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Lloyds TSB: 3.8% paybill budget increase

Key details

  • Pay award:
 3.8% paybill increase for merit rises

  • Employees covered (nos.):
    •  all staff (65,000)

  • Effective date:
    •  1 April 2007

    Merit rises from a 3.8% paybill increase have been awarded to 65,000 clerical and managerial staff at Lloyds TSB, effective from 1 April 2007. The budget increase formed the second part of a two-year pay deal with Amicus (now known as Unite).