Lloyd Bank is giving some staff a financial boost of £1,000. The majority of employees are to receive the money to help them to get through the cost of living crisis, the bank says.
The lender told workers they will receive the cash bonus in August, according to an internal memo seen by the PA news agency. It is understood the payment will not be made to senior management or executives and will cover 64,182 employees, or around 99.5% of the firm's staff.
"As the rising cost of living continues to impact our people and our customers, we've been assessing the evolving outlook for inflation and considering how we can support you even further," Lloyds said in the memo.
