Tuesday, December 17, 2013

Bank Staff V The Bankers

According to Unite, salaries for the lowest grade staff at Lloyds begin at £13,000; the next grade up starts at £17,000; the median salary is now £27,000. Those two bands account for something like 45% of all Lloyds employees. With pay at those levels, you are not just talking about tax credits: 40% of staff in those two bands say they rely on overtime or a second income to make ends meet. Around 12% say they have had to use payday loans in the past year. Somewere using food banks.

 In 2012, the boss of Lloyds, Antonio Horta-Osorio, took home £3.4m in cash, pension and benefits. Last month, he was lined up for a further £2m bonus in shares.

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