Company: LLOBF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001654954-25-004952
Chunk: 10

Company: Lloyds Banking Group plc
Filing Date: 2025-05-01
Form: 6-K
Chunk 10
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 high level sensitivity to key UK economic metrics based on tariff scenarios. Subsequent developments through April were judged to relate to conditions after the balance sheet date and will be reflected in the second quarter reporting period.

UK economic assumptions – base case scenario by quarter

Key quarterly assumptions made by the Group in the base case scenario are shown below. GDP growth is presented quarter-on-quarter. House price growth, commercial real estate price growth and CPI inflation are presented year-on-year, i.e. from the equivalent quarter in the previous year. Unemployment rate and UK Bank Rate are presented as at the end of each quarter.

| At 31 March 2025                    |   First 
 quarter 
    2025 
       % |  Second 
 quarter 
    2025 
       % |   Third 
 quarter 
    2025 
       % |  Fourth 
 quarter 
    2025 
       % |   First 
 quarter 
    2026 
       % |  Second 
 quarter 
    2026 
       % |   Third 
 quarter 
    2026 
       % |  Fourth 
 quarter 
    2026 
       % |
| Gross domestic product growth       |     0.2 |     0.2 |     0.3 |     0.3 |     0.4 |     0.4 |     0.4 |     0.4 |
| Unemployment rate                   |     4.6 |     4.7 |     4.8 |     4.8 |     4.8 |     4.8 |     4.8 |     4.8 |
| House price growth                  |     3.8 |     3.8 |     2.4 |     1.7 |     1.3 |     1.7 |     1.9 |     1.8 |
| Commercial real estate price growth |     2.6 |     2.8 |     2.7 |     1.3 |     0.9 |     0.7 |     0.8 |     1.1 |
| UK Bank Rate                        |    4.50 |    4.25 |    4.00 |    4.00 |    3.75 |    3.75 |    3.50 |    3.50 |
| CPI inflation                       |