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Any thoughts on impact on share price as TW goes from FTSE 100 to FTSE 250 next week?

BoE doesn’t understand its job. IMO should never have cut rates at the last meeting as it has lost control of inflation

Scottish and Welsh house prices are cheaper, but then again, salaries are generally lower in those areas as well, so multiple quandary still holds up. Higher rates of stamp duty now as well, compared to historic levels, so cost of purchase is higher

Bank rates as a comparison for housing arent really comparable going back to the 70s/pre 2008 (ish) as house prices have massively increased and wages havent kept up with loan to value multiples, so current values / ratio comparisons are completely out of context. Circa 2.5-3.5 multiples previously, but higher interest rates, lower interest rates now but mortgage lending multiples approaching x6 for some high rate schemes, plus now most mortgages are done with a second income rather than, historically a single income mortgage

On NAV, Taylor wimpey is a screaming buy compared to PSN

Problem now though (regardless of total tax rate for oil companies), is companies making a loss, will set that loss off and be due a refund from HMRC/ prior years profits/ CTax payments etc…. Not just the oil companies either. So as taxes rise, costs increases, CTax. will drop, less funds for Gov to spaff. Inflation likely to head north again.

Protests today calling for another hike in Banking tax. Doom loop pending?

Be lucky with one cut before the end of the year. Que more tax rises in budget and inflation set to take off again so BoE in a rock and hard place. No growth, inflation heading up in due course

Sat on the sidelines here at the moment. Recent rise could be down to less likely hood of interest rate cuts due to less severe jobs data coming out than expected, keeping rates higher for longer. My best guess, one cut for the rest of the year unless jobs market tanks “a lot” more.

Court result too risky for me at the moment. I’m more interested in house builder results next three weeks as a bellwether for wider economy. Rates announcement will impact both share categories, so it’ll be interesting to see which way it goes. Construction jobs dropping (and on the grapevine some big sites on hold for major builders as demand falling off a cliff in fwd sales). Interesting time! DYOR

Just look at the bond market to understand why the shares are tanking today. Markets lost faith in the Govt for fiscal responsibility and ability to deliver on investment pledges.

Thinking the same. Media talk of EU response by mid week (likely still disagreement on response from nations, and to avoid a bigger fall in market). Only feasible explanation a Trump looks like he is willing to crash the economy so he can refinance US debt at a lower level. How long before Fed chair goes?

Big question is whether they book another tranche of cash for finance debacle. I’ll go first at £500million. Any other guestimates?

Tomorrow will be interesting

https://www.theguardian.com/business/2025/feb/17/supreme-court-judges-reject-reeves-motor-finance-intervention

RogerA, base rate cuts bad for the banks NIM but good for borrowers eg less likely to default. I don’t think it’ll be great for the share price as the wider economy worries, probably trump a base rate cut at the moment. Reduced NIM and a flagging economy is a lose lose for the banks.

I don’t disagree - not a fan of Trump either. My post was more a devils advocate one, but there are clearly murky waters on the horizon if a tariff war kicks off, which will have an effect on the economy and by virtue, the Lloyds share price

With Trump slapping a 25% tariff on Columbia for refusing two military planes with deportees on, imagine what he’ll do if the Chagos deal doesn’t get pulled. Starmer is a disaster.

12 months ago it was showing Lloyds price as £1.35-1.45 by April 25. Complete nonsense algo

Worya - I don’t disagree with you - problem is what rate they will come up with? It’s a right mess and will costs millions in admin to sort out on top of any repayment fee.

I was offered a crazy loan on a car purchase a few years ago and told the agent to jog on. About time people took responsibility rather than endless claims coming in years later.

Takayama. Yes provision already partly accounted for. I think final cost will depend on whether they’ll cover/ repay commission costs which increased loan fees and/ or just a reduced interest rate payment (lowering term eg. 10% interest charged and should have been 5%), with any interest added back onto a final repayment. Who knows at this stage!

Takayama - I agree. It was more a rhetorical question. I can’t see anyway out for a compensation bill having to be paid in some form, which is why I’m sitting on the fence on Lloyds at the moment. Suppose there is one option of potentially enacting a new Law before the case is heard in April, but that deadline unlikely to be met. Reeves may ask for intervention, but prospects look slim for any real influence in the case.

It’s an interesting development. Would a judge overrule law though, if it found in favour of the claimant that a breach occurred? All will come down to interpretation by the judge. The treasury will have to set out a clear legal case for any influence in the case. If just on national economic grounds alone, surely the law will overrule any submission along those lines? Hold tight for 2025! It looks set to be a bumpy ride (and I’m as concerned with overall economic prospects of the country as well). The recent media coverage on loosening loan restrictions seems inflationary for house prices and could just further drive the debt bubble - which seems idiotic to me