This was a unique offer marking the first 2-year pay deal we have seen from Lloyds Banking Group. Your Unite negotiators pushed the bank hard and combined with your collective power, were able to reach a final offer we feel provided significant value and pay certainty for the next 2 years, enabling colleagues to effectively plan their finances across a longer period.

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Unite have reviewed the offer and given that analysts expect economic conditions to improve steadily in 2024 and 2025, it means the combined 2-year deal is a significant investment in pay and could present good value if predictions are accurate. 

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Unite recommended members accept the 2024 & 2025 pay offer and members supported this position with the majority accepting the offer.