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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_lyg_DisclosureOfExpensesAbstract_019f128c-b45a-7b8c-b08d-4aea5f9c5908_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses</link:label>
    <link:label id="lab_lyg_DisclosureOfExpensesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Expenses [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfExpensesAbstract_documentation_en-US" xlink:label="lab_lyg_DisclosureOfExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">No definition available.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfExpensesAbstract" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfExpensesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfExpensesAbstract" xlink:to="lab_lyg_DisclosureOfExpensesAbstract" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_DerivativesMember_019f128c-b45a-72b6-ad48-0a9877425f1f_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativesMember_label_en-US" xlink:label="lab_ifrs-full_DerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativesMember" xlink:to="lab_ifrs-full_DerivativesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019f128c-b3cd-7dfb-9bf6-c4ac00d70e17_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial assets carried at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy_019f1e65-5085-73c3-85f0-c9070cddc81a_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Non-deductible costs: bank levy</link:label>
    <link:label id="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy_label_en-US" xlink:label="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Effect Of Expense Not Deductible In Determining Taxable Profit (Tax Loss), Bank Levy</link:label>
    <link:label id="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy_documentation_en-US" xlink:label="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Effect Of Expense Not Deductible In Determining Taxable Profit (Tax Loss), Bank Levy</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy" xlink:href="lyg-20260630.xsd#lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy" xlink:to="lab_lyg_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLossBankLevy" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpense_019f128c-b45a-7e01-bf2a-8e43d5472ac4_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpense_label_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpense" xlink:to="lab_ifrs-full_InterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinalDividendMember_019f128c-b45a-7652-916f-0837a4947d2c_terseLabel_en-US" xlink:label="lab_lyg_FinalDividendMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Final dividend</link:label>
    <link:label id="lab_lyg_FinalDividendMember_label_en-US" xlink:label="lab_lyg_FinalDividendMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Final Dividend [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinalDividendMember" xlink:href="lyg-20260630.xsd#lyg_FinalDividendMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinalDividendMember" xlink:to="lab_lyg_FinalDividendMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeMember_019f128c-b3cd-7efb-82f8-87399dd4c7c7_terseLabel_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:label id="lab_srt_RangeMember_label_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeMember" xlink:to="lab_srt_RangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities_019f128c-b3cd-739c-9cf2-718f2e2cfc2d_negatedLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Losses (gains) recognised in the income statement within other income</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss excluding exchange differences, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RateOfInflationAbstract_019f128c-b45a-723b-9dec-97d524a36e70_terseLabel_en-US" xlink:label="lab_lyg_RateOfInflationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rate of inflation:</link:label>
    <link:label id="lab_lyg_RateOfInflationAbstract_label_en-US" xlink:label="lab_lyg_RateOfInflationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate Of Inflation [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RateOfInflationAbstract" xlink:href="lyg-20260630.xsd#lyg_RateOfInflationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RateOfInflationAbstract" xlink:to="lab_lyg_RateOfInflationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019f128c-b3cd-7412-a8bd-21d6cb666b2c_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IntersegmentIncome_019f128c-b45a-723a-97db-d65eb70b03ac_verboseLabel_en-US" xlink:label="lab_lyg_IntersegmentIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inter-segment (expense) income</link:label>
    <link:label id="lab_lyg_IntersegmentIncome_label_en-US" xlink:label="lab_lyg_IntersegmentIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment Income</link:label>
    <link:label id="lab_lyg_IntersegmentIncome_documentation_en-US" xlink:label="lab_lyg_IntersegmentIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"></link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IntersegmentIncome" xlink:href="lyg-20260630.xsd#lyg_IntersegmentIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IntersegmentIncome" xlink:to="lab_lyg_IntersegmentIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExternalIncome_019f128c-b3cd-71d8-ba01-781f27614586_terseLabel_en-US" xlink:label="lab_lyg_ExternalIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External income</link:label>
    <link:label id="lab_lyg_ExternalIncome_label_en-US" xlink:label="lab_lyg_ExternalIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">External Income</link:label>
    <link:label id="lab_lyg_ExternalIncome_documentation_en-US" xlink:label="lab_lyg_ExternalIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">External Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExternalIncome" xlink:href="lyg-20260630.xsd#lyg_ExternalIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExternalIncome" xlink:to="lab_lyg_ExternalIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WagesAndSalaries_019f128c-b45a-7682-b68e-375a09f07ee7_terseLabel_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Salaries and social security costs</link:label>
    <link:label id="lab_ifrs-full_WagesAndSalaries_label_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wages and salaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WagesAndSalaries" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WagesAndSalaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WagesAndSalaries" xlink:to="lab_ifrs-full_WagesAndSalaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_019f128c-b45a-7f4b-b4a5-3bf8ade6743b_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total dividends paid</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid, ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidOrdinaryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOrdinaryShares" xlink:to="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToBanks_019f128c-b45a-77d4-8961-44de7ee70565_verboseLabel_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToBanks" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to banks</link:label>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToBanks_019f128c-b45a-7f35-a6cf-da46d845c9d1_terseLabel_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToBanks" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to banks</link:label>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToBanks_label_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and advances to banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToBanks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToBanks" xlink:to="lab_ifrs-full_LoansAndAdvancesToBanks" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_019f128c-b3cd-7fc8-8373-7af3f3f64428_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_019f128c-b45a-7e6f-b3c5-77dc3355835e_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_019f128c-b45a-7da1-9657-083f19a706b4_negatedLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Underlying operating costs</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_019f128c-b45a-7798-9e9e-c652c28ebd16_totalLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_label_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingExpense" xlink:to="lab_ifrs-full_OperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MotorCommissionReviewMember_019f128c-b318-7f5a-9dc1-24dbe7443d6e_terseLabel_en-US" xlink:label="lab_lyg_MotorCommissionReviewMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Motor Commission review</link:label>
    <link:label id="lab_lyg_MotorCommissionReviewMember_label_en-US" xlink:label="lab_lyg_MotorCommissionReviewMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Motor Commission Review [Member]</link:label>
    <link:label id="lab_lyg_MotorCommissionReviewMember_documentation_en-US" xlink:label="lab_lyg_MotorCommissionReviewMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Motor Commission Review</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MotorCommissionReviewMember" xlink:href="lyg-20260630.xsd#lyg_MotorCommissionReviewMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MotorCommissionReviewMember" xlink:to="lab_lyg_MotorCommissionReviewMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock_019f128c-b318-79fa-9415-d143c8bde792_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of derivative financial instruments</link:label>
    <link:label id="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Total Derivative Financial Instruments [Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock" xlink:to="lab_lyg_DisclosureOfTotalDerivativeFinancialInstrumentsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable_019f128c-b45a-70bb-a878-d3b5fe179bc9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of liabilities [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_019f128c-b45a-7fe7-a68e-caa6ed24bc54_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid to ordinary shareholders</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid to equity holders of parent, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis_019f128c-b318-7a98-8b0d-2200892f2c3e_terseLabel_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net defined benefit liability (asset) [axis]</link:label>
    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis_label_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net defined benefit liability (asset) [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:to="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalCostsNetOfInsuranceClaims_019f128c-b45a-7c5a-82a1-cf03e57f73b0_negatedTotalLabel_en-US" xlink:label="lab_lyg_TotalCostsNetOfInsuranceClaims" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total underlying costs</link:label>
    <link:label id="lab_lyg_TotalCostsNetOfInsuranceClaims_label_en-US" xlink:label="lab_lyg_TotalCostsNetOfInsuranceClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Costs Net Of Insurance Claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalCostsNetOfInsuranceClaims" xlink:href="lyg-20260630.xsd#lyg_TotalCostsNetOfInsuranceClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalCostsNetOfInsuranceClaims" xlink:to="lab_lyg_TotalCostsNetOfInsuranceClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChangeInOperatingLiabilities_019f128c-b45a-770c-8210-7b15a192c62f_terseLabel_en-US" xlink:label="lab_lyg_ChangeInOperatingLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in operating liabilities</link:label>
    <link:label id="lab_lyg_ChangeInOperatingLiabilities_label_en-US" xlink:label="lab_lyg_ChangeInOperatingLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Operating Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangeInOperatingLiabilities" xlink:href="lyg-20260630.xsd#lyg_ChangeInOperatingLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChangeInOperatingLiabilities" xlink:to="lab_lyg_ChangeInOperatingLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions_019f128c-b3cd-78a3-b170-f32e758cc587_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share buyback</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Share Buy Back Transactions</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in equity resulting from share buy back transactions.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:href="lyg-20260630.xsd#lyg_IncreaseDecreaseThroughShareBuyBackTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:to="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading_019f128c-b3cd-79b9-a58b-5a32811f42d2_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial assets held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:to="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_019f128c-b3cd-7061-8d64-6cb64d945742_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other non-deductible costs</link:label>
    <link:label id="lab_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax effect of expense not deductible in determining taxable profit (tax loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:to="lab_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses_019f128c-b45a-757d-b680-bd67c11332ad_terseLabel_en-US" xlink:label="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts reported within insurance service expenses</link:label>
    <link:label id="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses_label_en-US" xlink:label="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense, Amounts Reported In Insurance Service Expenses</link:label>
    <link:label id="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses_documentation_en-US" xlink:label="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense, Amounts Reported In Insurance Service Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses" xlink:href="lyg-20260630.xsd#lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses" xlink:to="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfImpairmentTableTextBlock_019f128c-b3cd-72b7-8e7e-452cdd0b6fcb_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfImpairmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of impairment</link:label>
    <link:label id="lab_lyg_ScheduleOfImpairmentTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfImpairmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Impairment [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfImpairmentTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfImpairmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"></link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfImpairmentTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfImpairmentTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfImpairmentTableTextBlock" xlink:to="lab_lyg_ScheduleOfImpairmentTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_019f128c-b45a-7357-946e-fe51e27e618b_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_ifrs-full_Equity_019f128c-b45a-7a6c-8837-796b05f6d488_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ifrs-full_Equity_019f128c-b45a-7414-9057-4a31a2f97134_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ifrs-full_Equity_label_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_019f128c-b3cd-7018-af1e-ea26c4d7b261_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_019faeb0-2e01-77bb-ada8-9a84e463f5f0_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fair value of liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CreditCardsMember_019f128c-b45a-7a41-8e4f-93ded31d3ee9_terseLabel_en-US" xlink:label="lab_lyg_CreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit cards</link:label>
    <link:label id="lab_lyg_CreditCardsMember_label_en-US" xlink:label="lab_lyg_CreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Cards [Member]</link:label>
    <link:label id="lab_lyg_CreditCardsMember_documentation_en-US" xlink:label="lab_lyg_CreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit Cards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditCardsMember" xlink:href="lyg-20260630.xsd#lyg_CreditCardsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditCardsMember" xlink:to="lab_lyg_CreditCardsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds_019f128c-b45a-7f93-8f8d-c52f4f6e8199_terseLabel_en-US" xlink:label="lab_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash deposits</link:label>
    <link:label id="lab_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds_label_en-US" xlink:label="lab_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Deposits Held Restricted In Use To Securitisation And Covered Bonds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds" xlink:href="lyg-20260630.xsd#lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds" xlink:to="lab_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_019f128c-b45a-79d3-9596-0105bbcfde20_negatedTerseLabel_en-US" xlink:label="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Current tax</link:label>
    <link:label id="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:href="lyg-20260630.xsd#lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
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    <link:label id="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember_019f128c-b318-7a69-963f-d7d57b1a5fd4_terseLabel_en-US" xlink:label="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total ECL</link:label>
    <link:label id="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember_label_en-US" xlink:label="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected Credit Losses Individually And Collectively Assessed, Including Judgements Applied [Member]</link:label>
    <link:label id="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember_documentation_en-US" xlink:label="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected Credit Losses Individually And Collectively Assessed, Including Judgements Applied</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember" xlink:href="lyg-20260630.xsd#lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember" xlink:to="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherEquityInterest_019f128c-b45a-74fd-b294-4dc350cfe25c_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherEquityInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other equity instruments</link:label>
    <link:label id="lab_ifrs-full_OtherEquityInterest_label_en-US" xlink:label="lab_ifrs-full_OtherEquityInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other equity interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterest" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherEquityInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEquityInterest" xlink:to="lab_ifrs-full_OtherEquityInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_019f128c-b3cd-7a51-9dde-6a09b54314ce_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Fair value, net of tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_019f128c-b3cd-7b62-b561-0b140f4decb3_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity shares</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) from investments in equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments"/>
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    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_019f128c-b3cd-797c-8fb9-c696146c3ecb_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sales/repayments</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExternalOperatingLeaseDepreciation_019f128c-b3cd-729a-a5fe-2337f4708b4f_negatedTerseLabel_en-US" xlink:label="lab_lyg_ExternalOperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">External operating lease depreciation</link:label>
    <link:label id="lab_lyg_ExternalOperatingLeaseDepreciation_label_en-US" xlink:label="lab_lyg_ExternalOperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">External Operating Lease Depreciation</link:label>
    <link:label id="lab_lyg_ExternalOperatingLeaseDepreciation_documentation_en-US" xlink:label="lab_lyg_ExternalOperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">External Operating Lease Depreciation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExternalOperatingLeaseDepreciation" xlink:href="lyg-20260630.xsd#lyg_ExternalOperatingLeaseDepreciation"/>
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    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_019f128c-b318-7139-9d69-ef324c04645b_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of financial assets</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of financial instruments, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
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    <link:label id="lab_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable_019f128c-b45a-75a1-9371-2a0ae5075004_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Retirement Benefits Recognised in Balance Sheet [Table]</link:label>
    <link:label id="lab_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable_label_en-US" xlink:label="lab_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Retirement Benefits Recognised In Balance Sheet [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable" xlink:to="lab_lyg_ScheduleOfRetirementBenefitsRecognisedInBalanceSheetTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset_019f128c-b3cd-7122-bdc7-1568c347d81f_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes that relate to past service: adjustment to liabilities for incurred claims</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)</link:label>
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    <link:label id="lab_lyg_TaxExemptGainsOnDisposals_019f128c-b3cd-7942-8e1d-d63af419e9dc_terseLabel_en-US" xlink:label="lab_lyg_TaxExemptGainsOnDisposals" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax-exempt gains on disposals</link:label>
    <link:label id="lab_lyg_TaxExemptGainsOnDisposals_label_en-US" xlink:label="lab_lyg_TaxExemptGainsOnDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax-Exempt Gains On Disposals</link:label>
    <link:label id="lab_lyg_TaxExemptGainsOnDisposals_documentation_en-US" xlink:label="lab_lyg_TaxExemptGainsOnDisposals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax exempt gains on disposals</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxExemptGainsOnDisposals" xlink:href="lyg-20260630.xsd#lyg_TaxExemptGainsOnDisposals"/>
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    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterTwoMember_019f128c-b3cd-7a84-aab2-b493cf3f1385_terseLabel_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Second quarter 2027 %</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterTwoMember_label_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter Two [Member]</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterTwoMember_documentation_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OneYearAfterReportingYearQuarterTwoMember" xlink:href="lyg-20260630.xsd#lyg_OneYearAfterReportingYearQuarterTwoMember"/>
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    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_019f128c-b45a-75e9-a70a-6bd0be9ba647_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and other intangible assets</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk_019f128c-b3cd-77ae-a1b4-aa9b7dbaeba8_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in risk adjustments for non-financial risk for risk expired</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue, change in risk adjustment for non-financial risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk"/>
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    <link:label id="lab_lyg_UncertaintyOfRecoveryRatesMember_019f128c-b3cd-72d2-8d12-f1db103cd379_terseLabel_en-US" xlink:label="lab_lyg_UncertaintyOfRecoveryRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Uncertainty of recovery rates</link:label>
    <link:label id="lab_lyg_UncertaintyOfRecoveryRatesMember_label_en-US" xlink:label="lab_lyg_UncertaintyOfRecoveryRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uncertainty Of Recovery Rates [Member]</link:label>
    <link:label id="lab_lyg_UncertaintyOfRecoveryRatesMember_documentation_en-US" xlink:label="lab_lyg_UncertaintyOfRecoveryRatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Uncertainty Of Recovery Rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UncertaintyOfRecoveryRatesMember" xlink:href="lyg-20260630.xsd#lyg_UncertaintyOfRecoveryRatesMember"/>
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    <link:label id="lab_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock_019f2375-e024-781c-b8ba-baef499230f8_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Movement in Subordinated Liabilities</link:label>
    <link:label id="lab_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Movement in Subordinated Liabilities [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Movement in Subordinated Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfMovementInSubordinatedLiabilitiesTableTextBlock"/>
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    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
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    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_019f128c-b3cd-7cb8-8117-acd021c8de1f_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityLineItems"/>
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    <link:label id="lab_ifrs-full_OtherAssets_019f128c-b45a-7f70-9ca8-62dbb2858c06_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_ifrs-full_OtherAssets_label_en-US" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssets" xlink:to="lab_ifrs-full_OtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_019f128c-b318-7771-bc7b-56ad4e3c0251_terseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember_019f128c-b3cd-7f7a-8084-9cfaaaab9568_terseLabel_en-US" xlink:label="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital commitments excluding investment property</link:label>
    <link:label id="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember_label_en-US" xlink:label="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Commitments Exclusing Investment Property [Member]</link:label>
    <link:label id="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember_documentation_en-US" xlink:label="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital Commitments Exclusing Investment Property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember" xlink:href="lyg-20260630.xsd#lyg_CapitalCommitmentsExclusingInvestmentPropertyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember" xlink:to="lab_lyg_CapitalCommitmentsExclusingInvestmentPropertyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CategoriesOfCommitmentsDomain_019f26e2-aa4f-7377-8cfb-6b9b8c1b7c1d_terseLabel_en-US" xlink:label="lab_lyg_CategoriesOfCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of Commitments [Domain]</link:label>
    <link:label id="lab_lyg_CategoriesOfCommitmentsDomain_label_en-US" xlink:label="lab_lyg_CategoriesOfCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of Commitments [Domain]</link:label>
    <link:label id="lab_lyg_CategoriesOfCommitmentsDomain_documentation_en-US" xlink:label="lab_lyg_CategoriesOfCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Categories of Commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CategoriesOfCommitmentsDomain" xlink:href="lyg-20260630.xsd#lyg_CategoriesOfCommitmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CategoriesOfCommitmentsDomain" xlink:to="lab_lyg_CategoriesOfCommitmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EconomicAssumptionPeriodDomain_019f128c-b3cd-7a71-b8e8-e7eca9cd6428_terseLabel_en-US" xlink:label="lab_lyg_EconomicAssumptionPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Economic Assumption Period [Domain]</link:label>
    <link:label id="lab_lyg_EconomicAssumptionPeriodDomain_label_en-US" xlink:label="lab_lyg_EconomicAssumptionPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Economic Assumption Period [Domain]</link:label>
    <link:label id="lab_lyg_EconomicAssumptionPeriodDomain_documentation_en-US" xlink:label="lab_lyg_EconomicAssumptionPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Economic Assumption Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EconomicAssumptionPeriodDomain" xlink:href="lyg-20260630.xsd#lyg_EconomicAssumptionPeriodDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EconomicAssumptionPeriodDomain" xlink:to="lab_lyg_EconomicAssumptionPeriodDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_019f26f2-3927-77b9-977a-329d4809f703_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Max down</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_019f128c-b318-72e8-82ab-441bd54bbb9e_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue</link:label>
    <link:label id="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_label_en-US" xlink:label="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:to="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_019f128c-b3cd-7cae-8c46-a6bf7ecc12e1_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TransactionsWithOwnersAbstract_019f128c-b3cd-7f8a-8689-48d8e3a428f1_terseLabel_en-US" xlink:label="lab_lyg_TransactionsWithOwnersAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transactions with owners</link:label>
    <link:label id="lab_lyg_TransactionsWithOwnersAbstract_label_en-US" xlink:label="lab_lyg_TransactionsWithOwnersAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transactions With Owners [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransactionsWithOwnersAbstract" xlink:href="lyg-20260630.xsd#lyg_TransactionsWithOwnersAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TransactionsWithOwnersAbstract" xlink:to="lab_lyg_TransactionsWithOwnersAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_019f128c-b45a-7d5f-80a7-7a6bc44ae319_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019f128c-b3cd-7939-b0b8-2302dff8a027_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit attributable to equity holders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock_019f128c-b3cd-7a24-b464-a54c872698db_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of operating expenses</link:label>
