Lloyds Banking Group PLC ShareSoc Webinar Transcript
Good morning, everybody. Lloyds Banking Group is delighted to be running another one of these retail briefings. We've got the largest retail investor base in the U.K. and we believe these updates are an important way of keeping in touch with our shareholders. So thank you very much for joining us this morning.
As Mark indicated, I'm Douglas Radcliffe, and I'm the Group Investor Relations Director for Lloyds. Within this call, I will run you through some of the key messages from our third quarter results that were issued at the end of October. However, before I do that, I thought it would be beneficial to hear from Lloyds Banking Group's Head Economist, Andrew Pipe.
Our view on the U.K. economy is fundamental, not just because that is where the business primarily operates. Indeed, over 95% of our assets are in the U.K., but because our impairment charge is directly impacted by our economic assumptions. I therefore thought that it will be a good base for the overall presentation today. As ever, as was mentioned earlier, there
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