5 Things You Need To Know, Today, on Monday 26th October 2020

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5 Things You Need To Know, Today, on Monday 26th October 2020

5. UK regulators are considering plans to allow banks to start paying dividends again next year.

The Bank of England (BoE) and commercial banks are “bartering” a deal to allow banks to make shareholder payouts as long as their loss-absorbing capital buffers are strong and they continue to extend credit to the real economy.

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4. Lloyds Banking Group is to ask staff currently working from home as a result of the coronavirus pandemic to continue doing so until at least next spring.

Lloyds has 65,000 staff, the majority of whom are presently working remotely.

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3. Royal Mail is looking to fill a record number of temporary seasonal jobs due to a surge in online shopping during the pandemic.

It aims to hire 33,000 additional workers for the Christmas period – two-thirds more than usual.

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2. Deserted High Streets are stifling the British job market’s recovery.

Urban areas in Scotland and southern England have seen the biggest declines in job postings.

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1. A coronavirus vaccine could be rolled out to NHS staff within a few weeks, it has been reported.

An NHS trust chief sent an email to his staff saying the Health Service is preparing for a national vaccination programme before Christmas.

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