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Lloyds TSB set to ignore government guidelines

In a move which is sure to cause serious concern in the corridors of power it has been revealed that Lloyds TSB will be making very few changes in the light of the taxpayer bailout. Claims that employees will receive no bonuses, nor pay rises and restrictions on trade will be introduced have seriously backfired on the UK government and this could be Gordon Brown's Armageddon.

Despite pressure from all sides we've seen the likes of Lloyds TSB step forward and ensure shareholders that it is literally business as usual and there will be no material change in the way they operate now or in the medium to longer term. While some taxpayers will not believe the situation is happening there are many damaging headlines to come as when the banks approached the bonus season.

Now that the UK banking sector is in receipt of the rescue fund money, or in many cases where it has been promised, there is very little which the UK government can do to exert any more pressure. If they intervene now, and pull out of the rescue package, the sector could collapse and we would be back to square one except with fewer options than before.

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