    <link:label id="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Operating Expenses [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Operating Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfOperatingExpensesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfOperatingExpensesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfOperatingExpensesTableTextBlock" xlink:to="lab_lyg_ScheduleOfOperatingExpensesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds_019f128c-b45a-7b61-b802-918adad0e759_terseLabel_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net investment return on assets held to back third party interests in consolidated funds</link:label>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds_label_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Investment Return on Assets Held to Back Third Party Interests in Consolidated Funds</link:label>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds_documentation_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Investment Return on Assets Held to Back Third Party Interests in Consolidated Funds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds" xlink:href="lyg-20260630.xsd#lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds" xlink:to="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_019f128c-b45a-7b4f-88e7-01306956bd80_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f128c-b3cd-7f9e-9ce3-34fb3a183bb8_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss, mandatorily measured at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss, mandatorily measured at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentYearQuarterThreeMember_019f128c-b3cd-76be-8c24-fcb3c9013606_terseLabel_en-US" xlink:label="lab_lyg_CurrentYearQuarterThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Third quarter 2026 %</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterThreeMember_label_en-US" xlink:label="lab_lyg_CurrentYearQuarterThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year Quarter Three [Member]</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterThreeMember_documentation_en-US" xlink:label="lab_lyg_CurrentYearQuarterThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Year Quarter Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentYearQuarterThreeMember" xlink:href="lyg-20260630.xsd#lyg_CurrentYearQuarterThreeMember"/>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f128c-b3cd-7dd5-b63e-0f3df7d920a5_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss that meet definition of held for trading</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss that meet definition of held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityInstrumentsHeld_019f128c-b3cd-7aec-a678-cbc8140b4131_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity shares</link:label>
    <link:label id="lab_ifrs-full_EquityInstrumentsHeld_label_en-US" xlink:label="lab_ifrs-full_EquityInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity instruments held</link:label>
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    <link:label id="lab_lyg_MarketAndOtherVolatilityMember_019f128c-b318-7a8d-9fb6-cbf3fbfa864c_terseLabel_en-US" xlink:label="lab_lyg_MarketAndOtherVolatilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Volatility and other items</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_MarketAndOtherVolatilityMember" xlink:href="lyg-20260630.xsd#lyg_MarketAndOtherVolatilityMember"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory_019f128c-b318-7a6b-a890-5f338d04c322_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions</link:label>
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    <link:label id="lab_ifrs-full_DefinedBenefitPlansAxis_019f128c-b3cd-708c-ac28-0de0277b0d72_terseLabel_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined benefit plans [axis]</link:label>
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    <link:label id="lab_lyg_SharedAppreciationRightsMember_label_en-US" xlink:label="lab_lyg_SharedAppreciationRightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shared Appreciation Rights [Member]</link:label>
    <link:label id="lab_lyg_SharedAppreciationRightsMember_documentation_en-US" xlink:label="lab_lyg_SharedAppreciationRightsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Shared Appreciation Rights</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SharedAppreciationRightsMember" xlink:href="lyg-20260630.xsd#lyg_SharedAppreciationRightsMember"/>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f128c-b45a-7404-875d-583b656e3313_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryTableTextBlock_019f128c-b3cd-7df6-8262-588c47ded90e_verboseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Schedule of fee and commission income</link:label>
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    <link:label id="lab_lyg_OtherJudgementsNettingMember_documentation_en-US" xlink:label="lab_lyg_OtherJudgementsNettingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Judgements, Netting</link:label>
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    <link:label id="lab_ifrs-full_CashFlowHedgesMember_019f128c-b3cd-77cd-8d12-9a1103e27510_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow hedges</link:label>
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    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_019f128c-b45a-7c0c-b776-95a71851a968_terseLabel_en-US" xlink:label="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers into the level 3 portfolio</link:label>
    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_label_en-US" xlink:label="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers into Level 3 of fair value hierarchy, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets"/>
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    <link:label id="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis_019f128c-b318-7ef1-ad23-c514f9ce54d0_terseLabel_en-US" xlink:label="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Continuing and discontinued operations [axis]</link:label>
    <link:label id="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis_label_en-US" xlink:label="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing and discontinued operations [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:to="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock_019f128c-b45a-79c7-ade6-505aebffdf5e_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of insurance service result</link:label>
    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Analysis Of Insurance Service Result Explanatory [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Analysis Of Insurance Service Result Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:to="lab_lyg_DisclosureOfAnalysisOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_019f128c-b3cd-77a9-b184-7fe57a48ca57_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssets" xlink:to="lab_ifrs-full_DeferredTaxAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory_019f128c-b3cd-7d9a-b4dc-2c864422ab4d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance business</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of insurance contracts [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInsuranceContractsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_019f128c-b3cd-7831-ac40-33ba3ac512d0_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterestsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterestsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember" xlink:to="lab_ifrs-full_NoncontrollingInterestsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_019f128c-b3cd-79e1-855c-561188acac14_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income attributable to non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremium_019f128c-b318-7ef3-8bd2-c7aa9e2be7ed_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share premium account</link:label>
    <link:label id="lab_ifrs-full_SharePremium_label_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharePremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremium" xlink:to="lab_ifrs-full_SharePremium" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_019f128c-b3cd-7b68-a359-43d3c4741438_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows used in financing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember_019f128c-b3cd-7142-9e26-81c0bc073688_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total life</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts other than those to which premium allocation approach has been applied [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:to="lab_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateVolatilityMember_019f128c-b3cd-7d7b-a31f-e8e422838611_terseLabel_en-US" xlink:label="lab_lyg_InterestRateVolatilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate ATM volatility</link:label>
    <link:label id="lab_lyg_InterestRateVolatilityMember_label_en-US" xlink:label="lab_lyg_InterestRateVolatilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Volatility [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateVolatilityMember" xlink:href="lyg-20260630.xsd#lyg_InterestRateVolatilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateVolatilityMember" xlink:to="lab_lyg_InterestRateVolatilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable_019f128c-b3cd-724d-9a5c-ff845fd70b79_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable_019f128c-b45a-70ca-b5f5-d374ddd9f5df_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance revenue [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance revenue [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_019f128c-b45a-75ce-aaef-55ceb023eb3b_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remeasurement</link:label>
    <link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_BaseCaseMember_019f128c-b45a-7c4e-9e0a-af154db83f24_terseLabel_en-US" xlink:label="lab_lyg_BaseCaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Base case</link:label>
    <link:label id="lab_lyg_BaseCaseMember_label_en-US" xlink:label="lab_lyg_BaseCaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Base Case [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BaseCaseMember" xlink:href="lyg-20260630.xsd#lyg_BaseCaseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_BaseCaseMember" xlink:to="lab_lyg_BaseCaseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForInterestExpense_019f128c-b318-784c-be21-488b4280787b_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForInterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for interest expense</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForInterestExpense_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForInterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for interest expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForInterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForInterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForInterestExpense" xlink:to="lab_ifrs-full_AdjustmentsForInterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MortgageAccountsInSpecificSegmentsMember_019f128c-b45a-76a6-ae0f-a75736d775e6_terseLabel_en-US" xlink:label="lab_lyg_MortgageAccountsInSpecificSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage accounts in specific segments</link:label>
    <link:label id="lab_lyg_MortgageAccountsInSpecificSegmentsMember_label_en-US" xlink:label="lab_lyg_MortgageAccountsInSpecificSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Accounts In Specific Segments [Member]</link:label>
    <link:label id="lab_lyg_MortgageAccountsInSpecificSegmentsMember_documentation_en-US" xlink:label="lab_lyg_MortgageAccountsInSpecificSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Accounts In Specific Segments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MortgageAccountsInSpecificSegmentsMember" xlink:href="lyg-20260630.xsd#lyg_MortgageAccountsInSpecificSegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MortgageAccountsInSpecificSegmentsMember" xlink:to="lab_lyg_MortgageAccountsInSpecificSegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MovementsInRevaluationReserveInRespectOfFinancialAssetsHeldAtFairValueThroughOtherComprehensiveIncomeNetOfTaxAbstract_019f128c-b45a-7ea8-9b29-b8353ca3b398_terseLabel_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfFinancialAssetsHeldAtFairValueThroughOtherComprehensiveIncomeNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movements in revaluation reserve in respect of FVOCI assets, net of tax:</link:label>
    <link:label id="lab_lyg_MovementsInRevaluationReserveInRespectOfFinancialAssetsHeldAtFairValueThroughOtherComprehensiveIncomeNetOfTaxAbstract_label_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfFinancialAssetsHeldAtFairValueThroughOtherComprehensiveIncomeNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movements In Revaluation Reserve In Respect Of Financial Assets Held At Fair Value Through Other Comprehensive Income, Net Of Tax [Abstract]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
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    <link:label id="lab_ifrs-full_RetainedEarnings_label_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
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    <link:label id="lab_ifrs-full_MeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementDomain"/>
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    <link:label id="lab_lyg_OtherComponentsOfInsuranceContractsMember_019f128c-b3cd-710e-8666-2f14239eb28b_terseLabel_en-US" xlink:label="lab_lyg_OtherComponentsOfInsuranceContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other &#163;m</link:label>
    <link:label id="lab_lyg_OtherComponentsOfInsuranceContractsMember_label_en-US" xlink:label="lab_lyg_OtherComponentsOfInsuranceContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Components of Insurance Contracts [Member]</link:label>
    <link:label id="lab_lyg_OtherComponentsOfInsuranceContractsMember_documentation_en-US" xlink:label="lab_lyg_OtherComponentsOfInsuranceContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Components of Insurance Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherComponentsOfInsuranceContractsMember" xlink:href="lyg-20260630.xsd#lyg_OtherComponentsOfInsuranceContractsMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems_019f128c-b45a-78c2-9cc6-e5084afd501c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]</link:label>
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    <link:label id="lab_lyg_NumberOfSharesRepurchased_019fa893-b89b-7f8e-ad29-f3603a7a2fc1_terseLabel_en-US" xlink:label="lab_lyg_NumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares repurchased (in shares)</link:label>
    <link:label id="lab_lyg_NumberOfSharesRepurchased_label_en-US" xlink:label="lab_lyg_NumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Repurchased</link:label>
    <link:label id="lab_lyg_NumberOfSharesRepurchased_documentation_en-US" xlink:label="lab_lyg_NumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfSharesRepurchased" xlink:href="lyg-20260630.xsd#lyg_NumberOfSharesRepurchased"/>
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    <link:label id="lab_dei_DocumentFiscalPeriodFocus_019f128c-b3cd-7fe7-b878-71e801de5c81_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document fiscal period focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus"/>
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    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_019f128c-b45a-7118-8bb9-63795babacfe_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantUnobservableInputAssets"/>
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    <link:label id="lab_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract_019f128c-b45a-724b-a411-1d654739f355_terseLabel_en-US" xlink:label="lab_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains and losses attributable to own credit risk:</link:label>
    <link:label id="lab_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract_label_en-US" xlink:label="lab_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains And Losses Attributable To Own Credit Risk [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract" xlink:href="lyg-20260630.xsd#lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsAndOtherIncurredInsuranceServiceExpensesInsuranceContractsLiabilityAsset_019f128c-b45a-7832-a4a2-7d35e448d998_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsAndOtherIncurredInsuranceServiceExpensesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Incurred claims and other directly attributable expenses</link:label>
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    <link:label id="lab_ifrs-full_Assets_019f128c-b45a-776f-bc96-4226a027050d_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_ifrs-full_Assets_019f128c-b45a-77e1-b2df-bf58aa6ef7cb_verboseLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">External assets</link:label>
    <link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Assets"/>
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    <link:label id="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsTable_019f128c-b318-7659-96dc-3371ac7fb518_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Allowance Account For Credit Losses Of Financial Assets [Table]</link:label>
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    <link:label id="lab_lyg_OtherFinancialAssetsMember_019f128c-b45a-7326-8107-1f719ee1d172_terseLabel_en-US" xlink:label="lab_lyg_OtherFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_OtherFinancialAssetsMember_label_en-US" xlink:label="lab_lyg_OtherFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Financial Assets [Member]</link:label>
    <link:label id="lab_lyg_OtherFinancialAssetsMember_documentation_en-US" xlink:label="lab_lyg_OtherFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherFinancialAssetsMember" xlink:href="lyg-20260630.xsd#lyg_OtherFinancialAssetsMember"/>
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    <link:label id="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_019f128c-b45a-7256-849b-e1d326bae20e_terseLabel_en-US" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase agreements at amortised cost</link:label>
    <link:label id="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_label_en-US" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase agreements and cash collateral on securities lent</link:label>
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    <link:label id="lab_ifrs-full_ClassesOfOtherProvisionsDomain_019f128c-b45a-7150-b8b3-17e5c5c220b9_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of other provisions [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfOtherProvisionsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:to="lab_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherReservesMember_019f128c-b3cd-7389-90f9-dbc0878096ca_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
    <link:label id="lab_ifrs-full_OtherReservesMember_label_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReservesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReservesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReservesMember" xlink:to="lab_ifrs-full_OtherReservesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsByComponentsDomain_019f128c-b45a-778a-9e86-d538d4794a59_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByComponentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts by components [domain]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsByComponentsDomain_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByComponentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts by components [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsByComponentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsByComponentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsByComponentsDomain" xlink:to="lab_ifrs-full_InsuranceContractsByComponentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock_019f128c-b45a-760d-8aec-a035487eec03_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of carrying values and fair values of financial assets and liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Carrying Values And Fair Values Of Financial Assets And Financial Liabilities [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of carrying values and fair values of financial assets and financial liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:to="lab_lyg_DisclosureOfCarryingValuesAndFairValuesOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems_019f128c-b45a-722e-a94d-5c8fd214fc4f_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Principal Actuarial and Financial Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items]</link:label>
    <link:label id="lab_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems_label_en-US" xlink:label="lab_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Principal Actuarial And Financial Assumptions Used In Valuations Of Defined Benefit Pension Schemes [Line Items]</link:label>
    <link:label id="lab_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems_documentation_en-US" xlink:label="lab_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Principal Actuarial and Financial Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesLineItems"/>
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    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders_019f128c-b45a-71d4-9b95-2d2c0f5f8f1c_terseLabel_en-US" xlink:label="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income attributable to ordinary shareholders</link:label>
    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders_label_en-US" xlink:label="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income Attributable To Ordinary Shareholders</link:label>
    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders_documentation_en-US" xlink:label="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Total comprehensive income attributable to ordinary shareholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:href="lyg-20260630.xsd#lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:to="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultAxis_019f128c-b45a-7cca-915d-3af6066c709b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Probability of default [Axis]</link:label>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultAxis_label_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Probability of default [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProbabilityOfDefaultAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProbabilityOfDefaultAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProbabilityOfDefaultAxis" xlink:to="lab_ifrs-full_ProbabilityOfDefaultAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CommercialBankingMember_019f128c-b318-778e-94e7-5c5756092083_terseLabel_en-US" xlink:label="lab_lyg_CommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial Banking</link:label>
    <link:label id="lab_lyg_CommercialBankingMember_label_en-US" xlink:label="lab_lyg_CommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Banking [Member]</link:label>
    <link:label id="lab_lyg_CommercialBankingMember_documentation_en-US" xlink:label="lab_lyg_CommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the information pertaining to commercial banking.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingMember" xlink:href="lyg-20260630.xsd#lyg_CommercialBankingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialBankingMember" xlink:to="lab_lyg_CommercialBankingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_019f128c-b3cd-7234-bf15-3877c517225a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RPIMember_019f128c-b3cd-75f5-b16a-f3fc98f17568_terseLabel_en-US" xlink:label="lab_lyg_RPIMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail Price Index (RPI)</link:label>
    <link:label id="lab_lyg_RPIMember_label_en-US" xlink:label="lab_lyg_RPIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RPI [Member]</link:label>
    <link:label id="lab_lyg_RPIMember_documentation_en-US" xlink:label="lab_lyg_RPIMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the information pertaining to the Retail Price Index.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RPIMember" xlink:href="lyg-20260630.xsd#lyg_RPIMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RPIMember" xlink:to="lab_lyg_RPIMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Accounting Judgements And Estimates [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract_documentation_en-US" xlink:label="lab_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Accounting Judgements And Estimates [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract" xlink:to="lab_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsDomain_019f128c-b318-7620-beec-e6096216d1ee_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:label id="lab_ifrs-full_SegmentsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsDomain" xlink:to="lab_ifrs-full_SegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019f128c-b3cd-77b5-baac-333147bfd732_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at beginning of period</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019f128c-b3cd-70e2-a0b7-4bf4cd6028ea_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at end of period</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax_019f128c-b318-75f5-91ca-b3754445b242_negatedLabel_en-US" xlink:label="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Distributions on other equity instruments</link:label>
    <link:label id="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax_label_en-US" xlink:label="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distributions On Other Equity Instruments, Net Of Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax" xlink:href="lyg-20260630.xsd#lyg_DistributionsOnOtherEquityInstrumentsNetOfTax"/>
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    <link:label id="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_019f128c-b45a-7a5d-9938-29afe34904f4_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issue of subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_019f83f8-c48a-784e-9ac8-650e1322ee8b_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Issued during the period</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:to="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_019f128c-b45a-786f-92a4-4da4f6cff8ad_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">UK corporation tax thereon at 25.0% (2025: 25.0%)</link:label>
    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income) at applicable tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate"/>
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    <link:label id="lab_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows_019f128c-b45a-70d4-9c73-c041622a56f9_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recovery of insurance acquisition cash flows</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue, allocation of portion of premiums that relate to recovery of insurance acquisition cash flows</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows" xlink:to="lab_ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals_019f129f-9470-710c-b9da-3f52fdc5ffa6_negatedTerseLabel_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals_label_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income Included In Other Comprehensive Income, Income Statement Transfers in Respect of Disposals</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals_documentation_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income Included In Other Comprehensive Income, Income Statement Transfers in Respect of Disposals</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals" xlink:href="lyg-20260630.xsd#lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals" xlink:to="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeIncomeStatementTransfersInRespectOfDisposals" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsAbstract_019f128c-b3cd-78e7-9d99-50f03c9a1377_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_ifrs-full_AssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CoveredBondProgrammeMember_019f128c-b45a-785d-8b68-c5ec93e40159_terseLabel_en-US" xlink:label="lab_lyg_CoveredBondProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covered bond programme</link:label>
    <link:label id="lab_lyg_CoveredBondProgrammeMember_label_en-US" xlink:label="lab_lyg_CoveredBondProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Covered Bond Programme [Member]</link:label>
    <link:label id="lab_lyg_CoveredBondProgrammeMember_documentation_en-US" xlink:label="lab_lyg_CoveredBondProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Covered bond programme.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CoveredBondProgrammeMember" xlink:href="lyg-20260630.xsd#lyg_CoveredBondProgrammeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CoveredBondProgrammeMember" xlink:to="lab_lyg_CoveredBondProgrammeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_019f128c-b45a-72e2-9c1d-aba7d13996d1_totalLabel_en-US" xlink:label="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net investment return and finance result in respect of insurance and investment contracts</link:label>
    <link:label id="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Expense) From Insurance and Investment Contracts Issued, Recognised in Profit or Loss</link:label>
    <link:label id="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_documentation_en-US" xlink:label="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income (Expense) From Insurance and Investment Contracts Issued, Recognised in Profit or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:href="lyg-20260630.xsd#lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:to="lab_lyg_IncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IssueOfOtherEquityInstruments_019f128c-b45a-79b0-8d51-b9c3cd5acb24_terseLabel_en-US" xlink:label="lab_lyg_IssueOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issue of other equity instruments</link:label>
    <link:label id="lab_lyg_IssueOfOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_IssueOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issue Of Other Equity Instruments</link:label>
    <link:label id="lab_lyg_IssueOfOtherEquityInstruments_documentation_en-US" xlink:label="lab_lyg_IssueOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issue Of Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IssueOfOtherEquityInstruments" xlink:href="lyg-20260630.xsd#lyg_IssueOfOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IssueOfOtherEquityInstruments" xlink:to="lab_lyg_IssueOfOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable_019f128c-b45a-7764-b849-f9c5617c537a_terseLabel_en-US" xlink:label="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment (Details) - Schedule of Impairment [Table]</link:label>
