Members listening to the news over the last few days will have heard that the Institute for Fiscal Studies and the Resolution Foundation are predicting that average pay will not recover to its pre-crisis peak until 2025, 17 years after the pay squeeze began. Both of them go on to say the UK is on course for its longest fall in living standards since records began more than 60 years ago, with real incomes (which take into account inflation) now set to fall for 19 successive quarters.
Lloyds Banking Group staff are represented by an independent trade union committed to protecting their interests and their interests alone. LTU is not affiliated to the TUC or any political party and we are free to determine and pursue the best policies for Lloyds Banking Group staff.
LTU represents members in Lloyds, Scottish Widows, Halifax, BOS and the other companies within the Lloyds Banking Group.