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European Union banks’ branches in London should see no major change in how they are supervised following Britain’s formal departure from the bloc last month, the Bank of England’s supervisory arm said on Monday.

Britain is keen to maintain the City of London’s attractiveness as a global financial centre after full access to the EU, hitherto its biggest customer, ended last month.

https://www.reuters.com/article/us-britain-eu-banks/business-as-usual-for-eu-banks-in-open-london-says-bank-of-england-idUSKBN29G196

Scottish Private Sector sees improved
manufacturing growth as challenging 2020
draws to a close
• Business Activity Index posts 47.3 to signal moderate decline in output
• Further, but slower, reduction in inflows of new work
• Optimism highest since February following vaccine roll out
The Scottish private sector remained in a downturn during the final month of 2020,
according to the latest Royal Bank of Scotland PMI®, with further drop in services
activity outweighing a strong improvement in manufacturing growth. The seasonally
adjusted headline Royal Bank of Scotland Business Activity Index - a measure of
combined manufacturing and service sector output - posted 47.3 in December,
unchanged from November's reading, and signalled a further moderate contraction
in private sector output as ongoing lockdown measures continued to stifle client
demand.
Nonetheless, firms held an optimistic outlook for activity during 2021, with
sentiment hitting a ten-month high. Panellists linked confidence to hopes of a timely
end to the pandemic amid vaccine rollouts, and a swift economic recovery.
December data signalled a further fall in inflows of new work to Scottish private
sector firms, extending the current sequence of reduction to four months. According
to respondents, lockdown measures had continued to stifle client demand. The rate
of decline was the joint-slowest in the aforementioned sequence, but still solid
overall.

At 51.4, the headline North West Business Activity Index – a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – was above the 50.0 no-change mark for the sixth successive month and up slightly from 50.7 in November.

The latest reading was also slightly higher than that recorded for the UK as a whole – equivalent index at 50.4 – though it was still indicative of only a modest rate of growth overall and well below the highs seen last Summer.

There was a slight setback to inflows of new work across the North West private sector in December, as highlighted by the respective seasonally adjusted index dropping just below the neutral 50.0 threshold for the first time in six months.

The slight decline in new business, which panellists partly linked to COVID-19-related closures and uncertainty, matched the result for the UK as a whole.

BaffledbyZIRP

" after WW1 in Germany. It took several years and much encouragement "

This isn't German its the UK economy looking back in history the years comparable or higher growth were 1915 (8.0%); 1927 (8.1%); 1940 (10.0%) and 1941(9.1%). Three of these were in the exceptional conditions of wartime, the other registered the recovery from 1926’s General Strike. Growth at this pace will probably prove inflationary

Lloyds S/P 80p in 2021

"No chance on both scores. At best be at pre Covid level around 1%"

Spending in the UK after lockdown will be massive boosted by the £200 billion of savings built up during the pandemic could lead to growth around 8% in 2021

A.Cooldude

""Monday and hold or wait?""

Yes buy Monday and hold

The Centre for Economics and Business Research estimates

2021 could be the year of travel. Many of those denied holidays in 2020 and missing out on their skiing and winter breaks at the beginning of 2021 will be desperate to travel, while others will want to visit their loved ones. It seems likely that the best destinations, flights and hotels will be booked out by the second half of the year.
And prices will rise, partly because costly social distancing precautions are likely to persist and partly because those facing unprecedented demand will be seeking to rebuild profits to offset the losses made over the previous 18 months. Tourism is normally 10% of world GDP so this recovery will provide a welcome boost to the world economy.

The Centre for Economics and Business Research estimates that the UK economy will grow eight per cent this year

Lloyds being a bellwether for uk economy

Lloyds S/P 80p in 2021

DYOR !!!!

David Madden of CMC Markets thinks 2021 will be good for the mining industry as sales to mineral-hungry China return and prices for minerals like iron ore remain high

Lloyds being a bellwether for uk economy

UK data out Friday

short-term indicators include the release of monthly GDP industrial and manufacturing production, expecting the steepest monthly decline in output since the sharp global fall in April, This is likely to be followed by more bad news in coming months as December January and probably February will show the effect of stricter lockdowns

Lloyds and halifax are participating in the current scheme to enabled the release of over £745 million from dormant accounts that have been inactive for at least 15 years

https://www.gov.uk/government/news/uk-government-announces-major-boost-to-coronavirus-recovery-through-expansion-of-dormant-assets-scheme

British Airways has announced Tom Kerridge as its new partner for short haul economy food.
The airline had previously announced the end of its relationship with Marks and Spencer for buy on board

80p in 2021
DYOR

British Airways set to pay out 'up to £2.4billion' to 500,000 data breach victims

https://www.mirror.co.uk/money/british-airways-set-pay-out-23270773

The boss of Britain’s biggest airport Heathrow said that new rules requiring people arriving in England to present a negative COVID-19 test result must only be temporary and the government must plan for how to end it.

“We’ll see flights starting to come back and passenger numbers building up through the summer and then into the autumn,”

https://www.reuters.com/article/ukDomestic/idUSKBN29D0T3?il=0

The latest KPMG and REC, UK Report on Jobs survey signalled a renewed rise in permanent placements at the end of 2020, as increased market activity and vaccine news led some firms to press on with hiring plans. At the same time, temp billings rose at the sharpest pace for over two years, as companies often opted for short-term staff due to lingering uncertainty
around the coronavirus disease 2019 (COVID-19)
pandemic and Brexit.Demand for staff also increased in December, though temporary vacancies rose at a much steeper rate than that seen for permanent workers. At the same time,
both permanent pay and temp wages rose for the first time since March, albeit at mild rates. The availability of workers meanwhile expanded at a softer, but still sharp, rate at the end of 2020. Recruiters frequently mentioned that staff supply rose due to redundancies and worries over current job security. The report is compiled by IHS Markit from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.

British house prices rose 6.0% in December, the slowest annual rate in four months, and there is likely to be more downward pressure later in 2021 after a surge last year, mortgage lender Halifax said on Friday.

House prices were 6% higher in December than a year previously, Halifax said, following a 7.6% rise in November that was the largest in four-and-a-half years.

Iron ore at a year's high 166.76

Banking stocks led the FTSE 100 lower on Thursday as investors booked profits after gains of nearly 6% in the past three sessions, although hopes of a bigger U.S. stimulus package under a Democrat administration helped limit losses.

https://uk.reuters.com/article/UKNews1/idUKKBN29C0XK

The headline seasonally adjusted IHS Markit/CIPS
UK Construction Total Activity Index posted 54.6 in
December, little-changed from 54.7 in November and above the crucial 50.0 no-change threshold for the seventh consecutive month.