    <link:label id="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable_label_en-US" xlink:label="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IMPAIRMENT (Details) - Schedule of Impairment [Table]</link:label>
    <link:label id="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable_documentation_en-US" xlink:label="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">IMPAIRMENT (Details) - Schedule of Impairment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable" xlink:href="lyg-20260630.xsd#lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable" xlink:to="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember_019f128c-b45a-782d-bfa8-d50847c21e8e_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Present value of future cash flows &#163;m</link:label>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember_label_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimates of present value of future cash flows [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember" xlink:to="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditSpreadMeasurementInputMember_019f22aa-4779-74c3-9be9-fefc05aa4edd_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditSpreadMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit spreads</link:label>
    <link:label id="lab_ifrs-full_CreditSpreadMeasurementInputMember_label_en-US" xlink:label="lab_ifrs-full_CreditSpreadMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit spread, measurement input [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditSpreadMeasurementInputMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditSpreadMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditSpreadMeasurementInputMember" xlink:to="lab_ifrs-full_CreditSpreadMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_019f128c-b45a-7222-a2d8-bce47ba3d52c_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity and liabilities</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentYearQuarterFourMember_019f128c-b45a-7110-a4e2-75c2194d2bfe_terseLabel_en-US" xlink:label="lab_lyg_CurrentYearQuarterFourMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fourth quarter 2026 %</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterFourMember_label_en-US" xlink:label="lab_lyg_CurrentYearQuarterFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year Quarter Four [Member]</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterFourMember_documentation_en-US" xlink:label="lab_lyg_CurrentYearQuarterFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Year Quarter Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentYearQuarterFourMember" xlink:href="lyg-20260630.xsd#lyg_CurrentYearQuarterFourMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentYearQuarterFourMember" xlink:to="lab_lyg_CurrentYearQuarterFourMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PremisesAndEquipmentCost_019f128c-b318-7c23-898c-1ce3cff8dccb_terseLabel_en-US" xlink:label="lab_lyg_PremisesAndEquipmentCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment cost</link:label>
    <link:label id="lab_lyg_PremisesAndEquipmentCost_label_en-US" xlink:label="lab_lyg_PremisesAndEquipmentCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Premises And Equipment Cost</link:label>
    <link:label id="lab_lyg_PremisesAndEquipmentCost_documentation_en-US" xlink:label="lab_lyg_PremisesAndEquipmentCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Premises and equipment cost.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PremisesAndEquipmentCost" xlink:href="lyg-20260630.xsd#lyg_PremisesAndEquipmentCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PremisesAndEquipmentCost" xlink:to="lab_lyg_PremisesAndEquipmentCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Provisions_019f128c-b3cd-7720-a79f-10ad84e3192f_terseLabel_en-US" xlink:label="lab_ifrs-full_Provisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_Provisions_label_en-US" xlink:label="lab_ifrs-full_Provisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Provisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Provisions" xlink:to="lab_ifrs-full_Provisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember_019f128c-b3cd-7fb5-bd69-47e3a65af647_terseLabel_en-US" xlink:label="lab_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposal groups classified as held for sale</link:label>
    <link:label id="lab_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember_label_en-US" xlink:label="lab_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal groups classified as held for sale [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:to="lab_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareRepurchaseProgram2026Member_019fa893-b89b-7b78-a4d9-7fa25fd62547_terseLabel_en-US" xlink:label="lab_lyg_ShareRepurchaseProgram2026Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Repurchase Program 2026</link:label>
    <link:label id="lab_lyg_ShareRepurchaseProgram2026Member_label_en-US" xlink:label="lab_lyg_ShareRepurchaseProgram2026Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program 2026 [Member]</link:label>
    <link:label id="lab_lyg_ShareRepurchaseProgram2026Member_documentation_en-US" xlink:label="lab_lyg_ShareRepurchaseProgram2026Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Repurchase Program 2026</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareRepurchaseProgram2026Member" xlink:href="lyg-20260630.xsd#lyg_ShareRepurchaseProgram2026Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareRepurchaseProgram2026Member" xlink:to="lab_lyg_ShareRepurchaseProgram2026Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CreditDerivativesMember_019f128c-b3cd-73ce-aa27-1bcba4c12be8_terseLabel_en-US" xlink:label="lab_lyg_CreditDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit derivatives</link:label>
    <link:label id="lab_lyg_CreditDerivativesMember_label_en-US" xlink:label="lab_lyg_CreditDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Derivatives [Member]</link:label>
    <link:label id="lab_lyg_CreditDerivativesMember_documentation_en-US" xlink:label="lab_lyg_CreditDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Credit Derivatives.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditDerivativesMember" xlink:href="lyg-20260630.xsd#lyg_CreditDerivativesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditDerivativesMember" xlink:to="lab_lyg_CreditDerivativesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_019f128c-b45a-7465-b52f-c4a9124474ce_negatedTerseLabel_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:href="lyg-20260630.xsd#lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NumberOfClassActionsNamedAsDefendant_019f128c-b3cd-7131-9487-e81af19a2197_terseLabel_en-US" xlink:label="lab_lyg_NumberOfClassActionsNamedAsDefendant" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of class actions named as defendant</link:label>
    <link:label id="lab_lyg_NumberOfClassActionsNamedAsDefendant_label_en-US" xlink:label="lab_lyg_NumberOfClassActionsNamedAsDefendant" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Class Actions Named As Defendant</link:label>
    <link:label id="lab_lyg_NumberOfClassActionsNamedAsDefendant_documentation_en-US" xlink:label="lab_lyg_NumberOfClassActionsNamedAsDefendant" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Class Actions Named As Defendant</link:label>
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    <link:label id="lab_lyg_DividendTypeAxis_019f128c-b3cd-7c50-90ba-6fa6110b9ed9_terseLabel_en-US" xlink:label="lab_lyg_DividendTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend type [Axis]</link:label>
    <link:label id="lab_lyg_DividendTypeAxis_label_en-US" xlink:label="lab_lyg_DividendTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DividendTypeAxis" xlink:href="lyg-20260630.xsd#lyg_DividendTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DividendTypeAxis" xlink:to="lab_lyg_DividendTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts_019f128c-b3cd-7499-860b-22279beaed1d_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in non-participating investment contracts</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Non-Participating Investment Contracts</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Non-Participating Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts" xlink:href="lyg-20260630.xsd#lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts"/>
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    <link:label id="lab_lyg_OtherPostretirementBenefitSchemesMember_019f128c-b45a-7e6f-8400-3d57d65c9f63_terseLabel_en-US" xlink:label="lab_lyg_OtherPostretirementBenefitSchemesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other post-retirement schemes</link:label>
    <link:label id="lab_lyg_OtherPostretirementBenefitSchemesMember_label_en-US" xlink:label="lab_lyg_OtherPostretirementBenefitSchemesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Postretirement Benefit Schemes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherPostretirementBenefitSchemesMember" xlink:href="lyg-20260630.xsd#lyg_OtherPostretirementBenefitSchemesMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_019f128c-b3cd-756f-9757-7744ecb3b5bc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract_019f128c-b3cd-76ff-ab90-9822425492b7_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in fair value measurement, assets [abstract]</link:label>
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in fair value measurement, assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_019f128c-b3cd-77de-b284-de8811f46eba_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) through foreign exchange and other movements, financial assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through foreign exchange and other movements, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets"/>
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    <link:label id="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth_019f128c-b3cd-7528-85a1-b95804e5edcd_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial real estate price growth</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of Commercial Real Estate Price Growth</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The CRE price growth used as the significant assumption to determine expected credit loss allowance.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth" xlink:href="lyg-20260630.xsd#lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth" xlink:to="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_019f128c-b3cd-707f-bb9d-884215d128c9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:to="lab_ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_019f128c-b45a-71c4-83a4-dbf44e2b25d3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to changes in fair value of financial liability attributable to change in credit risk of liability included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome"/>
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    <link:label id="lab_ifrs-full_ProbabilityOfDefaultDomain_019f128c-b45a-73df-b6ef-4aae1c33d0c6_terseLabel_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Probability of default [domain]</link:label>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultDomain_label_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Probability of default [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProbabilityOfDefaultDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProbabilityOfDefaultDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProbabilityOfDefaultDomain" xlink:to="lab_ifrs-full_ProbabilityOfDefaultDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreAssets_019f128c-b3cd-7faf-a6f7-82231c2c4cfc_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contract assets</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreAssets_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts that are assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsThatAreAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsThatAreAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsThatAreAssets" xlink:to="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation_019f128c-b45a-723f-a1db-35510b04e9a8_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prices index</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of expected rates of inflation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:to="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract_019f128c-b3cd-7671-a836-6220a7fa9f7b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Insurance revenue</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance revenue [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueLineItems_019f128c-b3cd-76e2-a2c2-efcdfc0176ae_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance revenue [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance revenue [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueLineItems"/>
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    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities_019f128c-b3cd-7262-a436-e700ef6eae4d_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest paid on subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest paid, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCost_019f128c-b45a-7ed4-89ef-351931f07512_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCost_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset_019f128c-b318-788a-aa47-94da8c324a68_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reduction in deferred tax asset</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in deferred tax liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset"/>
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    <link:label id="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesAbstract_019f128c-b45a-7ac8-bc9c-822c39d0fa64_terseLabel_en-US" xlink:label="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent liabilities, commitments and guarantees</link:label>
    <link:label id="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesAbstract_label_en-US" xlink:label="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent Liabilities, Commitments And Guarantees [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesAbstract" xlink:href="lyg-20260630.xsd#lyg_ContingentLiabilitiesCommitmentsAndGuaranteesAbstract"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_019f2375-e024-7e64-ba6d-9c5712f24ea4_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange movements</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through effect of changes in foreign exchange rates, liabilities arising from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities"/>
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    <link:label id="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth_019f128c-b3cd-7116-81c9-d9a94ca33ce7_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross domestic product growth</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of Gross Domestic Product Growth</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Key Assumption Of Gross Domestic Product Growth</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfGrossDomesticProductGrowth" xlink:href="lyg-20260630.xsd#lyg_KeyAssumptionOfGrossDomesticProductGrowth"/>
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    <link:label id="lab_ifrs-full_InsuranceServiceResultAbstract_019f128c-b3cd-7669-86da-79c046489131_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResultAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Insurance service expense</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceResultAbstract_label_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResultAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance service result [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceResultAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceServiceResultAbstract"/>
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    <link:label id="lab_lyg_SecuritisationNotes_label_en-US" xlink:label="lab_lyg_SecuritisationNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitisation Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuritisationNotes" xlink:href="lyg-20260630.xsd#lyg_SecuritisationNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuritisationNotes" xlink:to="lab_lyg_SecuritisationNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsToReconcileProfitLossAttributableToOwnersOfParentToNumeratorUsedInCalculatingBasicEarningsPerShare_019f128c-b3cd-7b49-a53c-46f3e1c1ee71_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsToReconcileProfitLossAttributableToOwnersOfParentToNumeratorUsedInCalculatingBasicEarningsPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit attributable to other equity holders</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsToReconcileProfitLossAttributableToOwnersOfParentToNumeratorUsedInCalculatingBasicEarningsPerShare_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsToReconcileProfitLossAttributableToOwnersOfParentToNumeratorUsedInCalculatingBasicEarningsPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile profit (loss) attributable to owners of parent to numerator used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsToReconcileProfitLossAttributableToOwnersOfParentToNumeratorUsedInCalculatingBasicEarningsPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsToReconcileProfitLossAttributableToOwnersOfParentToNumeratorUsedInCalculatingBasicEarningsPerShare"/>
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    <link:label id="lab_lyg_CertificatesOfDepositIssued_019f128c-b45a-772e-a553-cc768714561d_terseLabel_en-US" xlink:label="lab_lyg_CertificatesOfDepositIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Certificates of deposit issued</link:label>
    <link:label id="lab_lyg_CertificatesOfDepositIssued_label_en-US" xlink:label="lab_lyg_CertificatesOfDepositIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Certificates Of Deposit Issued</link:label>
    <link:label id="lab_lyg_CertificatesOfDepositIssued_documentation_en-US" xlink:label="lab_lyg_CertificatesOfDepositIssued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Certificates of deposit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CertificatesOfDepositIssued" xlink:href="lyg-20260630.xsd#lyg_CertificatesOfDepositIssued"/>
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    <link:label id="lab_ifrs-full_RestructuringProvision_019f128c-b3cd-764b-87c7-a73d32a36b42_terseLabel_en-US" xlink:label="lab_ifrs-full_RestructuringProvision" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restructuring provision</link:label>
    <link:label id="lab_ifrs-full_RestructuringProvision_label_en-US" xlink:label="lab_ifrs-full_RestructuringProvision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restructuring provision</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestructuringProvision" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestructuringProvision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestructuringProvision" xlink:to="lab_ifrs-full_RestructuringProvision" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets_019f128c-b45a-7b23-8f9f-86668facbf6a_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net investment return on assets held to back insurance and investment contracts</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets_019f128c-b45a-7e5e-a6fa-5ea81634de22_totalLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net investment return on assets held to back insurance and investment contracts</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Revenue, Insurance and Investment Contract Assets</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Revenue, Insurance and Investment Contract Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:href="lyg-20260630.xsd#lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets"/>
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    <link:label id="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract_019f128c-b45a-7f64-aa9a-0c3feee1bc81_terseLabel_en-US" xlink:label="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Post-retirement defined benefit scheme remeasurements:</link:label>
    <link:label id="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract_label_en-US" xlink:label="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-Retirement Defined Benefit Scheme Remeasurements [Abstract]</link:label>
    <link:label id="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract_documentation_en-US" xlink:label="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">N/a</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:href="lyg-20260630.xsd#lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:to="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_019f128c-b3cd-764c-bdf0-fec1a4630374_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesDomain"/>
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    <link:label id="lab_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_019f128c-b45a-71da-94fc-2bc5fd82be4c_totalLabel_en-US" xlink:label="lab_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total underlying income</link:label>
    <link:label id="lab_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_label_en-US" xlink:label="lab_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Income, Net of Net Finance Income in Respect of Insurance and Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:href="lyg-20260630.xsd#lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_019f128c-b45a-75e1-9269-938810e18524_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions of other equity instruments</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through other changes, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
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    <link:label id="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_019f128c-b45a-7041-998a-c5260147f15a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Insurance service expense</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_019f128c-b45a-7a39-99d1-e9e7d55b192e_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total Insurance service expense</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_label_en-US" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance service expenses from insurance contracts issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_019f128c-b45a-74e4-9841-e418314d8020_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows used in investing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</link:label>
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    <link:label id="lab_ifrs-full_InvestmentContractsLiabilities_019f128c-b318-7d8e-9bc1-d8c96095ac01_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentContractsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from non-participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InvestmentContractsLiabilities_label_en-US" xlink:label="lab_ifrs-full_InvestmentContractsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment contracts liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentContractsLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentContractsLiabilities"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_019f128c-b3cd-7819-b796-badd8f13c9ca_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
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    <link:label id="lab_lyg_CorporateInsolvencyRatesMember_documentation_en-US" xlink:label="lab_lyg_CorporateInsolvencyRatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate Insolvency Rates</link:label>
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    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_019f128c-b45a-78dd-99d7-53c49b277122_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
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    <link:label id="lab_lyg_OtherExpenseAbstract_019f128c-b3cd-7b6c-a15f-1438e6ff74d6_terseLabel_en-US" xlink:label="lab_lyg_OtherExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Expense [Abstract]</link:label>
    <link:label id="lab_lyg_OtherExpenseAbstract_label_en-US" xlink:label="lab_lyg_OtherExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Expense [Abstract]</link:label>
    <link:label id="lab_lyg_OtherExpenseAbstract_documentation_en-US" xlink:label="lab_lyg_OtherExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">n/a</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_019f128c-b45a-77fe-8049-ba9b2b4b32ed_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Critical accounting judgements and key sources of estimation uncertainty</link:label>
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    <link:label id="lab_ifrs-full_LegalProceedingsContingentLiabilityMember_019f128c-b45a-7696-9583-21aca52c6558_terseLabel_en-US" xlink:label="lab_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal proceedings contingent liability</link:label>
    <link:label id="lab_ifrs-full_LegalProceedingsContingentLiabilityMember_label_en-US" xlink:label="lab_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal proceedings contingent liability [member]</link:label>
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    <link:label id="lab_ifrs-full_UnobservableInputsAxis_019f229c-ffb3-71ee-ba79-10275e3fd06b_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsAxis_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsAxis"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_019f128c-b3cd-712c-9075-21d12c5a4a24_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movements in foreign currency translation reserve, net of tax</link:label>
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    <link:label id="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementLiabilitiesAbstract_019f128c-b318-7d36-87f2-7af18c2bd919_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in fair value measurement, liabilities [abstract]</link:label>
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInFairValueMeasurementLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in fair value measurement, liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReconciliationOfChangesInFairValueMeasurementLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReconciliationOfChangesInFairValueMeasurementLiabilitiesAbstract"/>
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    <link:label id="lab_lyg_FourYearsAfterReportingYearMember_019f128c-b3cd-7c31-9afe-d171ea4637f4_terseLabel_en-US" xlink:label="lab_lyg_FourYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2030 %</link:label>
    <link:label id="lab_lyg_FourYearsAfterReportingYearMember_label_en-US" xlink:label="lab_lyg_FourYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four Years After Reporting Year [Member]</link:label>
    <link:label id="lab_lyg_FourYearsAfterReportingYearMember_documentation_en-US" xlink:label="lab_lyg_FourYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Four Years After Reporting Year</link:label>
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    <link:label id="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019f128c-b45a-7237-b604-00b717f71236_negatedLabel_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income statement transfers in respect of disposals</link:label>
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    <link:label id="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets_019f128c-b3cd-7baf-a9b1-d706dd6ad7a6_verboseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Write-offs and other &#163;m</link:label>
    <link:label id="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease through write-off, financial assets</link:label>
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    <link:label id="lab_lyg_AdjustmentsForProfitLossOnDisposalOfOperatingLeaseAssets_019f128c-b45a-74dd-8026-ee935513d26e_terseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForProfitLossOnDisposalOfOperatingLeaseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for profit (loss) on disposal of operating lease assets</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForProfitLossOnDisposalOfOperatingLeaseAssets" xlink:href="lyg-20260630.xsd#lyg_AdjustmentsForProfitLossOnDisposalOfOperatingLeaseAssets"/>
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    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange gain (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsAbstract_019f128c-b3cd-7eb4-97a1-e0322a1cbce3_terseLabel_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments.</link:label>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsAbstract_label_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Financial Instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeFinancialInstrumentsAbstract" xlink:href="lyg-20260630.xsd#lyg_DerivativeFinancialInstrumentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeFinancialInstrumentsAbstract" xlink:to="lab_lyg_DerivativeFinancialInstrumentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_StaffCostsAbstract_019f128c-b3cd-741e-b985-35df0cbf203f_terseLabel_en-US" xlink:label="lab_lyg_StaffCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Staff costs:</link:label>
    <link:label id="lab_lyg_StaffCostsAbstract_label_en-US" xlink:label="lab_lyg_StaffCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Staff Costs [Abstract]</link:label>
    <link:label id="lab_lyg_StaffCostsAbstract_documentation_en-US" xlink:label="lab_lyg_StaffCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Staff Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_StaffCostsAbstract" xlink:href="lyg-20260630.xsd#lyg_StaffCostsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_StaffCostsAbstract" xlink:to="lab_lyg_StaffCostsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners_019f128c-b45a-7eb8-a561-93edddf75c84_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total transactions with owners</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through transactions with owners, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable_019f128c-b45a-766f-a6b7-4b1e517a0ecd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherEquityInterestMember_019f128c-b45a-7d67-9de4-81bb0f8801f6_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherEquityInterestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other equity instruments</link:label>
