Lloyds Banking Share Discussion Threads

[freddie01] 26/10/2020 07:11

Covid-19: Lloyds staff to work from home until spring


Lloyds Banking Group is to ask staff currently working from home as a result of the coronavirus pandemic to continue doing so until at least next spring.

The group said the decision was "in line with guidance". At present, the UK government recommends people work from home to limit the spread of Covid-19.

Lloyds has 65,000 staff, the majority of whom are presently working remotely.

Last month, the group said it was cutting 865 jobs as part of plans to restructure the business.

"In line with guidance from the UK and national governments, and given the majority of our colleagues are working from home, we have asked them to continue to do so until at least spring," a spokesperson for Lloyds Banking Group said in a statement.

Lloyds Banking Group encompasses many household names including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Two thirds of Lloyds employees are understood to be working from home at the moment, although staff continue to operate in high street bank branches.

UK facing 'unprecedented economic uncertainty'
How to save money working from home this winter
I rented a 'pub desk' for the day
In September, Catherine McGuinness, policy chair of the City of London, told the BBC she was "disappointed" by the "blanket call" by government for office workers to return to working from home where possible.

She said the virus was in danger of crippling the economy, adding "we need to find a way of living with it".

"This is important not so much for the big institutions that can work very well from home, but for the jobs that depend on them," Ms McGuinness said.

Last week, Deloitte announced it would close four UK offices and offer the 500 employees who work in their offices in Gatwick, Liverpool, Nottingham and Southampton work-from-home contracts.

In September, Barclays also told the BBC that "hundreds" of UK staff who had gone back to the office would be asked to return to working from home.

More home working is likely to be a permanent fixture for many firms, according to a recent study by the Institute of Directors.

A survey of just under 1,000 firms by the group found that 74% plan on maintaining the increase in home working.

More than half planned on reducing their long-term use of workplaces.

Companies are not likely to switch fully to home working permanently though, it said.

[maxk] 25/10/2020 22:46

Misterbluesky25 Oct '20 - 22:21 - 317652 of 317654


More of the same mantra from remainers .. prices can only go up.

When in fact, prices will almost certainly go down. Tariffs have been offered to the rest of the world = near zero, and they would need to be replicated.


€uro prices are already too high, and you think they are going to raise them higher?


Well, they can, and then see what happens to their trade surplus.

It's a two way street, and the €uro's had had it their way for too long.

[misterbluesky] 25/10/2020 22:21

Brexit: Cost of everyday goods 'could rise' without a deal, hauliers warn

A no-deal Brexit could see import costs for some everyday items rise by almost a third, making them "much more expensive", a business group has said.

The cost of moving goods could also rise due to tariffs, and inflation could be driven up, Logistics UK added.

In a letter to the Sunday Times, David Wells, the group's chief executive, urged the PM to work towards a deal.

A government spokesperson said a negotiated outcome by 31 December "remains our preference".

Ministers have warned firms to "get ready" for change at the end of the transition period.

In the letter, Mr Wells said everyday household items imported will get more expensive under World Trade Organisation tariffs - some by 30% or more.

"This will make the household shopping basket much more expensive, particularly in the early part of 2021 when we rely on imports for much of our fresh food," he added.

The head of Logistics UK, previously known as the Freight Transport Association, and which represents hauliers, warned that restrictions to the number of lorry access permits available to enter the EU could put businesses across the country at risk.

"The permit quota available to UK operators will fall short by a factor of four, putting businesses at risk right across the country," he said.

"We are urging government to keep pressing for a deal with Brussels, to protect not only our industry but the economy as a whole."

[k38] 25/10/2020 22:04

Latest..Hunter Biden's former associate back up claims of corrupt dealings.

[k38] 25/10/2020 21:49

By doing the basics, lock down, hands, space, masks. Do you know Rwanda only had about 5,000 cases of covid-19 and has reported just 34 deaths ?Vietnam has reported about 1,160 infections and 35 deaths to date.Dr Soumya Swaminathan (WHO chief scientist)

[k38] 25/10/2020 21:10

No beef burgers for me... beef burgers are made from all kind of sh#t.

[jl5006] 25/10/2020 20:18

And beef covers an awful lot of bits on a cow - even the unmentionables - finely ground into a mac burger

[chinahere] 25/10/2020 20:15

Wrong thread.

[pander45] 25/10/2020 20:14

Look at the ftse trend ATM. Down. Plain and simple. Two big, big influencers coming - Brexit and US election. Neither are desirable so I am happy to wait and sacrifice a few percent until a firm uptrend is established.

[jl5006] 25/10/2020 20:13

Max - a steak burger with lean mince is very cheap to make - onions herbs S & P + chillies etc £1.80 per quarter pounder Mac price and u know not whats in it £5+

[scruff1] 25/10/2020 20:08

I'm with you chavi. Wearing a face mask gives me the same sense of security I get when I fasten my seat belt as the plane whistles down the runway

[maxk] 25/10/2020 20:04

And at the end of the day, a burger is not unhealthy in itself, it's eating too many of them that does the damage.

[diku] 25/10/2020 20:03

Hence are you breathing your own breath back?...

[utrickytrees] 25/10/2020 20:02

The challenge is distribution.