Inflation Hits 6%

Dec 1, 2021 | All Members, Pay

According to the results of the bank’s latest engagement survey, the number of staff who felt their reward package fairly reflected their role fell by 11% compared to 2020. 40% of Lloyds staff said their reward package was not good enough. In fact, improving pay and...

The Pandemic Pay Rise

Nov 1, 2021 | All Members, Pay

Inflation matters because higher prices eat into incomes and if incomes don’t grow to match prices, then living standards will fall. The Office for Budget responsibility (OBR), which provides independent and authoritative analysis of the UK’s public...

178 More Branch Jobs Going

Oct 21, 2021 | All Members, Branch Closures

We have just about emerged from the pandemic and Lloyds has seen fit to announce a further 48 branch closures across the Group, with the loss of 178 jobs. That brings a total of 148 branch closures since the beginning of the year. How many more branches are going to...

Charlie’s World – Part 1

Oct 19, 2021 | All Members

So, what’s going to be different? Is the new Group Chief Executive going to continue with the strategy set out by his predecessor or will Charlie’s world be different? And if it’s going to be different, what might that look like? Mr. Nunn has said that he wants to get...

BTU Find Charlie’s ‘Lost Bonus’

Sep 27, 2021 | All Members, Executive Pay, Pay

And it’s worth a staggering £1,316,564, more than enough to buy him a new puncture repair kit. The new Chief Executive, Mr Charlie Nunn, is the only person in Lloyds Banking Group to get a 2020 group bonus payment, albeit based on what he would have earned at HSBC....

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