    <link:label id="lab_ifrs-full_OtherEquityInterestMember_label_en-US" xlink:label="lab_ifrs-full_OtherEquityInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other equity interest [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterestMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherEquityInterestMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEquityInterestMember" xlink:to="lab_ifrs-full_OtherEquityInterestMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_019f128c-b3cd-7586-bb68-4d74b145d92e_terseLabel_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effects of exchange rate changes on cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect of exchange rate changes on cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfProgramAxis_019f128c-b318-740e-9a5e-31a17a5bffad_terseLabel_en-US" xlink:label="lab_lyg_TypeOfProgramAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of program [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfProgramAxis_label_en-US" xlink:label="lab_lyg_TypeOfProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Program [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfProgramAxis" xlink:href="lyg-20260630.xsd#lyg_TypeOfProgramAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfProgramAxis" xlink:to="lab_lyg_TypeOfProgramAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f128c-b45a-7300-be3c-9292debb9602_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) operating activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes_019f128c-b318-76c1-bb39-3f0820646919_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Provision for Pillar 2 current income taxes</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax expense (income), related to Pillar Two income taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes"/>
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    <link:label id="lab_ifrs-full_DebtSecurities_019f128c-b3cd-78c2-b4f2-ae002a8298d6_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities in issue</link:label>
    <link:label id="lab_ifrs-full_DebtSecurities_019f128c-b3cd-77d2-a425-90ab362456b1_totalLabel_en-US" xlink:label="lab_ifrs-full_DebtSecurities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total debt securities in issue</link:label>
    <link:label id="lab_ifrs-full_DebtSecurities_label_en-US" xlink:label="lab_ifrs-full_DebtSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtSecurities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtSecurities" xlink:to="lab_ifrs-full_DebtSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsAxis_019f128c-b318-7536-9ee0-c42ff249f065_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts [Axis]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsAxis_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsAxis" xlink:to="lab_ifrs-full_InsuranceContractsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_019f128c-b45a-74d6-bc5e-c6514cb8ed72_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasDomain" xlink:to="lab_ifrs-full_GeographicalAreasDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable_019f128c-b3cd-731f-b2f6-2b4fae525124_terseLabel_en-US" xlink:label="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent liabilities, commitments and guarantees [Table]</link:label>
    <link:label id="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable_label_en-US" xlink:label="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent Liabilities, Commitments And Guarantees [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable" xlink:href="lyg-20260630.xsd#lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable" xlink:to="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentYearQuarterTwoMember_019f128c-b318-7c25-8640-76f855958386_terseLabel_en-US" xlink:label="lab_lyg_CurrentYearQuarterTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Second quarter 2026 %</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterTwoMember_label_en-US" xlink:label="lab_lyg_CurrentYearQuarterTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year Quarter Two [Member]</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterTwoMember_documentation_en-US" xlink:label="lab_lyg_CurrentYearQuarterTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Year Quarter Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentYearQuarterTwoMember" xlink:href="lyg-20260630.xsd#lyg_CurrentYearQuarterTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentYearQuarterTwoMember" xlink:to="lab_lyg_CurrentYearQuarterTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterimDividendMember_019f128c-b45a-7ceb-b985-1970d14aebd9_terseLabel_en-US" xlink:label="lab_lyg_InterimDividendMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interim dividend</link:label>
    <link:label id="lab_lyg_InterimDividendMember_label_en-US" xlink:label="lab_lyg_InterimDividendMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interim Dividend [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterimDividendMember" xlink:href="lyg-20260630.xsd#lyg_InterimDividendMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterimDividendMember" xlink:to="lab_lyg_InterimDividendMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalYearFocus_019f128c-b3cd-797d-85d4-2aebac6ff920_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document fiscal year focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DebtSecuritiesInIssueAbstract_019f128c-b45a-7a83-bde3-e4d5e7f4508e_terseLabel_en-US" xlink:label="lab_lyg_DebtSecuritiesInIssueAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities in issue</link:label>
    <link:label id="lab_lyg_DebtSecuritiesInIssueAbstract_label_en-US" xlink:label="lab_lyg_DebtSecuritiesInIssueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Securities In Issue [Abstract]</link:label>
    <link:label id="lab_lyg_DebtSecuritiesInIssueAbstract_documentation_en-US" xlink:label="lab_lyg_DebtSecuritiesInIssueAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">N/A</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DebtSecuritiesInIssueAbstract" xlink:href="lyg-20260630.xsd#lyg_DebtSecuritiesInIssueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DebtSecuritiesInIssueAbstract" xlink:to="lab_lyg_DebtSecuritiesInIssueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_019f128c-b3cd-7018-9962-2f433cf2744d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax paid</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes paid, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities_019f230b-c907-7c00-8c14-a91c8564cc0e_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Favourable changes &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember_019f128c-b3cd-72d1-a47a-1e56f42156bc_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Individually assessed &#163;m</link:label>
    <link:label id="lab_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember_label_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected credit losses individually assessed [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:to="lab_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_019f128c-b3cd-79a7-bb77-aa13da6ade54_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssetsMember_019f128c-b3cd-7ed3-bec1-384e55979489_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_ifrs-full_OtherAssetsMember_label_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssetsMember" xlink:to="lab_ifrs-full_OtherAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFinancialAssets_019f128c-b3cd-73b3-b604-9dc557a0c45f_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net ECL increase (decrease) &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LossGivenDefaultAlignmentLGDMember_019f128c-b45a-7fd3-b393-01e43874d9aa_terseLabel_en-US" xlink:label="lab_lyg_LossGivenDefaultAlignmentLGDMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss given default alignment (LGD)</link:label>
    <link:label id="lab_lyg_LossGivenDefaultAlignmentLGDMember_label_en-US" xlink:label="lab_lyg_LossGivenDefaultAlignmentLGDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Given Default Alignment (LGD) [Member]</link:label>
    <link:label id="lab_lyg_LossGivenDefaultAlignmentLGDMember_documentation_en-US" xlink:label="lab_lyg_LossGivenDefaultAlignmentLGDMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss Given Default Alignment (LGD)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LossGivenDefaultAlignmentLGDMember" xlink:href="lyg-20260630.xsd#lyg_LossGivenDefaultAlignmentLGDMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LossGivenDefaultAlignmentLGDMember" xlink:to="lab_lyg_LossGivenDefaultAlignmentLGDMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_019f128c-b3cd-71f7-921f-59e10bbca0cd_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfProvisionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfProvisionsAxis" xlink:to="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SecuritisationProgrammeMember_019f128c-b45a-7f19-966e-04188482b10f_terseLabel_en-US" xlink:label="lab_lyg_SecuritisationProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitisation programme</link:label>
    <link:label id="lab_lyg_SecuritisationProgrammeMember_label_en-US" xlink:label="lab_lyg_SecuritisationProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitisation Programme [Member]</link:label>
    <link:label id="lab_lyg_SecuritisationProgrammeMember_documentation_en-US" xlink:label="lab_lyg_SecuritisationProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Securitisation programme.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuritisationProgrammeMember" xlink:href="lyg-20260630.xsd#lyg_SecuritisationProgrammeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuritisationProgrammeMember" xlink:to="lab_lyg_SecuritisationProgrammeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems_019f128c-b45a-78b5-b6d2-398307431385_terseLabel_en-US" xlink:label="lab_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment (Details) - Schedule of Impairment [Line Items]</link:label>
    <link:label id="lab_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems_label_en-US" xlink:label="lab_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IMPAIRMENT (Details) - Schedule of Impairment [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems" xlink:href="lyg-20260630.xsd#lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems" xlink:to="lab_lyg_IMPAIRMENTDetailsScheduleofImpairmentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDebtSecuritiesExplanatory_019f128c-b45a-75b6-a981-ba21038bd643_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities in issue</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDebtSecuritiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of debt instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDebtSecuritiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_019f128c-b3cd-777c-b984-eb8461c60c18_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future accounting developments</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:to="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherLiabilities_019f128c-b3cd-7332-b47c-c354f7f5c088_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_ifrs-full_OtherLiabilities_label_en-US" xlink:label="lab_ifrs-full_OtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherLiabilities" xlink:to="lab_ifrs-full_OtherLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UpsideMember_019f128c-b45a-7378-a9f8-0a9e07636a94_terseLabel_en-US" xlink:label="lab_lyg_UpsideMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Upside</link:label>
    <link:label id="lab_lyg_UpsideMember_label_en-US" xlink:label="lab_lyg_UpsideMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Upside [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UpsideMember" xlink:href="lyg-20260630.xsd#lyg_UpsideMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UpsideMember" xlink:to="lab_lyg_UpsideMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToCustomers_019f128c-b3cd-7204-b766-1fc44a527645_verboseLabel_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to customers</link:label>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToCustomers_019f128c-b3cd-7ddf-9252-4f773e8409bb_terseLabel_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to customers</link:label>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToCustomers_label_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and advances to customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers" xlink:to="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenue_019f128c-b3cd-7a34-861b-487dc0b6e82e_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance revenue</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenue_019f128c-b3cd-73bf-9c10-d6d06b7324ef_totalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Insurance service expense</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenue_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenue" xlink:to="lab_ifrs-full_InsuranceRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach_019f128c-b45a-7792-ac49-13d858d8d58c_terseLabel_en-US" xlink:label="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income (expense) from unit-linked and with-profit contracts, variable fee approach</link:label>
    <link:label id="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach_label_en-US" xlink:label="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (expense) from unit-linked and with-profit contracts, variable fee approach</link:label>
    <link:label id="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach_documentation_en-US" xlink:label="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income (expense) from unit-linked and with-profit contracts, variable fee approach</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach" xlink:href="lyg-20260630.xsd#lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach" xlink:to="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RemediationNetOfInsuranceClaims_019f128c-b3cd-7e7d-bb66-55b62c635f8e_negatedLabel_en-US" xlink:label="lab_lyg_RemediationNetOfInsuranceClaims" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Remediation</link:label>
    <link:label id="lab_lyg_RemediationNetOfInsuranceClaims_label_en-US" xlink:label="lab_lyg_RemediationNetOfInsuranceClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remediation Net Of Insurance Claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RemediationNetOfInsuranceClaims" xlink:href="lyg-20260630.xsd#lyg_RemediationNetOfInsuranceClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RemediationNetOfInsuranceClaims" xlink:to="lab_lyg_RemediationNetOfInsuranceClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RedemptionOfOtherEquityInstruments_019f128c-b45a-75d6-8fd0-a4631ce8acc2_negatedTerseLabel_en-US" xlink:label="lab_lyg_RedemptionOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions of other equity instruments</link:label>
    <link:label id="lab_lyg_RedemptionOfOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_RedemptionOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redemption Of Other Equity Instruments</link:label>
    <link:label id="lab_lyg_RedemptionOfOtherEquityInstruments_documentation_en-US" xlink:label="lab_lyg_RedemptionOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of redemption of other equity instruments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RedemptionOfOtherEquityInstruments" xlink:href="lyg-20260630.xsd#lyg_RedemptionOfOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RedemptionOfOtherEquityInstruments" xlink:to="lab_lyg_RedemptionOfOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_019f12bc-c38c-7216-9874-5afb0853d2ef_totalLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on cash flow hedges, net of tax</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on cash flow hedges, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax"/>
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    <link:label id="lab_lyg_DownsideMember_019f128c-b3cd-7492-86fd-d47a077e6227_terseLabel_en-US" xlink:label="lab_lyg_DownsideMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Downside</link:label>
    <link:label id="lab_lyg_DownsideMember_label_en-US" xlink:label="lab_lyg_DownsideMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Downside [Member]</link:label>
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    <link:label id="lab_lyg_DisclosureOfDividendsAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfDividendsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Dividends [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDividendsAbstract" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfDividendsAbstract"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019f128c-b318-75b6-871b-6735359c4f25_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remeasurements before tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses_019f128c-b45a-7b90-afc9-e836f92a80ac_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net expense from reinsurance contracts held</link:label>
    <link:label id="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses_label_en-US" xlink:label="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (expenses) from reinsurance contracts held, other than finance income (expenses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:to="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts_019f128c-b3cd-7af8-9b13-adf743784897_terseLabel_en-US" xlink:label="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts attributable to the acquisition of insurance and participating investment contracts</link:label>
    <link:label id="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts_label_en-US" xlink:label="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expenses, Amounts Attributable To The Acquisition Of Insurance And Participating Investment Contracts</link:label>
    <link:label id="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts_documentation_en-US" xlink:label="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expenses, Amounts Attributable To The Acquisition Of Insurance And Participating Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:href="lyg-20260630.xsd#lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:to="lab_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_019f128c-b3cd-77a9-86f4-d50641570ed5_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity central index key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DividendsOnOrdinarySharesLineItems_019f128c-b3cd-7039-96d4-b1ae71aaea41_terseLabel_en-US" xlink:label="lab_lyg_DividendsOnOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends On Ordinary Shares [Line Items]</link:label>
    <link:label id="lab_lyg_DividendsOnOrdinarySharesLineItems_label_en-US" xlink:label="lab_lyg_DividendsOnOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends On Ordinary Shares [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DividendsOnOrdinarySharesLineItems" xlink:href="lyg-20260630.xsd#lyg_DividendsOnOrdinarySharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DividendsOnOrdinarySharesLineItems" xlink:to="lab_lyg_DividendsOnOrdinarySharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld_019f128c-b3cd-7ed7-bf69-1f6d58144a4f_totalLabel_en-US" xlink:label="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net finance expense from insurance, participating investment and reinsurance contracts</link:label>
    <link:label id="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld_label_en-US" xlink:label="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Finance (Expense) Income From Insurance And Reinsurance Contracts Held</link:label>
    <link:label id="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld_documentation_en-US" xlink:label="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Finance (Expense) Income From Insurance And Reinsurance Contracts Held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld" xlink:href="lyg-20260630.xsd#lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld" xlink:to="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis_019f128c-b3cd-79d9-8268-67f3ca1a9635_terseLabel_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of insurance contracts [axis]</link:label>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis_label_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisaggregationOfInsuranceContractsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:to="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019f128c-b45a-74f2-8723-b528146c5dc6_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019f128c-b45a-7279-85a0-efe44d0bcf46_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019f128c-b45a-7631-81a0-4dad4f9dbbe4_totalLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total recognised derivative liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_019f229d-99ef-758b-894c-88256f87a7ef_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
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    <link:label id="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember_019f128c-b45a-77f3-a3ff-9544db713c33_terseLabel_en-US" xlink:label="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk adjustment &#163;m</link:label>
    <link:label id="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember_label_en-US" xlink:label="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk adjustment for non-financial risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RiskAdjustmentForNonfinancialRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RiskAdjustmentForNonfinancialRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RiskAdjustmentForNonfinancialRiskMember" xlink:to="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_019f128c-b45a-7b8d-85b0-719a53316c33_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustment for share options and awards (in shares)</link:label>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive effect of share options on weighted average number of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory_019f128c-b3cd-7299-9dda-cc780dd9ef01_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of movement in expected credit loss allowance</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_019f128c-b3cd-771c-9b40-8a0b4e74f68a_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in the income statement, within other income, relating to the change in fair value of those assets held</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on revaluation of property, plant and equipment, right-of-use assets and intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation"/>
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    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_019f128c-b318-7bb3-a701-23319af70bc2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings per share</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
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    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_019f128c-b3cd-7fa7-9ce0-04930bd3e9a6_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross carrying amount</link:label>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossCarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossCarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_ifrs-full_GrossCarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DefinedBenefitPensionSchemesMember_019f128c-b3cd-79ef-89bc-3c3f4849b7b7_terseLabel_en-US" xlink:label="lab_lyg_DefinedBenefitPensionSchemesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined benefit pension schemes:</link:label>
    <link:label id="lab_lyg_DefinedBenefitPensionSchemesMember_label_en-US" xlink:label="lab_lyg_DefinedBenefitPensionSchemesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Pension Schemes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DefinedBenefitPensionSchemesMember" xlink:href="lyg-20260630.xsd#lyg_DefinedBenefitPensionSchemesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DefinedBenefitPensionSchemesMember" xlink:to="lab_lyg_DefinedBenefitPensionSchemesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_019f128c-b3cd-72fc-8a90-dd801b6ae750_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effective portion of changes in fair value taken to other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on cash flow hedges, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory_019f128c-b3cd-7f67-8166-f8a0494524f8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net fee and commission income</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fee and commission income (expense) [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestRevenueExpense_019f128c-b3cd-7a30-9120-b6e885dccaeb_totalLabel_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net interest income</link:label>
    <link:label id="lab_ifrs-full_InterestRevenueExpense_019f128c-b3cd-7a7e-833d-2cd31722880e_verboseLabel_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Underlying net interest income</link:label>
    <link:label id="lab_ifrs-full_InterestRevenueExpense_019f128c-b3cd-79be-a7ed-682fa08f8e28_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net interest income</link:label>
    <link:label id="lab_ifrs-full_InterestRevenueExpense_label_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRevenueExpense" xlink:to="lab_ifrs-full_InterestRevenueExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DiscountedCashFlowMember_019f128c-b3cd-7af6-bb78-19705b99d30f_terseLabel_en-US" xlink:label="lab_ifrs-full_DiscountedCashFlowMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discounted cash flows</link:label>
    <link:label id="lab_ifrs-full_DiscountedCashFlowMember_label_en-US" xlink:label="lab_ifrs-full_DiscountedCashFlowMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discounted cash flow [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DiscountedCashFlowMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DiscountedCashFlowMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DiscountedCashFlowMember" xlink:to="lab_ifrs-full_DiscountedCashFlowMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_019f128c-b45a-7e4d-8bb0-f4d9b1f7a5c1_terseLabel_en-US" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reverse repurchase agreements</link:label>
    <link:label id="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_label_en-US" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse repurchase agreements and cash collateral on securities borrowed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss_019f128c-b3cd-732b-891c-e491be16a5e9_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net finance expense from insurance and participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance finance income (expenses) from insurance contracts issued recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision_019f128c-b45a-7acd-b01b-7c65964ccf0a_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange and other adjustments</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Net Exchange Differences And Other Adjustments, Provision</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in other provisions resulting from foreign currency exchange rate changes on provisions measured in a currency different from the entity's presentation currency.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision" xlink:href="lyg-20260630.xsd#lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision" xlink:to="lab_lyg_IncreaseDecreaseThroughNetExchangeDifferencesAndOtherAdjustmentsProvision" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis_019f128c-b3cd-71c3-a989-43f92f62b105_terseLabel_en-US" xlink:label="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Method of assessment of expected credit losses [axis]</link:label>
    <link:label id="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis_label_en-US" xlink:label="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Method of assessment of expected credit losses [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:to="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentAccounts_019f128c-b45a-7dc2-baf5-2ed044118b3d_terseLabel_en-US" xlink:label="lab_lyg_CurrentAccounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current accounts</link:label>
    <link:label id="lab_lyg_CurrentAccounts_label_en-US" xlink:label="lab_lyg_CurrentAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Accounts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentAccounts" xlink:href="lyg-20260630.xsd#lyg_CurrentAccounts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentAccounts" xlink:to="lab_lyg_CurrentAccounts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CategoriesOfCommitmentsAxis_019f26e2-2f0a-754a-930f-4c18e78cecc0_terseLabel_en-US" xlink:label="lab_lyg_CategoriesOfCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of Commitments [Axis]</link:label>
    <link:label id="lab_lyg_CategoriesOfCommitmentsAxis_label_en-US" xlink:label="lab_lyg_CategoriesOfCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of Commitments [Axis]</link:label>
    <link:label id="lab_lyg_CategoriesOfCommitmentsAxis_documentation_en-US" xlink:label="lab_lyg_CategoriesOfCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Categories of Commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CategoriesOfCommitmentsAxis" xlink:href="lyg-20260630.xsd#lyg_CategoriesOfCommitmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CategoriesOfCommitmentsAxis" xlink:to="lab_lyg_CategoriesOfCommitmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingLeaseDepreciation_019fa452-969d-7647-a351-b7f4d0764592_verboseLabel_en-US" xlink:label="lab_lyg_OperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Underlying operating lease depreciation</link:label>
    <link:label id="lab_lyg_OperatingLeaseDepreciation_019f128c-b45a-7d6a-a658-18ed62357728_terseLabel_en-US" xlink:label="lab_lyg_OperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating lease depreciation</link:label>
    <link:label id="lab_lyg_OperatingLeaseDepreciation_label_en-US" xlink:label="lab_lyg_OperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease Depreciation</link:label>
    <link:label id="lab_lyg_OperatingLeaseDepreciation_documentation_en-US" xlink:label="lab_lyg_OperatingLeaseDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The depreciation charge against Op lease assets in the Property, Plant and equipment note adjusted for gains on sale of leased assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingLeaseDepreciation" xlink:href="lyg-20260630.xsd#lyg_OperatingLeaseDepreciation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OperatingLeaseDepreciation" xlink:to="lab_lyg_OperatingLeaseDepreciation" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember_019f128c-b3cd-75f8-b767-0f073de9cb9f_terseLabel_en-US" xlink:label="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan commitments and financial guarantees</link:label>
