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gender pay gap widens at major uk banks despite overall improvements

The gender pay gap at Lloyds Banking Group and Nationwide widened last year, with Lloyds' median gap rising to 35.5% and Nationwide's to 29.2%. Despite a record low overall UK pay gap of 8.4%, men still out-earn women at 78% of large employers, highlighting ongoing disparities in the financial sector.

chancellor engages banking leaders to discuss economic growth strategies

Chancellor Rachel Reeves is convening leaders from major UK banks, including Barclays, HSBC, and Lloyds, for discussions on the government's economic growth agenda, focusing on financial services and the mortgage market. This meeting coincides with the banks' full-year results reporting season and follows a recent downgrade of the UK's growth forecast by the Bank of England. Key topics are expected to include mortgage lending, housing market stability, and financial services innovation, amid concerns over existing mortgage lending restrictions and their impact on financial stability.

chancellor meets bank leaders to discuss economic growth strategies

Chancellor Rachel Reeves has summoned the CEOs of major UK banks, including Barclays, HSBC, and Lloyds, for discussions on the government's economic growth strategy. The meeting aims to gather fresh ideas to stimulate the economy amid recent growth forecast downgrades and pressures for potential tax increases. As banks prepare to report their full-year results, Reeves is focused on removing barriers to growth set by economic regulators.
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