Newsletters From BTU

What, No Holidays?

Well, not quite. One of the things we have missed most during the pandemic and various lockdowns across the UK, other than family and friends of course, has been our annual holidays. Many members will have already been on their 2-weeks holiday or may be reading this...

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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...

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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...

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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...

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‘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...

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“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...

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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...

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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...

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BTU Newsletters

Information when you need it most. Working in a rapidly changing industry you need authoritative, up to date information. Most importantly you need information you can rely on. BTU’s regular newsletters will bring you the information you need; readable but with enough detail for you to form an opinion on the facts. We want you to see our newsletters regularly and as soon as they are issued.

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