    <link:label id="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember_label_en-US" xlink:label="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Commitments And Financial Guarantees [Member]</link:label>
    <link:label id="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember_documentation_en-US" xlink:label="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for loan commitments and financial guarantees.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:href="lyg-20260630.xsd#lyg_LoanCommitmentsAndFinancialGuaranteesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:to="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage_019f128c-b45a-74f2-a1bf-1080c54668d7_totalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Amounts relating to the changes in liabilities for remaining coverage:</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue, amounts relating to changes in liability for remaining coverage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage" xlink:to="lab_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncome_019f128c-b45a-77d6-91e9-2f8afa285b13_terseLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fee and commission income</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncome_019f128c-b45a-7540-8706-4eb59c61fc2a_totalLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total fee and commission income</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncome_label_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee and commission income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionIncome" xlink:to="lab_ifrs-full_FeeAndCommissionIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LegalAndRegulatoryExpense_019f128c-b3cd-7349-9acf-90d70c44350a_terseLabel_en-US" xlink:label="lab_lyg_LegalAndRegulatoryExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory and legal provisions (note 14)</link:label>
    <link:label id="lab_lyg_LegalAndRegulatoryExpense_label_en-US" xlink:label="lab_lyg_LegalAndRegulatoryExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal And Regulatory Expense</link:label>
    <link:label id="lab_lyg_LegalAndRegulatoryExpense_documentation_en-US" xlink:label="lab_lyg_LegalAndRegulatoryExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Legal And Regulatory Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LegalAndRegulatoryExpense" xlink:href="lyg-20260630.xsd#lyg_LegalAndRegulatoryExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LegalAndRegulatoryExpense" xlink:to="lab_lyg_LegalAndRegulatoryExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TwoYearsAfterReportingYearMember_019f128c-b45a-7b87-bbab-e5c6e1453157_terseLabel_en-US" xlink:label="lab_lyg_TwoYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2028 %</link:label>
    <link:label id="lab_lyg_TwoYearsAfterReportingYearMember_label_en-US" xlink:label="lab_lyg_TwoYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Years After Reporting Year [Member]</link:label>
    <link:label id="lab_lyg_TwoYearsAfterReportingYearMember_documentation_en-US" xlink:label="lab_lyg_TwoYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two Years After Reporting Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TwoYearsAfterReportingYearMember" xlink:href="lyg-20260630.xsd#lyg_TwoYearsAfterReportingYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TwoYearsAfterReportingYearMember" xlink:to="lab_lyg_TwoYearsAfterReportingYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_019f128c-b45a-7d89-a3e1-da761850dd91_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities_019f26f2-518b-73e7-a1d2-66349ac5846b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Max down</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TradingAndOtherMember_019f128c-b318-7081-9bbf-3e53b8bcdf26_terseLabel_en-US" xlink:label="lab_lyg_TradingAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading and other</link:label>
    <link:label id="lab_lyg_TradingAndOtherMember_label_en-US" xlink:label="lab_lyg_TradingAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading And Other [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TradingAndOtherMember" xlink:href="lyg-20260630.xsd#lyg_TradingAndOtherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TradingAndOtherMember" xlink:to="lab_lyg_TradingAndOtherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentReportingYearMember_019f128c-b45a-793b-8f18-56b4fa8c5764_terseLabel_en-US" xlink:label="lab_lyg_CurrentReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2026 %</link:label>
    <link:label id="lab_lyg_CurrentReportingYearMember_label_en-US" xlink:label="lab_lyg_CurrentReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Reporting Year [Member]</link:label>
    <link:label id="lab_lyg_CurrentReportingYearMember_documentation_en-US" xlink:label="lab_lyg_CurrentReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Reporting Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentReportingYearMember" xlink:href="lyg-20260630.xsd#lyg_CurrentReportingYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentReportingYearMember" xlink:to="lab_lyg_CurrentReportingYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_019f128c-b318-7636-a6da-1be8aa42283c_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income statement charge (credit) &#163;m</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment loss recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfImpairmentTableTextBlock_019f128c-b45a-725f-ae0e-94fc5079d322_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfImpairmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of impairment allowances</link:label>
    <link:label id="lab_lyg_DisclosureOfImpairmentTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfImpairmentTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Impairment [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfImpairmentTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfImpairmentTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfImpairmentTableTextBlock" xlink:to="lab_lyg_DisclosureOfImpairmentTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RateVariableDomain_019f128c-b3cd-74a5-a77f-b1cbe434ee97_terseLabel_en-US" xlink:label="lab_lyg_RateVariableDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rate, Variable [Domain]</link:label>
    <link:label id="lab_lyg_RateVariableDomain_label_en-US" xlink:label="lab_lyg_RateVariableDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate, Variable [Domain]</link:label>
    <link:label id="lab_lyg_RateVariableDomain_documentation_en-US" xlink:label="lab_lyg_RateVariableDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate, Variable [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RateVariableDomain" xlink:href="lyg-20260630.xsd#lyg_RateVariableDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RateVariableDomain" xlink:to="lab_lyg_RateVariableDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of impairment loss and reversal of impairment loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:to="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FactoringFees_019f128c-b45a-7031-b267-468ae4050cc3_terseLabel_en-US" xlink:label="lab_lyg_FactoringFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Factoring</link:label>
    <link:label id="lab_lyg_FactoringFees_label_en-US" xlink:label="lab_lyg_FactoringFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Factoring Fees</link:label>
    <link:label id="lab_lyg_FactoringFees_documentation_en-US" xlink:label="lab_lyg_FactoringFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income recognised for factoring fees charged by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FactoringFees" xlink:href="lyg-20260630.xsd#lyg_FactoringFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FactoringFees" xlink:to="lab_lyg_FactoringFees" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable_019f128c-b45a-7291-8c35-6ea2c7d645a0_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Securitisation and Covered Bond Programmes [Table]</link:label>
    <link:label id="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable_label_en-US" xlink:label="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Securitisation and Covered Bond Programmes [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable" xlink:to="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_019f128c-b45a-7eee-8d56-57df867f201f_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity registrant name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_019f128c-b45a-7528-a280-2a8ec25ad40c_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings per share (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_ifrs-full_BasicEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember_019f128c-b45a-74c9-ab9c-a4c5a02e5234_terseLabel_en-US" xlink:label="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residual value impairment and voluntary terminations</link:label>
    <link:label id="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember_label_en-US" xlink:label="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residual Value Impairment And Voluntary Terminations [Member]</link:label>
    <link:label id="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember_documentation_en-US" xlink:label="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Residual Value Impairment And Voluntary Terminations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember" xlink:href="lyg-20260630.xsd#lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember" xlink:to="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementAxis_019f128c-b3cd-7499-b375-e2c93b915144_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_MeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis" xlink:to="lab_ifrs-full_MeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_019f128c-b45a-7116-bd58-6ecfaacb00df_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Distributions in respect of non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid to non-controlling interests, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfProvisionsExplanatory_019f128c-b45a-7580-9d28-c014d2ed37bf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfProvisionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfProvisionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract_019f128c-b3cd-7632-8403-dfa8c0d27aa4_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of allowance for expected credit losses [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of allowance for expected credit losses [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract_documentation_en-US" xlink:label="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of allowance for expected credit losses [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract" xlink:to="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_019f128c-b45a-7869-89b6-044885ff75d9_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract"/>
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    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_019f128c-b45a-7a2b-ad01-faa3dcc9e933_totalLabel_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted-average number of ordinary shares in issue &#8211; diluted (in shares)</link:label>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating diluted earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
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    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationAndSignificantAccountingPoliciesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationAndSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Basis Of Preparation And Significant Accounting Policies [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationAndSignificantAccountingPoliciesAbstract_documentation_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationAndSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">na</link:label>
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    <link:label id="lab_ifrs-full_MortgagesMember_019f128c-b3cd-79fd-a623-62a756ea995b_terseLabel_en-US" xlink:label="lab_ifrs-full_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK mortgages</link:label>
    <link:label id="lab_ifrs-full_MortgagesMember_label_en-US" xlink:label="lab_ifrs-full_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgages [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MortgagesMember" xlink:to="lab_ifrs-full_MortgagesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ConsumerLoansMember_019f22a1-b92d-7181-bece-2a8abf6f3723_terseLabel_en-US" xlink:label="lab_ifrs-full_ConsumerLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to customers</link:label>
    <link:label id="lab_ifrs-full_ConsumerLoansMember_label_en-US" xlink:label="lab_ifrs-full_ConsumerLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans to consumers [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConsumerLoansMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConsumerLoansMember"/>
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    <link:label id="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions_019f128c-b45a-7232-8bb7-ae7882a49390_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense due to unwinding of discount on provisions</link:label>
    <link:label id="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions_label_en-US" xlink:label="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense arising from passage of time on other provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions"/>
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    <link:label id="lab_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets_label_en-US" xlink:label="lab_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets At Fair Value Through Other Comprehensive Income And Derivative Financial Assets</link:label>
    <link:label id="lab_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets_documentation_en-US" xlink:label="lab_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Assets At Fair Value Through Other Comprehensive Income And Derivative Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets" xlink:href="lyg-20260630.xsd#lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets" xlink:to="lab_lyg_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndDerivativeFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_019f128c-b45a-7820-9578-ce5313585d43_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Adjustments in respect of prior years</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for current tax of prior periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod"/>
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    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_019f128c-b3cd-79ff-ba73-b385c37052d2_negatedLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions of subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_019f2375-e024-71e9-859c-5c90e07a8508_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions during the period</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of subordinated liabilities</link:label>
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    <link:label id="lab_lyg_EarningsMultipleMember_019f128c-b3cd-7c99-b1b9-e9296dfca2fe_terseLabel_en-US" xlink:label="lab_lyg_EarningsMultipleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings multiple</link:label>
    <link:label id="lab_lyg_EarningsMultipleMember_label_en-US" xlink:label="lab_lyg_EarningsMultipleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Multiple [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EarningsMultipleMember" xlink:href="lyg-20260630.xsd#lyg_EarningsMultipleMember"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_019f2303-7020-7d94-b1bd-525e687db657_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Favourable changes &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets</link:label>
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    <link:label id="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f12b2-6eb7-794b-8fd5-ad10f5653eae_negatedTotalLabel_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Income statement transfers in respect of disposals, net of tax</link:label>
    <link:label id="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification Adjustments On Disposal Of Financial Assets Measured At Fair Value Through Other Comprehensive Income</link:label>
    <link:label id="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reclassification Adjustments On Disposal Of Financial Assets Measured At Fair Value Through Other Comprehensive Income</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_019f2303-cd97-71e8-a6d4-eb23e4093640_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unfavourable changes &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, assets</link:label>
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    <link:label id="lab_lyg_AdjustmentsForAbstract_019f128c-b3cd-739e-919e-b7ab72c67824_terseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for:</link:label>
    <link:label id="lab_lyg_AdjustmentsForAbstract_label_en-US" xlink:label="lab_lyg_AdjustmentsForAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForAbstract" xlink:href="lyg-20260630.xsd#lyg_AdjustmentsForAbstract"/>
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    <link:label id="lab_lyg_TradingContractsAbstract_019f128c-b3cd-746e-92f3-92cc0ac2e57e_terseLabel_en-US" xlink:label="lab_lyg_TradingContractsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading and other</link:label>
    <link:label id="lab_lyg_TradingContractsAbstract_label_en-US" xlink:label="lab_lyg_TradingContractsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Contracts [Abstract]</link:label>
    <link:label id="lab_lyg_TradingContractsAbstract_documentation_en-US" xlink:label="lab_lyg_TradingContractsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trading Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TradingContractsAbstract" xlink:href="lyg-20260630.xsd#lyg_TradingContractsAbstract"/>
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    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_019f128c-b45a-7d79-89da-d98ef3e6abd0_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from insurance and participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts that are liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsThatAreLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:to="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_019f128c-b45a-7ec6-906a-7d4ddc76c95a_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_label_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:to="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_019f128c-b3cd-788e-90cc-cc9d8c60558a_terseLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income statement credit</link:label>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefit expense in profit or loss, defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfForeignTaxRates_019f128c-b45a-7567-9ecb-052fa5e788a7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfForeignTaxRates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Differences in overseas tax rates</link:label>
    <link:label id="lab_ifrs-full_TaxEffectOfForeignTaxRates_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfForeignTaxRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax effect of foreign tax rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfForeignTaxRates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfForeignTaxRates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectOfForeignTaxRates" xlink:to="lab_ifrs-full_TaxEffectOfForeignTaxRates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost_019f128c-b45a-7e2e-8776-bc8650b866e4_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities in issue at amortised cost</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments issued at amortised cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsIssuedAtAmortisedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost" xlink:to="lab_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019f128c-b318-7000-ae9e-363c13efc07a_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) before tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, before tax, change in fair value of financial liability attributable to change in credit risk of liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability"/>
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    <link:label id="lab_lyg_HousePriceIndexMember_019f22a7-01db-7389-837e-7816edffcca9_terseLabel_en-US" xlink:label="lab_lyg_HousePriceIndexMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HPI growth</link:label>
    <link:label id="lab_lyg_HousePriceIndexMember_label_en-US" xlink:label="lab_lyg_HousePriceIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">House Price Index [Member]</link:label>
    <link:label id="lab_lyg_HousePriceIndexMember_documentation_en-US" xlink:label="lab_lyg_HousePriceIndexMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">House Price Index</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HousePriceIndexMember" xlink:href="lyg-20260630.xsd#lyg_HousePriceIndexMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HousePriceIndexMember" xlink:to="lab_lyg_HousePriceIndexMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable_019f128c-b318-7007-8151-a4b49d2be8b0_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance business [Table]</link:label>
    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable_label_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Analysis Of Insurance Business [Table]</link:label>
    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable_documentation_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Analysis Of Insurance Business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAnalysisOfInsuranceBusinessTable" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfAnalysisOfInsuranceBusinessTable"/>
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    <link:label id="lab_ifrs-full_NoncontrollingInterests_019f128c-b318-7e26-a2ad-e206be0b26b4_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtSecuritiesMember_019f128c-b3cd-7f3d-9c98-4d699ac40636_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities</link:label>
    <link:label id="lab_ifrs-full_DebtSecuritiesMember_label_en-US" xlink:label="lab_ifrs-full_DebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtSecuritiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtSecuritiesMember" xlink:to="lab_ifrs-full_DebtSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes_019f128c-b45a-710a-9b2b-645751b2e024_terseLabel_en-US" xlink:label="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pensions and other post-retirement benefit schemes (note 7)</link:label>
    <link:label id="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes_label_en-US" xlink:label="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pensions And Other Post-Retirement Benefit Schemes</link:label>
    <link:label id="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes_documentation_en-US" xlink:label="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pensions And Other Post-Retirement Benefit Schemes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PensionsAndOtherPostRetirementBenefitSchemes" xlink:href="lyg-20260630.xsd#lyg_PensionsAndOtherPostRetirementBenefitSchemes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PensionsAndOtherPostRetirementBenefitSchemes" xlink:to="lab_lyg_PensionsAndOtherPostRetirementBenefitSchemes" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019f128c-b318-7af1-a0af-dbe3d28dc70e_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets measured at fair value through other comprehensive income, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
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    <link:label id="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_019f128c-b45a-7013-b17b-28d12795a4a7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement benefit obligations</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of employee benefits [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEmployeeBenefitsExplanatory"/>
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    <link:label id="lab_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_019f129f-9470-7777-bc27-623e332734c4_negatedTerseLabel_en-US" xlink:label="lab_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Current tax</link:label>
    <link:label id="lab_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_label_en-US" xlink:label="lab_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income Included In Other Comprehensive Income, Change in Fair Value</link:label>
    <link:label id="lab_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_documentation_en-US" xlink:label="lab_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income Included In Other Comprehensive Income, Change in Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:href="lyg-20260630.xsd#lyg_CurrentTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue"/>
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    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_019f128c-b45a-798b-8a2c-fa5494c3a18d_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit attributable to non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAbstract_019f128c-b45a-7484-95bb-87e9fc4fcba8_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAbstract"/>
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    <link:label id="lab_ifrs-full_OtherEquitySecuritiesMember_019f22f4-204c-77b8-a041-b34e25633771_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherEquitySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity shares</link:label>
    <link:label id="lab_ifrs-full_OtherEquitySecuritiesMember_label_en-US" xlink:label="lab_ifrs-full_OtherEquitySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other equity securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquitySecuritiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherEquitySecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEquitySecuritiesMember" xlink:to="lab_ifrs-full_OtherEquitySecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsLineItems_019f128c-b45a-73f9-97a1-b3848f9fddbb_terseLabel_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments [Line Items]</link:label>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsLineItems_label_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Financial Instruments [Line Items]</link:label>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsLineItems_documentation_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">n/a</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeFinancialInstrumentsLineItems" xlink:href="lyg-20260630.xsd#lyg_DerivativeFinancialInstrumentsLineItems"/>
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    <link:label id="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable_019f128c-b45a-7e3a-a94d-c1f840769533_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities [Table]</link:label>
    <link:label id="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable_label_en-US" xlink:label="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Fair Value Measurement Of Financial Assets And Financial Liabilities [Table]</link:label>
    <link:label id="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable_documentation_en-US" xlink:label="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule disclosing information related to the fair value measurement of financial assets and financial liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesTable"/>
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    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities_019f128c-b45a-7e49-a7e9-d905d00b0925_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchases, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchasesFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory_019f128c-b3cd-7466-8907-0c4374a80394_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of financial assets carried at fair value by valuation hierarchy</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PriceIndexAxis_019f128c-b3cd-7efb-a74c-69e90516bf10_terseLabel_en-US" xlink:label="lab_lyg_PriceIndexAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Price index [Axis]</link:label>
    <link:label id="lab_lyg_PriceIndexAxis_label_en-US" xlink:label="lab_lyg_PriceIndexAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Price Index [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PriceIndexAxis" xlink:href="lyg-20260630.xsd#lyg_PriceIndexAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PriceIndexAxis" xlink:to="lab_lyg_PriceIndexAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss_019f128c-b3cd-724f-8dff-fc8a66fcbe72_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income statement credit</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in net defined benefit liability (asset) resulting from expense (income) in profit or loss</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss" xlink:to="lab_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GrossLoanCommitments_019f128c-b318-73dd-911e-abdfa528b42a_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossLoanCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross loan commitments</link:label>
    <link:label id="lab_ifrs-full_GrossLoanCommitments_label_en-US" xlink:label="lab_ifrs-full_GrossLoanCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross loan commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossLoanCommitments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossLoanCommitments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossLoanCommitments" xlink:to="lab_ifrs-full_GrossLoanCommitments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_019f128c-b318-7d36-8ba6-5b1a2104da9d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_019f128c-b318-7272-8338-21722d1e7ebe_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions_019f128c-b45a-727b-8324-38eb446aba46_terseLabel_en-US" xlink:label="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charge for the period</link:label>
    <link:label id="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions_label_en-US" xlink:label="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Unused Provision Reversed)/ Additional Provision Charged, Other Provisions</link:label>
