Newsletters From BTU
Landmark High Court Case Continues….On Skype
The second part of the union’s landmark legal case on Guaranteed Minimum Pensions (GMPs) will begin in the High Court today. Given the current turmoil the case will be heard by Mr Justice Morgan via Skype. Members will recall that in the first case in 2018, the High...
Transitioning To The Next Normal
Tomorrow, Lloyds will publish its Q1 results and will set out how much the coronavirus pandemic will cost the bank. Barclays has set aside £2.1bn and HSBC £2.4bn for customers not being able to repay back loans during the crisis. The UK economy could shrink by 35% in...
What About The Bonus For Front-Line Staff?
Members will recall that in one of our previous Newsletters in early April – ‘Bonuses For Front-Line Staff’- we said that Lloyds front-line staff should get a one-off bonus to reflect the fact that by going to work every day they are putting themselves and their...
Letter To Rt Hon M J Stride MP Regarding The Coronavirus Business Interruption Loan Scheme (CBILS)
“High Proportion” Of CBIL Applications Being Rejected
According to Jo Harris, Managing Director, Lloyds Community Bank of those SME businesses making applications under the CBIL scheme “a high proportion don’t qualify and are being rejected” because they don’t meet the Government’s criteria. That will come as a surprise...
We Only Need A Telephone!
The bank has released 1 million ‘reach out’ leads for customers who are over 70. Over the next few weeks Banking Consultants will be contacting those customers to see how they are coping in the current crisis. The bank says the calls are for customers to: “talk about...
More Freedom For Commercial Banking
According to the Government’s latest data just 1.4% (4,200 of 300,000 that have sought help online) of those businesses that enquired about the Coronavirus Business Interruption Scheme (CBILS) have been successful. Tens of thousands have made formal applications but...
We Are Not Working Together!
Before we get onto the substance of this Newsletter members will be aware that the in-house staff unions – Accord and Unite – have issued a joint statement with Antonio Horta-Osorio, Group Chief Executive, on COVID-19 and the bank’s response to the unfolding pandemic....
Covid-19 Survey
On Tuesday 14th we are going to carry out what I expect to be our last Covid-19 survey in Lloyds branches. The surveys so far, in which members have participated fully, have given us a chance to identify the key issues and problem areas and given members a voice that...
Pressure In Commercial Banking
Whilst the Government’s Coronavirus Business Interruption Loan (CBIL) scheme, which is worth £350bn, is welcome news for those businesses that might not be able to secure finance through their bank, the pressure placed on relationship managers to respond to customers’...
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