A public sector four-day week will destroy the taxpayer's trust in Britain [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Yahoo! Finance
The argument is that in the public sector some minority ethnic groups were overrepresented in frontline jobs, and the dominant white group was overrepresented in office jobs – the latter being the main thrust of the four-day week initiative. But there is a much deeper question to be asked and answered about the public service sector, namely: what mechanisms exist in the public sector to give customers (the taxpaying public) feedback about their experience at the hands of the public service providers? In the private sector, the feedback loop is firmly in place. At the simplest level, we employ, say, a plumber to fix a leak or put in a new basin. He or she is (a) organised, effective and good value or alternatively (b) poorly organised, low-quality, and overpriced. Obviously there are nuances in between, but essentially, we will hire again, and recommend the plumber under category (a) and the opposite for the plumber under (b). In a more global context, large corporations compe
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- High interest rates aren't helping banks as they did before—just ask NatWest, whose profits fell 27% in the first quarter [Fortune]Fortune
- NatWest Beats Estimates on Signs of Growing Customer Confidence [BNN Bloomberg (Canada)]BNN Bloomberg
LYG
Sec Filings
- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- LYG's page on the SEC website