For 2018, the Bank pay pot of 2.5% will be applied through three fixed pay matrices details of which are set out in the Newsletters below.
In the next few weeks the Bank will announce record profits for 2017. In October, the Bank announced an underlying profit of £6.8 billion. Costs were significantly lower over the same period and whichever way you look at it, staff in Lloyds Banking Group are more productive and more profitable than any other comparable Bank anywhere in the world. It is only right and proper for them all to expect salary increases to reflect that level of performance.
LTU has analysed the Bank’s proposals in a series of Newsletters for members covered by the different pay matrices. The Newsletters can be accessed by clicking on the link for your grade below.
Members with any questions can contact the Union’s Bedford Office on 01234 262868 (Choose Option 1) or they can email us at email@example.com.