Britain’s banks are giving staff one-off crisis payments

• Nationwide, Lloyds and NatWest have all offered staff a one-time financial support package.
• The move helps in the short-term, but longer-term solutions may be needed to keep hold of staff.

LONDON — Britain’s financial sector is being urged to do more to help workers struggling with the cost-of-living crisis, despite a slew of top banking names providing one-off payments to low earners.

Nationwide announced on Aug. 15 a payment to more than 11,000 employees to help with the increasing cost of living. The payment is aimed at those earning £35,000 ($42,300) or less a year, which is 61% of the workforce.

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