as you may or may not know, gave perpetual tax cuts to the rich that will amount to
2 Trillion Dollars over the first eight years but then continue (unless voted out) to run on forever. The tax cuts he gave to the working classes will dissolve in only another 3.5 years but are also of much lower value. The bill Biden just passed is I think largely used for infrastructure (roads bridges 5G etc) it's total value is I think 1.8 Trillion Dollars.

Interesting you would say that. Is it the large number of jobs created in the last quarter that's a problem? Or is it the Covid death rate dropping so much? I suppose we can wait to see if he tries to overthrow the next government if he looses and then decide.

I can't see rates going up next month, politically it's not the best look. Making your voters poorer on the run up to Christmas...

Hi. One things for sure, shares have a higher potential gain than most if not all other practical potential investments. Holding shares or higher risk/reward investments in an ISA (£20K input limit per year) allows all of ones gains to be tax free. Taking NWG over the last year as an example, a £20K ISA holding (the max ISA allowable yearly subscription every year) in NWG one would have gained about £20K, so personal tax allowance being £12700 one would have to pay tax on £7300 if withdrawn in the same tax year, all other things being equal (please check on this, this is also assuming it's the total account value). At a rate of 20% that's about £1460 TAX to be paid. By holding these in a Stocks and Shares ISA, no tax is paid at all ever on this gain. If acting over a number of years, (for instance saving for retirement purposes) tax savings can be very substantial as all the proceeds can be drawn down at one time. Please DYOR, I am NOT a financial adviser. Good luck to all.

Costs and fees are changing all the time, I would suggest you DYOR . Security of account is, to me at least, more important than ultimate lowest cost. Sorry I can't be more helpful.

So, it's around a 10% drop (at 8:07 AM) from the high's of a few weeks ago, seems a bit overdone to me. I would expect some buying during the day. Fingers crossed. Good luck to all.

He's a politician after all, whatever we may be told. If only I had taken my own advice! :(

A few points.
DLG was sold as a requirement of the E.U not as part of the bailout as far as I am aware, as we are no longer part of the E.U that may have changed the situation going forward.
NWG is a retail bank, that is now their main focus, for good or bad. It seems to me that this is a factor as to why they are so dependent on base interest rates. BARC has a powerful commercial banking side, this (when not in covid recession) makes a lot of money. LLOY is said to be moving into house ownership and lettings. These "non retail banking" moves seems to be to try to gain extra income. This could possibly be a reason for the building of a NWG war chest, (but so could share buybacks etc). Retail banking is a highly competitive space at the moment, new entrants with lower fixed costs are taking bites out of the established banks margins. NWG will evolve, they have a good team. It will be interesting to see the next move. At these levels though, because of the very safe basis of the company, I see it as a good bet.
Please DYOR.
Good luck to all.

Whilst it could be easy to view an eventual rate rise of 1% to 1.5% over the next 12 to 18 months as paltry it may be for some a rise on mortgage payments of 30% to 50% . Many people young and old for various reasons are living close to the wind, run away house prices being one of them. It seems odd to think that 4% may be a high mortgage rate when my first mortgage rate was 12% but I suppose it's the proportion of income and amount borrowed that matters. It seems that in the U.K our feelings of wealth and thus happiness are very closely tied to the value of our house. This is also a vehicle for economic growth via stamp duty and if nothing else the VAT charged on new kitchen purchases!

Hi Mike.
Yes, a small rate rise will maintain an attitude of seriousness toward him from his piers, which will help build confidence. My only question then is how much pressure could be applied politically? To say It will be good to have a rate rise is I feel is sum what self serving :) so I'm not going to wish too hard! NWG has been one of my staples, (as had Barc and LLOY) though at one point I was well under water, now happily with a few purchases around the 100p to 120p level, all that is well behind. To me, this is a good ISA stock. I see that there was an upgrade today, and whilst we are bobbling around a bit now, but as the song goes, "The only way is up !" Good luck to all.

"Founded in Croydon by Martin Long and Peter Wood with £20 million from the Royal Bank of Scotland".
"The company grew by advertising in the national press, television and marketing to RBS customers."
"Direct Line was bought by RBS Insurance, a subsidiary of RBS Group, in June 2003.[4] Royal Bank of Scotland was forced to sell Direct Line as a result of European regulations that prevent companies from receiving state aid.
Direct Line floated on the London Stock Market in October 2012."
From Wikipedia

Hi Mike. Thanks for the insight and welcome to the group. Having quite a sizable position now, (sold my Barclays holding on Friday and topped up on more NWG the same day completely by luck), I hope that you are correct. Absolutely see that it's possible, to me though it's on a knife edge and that the inflation rise was seen as temporary, maybe the pound sinking a bit is a red herring also. It's mooted only to be 15 basis points (a very small amount) so it may as you say, be a fait accompli. Best of luck to all.

I'm starting to think that rates may be left as they are, the pound is drifting down from it's blip up last week, and we seem to be in a holding pattern waiting for the next bit of good news after a slightly disappointing (for some it seems) quarterly . If one looks at combined indices, compared to the Dow and the Dax, the FTSE is 25% or so behind in it's recovery from pre covid levels, so there may be some bargain hunting to come internationally I suppose. The articles I've read tend to either be on the fence or suggesting a stay of interest rates for now. Governments of all types don't like people feeling poorer near Christmas either I would imagine. Good luck to all.

Surly a person under any form of scrutiny is the last person within the organisation who should be able to have any influence on that process at all. How that is enacted is a difficult question, but as with remuneration committees they should be kept ver much at arms length. (Unfortunately they aren't always!).