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As part of the Group’s commitment to lend £18bn this year, a £2bn fund was allocated for businesses impacted by COVID-19

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-banking-group/lloyds-banking-group-provides-support-to-30000-uk-businesses-impacted-by-covid-19/

Tangler Good find

Antonio / Lloyds are doing a good job supporting the country in extraordinary time Lloyds and BOE are part of the solution helping Britain prosper

UK April flash composite PMI 12.3 vs 29

Euro April flash composite PMI 13.5 vs 25.7

French April flash composite PMI 11.2 vs 28.9

Germany April flash composite PMI 17.1 vs 31.0

Onlyif

Lloyds suspended the divi payment to support the country in an extraordinary times most companies out there are in survival mode the banks are supporting these companies and hopefully in time lloyds will be rewarded for this

“Given the extraordinary challenges UK businesses are
in the middle of combating, it comes as no surprise to
see a reduction in marketing budgets in the first quarter.
Firms are in survival mode, reallocating funds to service
liabilities and keep the business alive. This is critical to
ensure that they can keep staff on the payroll, which will
give their businesses the best chance to recover when
the time comes. It will also support the economy on a
broader scale if people remain employed and are
earning, as they will be in the position to go out and
spend when the lockdown is over. Positively, it seems
that a number of firms expect a quick economic recovery
and are planning to boost marketing budgets later in the
year.”

IPA Bellwether: marketing budgets decimated by Covid-19, but optimism still strong

Optimism forecast

Looking ahead, however, a net balance of +16.2% of firms anticipate higher spending allocations over the next 12 months, signalling a strong level of optimism and suggesting that many companies plan to grow their businesses.
https://mediatel.co.uk/news/2020/04/22/ipa-bellwether-marketing-budgets-decimated-by-covid-19-but-optimism-still-strong/

Investors should look to banks for coronavirus bounce-back, says UBS

Lloyds Banking Group PLC (LON:LLOY) remains the analysts’ top ‘buy’ among the UK’s big banks, though its target practice was cut to 50p from 62p
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/917730

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Oxo42

"Lloyds Bank & HMRC"

How's this going to pan out for the banks back in 2008 the banks were the problem with the last recession, now in two years time if the country's back up and running again the banks have been supporting the country helping it get through this crisis , will this favor Lloyds shareholders

£10,000 of your hard-earned cash invested in Lloyds five years ago would give you around 12,698 shares. Today, those same shares would be worth £3,810. Not including dividends, you’d be sitting on a £6,000 loss.

https://www.fool.co.uk/investing/2020/04/21/is-the-lloyds-share-price-a-huge-ftse-100-bargain-at-30p/

UK government borrowing could hit £300bn this year as tax receipts collapse and the Treasury pumps money into the economy to tackle the fallout from coronavirus, according to a new report.

The £300bn figure, produced today by the Centre for Policy Studies (CPS) think tank, would be by far the biggest budget deficit since World War II and is even higher than an estimate made last week by the Office for Budget Responsibility

We're just unlucky with the corona virus coming when it did the country was starting to turn a profit , now I see this 30p range for at least another year

The national grid is planning to switch of wind farms as the corona virus leaves Britain's network overwhelmed with to much electricity

The headline Household Finance Index - which also includes households’ assessment of their general financial situation and job security - plummeted to 34.9 in April from 42.5 in March. This was the lowest reading since November 2011, and the biggest single-month fall since the survey began in 2009.

https://uk.reuters.com/article/uk-health-coronavirus-britain-economy/coronavirus-hits-a-third-of-uk-families-incomes-ihs-markit-idUKKBN2220WZ

A Bank of England deputy governor has said the economy could shrink by 35 per cent in the second quarter if the coronavirus lockdown lasts three months, saying the scenario produced last week by the UK’s budget watchdog was “not unrealistic”.
The Office for Budget Responsibility (OBR) last week said the UK economy could contract by 35 per cent in the April to June period and 2m people could lose their jobs.

A staggering 545 chartered planes entered the UK since lockdown began on March 23, helped by the country's open border policy.
Among them were 25 aircraft from Covid-stricken Spain, 15 from the US - the world's worst-affected nation - 27 came from France and 32 from Germany.
https://www.dailymail.co.uk/news/article-8233875/How-private-jets-flying-hundreds-passengers-coronavirus-hotspots-UK.html

The testicles may harbour coronavirus and give it a sanctuary from the immune system which allows the infection to persist for longer in males, a study has suggested.
When Covid-19 enters the body it binds with cells expressing the ACE2 protein, or angiotensin converting enzyme 2.
These are found in the lungs, heart and intestines. In men the protein is also found in large quantities in the testes whereas, in women, very small amounts are found in ovarian tissue.
Coronavirus is more likely to severely affect men than women. In the UK alone men are dying from the disease at twice the rate of women

A delivery of desperately needed personal protection equipment for frontline NHS staff is arriving in the UK, as the government faces growing criticism over shortages and its handling of the coronavirus crisis.

Amid claims that the lives of doctors, nurses and patients are at risk from coronavirus because some supplies are running out this weekend, 84 tonnes of PPE - including 400,000 surgical gowns - are arriving from Turkey.