RE: Brexit4 Dec 2020 17:18
Banks will suffer headwinds in 2021
They have lent Billions to businesses as part of government backed loans, and are yet to start receiving repayments for another 6 months
A large portion of those loans will have gone to bad businesses, and somehow I don’t see the gov playing ball when the banks wave their guarantees asking for them to cover it
The gov will make sure they milk the fact they bailed banks in 2008. It wouldn’t be pretty reading to see how much they lose to these loan schemes in fraud
I don’t see the SP passing 200+ for a couple of years, but as always a solid buy in the very long term