UK mainstream media blame Brexit for Lloyds job losses, but did they lie?

I’ve often complained online that UK mainstream media has been spinning stories and been less than truthful with the UK public, particularly when it comes to the subject of Brexit.

Our media run a heavy-handed campaign during the EU Referendum, leaving little doubt as to which side of the fence they were on.  I watched on results night and at one point I thought they’d cry on BBC as the realisation Brexit had won kicked in.

Today’s scaremongering was blatant.  Both main news channels announced that Lloyds were cutting an additional 3,000 staff and closing a further 200 branches, in addition to the 9,000 staff and 200 branches already announced a while back.  Both used headlines that suggested this was as a result of Brexit.

Sky coverage

Sky News lie over Lloyds Bank job losses, blaming it on Brexit

BBC Coverage

BBC Headline this morning

BBC Headline this morning

Blaming Brexit in the text of their article?

Blaming Brexit in the text of their article?


Lloyds themselves

The current CEO of Lloyds, Antonio Horta-Osorio, was on record as recently as February stating clearly that Lloyds would thrive outside the EU.

Lloyds CEO says they will thrive outside EU

But, the killer punch, the knockout blow to UK mainstream media spin today came early this morning, as they were putting their stories out.

Someone in Lloyds (GR whoever that may be) answered a tweet quite clearly stating that Brexit had nothing to do with the decision to increase their cost reduction plans.

Lloyds tweet stating that Brexit was not to blame for job losses

Now, you tell me. Did BBC and Sky spin this story today? Is it just another one where they failed to check sources (sources they chose not to name)?

At best, they didn’t do their homework, it would appear.

There are many reasons for these additional closures, but we can safely say they were happening, Brexit or not.

Update 12.10pm

Sky News are not even fudging the language now, they are firmly blaming Brexit for the Lloyd job losses.

Update 1.10pm

Amazing! Sky News have completely changed their approach to this story.

I rest my case m’lud.


Leave a Comment

Your e-mail address will not be published. Required fields are marked *