Pound slides to fresh 14-month low as UK borrowing costs edge higher – business live

Dollar jumps to over two-year high against major currencies as bets on US rate cuts recede; UK 30-year government bond yield hits fresh 27-year high

Senior bankers at Lloyds could be at risk of having their bonuses docked if they fail to follow company orders to be in the office at least two days a week.

Lloyds Banking Group – which owns the Halifax, Lloyds and Bank of Scotland brands – has confirmed it is reviewing office attendance as part of performance-related bonus targets for its most senior employees. That includes hybrid staff who, in 2023, were ordered to be in the office at least 40% of the time, which typically amounts to two days a week for those on full-time contracts.

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