The lender said its statutory pre-tax profit for the first three months of the year hit £1.6 billion.
Uncertainties remain over whether the early years sector can expand and deliver enough places ahead of September 2025, the National Audit Office said.
LLOYDS Bank offered a “steady as she goes” take on the UK economy as it reported a 28% fall in first quarter profits to £1.6 billion. With fears about rising mortgage costs – and therefore higher defaults – swirling, Britain’s biggest bank insisted it will keep supporting customers. Lloyds shares have been in the doldrums for years.
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