Lloyds confirmed it is on track to achieve more than £2 billion in gross cost savings between 2022 and 2026. The banking group announced a pre-tax profit of £4.3 billion for the six months to the end of June, marking a 23 per cent increase compared to the same period last year. Lloyds confirmed it is on track to achieve more than £2 billion in gross cost savings between 2022 and 2026. provide services we've never been able to provide," he said. "So being able to provide investment advice to anyone in the UK that wants to talk to us with really well-trained agents.