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."
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?
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.
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
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.
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?