Lloyds results show how much banks have benefitted from taxpayer-funded pandemic job support

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The furlough scheme has allowed workers who might otherwise have lost their jobs to keep up with debt repayments, writes JimMooreJourno

Prancing pony? Lloyds annual profits fell sharply but the final quarter showed things starting to look up72 per cent plunge in profits is never something to be welcomed but despite that unpleasant looking numberThe sharp decline in its earnings was driven by the need to set aside a huge chunk of money to cover bad loans, some £4.2bn for the year as a whole.

 

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JimMooreJourno I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. SamuelEddy_

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