Bank Unpicks Embarrassing Pay Deal

Jun 16, 2022 | All Members, Pay

The one-off payment of £1000 to all Lloyds staff in grades A-G is to be welcomed but why didn’t the bank just negotiate a proper pay deal which could have dealt with the cost of living crisis once and for all. We’ve been telling it for months about the cost of living...

Too Little, Too Late

May 10, 2022 | All Members, Pay

It’s ironic that almost to the day the worst pay deal in living memory became effective, Accord started talking about the cost-of-living crisis, inflation and the bank’s profits. It now says it wants the bank to “make a one-off discretionary payment”. Does Accord not...

Return Of The Whiteboards

Apr 26, 2022 | All Members

In the rush to achieve Charlie Nunn, the Group Chief Executive’s demanding growth targets we are beginning to see some of the old-style sales techniques – like the use of ‘whiteboards’ to track individual and peer group performance – beginning to creep...

Back to the Future

Mar 21, 2022 | All Members

Charlie Nunn, Group Chief Executive, is shaking up the bank and getting rid of those executives whose faces don’t fit any more. Matt Sinnott, the ex-People and Property Director, had a discussion with Charlie Nunn and it was agreed that he would leave. The bank’s...

What Cost of Living Crisis?

Feb 25, 2022 | All Members, GMP Court Case, Pay

In the glossy video accompanying the bank’s new strategy, which we will discuss in more detail in a separate Newsletter, Charlie Nunn, Group Chief Executive, was asked what was “the toughest question you’ve been asked so far in preparing for this announcement?”. He...

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