Newsletters From BTU
Smoke and Mirrors
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...
It’s Still A Massive Pay Squeeze For All Lloyds Staff
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...
Another Reorganisation
We are knee deep in the worst cost of living crisis in a generation and Lloyds has seen fit to announce another reorganisation and a further round of redundancies. That at a time when the Lloyds is set to announce a massive increase in profits on the back of rising...
More Help For Lloyds Staff Needed Now
Lloyds should use some of its increased profits from higher interest rates to give all staff in grades A-G an additional cost of living payment of £2000 before Christmas. Pay and the cost of living crisis is the number one detractor when it comes to Lloyds Banking...
The Differences That Matter
Over the coming months staff are going to be fed the usual Accord diet of whispered half-truths and downright lies about Accord’s track record and what BTU does or does not do for its members. If you’re squeamish look away now, because we have no punches to pull on...
What About Help For Pensioners?
Soaring inflation, energy bills and prices means that many retired members of staff are already struggling in the worst cost of living crisis in a generation. Whilst the government has said that a typical household energy bill will be capped at £2,500 annually until...
Pension Cap & Spiralling Inflation
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...
Hand In Glove
The absolute scandal of the Lloyds and Accord pay deal is played out every month. This week, the latest figures showed that the RPI measure of inflation, the one used by unions when negotiating pay deals, was 12.3%. That figure is almost certainly going to hit 16% in...
Mind The Pensions Gap
One in twenty UK adults say they have stopped contributing into their company pension scheme because of the cost of living crisis. A further 6% of savers say they are actively considering pausing contributions; a further 9% might consider doing so in future according...
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS
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