Member Info for Nuwanda

Bloomers, my comments are agnostic of party politics. Here is an extract from Chancellor George Osborne's emergency budget in June 2010, at the start of a new Goverment (it could have been of any colour):-

"Mr Deputy Speaker, I do not disguise from this House that the combined impact of the tax and benefit changes we make today are tough for people.

That is unavoidable given the scale of the debts our country faces, and the catastrophe that would ensue if we failed to deal with them. My priority in putting together this Budget has been to make sure that the measures are fair.

That all sections of society contribute, but that the richest pay more than the poorest. Not just in terms of cash, but as a proportion of income as well. That is far from straightforward when the deficit is this high and when the burden of reduction must rightly fall on government spending. Too often when countries undertake major consolidations of this kind, it is the poorest – those who had least to do with the cause of the economic misfortunes – who are hit hardest. Perhaps that has been a mistake that our country has made in the past."

In 2010/11 total public sector net debt was £1.17 Trillion. It spite of the above it NEVER reduced. By 2019/20 it was £1.82 Trillion. 2024/25 it is £2.81 Trillion

It’s a marathon, not a sprint. 🏃‍♂️

No matter the political party in power, there’s a well-worn formula: get the unpopular decisions out of the way early in the term, banking on the public’s short memory. By the time the next election rolls around, good news stories and tax cuts are rolled out like confetti; and often, it works. Or, as is just as common, people simply decide it’s time for a change, regardless of performance.

What concerns me most, and I say this from a politically agnostic perspective, is how truth has become the biggest casualty in all of this.

With so many of us now deeply embedded in social media, we’ve unwittingly become both prisoners and guards of our own echo chambers. The psychology behind it is astonishing and a little frightening.

We're consuming more content than ever, but are we genuinely thinking more clearly?

Differant circumstances, but still vehicle related (but with HMRC as the ultimate loser). There is history of the higher court overturning the ruling of the lower court. It will be interesting to see where this crytalises.

https://www.fleetnews.co.uk/news/hmrc-guidance-following-court-loss-labelled-incorrect-and-misleading

As well as JLR and the luxuary brands, Nissan, Toyota, Mini and Vauxhall all make vehicles in the UK

And as for money making activities that go unregulated, check out the profits made on 'Credit Hire' and 'Credit Repair'. The MOJ need to sort that (along with Whislash injuries that have now transitiond to PTSD). All avoidably pushing up insurance premiums. Though, no doubt, Looyds will be using those 'services' to prop up their own profits

Just like LLOY, the economy and Govenment spending/investment (whichever colour is in power) should be treated like a marathon and not a sprint. Keeping to that analogy, there is too much focus on being in the lead. Being in the lead is easy but, finishing the race first requires game, and pace, management.

Assuming they did tax cash ISA's and leave Stocks & Shares ISA's exempt, I'm curious how they will treat cash sitting in a stocks & shares ISA?

Sometimes I'm waiting for a re-entry point or alternative share to invest in, and sometimes I just keep the cash (earning nominal tax free interest) as it's an 'easy' home/tax shelter for it.

Not having to pay dividends on billions of net share cancellations from previous years is also a nice little bonus.

One way to look at PPI was that the Govt bailed out the Banks and then the Banks slowly paid out tax free cash, in the form of PPI, to put money into consumers pockets, and was a Banking Sector only problem.

These latest potental claims have a different economic dynamic as they would advesrly impact the automotive sector at a time when it is already fragile as a result of ongoing geopolitic forces.

Time will tell, as always.

Thanks for organising - May I run again at 72p. (If that's gone, 1p down until a free slot). Thank you.

Check out the "Universe 25 Experiment" from the late 60's. Whilst it used rats and then mice, it provides some (open to interpretation) insight into a life of abundance other than space (land/accomodation).

HU - Thank you for doing his. It really is appreciated. Just thought you should know, beyond a "recommend" uptick. Best, Nu

The Office for Budget Responsibility (OBR) and the Institute for Fiscal Studies (IFS), both agree that the Conservatives did not provide full disclosure on the state of the nations finances. Bit of a torched earth stratergy.

Some good news is Labour have cancelled the sale of the nations share in NatWest as it felt that the Conservatives were proposing to sell it toocheaply. Good news for Lloyds as is shows confidence that banks are undervalued.

The FTSE 100 is up, so all boats rise on a rising tide - that said, IMHO, LLOY is marginally undervalued and the 15% dividend increase (and overall yeild) will have appeal for institutional investors who are the main players for LBG.

A profit is a profit - so fair play them. They deserve their congratulations.

It bacame quite besotted by 50p, once it had grabbed it's attention. Seems to be playing it a little cooler with 60p - a period of flirtation, playing hard to get, before it falls into it's arms.

Still trading under NAV, so they are buying back shares at a discount to the true value of the asset.

SUFCESSEX - always good to leave some profit for others. I too sold a portion and around that price and am happy.

I have also sold the balance of my holding, and bought back in on the ride, but each time it's pure gut feel. I hate day trading, but if there's a penny dip; that's a few grand made buying back in...... Not sure I will sell though.

Banks, including HSBC, Nationwide, Barclays and Virgin Money were all affected by payment issues yesterday, with news breaking around the time of the drop. Maybe there was fear of a bigger 'hack' of the Banks, including LLOY, so people offloaded stock? It's never going to be a striaght line up (or down). But at least there was an event that may account for the reaction.

Banking system down, and the drop corrolates with that news breaking. It's a case of "Don't panic Captain Mainwaring"

I was very fortunate to sell and buy back in (I think I enjoy the pain!) with a modest profit that has helped fund daughters London Uni accomodation (it was meant as a treat for me! - lol).

At least it redued my average :)