Member Info for Richard365054

Just listening to "cuddly" Corbyn. He sounds like someone you wouldn't mind next door. I was having a look at food banks in Europe and intrigued to see how many use them in France and particularly Germany. Not something I would have expected. Also interesting how Labour portray the privatisation of the NHS under the Tories. Yet the biggest privatisation was under Blair and Brown using PFI. About £17 Billion spend for £80 Billion cost, all paid for by the various health authorities.

Still no update for the total compensation figure for the month of August. It's almost 10 weeks since the end of August. By comparison, the July figure was announced a little over 7 weeks from the end of that month. I suspect it's a shocker and will point to the remaining months of this year being record totals.

It's a fact that lower corporation tax leads to higher bank lending for business as it helps to drive and encourage entrepreneurs and expansion of existing businesses. It's also a fact that there is a chasm between the Tories and Labour over this issue but presumably this will be deleted because it's political.

It is interesting how a country makes itself attractive for business to invest and corporation tax must be a most fundamental tool. It would be revealing for banks to share their own views on this as their lending helps to drive the economy.
I notice Lloyds are being affected by the decline in new car sales and the uncertainties in this sector. Government has been very disjointed and it needs someone with a clearer understanding to focus minds and help strategise for people to feel safe in their future purchase decisions.

Labour doesn't have a clue what it wants - other than bankrupting the economy. Leopards don't change.

Gate13Boy, I've no doubt they've been flooded, but in order to calculate the provision they've made they would need to know the number of claims and the approximate percentage that are being upheld. Lloyds have never been very upfront with facts and the number of "final" provisions must run into the low teens. Their ability to put a figure on this scandal over the years has been poor at best.

It's a totally disgraceful amount and just shows how corrupt lenders were. However, that is now matched by the fraudulent claims and so called legal companies who have been taking in so much of the compensation.
The major Banks are still not revealing the actual number of claims received in August, nor are the FCA showing the amount of ppi compensation paid in August. That period ended almost 9 weeks ago so what's the holdup?

I don't see the final dividend being affected, just a delay to further buy backs. It wouldn't be a sensible response by the Board to hammer the shareholders again as they have been since 2011.
On something completely separate, Labour presided over the largest privatisation oF the NHS in history. They gave the NHS £13 Billion of investment but with a bill of £80 Billion. Overall the public sector is saddled with payments totalling £200 Billion and running into the 2040s. All from Brown "no more boom and bust". Worth remembering. Plus the tax on pension credits and the destruction of final salary pensions. Yes, Labour love the working class!

We're still waiting for the FCA refunds table to be updated for the August ppi figure. It is unusually late and there is no reason for this.

Lloyds once again are frugal with information and treat their shareholders with disdain. Quite a number of weeks again there was a statement about the upsurge in August claims and that 90% of those received at that time were not genuine. Maybe fraudulent is a better word. On the basis of the average refund being around £2,000, the number of claims that would be satisfied by an additional £1.8 Billion being put aside is 900,000. If these claims represent 10% of those received in August, then the total figure for received claims in Auguxt would be around 9 Million. Since Lloyds represent about 40% of total claims to date, the figures suggest that the industry received around 22 million claims in August. Yes, I don't believe it either.

Lloyds have been an utter disgrace attempting to gauge the size of this scandal, but it has also created a market for spongers, hangers-on and chancers. This has helped to accelerate the compensation culture that is prevalent everywhere today.
Lloyds have consistently been very frugal with facts about ppi and bear in mind, AHO has been at the helm almost 9 years and made the first move in setting aside money for the scandal when he became CEO. A little bit more honesty would not go amiss but I don't think the bank would understand that point.

Nearly all of us tend to focus on growth as being the measurement of success, be it a company or expressed overall in GDP. We tend to refer to and measure Lloyds in this way.
But the population figures are worrying, particularly when you see the growth in the period from when Blair opened the doors in 1997 to mid 2026. A growth of 11 million.
In that same period the road network has pretty well remained the same and the same is true of the rail network. The infrastructure of surgeries, hospitals, schools hasn't visibly expanded either, so it's enormously worrying where this direction of travel is taking us. Indeed, if you remove the the increase in working population from the GDP figures, our performance would probably be negligible.
Many people are now self employed and probably choose this lifestyle to provide a better work/life balance. Maybe what they do doesn't add much to GDP or perhaps some jobs can't even be measured, but maybe their satisfaction with life has improved and that's a much more meaningful criteria.

I well remember the time when AHO made great statements about two thirds of future profits being paid back as dividends to shareholders. Very close to manipulating the share price and it did indeed yield him a bonus payment.
It would help to put some facts around the level of bogus claims received during the month of August. We're assuming the bank received over 3 million claims and that 90% were bogus, but by now the bank will have a much clearer idea. Or they wait a week and wrap it up within the third quarter results.

In early September Lloyds said they would set aside between £1.2 and £1.8 billion. Additionally, the share buy back was halted. This all happened six to seven weeks ago. Very, very late regarding August payments for ppi compensation.

Taking a long time to get the ppi compensation figure for August. Likely to be a large one but odd there is such a delay. It will hopefully also be clarified by Lloyds at some point just how large a percentage of claims received in August were bogus. They've had long enough to get a sense of the likely percentage figure.

