Member Info for snige

In a nutshell all central banks are printing money like the Weimar republic,so no country will stand out but as long as there's free movement of capital and the UK is not an investment direction as it's no longer a bridge to a bigger market (Europe) then whatever we print a large proportion will leave the country, some of which will probably end up in socialist China.
Higher growth would be achieved if the British consumer was given the cash.

Its also based on,
" over the first half of next year, as the United Kingdom leaves the Single Market
and Customs Union on 1 January and is assumed to move immediately to a free trade agreement with the
European Union."

The move applies further pressure on banks to lend more at lower interest rates,otherwise the exercise is a waste of time.

I sometimes think people forget banks make their profit from lending money and after the last recession interest rates fell 5% which motivated a decade of borrowing more.
What is going to persuade the people this time if the government is frightened to borrow further?

If they paid me to borrow then i would, but i wouldn't spend it because i don't really need anything and if i did,i would use my savings which aren't earning anything.

"UK cannot simply borrow its way out of crisis" - Sunak.
If it's not sensible for the country why would you encourage your people to borrow more,it doesn't add up.

One thing you can say about this pandemic it has definitely stirred up an interest in home improvements.
People are spending less time in the service sector,eating,drinking,dancing,chatting,viewing,listening etc and either by themselves or a builder,upgrading the UK housing stock.
Although a positive it will never create the numbers of minimum wage jobs lost serving food,drink or other non productive work - is this the re balancing the economy needed.

It ultimately devalues your currency and in time a loss of confidence.

"Target £1.50 - £2 this time next year, will keep adding"
Keep lemonsqueezy talking,we'll get an ambulance around there straight away.

The current fall in Lloyds is just the general fall in banks around the world,Deutsche is off 6%.
The mishandling of the economy by Boris is yet to be added.

It's all about civic duty for your country and the 5.5 times our GDP(£15 trillion) has been invested abroad.Could argue it was non patriotic lefties but my hunch would be rich flag waving Tories.

Were expecting better this week.
If we take tourism,UK residents made 9.4 million visits overseas in August 2019 and assuming the average holiday is 2 weeks then at any one time 4.5m people are away but this year passenger numbers were down by 80%.
After taking into consideration the same effect on visitors into the UK we have a net population increase of 2.1m or 3.2%.
Quarantine was meant to provide a £4 bn boost to the UK in August.
https://www.ons.gov.uk/peoplepopulationandcommunity/leisureandtourism/bulletins/overseastravelandtourism/august2019provisionalresults

Theosus,I thought the civil service/state pension was calculated on the Sept stats not August,i could be wrong.

Looks like accelerating 80 million meals in August and getting us to socialize was a bad idea.What was wrong with letting it happen naturally like we did in July.
The £400m spent by government to promote is going to get a lot more expensive.

If we have broken the law and it looks like we have,this could get expensive.
Why would a MP vote for a bill which will make its people poorer?

""It comes as one scientist warned the UK was "on the edge of losing control" of the virus."
Nothing new there.
This government has lost control of most things,financially we are in the hands of a few Americans now.

Lloyds down 50% from February 56.92p-45.68p.
Is that the only answer you have a statistical fall - no hope.

Deutsche up 70% from March low,BNP Paribas up 50%,It's not the pandemic it has to be the way you government has handled things, unless you have a better answer.

I admit i was wrong thinking it would stay flat at 62p.
I just like the way you say you're confident it would rise into the 80's and beyond,who would have thought your choice of PM would have such a detrimental effect on Lloyds share price.

Might be a good time to remind people what Gateboy wrote last October when he said,
"I’m 2p short of my average still but am confident these will rise into the 80s and beyond once this Brexit fiasco is finally put to bed properly and we’ve left the EU."
Well only 37 days left now before it's put to bed and i know you're going to say we've had a pandemic but why have all other major markets returned to pre-pandemic levels.
So has a Boris brexit premiership been a success after a £392bn black hole in our finances and an additional 68,000 deaths both exaggerated due to a one week delay in implementing lock down?