One of the last bastions of face-to-face trading in the City of London has raised the hackles of its staff by banning alcohol during working hours. Lloyd’s of London, the insurance market, has issued new guidance to its 800 employees that includes a 9-5 prohibition on drinking alcohol. The ban only applies to Lloyd’s staff, rather than the insurance brokers and underwriters who do business in the 329-year-old market. Lloyd’s said that the move, introduced as part of a regular update to staff rules, is designed to bring the institution in line with others in the industry, rather than being due to an increase in alcohol-related incidents. Many staff at Lloyd’s, which include accountants, lawyers, IT specialists and regulatory experts, are angry about the ban, describing it as heavy handed. If a member of staff were to be caught drinking, the issue would first be taken up with their manager. It could eventually, after a disciplinary procedure, lead to dismissal. London’s insurance mark...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.