Lloyds Raises Guidance But Braces for More Bad Loans

The video discusses the contrast between guidance and reported financial performance, highlighting increased guidance on return on tangible equity and net interest margins. Despite higher impairment charges in Q2, the financial performance remains robust. The speaker emphasizes confidence in the strategy and commitment to growth targets for 2024 and 2026. The discussion also covers the resilience of credit performance and economic adjustments made in response to updated economic scenarios, predicting modest growth and higher unemployment by 2025.

What economic outlook did the speaker provide for 2023?

What is the speaker's view on unemployment trends into 2025?