Most only have £500 of savings says Lloyds boss

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Charlie Nunn says many households have little buffer in their accounts for harder times ahead. …

Lloyds gave 64,000 employees a 3.6% pay rise plus a one-off autumn lump sum of at least £1,000. A more generous package at Rolls Royce – a 4% pay rise plus £2,000 lump sum – was rejected by unions as essentially being a below-inflation pay rise in disguise.

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