Member Info for Muchaboutmoney

Epro, you seem incapable of grasping what is a very simple point so let me try and explain it to you again for one last time before I finally resign myself to giving up on you as clearly everyone else on the board has done.

My point is that NHS staff take millions of sickies at our expense.

‘Support to ambulance staff reported the highest sickness absence rate in January 2022 at 11.3%. With Ambulance staff reporting the second highest sickness absence rate in January 2022 at 9.5%. Support to doctors, nurses & midwives had the third highest rate at 9.1%.

Consultants reported the lowest rate at 2.2% in January 2022’.

Rest assured I hear your point regarding January, however rather strangely, NHS Consultants appear to be affected and to be immune to the illnesses effecting those around them. Therefore and in order to make it as simple as possible I’ll give you 2 possible outcomes to choose from.

Statement 1: ambulance support staff with an 11.3% absentee rate have inferior immune systems when compared with consultants who were off just 2.2% during the same period.

Statement 2: Ambulance support staff saw a wonderful opportunity to take advantage of their generous sick pay and conditions so threw numerous sickies during the month of January

So is the answer 1 or 2? Simple question, simple answer …..

Apologies RogerA.

I won’t engage him further.

Regards Much

Anyone else enjoying the undisputed facts requested of me by Epro?

Forgive me but these are so telling I just had to post them twice…??

https://digital.nhs.uk/data-and-information/publications/statistical/nhs-sickness-absence-rates/january-2022-provisional-statistics

Here you go Epro. I know your sort don’t like democracy but let’s agree to let the people decide …

https://digital.nhs.uk/data-and-information/publications/statistical/nhs-sickness-absence-rates/january-2022-provisional-statistics

Shocking and in my opinion unacceptable rates of absenteeism when compared with other industries.

Epro,

The facts speak for themselves . You can make all the excuses you want for your wonderful failing all you can eat buffet, however like it or not, an NHS employee is 4% less likely to turn up to work than those of us in the rest of working wealth creating society. It’s an absolutely shambles and I for one would opt out and keep the £4.5k that I contribute towards it according to HMRC and happily make my own provision albeit I already do.

The friend to whom I refer is an experienced anaesthetist in her fifties who works in the NHS and and private sector. She describes the appalling lack of commitment (sorry can’t help as off on my break) and a refusal to work even a minute past their shifts along with the appalling sickness rates that the ‘lazy overweight nurses’ seem to think is part of the package.

I know it’s not what you wanted to hear but I’m just quoting her and she is very left of centre whilst recognising that the NHS is broken and needs fixing.

Out of interest, if I arrange for HMRC to send you the firms, would you be happy to contribute some more of your earnings to help the cause and provide more money for NHS pay or we’re you looking for others to pay?

Oh and sticks and stone fella.. no need to get abusive when people state the shocking truths around what is really happening.

Epro,

Sick rates in the NHS last year were 6.7% v 2.2% in the wider economy. That’s 300% higher.

Given there are 1m people working for the NHS across a normal working year of 260 days, that suggests 260m working days a year across the organisation.

4.5% additional absence v or normal 2.2% suggests 11.7m days in the NHS are lost to sickies. You’re ok with that are you?

And my 20% figure is what an anaesthetist I know says they have to factor into their operational shifts as you simply don’t know who is going to turn up and none of them will put in extra time. They take all their breaks and are gone the minute their shift ends.

Firstly Lloyds has a £310bn mortgage book and as those fixed rate mortgages roll off they are going to jump from 2% ish to 5ish. It’s going to drive income up by billions.

However here’s the really interesting one which I have copied from Yahoo. Lloyds, like other banks, earns interest on the money it leaves with the central bank. As of June 30, Lloyds had £145.9bn of eligible assets with £78.3bn held as central bank reserves.

Calculations suggest that every time the base rate is increased by 25 basis points, Lloyds could add close to £200m in treasury income solely from holdings with the BoE. It’s worth remembering that the base rate has increased by 275 points already this year. There could be another 100 still to come.

If that’s the case then we are going to see a few more billion of income from the central Bank deposits too.

I get that we may see an increase in provisions but the income is going to offset this three fold.

Buy.

Thank you ‘hard up’.

There comes a point in time when people simply need to be told how it really is.

The material lifestyle that most Britains enjoy is way above their economic output, and has been funded by both personal and state debt supported by the endless appreciation of property values.

Problem is like the cartoon character who runs off tue clip and continues on his way, there is a point when reality cuts in and he falls to his doom.

That same thing has happened in the UK. Time for a reality check.

Love Lloyds as a 2023 potential top performing stock on the back of higher interest rates.

And for the record the NHS is simply the biggest ‘all you can eat buffet’ in the world with more pension millionaires per thousand staff than any nither organisation in the UK.

A useless waste of money designed to fill the pockets app of it’s employees and based on the size of most of the staff, their bellies.

No wonder 20% of them are off sick most of the time.

Came onto here to talk about Lloyds but it seems that it has somehow been inadvertently linked to a Board designed for disillusioned socialist moaners to peddle their politics of envy.

My experience is that these sorts tend to air their constant rants in order to justify their failures in life and ineptitude (a need to sponge of others in order to get by).

I’ve dropped a note to LSE in the hope they can repair the link and eject the lowlife cretins that appear to inhabit this board designed for conversations about Lloyds Banking Group. Fingers crossed..

Exactly Livestock .. suggest the market will start to finally realise and re-rate once we have the year end results in February.

80p plus by this time next year.

So fare it has completely discounted the impact of higher interest rates in earnings and simply focused on potential increases in bad debts which don't appear to be happening.

Not withstanding the ISDS process includes a sunset clause allowing countries to be sued for up to 20 years after withdrawing from the treaty which would remain unchanged.

Finally broken and closed above the magic 46.2 p. Opens the way to 48.8p and then onto 59.7p into the Feb results.

Then hopefully a re rating into the 70s.

For once a spot on piece of coverage and recommendation on the Motley Fool website today.

Sums up exactly why I am invested here. 2023 is going to be a very profitable year…. https://www.fool.co.uk/2022/11/20/1-multi-billion-pound-reason-to-buy-lloyds-shares/

After the latest pillaging of North Sea oil producers by the thieving politicians, Harbour must be sorely regretting the day they ditched Sealion.

With all that spare cash sloshing around they could have had Sealion up and running in 3 years in a safe and low tax province.

Instead they’re giving their money to the politicians to fritter away on vanity projects and subsiding the economically inactive so they can sit on their ****s and have their heating bills paid for.

Wouldn’t be surprised to see them try and farm back in given the situation.

Why on earth did they walk away from Sealion?

They could be developing for cash now …… enough there to turn us into a major and the cheapest taxes around.

Idiots.

Why in earth did we let Sealion go?

One of the lowest taxed developments in the world and the potential to realise billions of barrels of oil in follow on fields.

Instead we’re buying back our shares. Madness.

Break this and we should head straight to 49p.

Chart looking very bullish.

Lloyds have been very conservative with their lending and loan to value ratios so even if they re-possess they'll recover most of their money.

Given their rental property business, perhaps they will simply take the properties onto their books themselves and shift them into the rental unit?

Couldn't agree more Sufcessex ...... what we are about to see is the reason why they went ahead with the merger but few can see what is about to happen here.

People have valued banks on the bases of 0.1% interest rates since and written them off. An alternative future is about to be set before them and its going to be one of extraordinarily profitable times for Lloyds.

Yes there will be a need to put aside some extra provisions but against the step change in income it will pale into insignificance.

Exciting times ahead.