    <link:label id="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions_documentation_en-US" xlink:label="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">(Unused Provision Reversed)/ Additional Provision Charged, Other Provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions" xlink:href="lyg-20260630.xsd#lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions" xlink:to="lab_lyg_UnusedProvisionReversedAdditionalProvisionChargedOtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember_019f128c-b3cd-7d76-b2b6-dae92af3f87d_terseLabel_en-US" xlink:label="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Global tariff and political disruption risks</link:label>
    <link:label id="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember_label_en-US" xlink:label="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Tariff and Political Disruption Risks [Member]</link:label>
    <link:label id="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember_documentation_en-US" xlink:label="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global Tariff and Political Disruption Risks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GlobalTariffAndPoliticalDisruptionRisksMember" xlink:href="lyg-20260630.xsd#lyg_GlobalTariffAndPoliticalDisruptionRisksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GlobalTariffAndPoliticalDisruptionRisksMember" xlink:to="lab_lyg_GlobalTariffAndPoliticalDisruptionRisksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses_019f128c-b45a-7b58-abaf-0d0f09557deb_terseLabel_en-US" xlink:label="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax in respect of life assurance policyholder tax</link:label>
    <link:label id="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses_label_en-US" xlink:label="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Policyholder Deferred Tax Asset In Respect Of Life Assurance Expenses</link:label>
    <link:label id="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses_documentation_en-US" xlink:label="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of policyholder deferred tax asset in respect of life assurance expenses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:href="lyg-20260630.xsd#lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:to="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember_019f128c-b3cd-7f2c-901e-d83ac845a06d_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities carried at fair value &#163;m</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueMember"/>
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    <link:label id="lab_srt_ShareRepurchaseProgramAxis_019fa893-b89b-72cf-a15d-83b021d1b5e6_terseLabel_en-US" xlink:label="lab_srt_ShareRepurchaseProgramAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Axis]</link:label>
    <link:label id="lab_srt_ShareRepurchaseProgramAxis_label_en-US" xlink:label="lab_srt_ShareRepurchaseProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ShareRepurchaseProgramAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ShareRepurchaseProgramAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ShareRepurchaseProgramAxis" xlink:to="lab_srt_ShareRepurchaseProgramAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_019f128c-b318-76b1-ba29-7acf8b3cbecd_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rate of salary increases</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of expected rates of salary increases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases"/>
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    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_019f128c-b3cd-76ab-bbaf-bc442a3b145e_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Items that may subsequently be reclassified to profit or loss:</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems_019f128c-b45a-7362-8635-6fb2de7e982b_terseLabel_en-US" xlink:label="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent liabilities, commitments and guarantees [Line Items]</link:label>
    <link:label id="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems_label_en-US" xlink:label="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent Liabilities, Commitments And Guarantees [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems" xlink:href="lyg-20260630.xsd#lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems" xlink:to="lab_lyg_ContingentLiabilitiesCommitmentsAndGuaranteesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f128c-b3cd-749a-b736-c536e35da0b7_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Revaluation reserve in respect of debt securities held at fair value through other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f128c-b3cd-7d6a-bec6-6d19140c27cb_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares_019f128c-b3cd-79f0-b58a-cd7c313bdeba_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issue of ordinary shares</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfOrdinaryShares"/>
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    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain_019f128c-b3cd-75c9-80de-4a035169f28a_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems_019f128c-b45a-7355-94c5-1d513b6103ad_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of liabilities [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems"/>
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    <link:label id="lab_lyg_NotesInCirculation_019f128c-b3cd-7d4d-bc18-528095c26f26_terseLabel_en-US" xlink:label="lab_lyg_NotesInCirculation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes in circulation</link:label>
    <link:label id="lab_lyg_NotesInCirculation_label_en-US" xlink:label="lab_lyg_NotesInCirculation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes In Circulation</link:label>
    <link:label id="lab_lyg_NotesInCirculation_documentation_en-US" xlink:label="lab_lyg_NotesInCirculation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">No definition available.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NotesInCirculation" xlink:href="lyg-20260630.xsd#lyg_NotesInCirculation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NotesInCirculation" xlink:to="lab_lyg_NotesInCirculation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_019f128c-b45a-7975-8354-a447a243c7b6_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through other comprehensive income, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock_019f128c-b3cd-796f-ad07-66de5457a3ae_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of reconciliation of underlying basis to statutory results</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Reconciliation Of Underlying Basis To Statutory Results [Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of reconciliation of underlying basis to statutory results.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock" xlink:to="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MarketApproachMember_019f128c-b3cd-73c9-92c9-6ce732363435_terseLabel_en-US" xlink:label="lab_ifrs-full_MarketApproachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market values - property valuation</link:label>
    <link:label id="lab_ifrs-full_MarketApproachMember_label_en-US" xlink:label="lab_ifrs-full_MarketApproachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market approach [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MarketApproachMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MarketApproachMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MarketApproachMember" xlink:to="lab_ifrs-full_MarketApproachMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_019f128c-b3cd-7f81-8ff7-92f0197e81ee_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average rate of increase for pensions in payment</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of expected rates of pension increases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:to="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f128c-b45a-7049-b993-8631f1c61afc_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net gains on financial assets and liabilities at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_019f128c-b3cd-77c7-b3ef-714596e169db_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_019f128c-b3cd-78cf-b2b6-749d3e2764ed_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_019f128c-b3cd-7290-8c59-e7da2c58bfed_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to investments in equity instruments included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome"/>
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    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems_019f128c-b318-7c4e-8890-f82de356f98e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_019f128c-b45a-72d6-86af-ef466f7713e3_terseLabel_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employer contributions</link:label>
    <link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from resulting from contributions to plan by employer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory_019f128c-b45a-7d23-bba7-6910bae58326_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of provisions and liabilities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock_019f128c-b45a-78aa-9d07-fcac11b47e93_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of preparation and accounting policies</link:label>
    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Basis Of Preparation Of Financial Statements And Significant Accounting Policies [Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Basis Of Preparation Of Financial Statements And Significant Accounting Policies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAndSignificantAccountingPoliciesTextBlock"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset_019f128c-b3cd-78c7-8955-55a8e3c3f72b_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net investment return on assets held to back insurance and participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance revenue, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain_019f128c-b3cd-7341-80a8-547e2be25767_terseLabel_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [domain]</link:label>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain_label_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisaggregationOfInsuranceContractsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:to="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PlanAssetsMember_019f128c-b45a-796a-ab52-c25b32a45382_terseLabel_en-US" xlink:label="lab_ifrs-full_PlanAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of scheme assets</link:label>
    <link:label id="lab_ifrs-full_PlanAssetsMember_label_en-US" xlink:label="lab_ifrs-full_PlanAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PlanAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PlanAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PlanAssetsMember" xlink:to="lab_ifrs-full_PlanAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForInterestIncome_019f128c-b45a-7bf2-bee6-88a2e77029e6_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForInterestIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for interest income</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForInterestIncome_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForInterestIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for interest income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForInterestIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForInterestIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForInterestIncome" xlink:to="lab_ifrs-full_AdjustmentsForInterestIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PolicyholderTax_019f128c-b3cd-7def-9015-22ea4d9c28c2_negatedTerseLabel_en-US" xlink:label="lab_lyg_PolicyholderTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Policyholder tax in respect of the life assurance business</link:label>
    <link:label id="lab_lyg_PolicyholderTax_label_en-US" xlink:label="lab_lyg_PolicyholderTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Policyholder Tax</link:label>
    <link:label id="lab_lyg_PolicyholderTax_documentation_en-US" xlink:label="lab_lyg_PolicyholderTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of policyholder tax.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PolicyholderTax" xlink:href="lyg-20260630.xsd#lyg_PolicyholderTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PolicyholderTax" xlink:to="lab_lyg_PolicyholderTax" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_Retail1Member_019f128c-b3cd-7de7-a419-881b59211d0c_terseLabel_en-US" xlink:label="lab_lyg_Retail1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail</link:label>
    <link:label id="lab_lyg_Retail1Member_label_en-US" xlink:label="lab_lyg_Retail1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail1 [Member]</link:label>
    <link:label id="lab_lyg_Retail1Member_documentation_en-US" xlink:label="lab_lyg_Retail1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Retail1Member" xlink:href="lyg-20260630.xsd#lyg_Retail1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Retail1Member" xlink:to="lab_lyg_Retail1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingIncomeOther_019f128c-b3cd-734c-a494-d5100795faf4_terseLabel_en-US" xlink:label="lab_lyg_OperatingIncomeOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other operating income</link:label>
    <link:label id="lab_lyg_OperatingIncomeOther_label_en-US" xlink:label="lab_lyg_OperatingIncomeOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Income Other</link:label>
    <link:label id="lab_lyg_OperatingIncomeOther_documentation_en-US" xlink:label="lab_lyg_OperatingIncomeOther" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of operating income that the entity does not separately disclose in the same statement.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingIncomeOther" xlink:href="lyg-20260630.xsd#lyg_OperatingIncomeOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OperatingIncomeOther" xlink:to="lab_lyg_OperatingIncomeOther" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable_019f128c-b3cd-715c-b6a9-86032bdf292d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Allowance Account For Credit Losses Of Financial Assets [Table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualServiceMarginMember_019f128c-b318-70d7-b611-b415faeb49cc_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual service margin &#163;m</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMarginMember_label_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual service margin [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualServiceMarginMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualServiceMarginMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualServiceMarginMember" xlink:to="lab_ifrs-full_ContractualServiceMarginMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions_019f128c-b3cd-779e-a420-c25456f9159e_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movement in treasury shares</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through treasury share transactions, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceServiceResult_019f128c-b45a-798a-a4ed-3645de0bdaa2_totalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Insurance service result</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceResult_label_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance service result</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceResult" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceServiceResult"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceServiceResult" xlink:to="lab_ifrs-full_InsuranceServiceResult" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_019f238e-3cdd-7f04-9ca8-799e2e3dac8b_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other movements (cash and non-cash)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through other changes, liabilities arising from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremiumMember_019f1e03-0c88-730f-82a8-c76ea7809b9c_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:label id="lab_ifrs-full_SharePremiumMember_label_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharePremiumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenueOtherAmounts_019f128c-b45a-759e-9fa8-0d8f9c13a57b_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueOtherAmounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charges to funds in respect of policyholder tax and other</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenueOtherAmounts_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueOtherAmounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue, other amounts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenueOtherAmounts" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenueOtherAmounts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenueOtherAmounts" xlink:to="lab_ifrs-full_InsuranceRevenueOtherAmounts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfProgramDomain_019f128c-b45a-7031-8156-38b2642cf869_terseLabel_en-US" xlink:label="lab_lyg_TypeOfProgramDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type Of Program [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfProgramDomain_label_en-US" xlink:label="lab_lyg_TypeOfProgramDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Program [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfProgramDomain_documentation_en-US" xlink:label="lab_lyg_TypeOfProgramDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">na</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfProgramDomain" xlink:href="lyg-20260630.xsd#lyg_TypeOfProgramDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfProgramDomain" xlink:to="lab_lyg_TypeOfProgramDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterOneMember_019f128c-b318-7283-9173-1948f7a5d13f_terseLabel_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First quarter 2027 %</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterOneMember_label_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter One [Member]</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterOneMember_documentation_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OneYearAfterReportingYearQuarterOneMember" xlink:href="lyg-20260630.xsd#lyg_OneYearAfterReportingYearQuarterOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OneYearAfterReportingYearQuarterOneMember" xlink:to="lab_lyg_OneYearAfterReportingYearQuarterOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfDiscountRates_019f128c-b318-7867-a20d-a52b7a0ce1d1_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount rate</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfDiscountRates_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of discount rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:to="lab_ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RestructuringMember_019f1e45-7b25-72e1-8f5b-b07a406589cc_terseLabel_en-US" xlink:label="lab_lyg_RestructuringMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restructuring</link:label>
    <link:label id="lab_lyg_RestructuringMember_label_en-US" xlink:label="lab_lyg_RestructuringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restructuring [Member]</link:label>
    <link:label id="lab_lyg_RestructuringMember_documentation_en-US" xlink:label="lab_lyg_RestructuringMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restructuring</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RestructuringMember" xlink:href="lyg-20260630.xsd#lyg_RestructuringMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RestructuringMember" xlink:to="lab_lyg_RestructuringMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OneYearAfterReportingYearMember_019f128c-b3cd-7ef4-9771-49dd0ebf7ff6_terseLabel_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2027 %</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearMember_label_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year [Member]</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearMember_documentation_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OneYearAfterReportingYearMember" xlink:href="lyg-20260630.xsd#lyg_OneYearAfterReportingYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OneYearAfterReportingYearMember" xlink:to="lab_lyg_OneYearAfterReportingYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities_019f9027-e35e-7a60-a1fe-be5be38bbf28_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued during the period</link:label>
    <link:label id="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities_label_en-US" xlink:label="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Due To Issue Of Subordinated Liabilities</link:label>
    <link:label id="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities_documentation_en-US" xlink:label="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase Due To Issue Of Subordinated Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDueToIssueOfSubordinatedLiabilities" xlink:href="lyg-20260630.xsd#lyg_IncreaseDueToIssueOfSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDueToIssueOfSubordinatedLiabilities" xlink:to="lab_lyg_IncreaseDueToIssueOfSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019f128c-b45a-7cbc-a30e-02a898f3e940_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income attributable to equity holders</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019f128c-b45a-7f28-afbd-e6e9e3780516_verboseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to owners of the parent</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent_019f128c-b45a-7339-bfcf-c06f5cf78c14_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent"/>
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    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_019f128c-b45a-7c35-ad2c-193d50472386_verboseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Purchases/increases</link:label>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchases, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchasesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Liabilities_019f128c-b318-7b6f-8282-564796674853_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_019f128c-b318-7ef4-85a0-0d2f317219f3_verboseLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">External liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RestructuringAndOtherStaffCosts_019f128c-b3cd-7488-896c-297891cd3d7c_terseLabel_en-US" xlink:label="lab_lyg_RestructuringAndOtherStaffCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restructuring and other staff costs</link:label>
    <link:label id="lab_lyg_RestructuringAndOtherStaffCosts_label_en-US" xlink:label="lab_lyg_RestructuringAndOtherStaffCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restructuring And Other Staff Costs</link:label>
    <link:label id="lab_lyg_RestructuringAndOtherStaffCosts_documentation_en-US" xlink:label="lab_lyg_RestructuringAndOtherStaffCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of expense relating to restructuring and other staff costs.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RestructuringAndOtherStaffCosts" xlink:href="lyg-20260630.xsd#lyg_RestructuringAndOtherStaffCosts"/>
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    <link:label id="lab_ifrs-full_IssuedCapital_019f128c-b3cd-7117-88d8-53a47e4b9500_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
    <link:label id="lab_ifrs-full_IssuedCapital_label_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f128c-b45a-7dee-a830-bc4814714897_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f128c-b45a-734e-98bd-2bb1848cc5a5_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial assets at fair value through other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
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    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterFourMember_019f128c-b3cd-76d3-943e-2de9bfc5ca4f_terseLabel_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterFourMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fourth quarter 2027 %</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterFourMember_label_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter Four [Member]</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterFourMember_documentation_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter Four</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OneYearAfterReportingYearQuarterFourMember" xlink:href="lyg-20260630.xsd#lyg_OneYearAfterReportingYearQuarterFourMember"/>
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    <link:label id="lab_lyg_ChangeInOperatingAssets_019f128c-b318-73f0-a93d-842204d6c5a6_terseLabel_en-US" xlink:label="lab_lyg_ChangeInOperatingAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in operating assets</link:label>
    <link:label id="lab_lyg_ChangeInOperatingAssets_label_en-US" xlink:label="lab_lyg_ChangeInOperatingAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Operating Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangeInOperatingAssets" xlink:href="lyg-20260630.xsd#lyg_ChangeInOperatingAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChangeInOperatingAssets" xlink:to="lab_lyg_ChangeInOperatingAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSubordinatedLiabilitiesExplanatory_019f2375-e024-7f7e-9d6e-d4f34c0c0b3f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSubordinatedLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSubordinatedLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSubordinatedLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subordinated liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSubordinatedLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSubordinatedLiabilitiesExplanatory"/>
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    <link:label id="lab_lyg_NonCashAndOtherItems_019f128c-b45a-7383-aad9-313b5d6c068f_terseLabel_en-US" xlink:label="lab_lyg_NonCashAndOtherItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash and other items</link:label>
    <link:label id="lab_lyg_NonCashAndOtherItems_label_en-US" xlink:label="lab_lyg_NonCashAndOtherItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Cash And Other Items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NonCashAndOtherItems" xlink:href="lyg-20260630.xsd#lyg_NonCashAndOtherItems"/>
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    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_019f128c-b45a-706c-9482-25fa835302aa_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains recognised in the income statement within other income</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_019f128c-b318-7764-8a82-ba4ed927447a_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax on currency translation differences</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to exchange differences on translation of foreign operations included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome"/>
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    <link:label id="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities_019f12cb-417a-7f62-86f4-93cde23dde77_verboseLabel_en-US" xlink:label="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of businesses and joint ventures, net of cash acquired</link:label>
    <link:label id="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows From (Used In) Acquiring Businesses And Interests in Joint Ventures, Classified As Investing Activities</link:label>
    <link:label id="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flows From (Used In) Acquiring Businesses And Interests in Joint Ventures, Classified As Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:href="lyg-20260630.xsd#lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities"/>
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    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_019f128c-b3cd-7e11-93db-f37c7560e584_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UnitTrustAndInsuranceBroking_019f128c-b3cd-7b44-9873-73f9477079d6_terseLabel_en-US" xlink:label="lab_lyg_UnitTrustAndInsuranceBroking" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unit trust and insurance broking</link:label>
    <link:label id="lab_lyg_UnitTrustAndInsuranceBroking_label_en-US" xlink:label="lab_lyg_UnitTrustAndInsuranceBroking" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unit Trust And Insurance Broking</link:label>
    <link:label id="lab_lyg_UnitTrustAndInsuranceBroking_documentation_en-US" xlink:label="lab_lyg_UnitTrustAndInsuranceBroking" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of fee received from Unit trust and insurance broking activities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnitTrustAndInsuranceBroking" xlink:href="lyg-20260630.xsd#lyg_UnitTrustAndInsuranceBroking"/>
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    <link:label id="lab_lyg_ShortPositionsInSecurities1Member_019f128c-b45a-70d4-831e-c205d183edac_terseLabel_en-US" xlink:label="lab_lyg_ShortPositionsInSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short positions in securities</link:label>
    <link:label id="lab_lyg_ShortPositionsInSecurities1Member_label_en-US" xlink:label="lab_lyg_ShortPositionsInSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short Positions In Securities1 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShortPositionsInSecurities1Member" xlink:href="lyg-20260630.xsd#lyg_ShortPositionsInSecurities1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShortPositionsInSecurities1Member" xlink:to="lab_lyg_ShortPositionsInSecurities1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_019f128c-b45a-7636-a862-f1eed12c1899_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current tax liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax liabilities, current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CommercialPapersIssued_019f128c-b3cd-7ec4-8c8e-92a9cd681371_terseLabel_en-US" xlink:label="lab_ifrs-full_CommercialPapersIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial paper</link:label>
    <link:label id="lab_ifrs-full_CommercialPapersIssued_label_en-US" xlink:label="lab_ifrs-full_CommercialPapersIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial papers issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CommercialPapersIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CommercialPapersIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommercialPapersIssued" xlink:to="lab_ifrs-full_CommercialPapersIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RepossessionRiskMember_019f128c-b3cd-7e5d-ae9d-90d688b3ec01_terseLabel_en-US" xlink:label="lab_lyg_RepossessionRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repossession risk</link:label>
