New Lloyds cuts anger union

Unions reacted angrily yesterday after Lloyds Banking Group said it plans to axe 210 UK-based jobs by the end of next year, as it merges the telephone and digital banking services of Lloyds TSB and HBOS. The news came just two days after the bank announced that 625 jobs would be lost as a result of its merger of its corporate and small business lending units and a month after it announced 985 cuts over the next two years from its car financing business.