Lloyds Bank to hand £1,000 cost of living payment to employees

Lloyds Bank said the financial support for employees was meant to help during ‘uncertain economic times’ (Stefan Rousseau/PA)

(Picture: PA Wire)

Lloyds Bank is to issue a £1,000 payment to employees to help with the ongoing cost of living crisis.

The payment will be made to 64,182 employees or 99.5% of the workforce, but will not apply to senior management. It will be paid to staff this August.