Further cuts at Lloyds in wake of Brexit vote

31st July, 2016
4
Lloyds says a deceleration of Britains economic growth seems likely

Banking giant Lloyds has announced plans for further cost-cutting in the wake of Brexit, with an additional 200 branches set to close and an additional 3,000 jobs to be lost by the end of next year.

“Following the EU referendum the outlook for the British economy is uncertain and, while the precise impact is dependent upon a number of factors including EU negotiations and political and economic events, a deceleration of growth seems likely.”

António...

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