The Lloyds share price is very much reactive to the state of Brexit and the likelihood of a deal. Sadly, watching the incumbents in Parliament shows what a shower we have and what a game of party political dodgems they are happy to play. It really is a House of Clowns and the general public will have their revenge. Could do with a march to focus the Brexit message.

We read a lot about this Bank bring too UK focused as the factor restricting it's growth and therefore it's share price. The criticism tends to be that it is too heavily dependent on the mortgage market, but it does also, through the acquisition of MBNA and a recent concerted push into investments and pensions show that it is diversifying rapidly and aiming for significant growth overall.
It's also worth considering the relentless increase of the UK population. Since 1997 through to this year, our population has grown by 8 million and by mid 2026, this 29 year period will have seen an increase of 11 million. That's almost a 20% increase and if Lloyds has a big chunk of that, then it's a considerable amount of new mortgages, credit cards, pensions and investments.
Whether our infrastructure has grown at the same pace is another matter and whether we're happy to see such a densely populated country as England self evidently is will continue to focus minds. It's also not remotely surprising that our two most polluted cities are our two largest cities. Fortunately I don't have this problem nor would I ever choose city living for leisure and work. Sadly, the politicians and political parties over the years have always ignored people north of Watford which is why we have to put up with awful roads and transport systems. On the other hand, it does mean less congestion and where I can claim that grid lock is two cars at a red light.

It's noted how you assume the self elevated position of righteousness and intelligence on here: "you will never make the Brexiteers see any reason or sense on here". Try listening to Guy Verhofstadt at the Liberal conference and you'll see what the federal intentions of the EU are.

He's paid to be there with his megaphone, watching TV so he can ruin interviews. He's not interested in democracy, just his own view which has to be imposed on others. Shame no one plays Colonel Bogey when he starts up.

May well be laughing her head off, but continuing delay does nothing for business and antagonises the public even more. MPs have once again forgotten they are our servants and if there is a further delay, there will be a bloodletting at the next GE.

The no deal scenario still exists, partly because of May's weakness and partly because of politicians playing their usual games. I also would have prepared for a no deal as it's not yet off the table. We all would complain if no deal happened and no preparations had been made.

Hopefully there will be sufficient Labour MPs with consciences who respect their own electorate that put them in this
position to begin with. The problem is that so many arrogant twits have played a game of political football, ignoring the facts that business drives the economy and funds the MPs lifestyles. Many have forgotten they are our servants as they behave like self consumed masters.
The way in which some MPs have represented three or even four parties during the course of this year will have disgusted many of the electorate. Hopefully memories have recorded these people and in due course the electorate will have their say - as it should be.
Finally, the concept of reducing the number of MPs and Lordly big wigs has been denied and delayed because MPs are very protective of their environment. Clueless Clegg agreed to a reduction of 50 MPs if he could have a referendum on proportional representation. He did and lost and went back on his word, something he developed a habit of doing. But before long, he was rewarded with a knighthood. I can't think of any appointment that has so debased our honours system.
Today, many MPs want a second referendum and a GE, notwithstanding that each time it happens the bill is around £140 million. Still, MPs don't care, they can leave the cupboard empty just like Labour did some years ago.
We have a lot of parasites in politics and the way the Lloyds price has moved in the last week shows how desperately a deal is needed so that business can function and make investment decisions for their future. Instead, we may continue to be treated to yet more political ping pong by our servants in Parliament.

Germany is well aware that they need to see a negotiated Brexit otherwise the consequences added to falling demand in China for their automotive products will lead to massive job cuts. They are no doubt lobbying heavily behind the scenes to get a negotiated deal in place otherwise they will suffer disproportionately.

The way in which the lloyds price follows the Brexit ups and downs and who is making the most optimistic comments has been self evident over the last few days. A very strong finish over the last two days last week has been followed by something of a rebalance this morning. You can't separate Brexit from lloyds as the last nearly three and a half years has shown. It's also a consequence of how difficult it has been for business and this fundamentally is the focal point that politicians need to grasp. Unfortunately, many of them have been content with prolonging the bun fight and I only hope that the people at the next GE will take their revenge.

Disappearing bank branches have been in the news for a number of years, although it is a consequence of all of us physically not using these branches on a regular basis. When I was younger the only way to obtain cash was to walk in to my branch and write a cheque. How long is it since many of us actually wrote a cheque for any reason. If I was running a business and the internet was growing year on year and physical foot fall falling, I would be looking at a similar solution. I don't blame the banks for making these decisions but I do think that banks, post offices and local government should discuss alternative solutions and arrangements.

I was also surprised in Glasgow a little over a week ago when I hopped on a bus and the only method of payment was contactless using my debit card. It's a sign of the times that money is disappearing and certain shops and cafes are also cashless. But I couldn't submit to this without receipts for every transaction.

The banks therefore, are having to change enormously and relatively quickly. With it comes the consequence of associated fraud and I've lost track of the texts and emails I've received but not opened if I don't recognise the sender. A little frightening how deception is growing hand in hand with this growth in technology. But then again, about ten years ago someone intercepted a new cheque book in the post and wrote a cheque for cash for £500.00 which the bank accepted and the signature was a direct opposite to mine.