Complete history of a recession in comments13 May 2020 11:22
If you have a spare 30mins it's worth reading Land securities (LAND) on this site. With very few comments you can easily research the thoughts of investors last time round. "Think they are defo cutting the INterest rate looking at the trends of the SP, once this is announced at midday expect to see further rises in banks and property especially land sec expect to see £16 today" -Dec 7th 2007,rates cut to 5.5% https://www.lse.co.uk/ShareChat.asp?ShareTicker=LAND&share=Land-Secs
Pippa, there are ways around it for P & O operating on short routes which would copy the channel tunnel. Stay inside the vehicle windows up for 75 mins on the vehicle deck with the ships vents on, but there just isn't any demand for travel. More than happy with day trips starting tomorrow.
Nash, "Hospitality, travel and Leisure will become expensive and out of reach for the majority of the population" For the majority of over 50's it's not out of reach its just the 20 million between 50yrs-80yrs are of the opinion "we'll have a good get together when this is all over" which I am afraid will not be this year. This virus couldn't have come at a worse time with interest rate at rock bottom.
jl, "Sadly BJ is being outflanked by the Stassi science brigade. All leftis who aim to bring the Govt down." I disagree,Boris has a good working majority and wholly responsible for policy so far. From the very beginning the protection of the elderly/vulnerable was paramount and i agree with you the stats indicate those under 45 without an existing health issue have little to fear. 70% of the work force are under 50, probably more than enough for current economy. Until proper treatment/vaccine we need to segregate the population, maintain social distance and get the young back to work.
Theosus, you are more intelligent than to believe in fake news which was released one month before the 2016 referendum - "The UK and Ireland can opt out of asylum policies, and the British government has already indicated it will not take part. Denmark is also exempt". Do you have you any proof we ever paid a fine otherwise our chances of successfully fining them would be slim. I know the French receive payment but they do us a big favour having the "jungle" and border control their side.
One thing for sure Oxo, fishing alone isn't going to get us out of this mess with UK vessels landing 698,000 tonnes of sea fish into the UK and abroad with a value of £989 million per annum. So far the lock down has cost 96 years of fishing.
I would think it's more a case of would other countries accept Brits entering their country. With the second highest number of active cases at 179,000 our contamination is 10 times worse than Germany (19,000),twice as bad as France (94,000) or 3 times worse than Spain (65,000). Unless Spain is desperate for money why would you allow such high levels of contamination to enter over less infected countries risking a second surge and destroying their tourist industry.
Here's a thought. What if global warming which is more extreme in the northern hemisphere is actually caused by green houses? World production of flat glass is approx 11.9bn sq mtrs or 11,900 sq kms per year in addition no doubt there is probably an equal amount of single,twinwall transparent plastic sheeting which would have little effect in winter but would lead to a delayed cooling in autumn and accelerating spring warming. This all on top of CO2/methane.
TheFarEnd, I was pointing out we didn't commemorate VE day to the same extent in the 1960's/70's and the fallen were remembered on the 11th November but I do remember the celebrations surrounding the 1966 World cup victory. The World including Europe need to come closer, striking our own way since Feb 1st has only led to a recession on a scale with the South Sea bubble of 1720. Covid 19 outcome has America first, Britain second, this policy needs to stop now and replaced by countries cooperating - A stronger United Nations/WHO.
RE: Banks can withstand pandemic fallout on economy07 May 2020 12:38
Asp, Andrew Bailey would say that. The World economy has run out of interest rate cuts and the UK government with limited ability to pump in fiscal spending is hoping the refinancing of business debt will be sufficient stimulus, If this fails pressure will be applied on refinancing household debt. Either way a UK focused bank will be stuffed for years.
Last one. Swab testing was always going to be too much effort for this country but 5 seconds to take a temperature. 3 months after the horse has bolted and Heathrow are now finally trialling temperature checks - we don't hang about. https://www.bbc.co.uk/news/business-52558759
Any brexiteers fancy some live football, lol. "The German football league, the Bundesliga, has been given the green light to kick off for the first time since March. Matches will resume on the 15th of May"
Domestic insurance and pension groups — which held a combined 52 per cent of listed UK shares in 1992 — have also been spooked by market crashes, not least the “dotcom” bubble collapse of 2000, according to Adrian Low****, head of investing at Axa Wealth.Following both the 2000 crash and the most recent financial crisis of 2008-9, insurers and pension groups were prompted to reduce risk in their portfolio, replacing equities with bonds.In 2014, the combined holdings of insurers and pension groups in the London market fell below 10 per cent for the first time in more than 50 years. All we can hope for is foreign investors don't reduce their 55% stake in UK equity. https://www.ons.gov.uk/economy/investmentspensionsandtrusts/bulletins/ownershipofukquotedshares/2018
RE: Swedish shareholders to receive dividends.06 May 2020 09:54
TheFarEnd, if you read the entire Bloomberg article you'll find Sweden has a Social Democrat government which supports the distribution of wealth, in this case dividends from big business to the many..... shareholders.