The majority of the electorate, who voted to leave the EU, are to blame for Lloyd’s bank having to cut 3,000 jobs and close 200 branches, according to its £8.5 million a year CEO, Antonio Horta-Osorio. This is despite his claim that Lloyds were “in a strong position to withstand the uncertainty” he says has been caused by the Brexit vote.

Horta-Osorio has not said whether the savings made by his job cuts and branch closures will be used to improve customer service, to donate to charity or to fund even more generous salaries, bonuses, expenses and pensions for himself and his management team.

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