[Merged]Brexit stuff

[WTFH]

Maybe they'll employ some Lloyds staff.

[original PM]

Yes but the point is for 90% ish of people who live in the UK the sterling exchange rate is only of interest when going on holiday.

The fact you are arguing that the wage drop is insignificant compared to that really does highlight how out of touch you are with the average modern British person.

[scooterscot]

Oh dear Mk II - Lloyds cuts a further 3,000 jobs

Brexit strikes again.

Lloyds cuts a further 3,000 jobs and doubles branch closure plan - BBC News

"Lloyds has ramped-up its job-cutting scheme, axing a further 3,000 roles, even as it reported a 101% increase in pre-tax profits.

The bank also doubled its planned branch closures, with 200 more to be removed from the UK's high-streets by the end of 2017.

The cuts are in addition to the 9,000 job and 200 branch closures Lloyds announced in 2014.

Lloyds reported a £2.5bn pre-tax profit for the half year to the end of June.
In the same period last year, it made £1.2bn.

However, chief executive Antonio Horta-Osorio warned that he expects a "deceleration of growth" following the UK's decision to leave the EU.

The Group said the increased cost-cutting was as a result of the change in how people do their banking, and due to the chances of interest-rates staying low in the wake of Brexit.
Mr Horta-Osorio emphasised that Lloyds was in a "strong position to withstand the uncertainty" created by the vote.
The bank has previously been hit by large payouts for payment protection insurance (PPI) compensation. The banks are expecting the scheme to be wrapped up soon.
Almost 10% of Lloyds is still owned by the British taxpayer."

[barrydidit]

Got a job spec through for that yesterday. It's not all bad news

Incidently, they HAVE to have been planning that for ages, Brexit is a convenient excuse. Changes in customer behaviour have been referenced - that's not happened in a month

[The Spartan]

Brexit strikes again.

Lloyds cuts a further 3,000 jobs and doubles branch closure plan - BBC News

"Lloyds has ramped-up its job-cutting scheme, axing a further 3,000 roles, even as it reported a 101% increase in pre-tax profits.

The bank also doubled its planned branch closures, with 200 more to be removed from the UK's high-streets by the end of 2017.

The cuts are in addition to the 9,000 job and 200 branch closures Lloyds announced in 2014.

Lloyds reported a £2.5bn pre-tax profit for the half year to the end of June.
In the same period last year, it made £1.2bn.

However, chief executive Antonio Horta-Osorio warned that he expects a "deceleration of growth" following the UK's decision to leave the EU.

The Group said the increased cost-cutting was as a result of the change in how people do their banking, and due to the chances of interest-rates staying low in the wake of Brexit.
Mr Horta-Osorio emphasised that Lloyds was in a "strong position to withstand the uncertainty" created by the vote.
The bank has previously been hit by large payouts for payment protection insurance (PPI) compensation. The banks are expecting the scheme to be wrapped up soon.
Almost 10% of Lloyds is still owned by the British taxpayer."

Don't be absurd, business is business if you can cut costs you will

[GB9]

Part of previously announced cuts. Doesn't even blame Brexit.

Desperate stuff from the usual suspects.

[GB9]

GBP-USD:

2007: peaks of over $2 per £.
Now: $1.32

Even bigger drop in wages.

Go on. When did it peak at over $2. More of your usual tulipe.

[filthy1980]

Part of previously announced cuts. Doesn't even blame Brexit.

Desperate stuff from the usual suspects.

confirmed by the @AskLloydsBank twitter account too "The decision to close these branches was made before the Brexit vote and is not linked to the result"

[The Spartan]

Part of previously announced cuts. Doesn't even blame Brexit.

Desperate stuff from the usual suspects.

Can't we just get him banned?

[LondonManc]

Brexit must be awesome if it's been responsible for the internet.