The 2018 pay pot is 2.5% compared to the current inflation rate of 3.9%. On the Bank’s own figures, that means up to 81% of staff are going to get pay increases less than the current rate of inflation. Pay stagnation for the vast majority of staff is set to continue for another year under the latest pay agreement reached with the Bank’s two favourite Unions - Accord and Unite.
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.