Lloyds and Direct Line to cut hundreds of jobs

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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…

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