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February 15, 2009


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New York Defensive Driving

Great Information. That sounds great. Really helpful thanks for the Article, Great job, hope we can expect more articles like this. All the Best


I have no problem with the cashiers etc in Lloydstsb getting a bonus. If it wasn't for GB pushing through the merger with HBOS, Lloyds would have made a very tidy profit and would be one of our most financially secure banks.
Mr Brown has a lot to ponder for not only has he presided over the current financial crisis but was instrumental in causing the mini crisis in lloyds it is unfair that the lowly workiers in lloyds should pay for his bad judgement.
It is not a case of everything GB touches at the moment turns to gold but rather a familiar shade of brown.....

Posted by: John |


At the beginning of each financial year Lloyds TSB, like most organisations, sets itself demanding performance/profit targets and these are passed down the organisation and form the basis on which staff are appraised throughout the year. If targets are achieved staff can earn bonuses and these bonuses, which are contractual, are based on a percentage of salary. It is expected that Lloyds TSB will announce that it made profits of £1.8 billion in 2008, which is less than expected at the beginning of the year and which has resulted in less money being available for bonuses.

Whilst the media are full of stories about bankers earning enormous bonuses, the reality in Lloyds TSB is completely different. A typical cashier or customer services officer, of whom there will be hundreds in your constituency and tens of thousands across the Bank, earns £15,121 with salaries ranging from £13,491 to £17,050 depending on location. Depending on their performance this year most people will earn a bonus of about 2% from a 2.5% pot. The average salary for these staff is £17,000 and so the average bonus payment for 2008/9 will be closer to £340.

Such staff have an expectation that if they have performed to the standards expected, they will receive bonuses appropriate to the efforts they have made and we are deeply concerned that some politicians, who should know better, are calling on Lloyds TSB to penalise ordinary members of staff, who are innocent bystanders, by withholding bonus payments that have been earned and are entirely justified.

There will be those who say that it was taxpayers' money that rescued the Banks and that in those circumstances they should not pay any bonuses to staff. However, the fact is that if Lloyds TSB had not come to the rescue of HBOS, at the behest of Government, then the whole banking sector would almost certainly have collapsed. Moreover, had it not agreed to the takeover of HBOS, Lloyds TSB would not have required financial support from the Government and there would be no need for us to be writing to you to defend the hard earned bonuses of our members.

Many ordinary members of staff on modest salaries have worked hard, exceeded their performance measures and deserve these bonuses through the exceptional efforts they have put in. Do not penalise staff of an institution that has not made losses and who are innocent of any wrongdoing.

Graham Marlowe

I think Lord Adonis (is his real name Charles Atlas?) is one of the greatest indicments against care In the Community). the man is barking. he was potty at Education, but what on earth is he doing in transport? - I suspect if he ever travels on the London Underground he'll be asking where the dining car is).

I really do think there ought to be an annual "David Freud Memorial Prize" for the most overrated and ignorant person in politics. I'll even give a list of nominees to kick it off, if you like!

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