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Breaking news: Lloyds bank plans to cut 3000 jobs and shut 200 branches

Lloyds Bank plans to cut 3000 jobs and close 200 branches post Brexit. The bank is preparing to cut interest rates following Britain's decision to quit the European Union.

The news follows an announcement by the lender in April that it planned to axe hundreds of jobs and close 21 branches during July.

Given the uncertainty, it is too early to determine the impact on our formal longer term guidance at this stage.

However, while the business will remain highly capital generative, it is possible that this capital generation may be somewhat lower in future years than previously guided.


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Remember, deals can change quickly, even while I’m on the programme. So always double-check the terms and conditions before spending. Plus, while I hope these deals will save you cash, don’t spend if you can’t afford it, don’t need it, or won’t use it.

Five headlines you're waking up to this morning

Barack Obama and Democratic President Nominee Hillary Clinton

  1. Barack Obama passes the torch to Hillary Clinton. During a heartfelt address on the third night of the Democratic National Convention, the US president boldly stated that Mrs Clinton was more qualified than even himself and former president Bill Clinton to lead the country, explaining: "There has never been a man or a woman - not me, not Bill, nobody - more qualified than Hillary Clinton to serve as president of the United States of America."

  2. There has been a breakthrough in the treatment of Alzheimer's disease with a drug that could slow or even stop the disease. Results from drugs trials report that the treatments helped stall the mental decline of participants and key areas of their brains shrank a third less than other trial participants.

  3. A woman who was abondoned in a phone box when she was hours old, has been reunited with the man who found her. Kiran Sheikh wants to thank the stranger who saved her in the middle of the night 22 years ago.

  4. House prices will climb by £40,000 in the next five years, despite the effects of Brexit. The Centre for Economics and Business Research say things will slow in the next few months before picking up into 2017.

  5. There are calls to boycott burger restaurant chain Byron after claims it helped the Home Office deport it's own members of staff. Employees were invited to a health and safety meeting which lead to arrest of 35 people for suspected immigration offences.

Your biological clock could be longer than you think

It's really not until you get to about 44, 45 that there's a really sharp turn off

– Prof Robert Winston says women are fertile for longer than we're led to believe

He's a doctor, a scientist, a broadcaster... and proud dad of James Corden's producer, who just happens to be best mates with Harry Styles!

There was much to chat about with Professor Robert Winston this morning, including his new science book for children, his views on Brexit and why women in their 30s might not be leaving it too late to have children after all.

He told Piers and Susanna that despite regular reports that women are risking missing out on parenthood by delaying conception, there is a "conflict of interest" with private clinics wanting to start fertility treatment on younger women.

"Actually, even at the age of 40, your chances of getting pregnant spontaneously are pretty good if you keep trying", he told us.

"It's really not until you get to about 44, 45 that there's a really sharp turn off."

F1 boss's mother-in-law kidnapped in Brazil

It is a daily outcome out there

– Mark Harris, hostage negotiator

As the mother-in-law of Formula One tycoon Bernie Ecclestone is held hostage by kidnappers in Sao Paulo, who are reportedly demanding around $36.5 million in ransom, we speak to hostage negotiator Mark Harris.

Aparecida Schunck, the mother of Ecclestone's third wife, Fabiana Flosi, was seized on Friday night, Brazilian news magazine Veja and other news organisations have said.

We discuss the chance of her safe return and whether the F1 chief is likely to give the kidnappers what they want - plus the overall unrest in Brazil and what it could mean for the forthcoming Olympics.

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Why Obama's half-brother is voting for Trump

In an exclusive interview with Good Morning Britain, President Obama's half-brother Malik Obama has revealed that he'll be voting for Donald Trump in this year's US presidential election.

He believes a vote for the Republican will make America great again - saying Donald Trump "speaks from the heart" and provides "something fresh".

The 58 year old also describes the rather lengthy process of booking time to see his sibling.

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