Newsletters From BTU
Avoiding A ‘TSB’
Lloyds has now confirmed what we recently reported in a Newsletter regarding the roll out of Thought Machine’s Vault technology across the Group. At a recent meeting William Chalmers, Chief Financial Officer, said that: “In the first half of the year, we safely...
GPS – Bumper Bonus Year?
In his recent presentation to analysts, William Chalmers, Chief Finance Officer, said on Group Profit Share (GPS) that: “We do want to recognise colleagues, given the fact that we paid no bonus last year, we want to recognise to colleagues that things are proceeding...
FCA Gets Powers To Stop Branch Closures?
The Financial Conduct Authority (FCA) is considering introducing new rules which would give it the power to stop banks from closing branches. It is estimated that since the pandemic began, some 529 branches have been earmarked for closure. In June, Lloyds said that it...
‘Spooky Action At A Distance’
What is the significance of the bank announcing that it is diluting a key part of the Lloyd’s job security policy but not implementing it until 1st January 2024? What’s happening in 2024? We’ve always worked on the basis that whenever the bank says it wants to change...
“Return Is Voluntary Over The Summer”
That’s what Matt Sinnott, Group People & Property Director, said recently. The clear implication of his statement was that after the summer holidays, return to offices - in some form - will become compulsory for Lloyds Banking Group staff. In his latest...
Letter To Rt Hon Mel Stride MP: Lloyds Banking Group & The Reading Fraud
Please click this text to view a PDF of the letter.
Facts Are Stubborn… Statistics Are Pliable
Pensioner members will recall that on the 25th November 2020, HM Treasury and the UK Statistics Authority published their response to the consultation on the reform of the Retail Price Index (RPI). The so-called reform, if implemented, could result in millions of...
More Flexibility?
The retail bank is going to be pushing staff for greater flexibility over the next few weeks. In a note to staff, Jo Harris, Managing Director, Lloyds Bank and Bank of Scotland said: “Our current working patterns and ways of working mean that we don’t always have the...
Accord Criticises Pay Deal Agreed By Accord.
You couldn’t make this stuff up. In a recent note to his members Accord’s General Secretary criticised this year’s pay deal. He said: “…Accord members have already been impacted by a pay review for 2021 that’s now below inflation”. That’s the same General Secretary...
The Merging Of Grade D & E ‘Uppers’ and ‘Lowers’
We said last year that the bank was going to merge ‘uppers’ and ‘lowers’ for grades D and E. The bank has been looking to do it for years. In fact, it tried to do this in 2014 but we stopped it by threatening legal action. We told the bank that grades were contractual...
BTU Newsletters
To ensure you’re completely up-to-date, register to receive our newsletters by email or text message to your mobile phone (with a web link). As you would expect your email address and mobile number, like all our other membership information, are confidential to you and the Union.
To receive copies by email just let us have your details at 24hours@btuonline.co.uk and we’ll arrange it.
Older newsletters are available upon request.