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UK banking giant Lloyds and insurer Direct Line have both confirmed they will cut hundreds of jobs. Lloyds Banking Group has confirmed it will slash the equivalent of 780 full-time jobs this year across its branch network. Among the roles to go are customer advisers, banking consultants and branch managers. Direct Line is telling staff about plans for 800 job losses across various sites between 2021 and 2022. One of its regional offices will close, but the location has yet to be revealed. It has numerous sites, including its headquarters in Bromley, as well as Doncaster, Leeds, Manchester, Bristol and Ipswich. The firm, which does not have any shops, blamed changing customer behaviour, such as the move to digital, for the cuts. Full story

26 February