Newsletters From BTU

Antonio Horta-Osorio’s decision not to recognise grades D and E branch managers working on the front line during the coronavirus pandemic has been met with a storm of protest. The Group Chief Executive, who we assume has been working from home since the lockdown...

That’s what a grade D member on the front-line since day 1 said yesterday. Some of the very people who deserve it the most are getting nothing. It’s not about the money for grades D and E members of staff, it’s much more important than that. It’s about recognition....

Members will recall that in one of our previous Newsletters in early April we said that staff should get a one-off bonus to reflect the fact that by going to work every day they are putting themselves and their families at increased risk. Members will recall TSB paid...

The bank has announced that it is extending branch opening hours from 9.30 am to 3.30 pm with effect from the 8th June. Branches will remain closed at the weekend but we expect that to change in the next few weeks. When announcing the changes Jo Harris, Managing...

As we enter the 9th week in lockdown, we are all settling into routines that a few months ago would have seemed bizarre. 45,000 Lloyds staff are now working from home but how long will that continue and would many of those, if given the choice, want to continue to...

As it scrambles around to cut costs, our fear is that Lloyds will try to reduce its pension deficit contributions to the defined benefit pension schemes. And the Trustee, which is made up of bank appointees and unelected Member Nominated Trustees, will agree to...

Today the Lloyds GEC will meet to discuss its future investment strategy in light of the economic consequences of COVID-19. Also, on the agenda will be the future of GSR 4, the bank’s next three-year plan, the work on which is due to start in Q4. Resource is currently...

In the face of a pandemic that has already killed 297,569 people worldwide (although that figure is likely to be significantly higher when you take into account excess mortality) the search for perfect scientific evidence when it comes to the wearing of face masks is...

Words matter. Clarity is essential. And if the new post-lockdown measures, which the Government have announced over the last few days, are to work and make people feel safe then they need to be backed up by new laws. Without some form of enforcement, it will be a free...