    <link:label id="lab_lyg_RepossessionRiskMember_label_en-US" xlink:label="lab_lyg_RepossessionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repossession Risk [Member]</link:label>
    <link:label id="lab_lyg_RepossessionRiskMember_documentation_en-US" xlink:label="lab_lyg_RepossessionRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repossession Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RepossessionRiskMember" xlink:href="lyg-20260630.xsd#lyg_RepossessionRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RepossessionRiskMember" xlink:to="lab_lyg_RepossessionRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherProvisions_019f128c-b3cd-7ad2-953a-adfce237c2c7_periodStartLabel_en-US" xlink:label="lab_ifrs-full_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Provisions at beginning of the period</link:label>
    <link:label id="lab_ifrs-full_OtherProvisions_019f128c-b3cd-724d-9175-15baac292ca2_periodEndLabel_en-US" xlink:label="lab_ifrs-full_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Provisions at end of the period</link:label>
    <link:label id="lab_ifrs-full_OtherProvisions_019f128c-b3cd-75a0-b003-e58459f1fa11_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_OtherProvisions_label_en-US" xlink:label="lab_ifrs-full_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherProvisions" xlink:to="lab_ifrs-full_OtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProductsAndServicesAxis_019f128c-b3cd-7adb-a669-3b2d2d084d7a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Products and services [axis]</link:label>
    <link:label id="lab_ifrs-full_ProductsAndServicesAxis_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and services [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProductsAndServicesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesAxis" xlink:to="lab_ifrs-full_ProductsAndServicesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_019f128c-b3cd-70ae-9317-c7ccccbc29c4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair values of financial assets and liabilities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilities_019f128c-b45a-7c38-ba2b-beb1e909fde9_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_019f128c-b45a-7f12-91a7-7dadd2e2901b_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilities" xlink:to="lab_ifrs-full_FinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MaximumExposureMember_019f128c-b3cd-7358-a283-6f78d009b315_terseLabel_en-US" xlink:label="lab_lyg_MaximumExposureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum exposure</link:label>
    <link:label id="lab_lyg_MaximumExposureMember_label_en-US" xlink:label="lab_lyg_MaximumExposureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Exposure [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MaximumExposureMember" xlink:href="lyg-20260630.xsd#lyg_MaximumExposureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MaximumExposureMember" xlink:to="lab_lyg_MaximumExposureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock_019f128c-b45a-7ee4-a90f-ecf9e79ece74_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of relationship between tax expense and accounting profit</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Reconciliation Of Charge Resulting From Applying UK Corporation Tax Rate [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Reconciliation Of Charge Resulting From Applying UK Corporation Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:to="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems_019f128c-b45a-7c54-9f0b-59b6597a9e45_terseLabel_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SEGMENTAL ANALYSIS (Details) - Schedule of Reconciliation of Underlying Basis to Statutory Results [Line Items]</link:label>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems_label_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEGMENTAL ANALYSIS (Details) - Schedule of Reconciliation of Underlying Basis to Statutory Results [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems" xlink:href="lyg-20260630.xsd#lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems" xlink:to="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019f128c-b45a-777e-aaf3-19b3a240f088_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Tax expense</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019f128c-b45a-75a4-91a2-c3606d423a66_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Tax expense</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateDerivativeMember_019f22b7-cdbd-777f-beeb-3aeefb56aaae_terseLabel_en-US" xlink:label="lab_lyg_InterestRateDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate derivatives</link:label>
    <link:label id="lab_lyg_InterestRateDerivativeMember_label_en-US" xlink:label="lab_lyg_InterestRateDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Derivative [Member]</link:label>
    <link:label id="lab_lyg_InterestRateDerivativeMember_documentation_en-US" xlink:label="lab_lyg_InterestRateDerivativeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for interest rate derivatives.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateDerivativeMember" xlink:href="lyg-20260630.xsd#lyg_InterestRateDerivativeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateDerivativeMember" xlink:to="lab_lyg_InterestRateDerivativeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsAbstract_019f128c-b3cd-73dc-91e5-952e8049972b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepositsFromBanks_019f128c-b318-7cf6-ae8e-cff0c13e0ae7_terseLabel_en-US" xlink:label="lab_ifrs-full_DepositsFromBanks" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits from banks</link:label>
    <link:label id="lab_ifrs-full_DepositsFromBanks_label_en-US" xlink:label="lab_ifrs-full_DepositsFromBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits from banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromBanks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepositsFromBanks" xlink:to="lab_ifrs-full_DepositsFromBanks" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputLiabilities_019f128c-b45a-7c0d-a74a-31a516f92753_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant unobservable input, liabilities</link:label>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant unobservable input, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantUnobservableInputLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantUnobservableInputLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantUnobservableInputLiabilities" xlink:to="lab_ifrs-full_SignificantUnobservableInputLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember_019f128c-b3cd-7a7c-a6c2-4b17f223308f_terseLabel_en-US" xlink:label="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from non-participating investment contracts</link:label>
    <link:label id="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember_label_en-US" xlink:label="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities Arising From Non Participating Investment Contracts [Member]</link:label>
    <link:label id="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember_documentation_en-US" xlink:label="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for liabilities arising from non-participating investment contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember" xlink:href="lyg-20260630.xsd#lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember" xlink:to="lab_lyg_LiabilitiesArisingFromNonParticipatingInvestmentContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_019f128c-b318-7ca9-b3fb-b5838a1dcd51_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale and maturity of financial assets</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales or maturity of financial instruments, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_019f128c-b3cd-7b13-b1e7-63a4885a861b_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows (used in) provided by operating activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
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    <link:label id="lab_ifrs-full_DepositsFromCustomers_019f128c-b45a-7934-b6d0-e0e536843ef7_terseLabel_en-US" xlink:label="lab_ifrs-full_DepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer deposits</link:label>
    <link:label id="lab_ifrs-full_DepositsFromCustomers_label_en-US" xlink:label="lab_ifrs-full_DepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepositsFromCustomers" xlink:to="lab_ifrs-full_DepositsFromCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndBankBalancesAtCentralBanks_019f128c-b3cd-7bb9-9e7f-112d2b86a5a7_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and balances at central banks</link:label>
    <link:label id="lab_ifrs-full_CashAndBankBalancesAtCentralBanks_label_en-US" xlink:label="lab_ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and bank balances at central banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndBankBalancesAtCentralBanks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:to="lab_ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_019f128c-b3cd-7924-90c7-1e191e752bbc_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_019f128c-b3cd-7857-9776-f552aacbd0e5_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at FVOCI</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) from investments in equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember_019f128c-b318-7790-8743-61315a90d95f_terseLabel_en-US" xlink:label="lab_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnities and other matters relating to legacy business disposals</link:label>
    <link:label id="lab_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember_label_en-US" xlink:label="lab_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnities And Other Matters Relating To Legacy Business Disposals [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember" xlink:href="lyg-20260630.xsd#lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember" xlink:to="lab_lyg_IndemnitiesAndOtherMattersRelatingToLegacyBusinessDisposalsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019f128c-b3cd-759c-93ac-83d434ae2c60_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities carried at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_019f128c-b45a-7e14-9d6d-dfda2d10b94b_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document period end date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansAndAdvancesToCustomersMember_019f128c-b45a-7a75-b50e-f6816e5c5ce1_terseLabel_en-US" xlink:label="lab_lyg_LoansAndAdvancesToCustomersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to customers</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToCustomersMember_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Advances To Customers [Member]</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToCustomersMember_documentation_en-US" xlink:label="lab_lyg_LoansAndAdvancesToCustomersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Loans and advances to customers.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToCustomersMember" xlink:href="lyg-20260630.xsd#lyg_LoansAndAdvancesToCustomersMember"/>
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    <link:label id="lab_ifrs-full_ContinuingOperationsMember_019f128c-b45a-75b5-8478-61c115685a03_terseLabel_en-US" xlink:label="lab_ifrs-full_ContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Continuing operations, unless line item indicates otherwise [member]</link:label>
    <link:label id="lab_ifrs-full_ContinuingOperationsMember_label_en-US" xlink:label="lab_ifrs-full_ContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing operations, unless line item indicates otherwise [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContinuingOperationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingOperationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContinuingOperationsMember" xlink:to="lab_ifrs-full_ContinuingOperationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_019f229d-99ef-7d40-93b5-f1bdb465169e_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [domain]</link:label>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain"/>
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    <link:label id="lab_ifrs-full_TopOfRangeMember_019f22a2-65c0-7e29-9b32-229766f62fcf_terseLabel_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum</link:label>
    <link:label id="lab_ifrs-full_TopOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Top of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TopOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TopOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TopOfRangeMember" xlink:to="lab_ifrs-full_TopOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges_019f128c-b3cd-7e0a-8632-57773f4e108e_terseLabel_en-US" xlink:label="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residual impairment and voluntary termination charges</link:label>
    <link:label id="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges_label_en-US" xlink:label="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residual Value And Voluntary Impairment Charges</link:label>
    <link:label id="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges_documentation_en-US" xlink:label="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">It represents information about amount of residual impairment charges and voluntary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ResidualValueAndVoluntaryImpairmentCharges" xlink:href="lyg-20260630.xsd#lyg_ResidualValueAndVoluntaryImpairmentCharges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ResidualValueAndVoluntaryImpairmentCharges" xlink:to="lab_lyg_ResidualValueAndVoluntaryImpairmentCharges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_019f128c-b45a-79a3-9759-94219c99f494_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InstrumentsProvidingSecurityForNotes_019f128c-b45a-77dc-aae8-7d36bc818e18_terseLabel_en-US" xlink:label="lab_lyg_InstrumentsProvidingSecurityForNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Instruments providing security for notes</link:label>
    <link:label id="lab_lyg_InstrumentsProvidingSecurityForNotes_label_en-US" xlink:label="lab_lyg_InstrumentsProvidingSecurityForNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Instruments Providing Security For Notes</link:label>
    <link:label id="lab_lyg_InstrumentsProvidingSecurityForNotes_documentation_en-US" xlink:label="lab_lyg_InstrumentsProvidingSecurityForNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Instruments Providing Security For Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InstrumentsProvidingSecurityForNotes" xlink:href="lyg-20260630.xsd#lyg_InstrumentsProvidingSecurityForNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InstrumentsProvidingSecurityForNotes" xlink:to="lab_lyg_InstrumentsProvidingSecurityForNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_StatementScenarioAxis_019f128c-b3cd-71e1-bfa5-e7be7a2724b1_terseLabel_en-US" xlink:label="lab_srt_StatementScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:label id="lab_srt_StatementScenarioAxis_label_en-US" xlink:label="lab_srt_StatementScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StatementScenarioAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_StatementScenarioAxis" xlink:to="lab_srt_StatementScenarioAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds_019f128c-b3cd-77d0-9c04-e77b63756327_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movement in third party interests in consolidated funds</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase/(Decrease) In Third Party Interests In Consolidated Funds</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase/(Decrease) In Third Party Interests In Consolidated Funds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds" xlink:href="lyg-20260630.xsd#lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds"/>
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    <link:label id="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTableTextBlock_019f128c-b3cd-713f-99ac-0d810f0ebf23_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of dividends on ordinary shares</link:label>
    <link:label id="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Dividends On Ordinary Shares [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDividendsOnOrdinarySharesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfDividendsOnOrdinarySharesTableTextBlock"/>
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    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_019f128c-b318-796d-a792-59d6cd8922f1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax losses where no deferred tax recognised</link:label>
    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax effect of tax losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfTaxLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfTaxLosses"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019f128c-b45a-7666-861a-8aa1b9e1b50e_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Remeasurements after tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019f128c-b45a-7f2c-b1f4-6680d978bf90_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Post-retirement defined benefit scheme remeasurements, net of tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
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    <link:label id="lab_dei_DocumentType_019f128c-b3cd-78a5-9733-0418ecd8d045_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
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    <link:label id="lab_lyg_FinancialAssetsAbstract_019f128c-b318-796d-98c8-832823df7ab7_terseLabel_en-US" xlink:label="lab_lyg_FinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:label id="lab_lyg_FinancialAssetsAbstract_label_en-US" xlink:label="lab_lyg_FinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets [Abstract]</link:label>
    <link:label id="lab_lyg_FinancialAssetsAbstract_documentation_en-US" xlink:label="lab_lyg_FinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialAssetsAbstract" xlink:href="lyg-20260630.xsd#lyg_FinancialAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialAssetsAbstract" xlink:to="lab_lyg_FinancialAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_019f128c-b318-72b6-b570-f92e6d6373e7_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionExpense_019f128c-b318-76c0-b14c-efefbda8d2d5_negatedLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Fee and commission expense</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionExpense_019f128c-b318-73d6-845d-02d1a754f2d8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fee and commission expense</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionExpense_label_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee and commission expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionExpense" xlink:to="lab_ifrs-full_FeeAndCommissionExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_019f128c-b3cd-7044-83e6-c453ab8b37d7_terseLabel_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior unsecured notes issued</link:label>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_label_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes and debentures issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotesAndDebenturesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotesAndDebenturesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotesAndDebenturesIssued" xlink:to="lab_ifrs-full_NotesAndDebenturesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_019f128c-b3cd-7d46-a584-1aff31246e18_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortisation of insurance acquisition cash flows</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through amortisation of insurance acquisition cash flows, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset"/>
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    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterThreeMember_019f128c-b45a-760a-ade7-52a5421cf2b7_terseLabel_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Third quarter 2027 %</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterThreeMember_label_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter Three [Member]</link:label>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterThreeMember_documentation_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearQuarterThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Year After Reporting Year, Quarter Three</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OneYearAfterReportingYearQuarterThreeMember" xlink:href="lyg-20260630.xsd#lyg_OneYearAfterReportingYearQuarterThreeMember"/>
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    <link:label id="lab_ifrs-full_RiskExposuresAxis_019f128c-b45a-7219-8199-257e36b05c01_terseLabel_en-US" xlink:label="lab_ifrs-full_RiskExposuresAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk exposures [axis]</link:label>
    <link:label id="lab_ifrs-full_RiskExposuresAxis_label_en-US" xlink:label="lab_ifrs-full_RiskExposuresAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk variables [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RiskExposuresAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RiskExposuresAxis"/>
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    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_019f128c-b3cd-7e79-ad0d-7ccd0151cd3e_terseLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous other operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders_019f128c-b3cd-7073-8e86-87db938ff0ea_terseLabel_en-US" xlink:label="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income attributable to other equity holders</link:label>
    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders_label_en-US" xlink:label="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income Attributable To Other Equity Holders</link:label>
    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders_documentation_en-US" xlink:label="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Total comprehensive income attributable to other equity holders.</link:label>
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    <link:label id="lab_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities_019f128c-b3cd-7aa0-b218-4bd02d7a69cc_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax refunded</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes refund, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities"/>
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    <link:label id="lab_lyg_ShareRepurchaseProgram2027Member_019fa893-b89b-7d23-98fc-4f98d16b66df_terseLabel_en-US" xlink:label="lab_lyg_ShareRepurchaseProgram2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Repurchase Program 2027</link:label>
    <link:label id="lab_lyg_ShareRepurchaseProgram2027Member_label_en-US" xlink:label="lab_lyg_ShareRepurchaseProgram2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program 2027 [Member]</link:label>
    <link:label id="lab_lyg_ShareRepurchaseProgram2027Member_documentation_en-US" xlink:label="lab_lyg_ShareRepurchaseProgram2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Repurchase Program 2027</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareRepurchaseProgram2027Member" xlink:href="lyg-20260630.xsd#lyg_ShareRepurchaseProgram2027Member"/>
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    <link:label id="lab_ifrs-full_IncomeStatementAbstract_019f128c-b3cd-7d2e-b9b6-bca097459213_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeStatementAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_019f12bc-c38c-7e34-8dc3-c77025e974c6_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Reclassification adjustments on cash flow hedges, net of tax</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification adjustments on cash flow hedges, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax"/>
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    <link:label id="lab_srt_RangeAxis_019f128c-b45a-77e1-a61f-0955cd6e9e18_terseLabel_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:label id="lab_srt_RangeAxis_label_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RangeAxis"/>
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    <link:label id="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessLineItems_019f128c-b3cd-7538-a5e1-8846a6b704ce_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfAnalysisOfInsuranceBusinessLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance business [Line Items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAnalysisOfInsuranceBusinessLineItems" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfAnalysisOfInsuranceBusinessLineItems"/>
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    <link:label id="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_019f128c-b3cd-7234-948a-41c820adf96a_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-taxable income</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011"/>
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    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_019f128c-b3cd-7c80-a906-bfd828cbebff_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty_019f128c-b3cd-7a2f-8550-f77ca716e74c_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment property gains (losses)</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on fair value adjustment, investment property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="lab_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_StockRepurchaseProgramAuthorizedAmount1_019fa893-b89b-70a9-9384-0fca1cb30e5d_terseLabel_en-US" xlink:label="lab_srt_StockRepurchaseProgramAuthorizedAmount1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share repurchase program, authorized, amount</link:label>
    <link:label id="lab_srt_StockRepurchaseProgramAuthorizedAmount1_label_en-US" xlink:label="lab_srt_StockRepurchaseProgramAuthorizedAmount1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program, Authorized, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StockRepurchaseProgramAuthorizedAmount1" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StockRepurchaseProgramAuthorizedAmount1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_StockRepurchaseProgramAuthorizedAmount1" xlink:to="lab_srt_StockRepurchaseProgramAuthorizedAmount1" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinancialLiabilitiesAbstract_019f128c-b45a-782e-ac25-f0e41062686e_terseLabel_en-US" xlink:label="lab_lyg_FinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:label id="lab_lyg_FinancialLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_FinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_FinancialLiabilitiesAbstract_documentation_en-US" xlink:label="lab_lyg_FinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialLiabilitiesAbstract" xlink:href="lyg-20260630.xsd#lyg_FinancialLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialLiabilitiesAbstract" xlink:to="lab_lyg_FinancialLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfAssetsAxis_019f128c-b45a-7f41-96df-ab43f7e5dfe0_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember_019f128c-b45a-7a5c-9b86-a36c0a4ac258_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Modelled ECL &#163;m</link:label>
    <link:label id="lab_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember_label_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected credit losses collectively assessed [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember" xlink:to="lab_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_019f128c-b3cd-7f07-905d-592488568688_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Net liability</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_019f128c-b3cd-785a-a15d-08e0f2b7bf25_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of sensitivity of level 3 valuations</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory_019f128c-b45a-7278-9509-ac83e74c9f56_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for expected credit losses</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of allowance for credit losses [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory"/>
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    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019f128c-b3cd-76a7-a95c-1f698d981876_negatedLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019f128c-b3cd-740d-b654-11e908b02cc0_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Underlying impairment charge</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019f128c-b3cd-7164-b26f-db1782a7bf11_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total impairment charge</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_019f128c-b3cd-7a61-8f92-1e734c5b02a9_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity excluding non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_019f128c-b3cd-7ec8-bd53-0319e3158923_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_ifrs-full_EarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeAxis_019f128c-b3cd-77dd-9e94-68bb35c27c2e_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:label id="lab_ifrs-full_RangeAxis_label_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MotorFinanceMember_019f128c-b45a-70e6-a1ff-05b143814451_terseLabel_en-US" xlink:label="lab_lyg_MotorFinanceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Motor finance</link:label>
    <link:label id="lab_lyg_MotorFinanceMember_label_en-US" xlink:label="lab_lyg_MotorFinanceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Motor Finance [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MotorFinanceMember" xlink:href="lyg-20260630.xsd#lyg_MotorFinanceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MotorFinanceMember" xlink:to="lab_lyg_MotorFinanceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_019f128c-b45a-7ddd-929a-72c7a0d57270_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareholdersEquity_019f128c-b3cd-7e14-b4bf-e10d0dca1b5d_totalLabel_en-US" xlink:label="lab_lyg_ShareholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Ordinary shareholders&#8217; equity</link:label>
    <link:label id="lab_lyg_ShareholdersEquity_label_en-US" xlink:label="lab_lyg_ShareholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders' Equity</link:label>
