The “Year of the Squeeze”

In a report published on the 29th December, the Resolution Foundation, a well-respected think-tank focused on improving the living standards for those on low to middle incomes, said that 2022 would be the “year of the squeeze” on people’s finances. In its quarterly...

Pay Squeeze For All Lloyds Staff

The 2022 pay pot, the amount of money the bank spends on pay, is just 3% compared to the current inflation rate of 6%. On the Bank’s own figures, that means all Lloyds staff are going to see their pay fall relative to the cost of living. Matt Sinnott, Group People and...

Inflation Hits 6%

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

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

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...

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