LBC refers to Little British Car. This refers to various Austins, Morrises, Triumphs, MGs, Lotuses (Loti?) and the like, mostly models from the 50's right up to the 80's. In their ultimate evolution they were conviertibles, small, quick-handling, and under-powered. Not the ultimate in performance, but perhaps the ultimate in driving experience.
Oddly, global economics have resulted in the passing of the LBC torch to the Mazda Miata.
Original LBCs include:
Hillman Super Minx
Austin Mini/Austin Mini Cooper
/msg me with additions/corrections.