Member Info for snige

Theosus,
The trouble is we are always waiting for due course.I'm betting we'll get to September and Sunak will extend government support.
The £18 billion projection was made in Jan 2020 before the pandemic and Lloyds didn't change course.
What we do know non financial business investment naturally dropped 10.3% in 2020 so was this lending purely for survival.
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/businessinvestment/octobertodecember2020provisionalresults

"Which leaves impaired loans" - has to be larger than £4.2 Billion.
It's admirable of Lloyds supporting British business with £18 billion in a recession but let's hope these loans have been scrutinized to a higher standard than the £11.7 billion of bounce back,half of which will never be recovered.

Doesn't look like any bad news on the vaccine roll out is having a negative effect on SP and if you take excess deaths as a measure only 400 in w/e 5th March so we could currently be in negative excess deaths.
Unlikely to alter lock down restrictions which all along with timing of lock down have been critical.
Wouldn't worry about Europe they are playing catch up after having a much easier pandemic

If inflation was to rise fast so would interest rates,yet Bailey is still suggesting negative rates in 6 months time,i don't think he knows any more than us.

BaffledZIRP, " When animal spirits return there could be an avalanche of spending."
Could be but we still have to remember 25% of the adult population are over 65,they are still going to be very cautious and are more likely to spend for what they need rather than for what they want.
In number terms after the wealthy they have been the savers during this pandemic.

BaffledZIRP, " When animal spirits return there could be an avalanche of spending."
Could be but we still have to remember 25% of the adult population are over 65,they are still going to be very cautious and are more likely to spend for what they need rather than for what they want.
In number terms after the wealthy they have been the savers during this pandemic.

If Bailey is right and the wealthy spend their accumulated savings wouldn't that mean less borrowing and only the less credit worthy wanting to borrow and if they decide not to spend their savings on consumption then the bank would face more business failures.
One bright spot is the governments support of the housing market but would it be in Lloyds interest to become a landlord in a housing peak.

Azzurri,"i had AZ Vaccine with mild side effects "
80p to 120p end of year isn't mild side effects.

Are you intending to publish your diaries on Lloyds trading like Adrian Mole aged 52 3/4, if so spare us the details on measurements.

You'll think differently TP once you've had the jab - Boris is good.

Wish i could buy British but it must be in a state if 312,800 are on job retention.
Incidentally 64,900 are furloughed within real estate and 244,000 in construction either the government isn't telling the truth or there's a lot of fraud.
https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-february-2021/coronavirus-job-retention-scheme-statistics-february-2021

Keep up LTI,the NI protocol is part of the WA and was cleared early last year.
Remind me what was your IQ figure again,lol.

Good point Peta but if the European parliament doesn't ratify by the end of April then we have a no deal -our current third country status with the bonus of tariffs which would effect Lloyds SP.
"If there is no ratification by the end of April we are in a no-deal situation. I hope that by then the UK will have come to its senses," he told AFP.
Having said that we have given them an open border for their exports and would be foolish to give up until this expires.
https://www.lse.co.uk/news/eu-parliament-stalls-setting-date-for-uk-trade-vote-xwdb63uxfpxh1p3.html

" I bought a house for £150k in 2015 and have made a return of 2875% on capital that remains invested."
Well done Simeon,you must be a brexiteer!

LTI,i don't know what all the fuss is about.
You both buy second hand shares but you keep yours longer,it's hardly investing closer to trading.If they offered you both new shares for an actual investment in Lloyds you would probably both run for the hills.
The market is looking for growth these days and Lloyds 16% revenue reduction in a housing bubble doesn't currently fit the bill without a good dividend payment.

Fleccy, its the new world we live in,who would of thought out of the 45 towns that needed regeneration cash 47 of them where in poorly run Conservative constituencies.

The trouble with you LTI you lie about what people said - i never said anything about food shortages or lorry parks.
Don't bother apologising

If you can't wait for Fridays ONS figures then the German fig's released today tell the truth as to whether those trucks leaving the country had goods in.
"Compared with the same month last year, exports to the United Kingdom dropped by 29.0% to 4.3 billion euros in January 2021. This confirmed the provisional calculation of 2 March 2021, which showed a 30% decline (see press release no. 096). German imports from the United Kingdom were down 56.2%"
Remember our future relies on being a trading nation.

It's social distancing/UV which will get us out of this mess and not vaccine alone,otherwise Cheltenham would be going ahead next week.
Boris and Trump are hiding behind the same argument,the success of the vaccine and ignoring the 122,000 or 520,000 dead.
As for Lloyds and all this talk on returning to normal,we still don't know what normal will be.The 1970's seemed normal at the time but we had far less discretionary spending than today and a much smaller high St which seemed to meet all our needs.

LS,every cent up reduces our competitiveness,hardly what we currently need and as for vaccine roll out can i remind you we overcame covid alone with social distancing last year on a very similar time scale.
The vaccine has saved lives but for politicians to imply it's saved the economy,it hasn't.From now on the vaccination program is out of sync with the seasons otherwise they would be offering flu jabs at the same time.