THE reeling economy suffered a fresh blow today with the news that Lloyds Banking Group is to axe more than 500 posts and close one of its sites.

THE reeling economy suffered a fresh blow today with the news that Lloyds Banking Group is to axe more than 500 posts and close one of its sites.

A former Halifax processing centre near Chatham in Kent will close with the loss of 210 jobs, 30 jobs will be lost in London and a similar number in Birmingham, while the rest will be spread across the country.