Newsletters From BTU
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...
From Desktop To Laptop
In our recent Working from Home Survey, 63% of members said that they were working more than 7 hours a day and were more productive than they were before the pandemic. According to a recent study of 3 million employees in 21,500 companies published by Harvard Business...
Playing With Fire
In a note to staff in Old Broad Street, the bank says it's running a Fire Safety pilot between 21 June and 16 July. In that announcement the bank says: “As our ways of working start to change so must some of our processes, and how we manage evacuations due to fires is...
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