Oct 6, 2023 | All Members, Pay
Members won’t be be fooled by the headline figures produced by Lloyds and their in-house staff unions. They’ve seen it all before. It was a pay squeeze last year and that’s set to continue for the next two years for many Lloyds staff. The bank’s two-year pay deal...
Jun 7, 2023 | All Members, Pay
With the stubbornly high inflation levels set to continue and the cost of living crisis getting worse, many members of staff are now realising that the headline pay increases announced at the end of last year were really hiding a massive pay squeeze. In its recent...
Nov 25, 2022 | All Members, Halifax, Pay
Those Lloyds Banking Group staff who receive Universal Credit never got the full amount of the last cost of living payment in October because of the way the benefit works. If nothing changes, those same staff won’t get the full benefit of the cost of living payment in...
Nov 8, 2022 | All Members, Pay
Members are not being fooled by the bank’s headline pay figures and the deeper they dig into the figures the more they realise they are being taken for fools. The bank is rushing through the deal in the hope that by the time staff realise they have been hoodwinked...
Nov 3, 2022 | All Members, Pay
Members shouldn’t be fooled by the headline figures. It’s still a massive pay squeeze. The bank says for grades A-D staff: “Adding these together (£2000 minimum increase and £500 cash payment) this represents a cash value typically in the range of 8 to 13%”. The...
Aug 31, 2022 | All Members, Pay, Pensions
When Lloyds introduced its pension cap in 2014, with the tacit support of Accord and Unite who refused to ballot their members on industrial action, it said it would keep the cap under constant review. Lloyds must undertake an immediate review of the pension cap now...