    <link:label id="lab_lyg_ShareholdersEquity_documentation_en-US" xlink:label="lab_lyg_ShareholdersEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">No definition available.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareholdersEquity" xlink:href="lyg-20260630.xsd#lyg_ShareholdersEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareholdersEquity" xlink:to="lab_lyg_ShareholdersEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ShareRepurchaseProgramDomain_019fa893-b89b-7ad2-8e8a-8a888086221e_terseLabel_en-US" xlink:label="lab_srt_ShareRepurchaseProgramDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Domain]</link:label>
    <link:label id="lab_srt_ShareRepurchaseProgramDomain_label_en-US" xlink:label="lab_srt_ShareRepurchaseProgramDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ShareRepurchaseProgramDomain" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ShareRepurchaseProgramDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ShareRepurchaseProgramDomain" xlink:to="lab_srt_ShareRepurchaseProgramDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_019f128c-b3cd-7278-8dbf-06a73f28ac5c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember_019f128c-b45a-736c-8920-7a888bb135a4_terseLabel_en-US" xlink:label="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dilapidations, rent reviews and other property related matters</link:label>
    <link:label id="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember_label_en-US" xlink:label="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilapidations, Rent Reviews And Other Property Related Matters [Member]</link:label>
    <link:label id="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember_documentation_en-US" xlink:label="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dilapidations, Rent Reviews And Other Property Related Matters</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember" xlink:href="lyg-20260630.xsd#lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember" xlink:to="lab_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SubordinatedLiabilitiesAbstract_019f2375-e024-7447-b34a-f19afd30a521_terseLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued during the year:</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SubordinatedLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SubordinatedLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SubordinatedLiabilitiesAbstract" xlink:to="lab_ifrs-full_SubordinatedLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019f128c-b45a-7b9a-af8c-e71283997fdd_verboseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_ifrs-full_DeferredTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PriceMeasurementInputMember_019f900e-4c23-7245-b5f5-778bf683b237_terseLabel_en-US" xlink:label="lab_lyg_PriceMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Price</link:label>
    <link:label id="lab_lyg_PriceMeasurementInputMember_label_en-US" xlink:label="lab_lyg_PriceMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Price, Measurement Input [Member]</link:label>
    <link:label id="lab_lyg_PriceMeasurementInputMember_documentation_en-US" xlink:label="lab_lyg_PriceMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Price, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PriceMeasurementInputMember" xlink:href="lyg-20260630.xsd#lyg_PriceMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PriceMeasurementInputMember" xlink:to="lab_lyg_PriceMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_019f128c-b3cd-7c70-9752-950912261efb_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Profit before tax</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_019f128c-b3cd-7d79-a157-38b28794bb2f_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit before tax</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_019f128c-b318-7fd9-bc8a-4348e538df90_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive (loss) income for the period, net of tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_019f128c-b45a-7c23-92bb-ce617aba4df4_negatedLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transfers out of the level 3 portfolio</link:label>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers out of Level 3 of fair value hierarchy, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets"/>
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    <link:label id="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_019f128c-b3cd-712a-be0e-4b7e365e029d_terseLabel_en-US" xlink:label="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net finance expense in respect of insurance and investment contracts</link:label>
    <link:label id="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_019f128c-b3cd-7269-9604-eb7a92e4a31a_totalLabel_en-US" xlink:label="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net finance expense in respect of insurance and investment contracts</link:label>
    <link:label id="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Income (Expense) From Insurance and Investment Contracts Issued, Recognised in Profit or Loss</link:label>
    <link:label id="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_documentation_en-US" xlink:label="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance Income (Expense) From Insurance and Investment Contracts Issued, Recognised in Profit or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:href="lyg-20260630.xsd#lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:to="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_019f128c-b45a-7e06-a8f6-2034925e03e4_terseLabel_en-US" xlink:label="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Underlying other income</link:label>
    <link:label id="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_019f3c9f-87fb-7f6d-83a0-aee0fa9abe7c_verboseLabel_en-US" xlink:label="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_label_en-US" xlink:label="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income Net Of Net Finance Income In Respect Of Insurance And Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:href="lyg-20260630.xsd#lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:to="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfUnemploymentRate_019f128c-b45a-7681-a30f-90d15a0da582_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfUnemploymentRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unemployment rate</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfUnemploymentRate_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfUnemploymentRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of Unemployment Rate</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfUnemploymentRate_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfUnemploymentRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The unemployment rate used as the significant assumption to determine expected credit loss allowance.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfUnemploymentRate" xlink:href="lyg-20260630.xsd#lyg_KeyAssumptionOfUnemploymentRate"/>
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    <link:label id="lab_lyg_NetFeeAndCommissionIncomeAbstract_019f128c-b45a-7f9e-9df0-4f4f711c611e_terseLabel_en-US" xlink:label="lab_lyg_NetFeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net fee and commission income</link:label>
    <link:label id="lab_lyg_NetFeeAndCommissionIncomeAbstract_label_en-US" xlink:label="lab_lyg_NetFeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Fee And Commission Income [Abstract]</link:label>
    <link:label id="lab_lyg_NetFeeAndCommissionIncomeAbstract_documentation_en-US" xlink:label="lab_lyg_NetFeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">n/a</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetFeeAndCommissionIncomeAbstract" xlink:href="lyg-20260630.xsd#lyg_NetFeeAndCommissionIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetFeeAndCommissionIncomeAbstract" xlink:to="lab_lyg_NetFeeAndCommissionIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019f12bc-c38c-7778-b3e9-2462ac019e4d_terseLabel_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income statement transfers in respect of impairment</link:label>
    <link:label id="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_label_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification Adjustments On Impairment Of Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax</link:label>
    <link:label id="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_documentation_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of reclassification adjustments related to impairment of financial assets measured at fair value through other comprehensive income, before tax.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:href="lyg-20260630.xsd#lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_019f128c-b45a-7a1b-96fe-1bc31fc85f01_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of financial liabilities carried at fair value by valuation hierarchy</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory"/>
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    <link:label id="lab_ifrs-full_IssueOfEquity_019f128c-b45a-78b6-9033-4bea57743434_terseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issue of ordinary shares</link:label>
    <link:label id="lab_ifrs-full_IssueOfEquity_label_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issue of equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssueOfEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssueOfEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssueOfEquity" xlink:to="lab_ifrs-full_IssueOfEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss_019f8e0c-a2cf-7718-91df-f97bae6eaba9_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net finance income (expense) from reinsurance contracts held</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income (expenses) from reinsurance contracts held recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsTable_019f128c-b318-7c60-a99d-f2b9e959caa2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other provisions [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan_019f128c-b45a-7f50-975a-fcf2c14c88ac_terseLabel_en-US" xlink:label="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement benefit assets</link:label>
    <link:label id="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan_label_en-US" xlink:label="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net defined benefit asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecognisedAssetsDefinedBenefitPlan"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:to="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CreditAndDebitCardFees_019f128c-b318-722b-8d45-2c45f5a34350_terseLabel_en-US" xlink:label="lab_lyg_CreditAndDebitCardFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit and debit card fees</link:label>
    <link:label id="lab_lyg_CreditAndDebitCardFees_label_en-US" xlink:label="lab_lyg_CreditAndDebitCardFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit And Debit Card Fees</link:label>
    <link:label id="lab_lyg_CreditAndDebitCardFees_documentation_en-US" xlink:label="lab_lyg_CreditAndDebitCardFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit And Debit Card Fees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditAndDebitCardFees" xlink:href="lyg-20260630.xsd#lyg_CreditAndDebitCardFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditAndDebitCardFees" xlink:to="lab_lyg_CreditAndDebitCardFees" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities_019f230b-4166-7328-aeb3-3c794b8ccee0_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Max up</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in unobservable input, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses_019f128c-b45a-7194-9f96-5832accd904b_terseLabel_en-US" xlink:label="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected claims and other insurance services expenses</link:label>
    <link:label id="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses_label_en-US" xlink:label="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Revenue, Expected Incurred Claims And Other Insurance Services Expenses</link:label>
    <link:label id="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses_documentation_en-US" xlink:label="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Revenue, Expected Incurred Claims And Other Insurance Services Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses" xlink:href="lyg-20260630.xsd#lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses" xlink:to="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedMember_019f128c-b45a-747c-ad44-3515cb5fa901_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedMember_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts issued [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsIssuedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsIssuedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsIssuedMember" xlink:to="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateContract1Member_019f128c-b45a-76e5-a96c-c2a5863d3ae8_terseLabel_en-US" xlink:label="lab_lyg_InterestRateContract1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contracts</link:label>
    <link:label id="lab_lyg_InterestRateContract1Member_label_en-US" xlink:label="lab_lyg_InterestRateContract1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contract1 [Member]</link:label>
    <link:label id="lab_lyg_InterestRateContract1Member_documentation_en-US" xlink:label="lab_lyg_InterestRateContract1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Contract1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateContract1Member" xlink:href="lyg-20260630.xsd#lyg_InterestRateContract1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateContract1Member" xlink:to="lab_lyg_InterestRateContract1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_019f128c-b3cd-7726-b5b5-ecdd92ba0066_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems_019f128c-b3cd-7f37-b6f1-230a443307b6_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items]</link:label>
    <link:label id="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Allowance Account For Credit Losses Of Financial Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems" xlink:to="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExchangeRateContractsMember_019f128c-b3cd-7ad2-9953-804e2b9c0478_terseLabel_en-US" xlink:label="lab_lyg_ExchangeRateContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange rate contracts</link:label>
    <link:label id="lab_lyg_ExchangeRateContractsMember_label_en-US" xlink:label="lab_lyg_ExchangeRateContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange Rate Contracts [Member]</link:label>
    <link:label id="lab_lyg_ExchangeRateContractsMember_documentation_en-US" xlink:label="lab_lyg_ExchangeRateContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for exchange rate contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExchangeRateContractsMember" xlink:href="lyg-20260630.xsd#lyg_ExchangeRateContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExchangeRateContractsMember" xlink:to="lab_lyg_ExchangeRateContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RetailOtherMember_019f128c-b318-752e-9ff6-03d57ed30528_terseLabel_en-US" xlink:label="lab_lyg_RetailOtherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Retail</link:label>
    <link:label id="lab_lyg_RetailOtherMember_label_en-US" xlink:label="lab_lyg_RetailOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail Other [Member]</link:label>
    <link:label id="lab_lyg_RetailOtherMember_documentation_en-US" xlink:label="lab_lyg_RetailOtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the information pertaining to other retail.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailOtherMember" xlink:href="lyg-20260630.xsd#lyg_RetailOtherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RetailOtherMember" xlink:to="lab_lyg_RetailOtherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentYearQuarterOneMember_019f128c-b318-74b2-8cb6-2388f3d3a450_terseLabel_en-US" xlink:label="lab_lyg_CurrentYearQuarterOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First quarter 2026 %</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterOneMember_label_en-US" xlink:label="lab_lyg_CurrentYearQuarterOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year Quarter One [Member]</link:label>
    <link:label id="lab_lyg_CurrentYearQuarterOneMember_documentation_en-US" xlink:label="lab_lyg_CurrentYearQuarterOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Year Quarter One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentYearQuarterOneMember" xlink:href="lyg-20260630.xsd#lyg_CurrentYearQuarterOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentYearQuarterOneMember" xlink:to="lab_lyg_CurrentYearQuarterOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsDomain_019f128c-b45a-7d6b-8acb-6777181e6126_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts [domain]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsDomain_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsDomain" xlink:to="lab_ifrs-full_InsuranceContractsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EquityAttributableToOrdinaryShareholdersMember_019f128c-b3cd-738d-b5c0-dec78ab5256e_terseLabel_en-US" xlink:label="lab_lyg_EquityAttributableToOrdinaryShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_lyg_EquityAttributableToOrdinaryShareholdersMember_label_en-US" xlink:label="lab_lyg_EquityAttributableToOrdinaryShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Attributable To Ordinary Shareholders [Member]</link:label>
    <link:label id="lab_lyg_EquityAttributableToOrdinaryShareholdersMember_documentation_en-US" xlink:label="lab_lyg_EquityAttributableToOrdinaryShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Attributable To Ordinary Shareholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquityAttributableToOrdinaryShareholdersMember" xlink:href="lyg-20260630.xsd#lyg_EquityAttributableToOrdinaryShareholdersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquityAttributableToOrdinaryShareholdersMember" xlink:to="lab_lyg_EquityAttributableToOrdinaryShareholdersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities_019f128c-b45a-7ec9-aa30-b4b2f3e4ef4c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Losses (gains) recognised in the income statement, within other income, relating to the change in fair value of those liabilities held</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in other comprehensive income excluding exchange differences, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeExcludingExchangeDifferencesFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_019f128c-b45a-7ee0-8bc9-5dcf04a0d2bf_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Items that will not subsequently be reclassified to profit or loss:</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NonDeductibleCostsConductCharges_019f128c-b3cd-7137-afbb-e7513bd118d1_negatedTerseLabel_en-US" xlink:label="lab_lyg_NonDeductibleCostsConductCharges" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Non-deductible costs: conduct charges</link:label>
    <link:label id="lab_lyg_NonDeductibleCostsConductCharges_label_en-US" xlink:label="lab_lyg_NonDeductibleCostsConductCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Deductible Costs, Conduct Charges</link:label>
    <link:label id="lab_lyg_NonDeductibleCostsConductCharges_documentation_en-US" xlink:label="lab_lyg_NonDeductibleCostsConductCharges" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Non-deductible costs relating to conduct charges.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NonDeductibleCostsConductCharges" xlink:href="lyg-20260630.xsd#lyg_NonDeductibleCostsConductCharges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NonDeductibleCostsConductCharges" xlink:to="lab_lyg_NonDeductibleCostsConductCharges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProductsAndServicesDomain_019f128c-b318-7f84-b51f-be18e1de1f25_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Products and services [domain]</link:label>
    <link:label id="lab_ifrs-full_ProductsAndServicesDomain_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and services [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProductsAndServicesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesDomain" xlink:to="lab_ifrs-full_ProductsAndServicesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageShares_019f128c-b3cd-7120-8e6b-a072923d93da_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average number of ordinary shares in issue &#8211; basic (in shares)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageShares"/>
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    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefit expense in profit or loss</link:label>
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    <link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_019f128c-b3cd-7234-8c61-d108f6290c3c_terseLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous other provisions [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherProvisionsMember"/>
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    <link:label id="lab_lyg_ScheduleOfOperatingSegmentsTextBlock_019f128c-b3cd-71a9-910c-2f60ff092d2c_verboseLabel_en-US" xlink:label="lab_lyg_ScheduleOfOperatingSegmentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Schedule of operating segments</link:label>
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    <link:label id="lab_lyg_ScheduleOfOperatingSegmentsTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfOperatingSegmentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfOperatingSegmentsTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfOperatingSegmentsTextBlock"/>
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    <link:label id="lab_lyg_TotalIncomeNetOfNetFinanceIncomeAndOperatingLeaseDepreciationInRespectOfInsuranceAndInvestmentContracts_019f128c-b45a-74a6-ae71-2c2dce195208_totalLabel_en-US" xlink:label="lab_lyg_TotalIncomeNetOfNetFinanceIncomeAndOperatingLeaseDepreciationInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Underlying income, net of underlying operating lease depreciation</link:label>
    <link:label id="lab_lyg_TotalIncomeNetOfNetFinanceIncomeAndOperatingLeaseDepreciationInRespectOfInsuranceAndInvestmentContracts_label_en-US" xlink:label="lab_lyg_TotalIncomeNetOfNetFinanceIncomeAndOperatingLeaseDepreciationInRespectOfInsuranceAndInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Income, Net of Net Finance Income and Operating Lease Depreciation in Respect of Insurance and Investment Contracts</link:label>
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    <link:label id="lab_ifrs-full_OtherReserves_019f128c-b3cd-7cbc-8f27-2d2bba995816_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
    <link:label id="lab_ifrs-full_OtherReserves_label_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReserves"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReserves" xlink:to="lab_ifrs-full_OtherReserves" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember_019f128c-b3cd-73f5-9f59-9ff8c49fb862_terseLabel_en-US" xlink:label="lab_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory and legal provisions</link:label>
    <link:label id="lab_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember_label_en-US" xlink:label="lab_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Provisions For Legal Actions And Regulatory Matters [Member]</link:label>
    <link:label id="lab_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember_documentation_en-US" xlink:label="lab_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Provisions for Legal Actions and Regulatory Matters [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember" xlink:href="lyg-20260630.xsd#lyg_OtherProvisionsForLegalActionsAndRegulatoryMattersMember"/>
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    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_019f128c-b45a-7826-a48a-e0b84152fc01_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in financial assets at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_AccumulatedImpairmentMember_019f128c-b45a-7e3f-94ee-f0830b0d1f66_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for expected credit losses</link:label>
    <link:label id="lab_ifrs-full_AccumulatedImpairmentMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated impairment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedImpairmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedImpairmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedImpairmentMember" xlink:to="lab_ifrs-full_AccumulatedImpairmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory_019f128c-b3cd-75bd-9ba9-8937d8bda740_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of insurance balances for liability for remaining coverage and liability for incurred claims</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [text block]</link:label>
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    <link:label id="lab_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember_019f128c-b45a-7e56-92ba-99e81ac1d3dd_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total non-life</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts to which premium allocation approach has been applied [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember"/>
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    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts_019f128c-b3cd-746f-bb16-b77dabdbbcb1_terseLabel_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net investment return on assets held to back non-participating investment contracts</link:label>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts_label_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Investment Return on Assets Held to Back Non-participating Investment Contracts</link:label>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts_documentation_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Investment Return on Assets Held to Back Non-participating Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts" xlink:href="lyg-20260630.xsd#lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts" xlink:to="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UnderlyingBasisMember_019f128c-b3cd-7174-8e2c-1b96b0c95c1c_terseLabel_en-US" xlink:label="lab_lyg_UnderlyingBasisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Underlying basis</link:label>
    <link:label id="lab_lyg_UnderlyingBasisMember_label_en-US" xlink:label="lab_lyg_UnderlyingBasisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Underlying Basis [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnderlyingBasisMember" xlink:href="lyg-20260630.xsd#lyg_UnderlyingBasisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnderlyingBasisMember" xlink:to="lab_lyg_UnderlyingBasisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_019f128c-b3cd-7511-bb62-be4e05fd0bc6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent liabilities, commitments and guarantees</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory"/>
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    <link:label id="lab_lyg_ProbabilityWeightedMember_019f128c-b45a-7ae9-9564-2c3bab38e92c_terseLabel_en-US" xlink:label="lab_lyg_ProbabilityWeightedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Probability-weighted</link:label>
    <link:label id="lab_lyg_ProbabilityWeightedMember_label_en-US" xlink:label="lab_lyg_ProbabilityWeightedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Probability Weighted [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProbabilityWeightedMember" xlink:href="lyg-20260630.xsd#lyg_ProbabilityWeightedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProbabilityWeightedMember" xlink:to="lab_lyg_ProbabilityWeightedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansDomain_019f128c-b3cd-70b8-b36d-d79b72ae1cf5_terseLabel_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined benefit plans [domain]</link:label>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansDomain_label_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit plans [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DefinedBenefitPlansDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitPlansDomain"/>
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    <link:label id="lab_lyg_OtherFinancialLiabilitiesMember_019f128c-b3cd-740d-8ff5-efb8ca62ff9f_terseLabel_en-US" xlink:label="lab_lyg_OtherFinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_OtherFinancialLiabilitiesMember_label_en-US" xlink:label="lab_lyg_OtherFinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Financial Liabilities [Member]</link:label>
    <link:label id="lab_lyg_OtherFinancialLiabilitiesMember_documentation_en-US" xlink:label="lab_lyg_OtherFinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financial Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherFinancialLiabilitiesMember" xlink:href="lyg-20260630.xsd#lyg_OtherFinancialLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherFinancialLiabilitiesMember" xlink:to="lab_lyg_OtherFinancialLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_019f128c-b45a-774f-9a9b-ba1b4e7af33b_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets_019f128c-b45a-7b6c-9c77-cc6208edc8b3_terseLabel_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contracts held with reinsurers</link:label>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets_label_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reinsurance contracts held that are assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReinsuranceContractsHeldThatAreAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:to="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_019f128c-b3cd-7dd6-820c-768c9cba331d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of derivative financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019f128c-b3cd-70c4-8613-23bdc93d0e52_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Change in cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in cash and cash equivalents after effect of exchange rate changes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DividendTypeDomain_019f128c-b3cd-7b96-91c4-1e59a336fac3_terseLabel_en-US" xlink:label="lab_lyg_DividendTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend type [Domain]</link:label>
    <link:label id="lab_lyg_DividendTypeDomain_label_en-US" xlink:label="lab_lyg_DividendTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DividendTypeDomain" xlink:href="lyg-20260630.xsd#lyg_DividendTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DividendTypeDomain" xlink:to="lab_lyg_DividendTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ThreeYearsAfterReportingYearMember_019f128c-b3cd-7365-891f-2314e0767530_terseLabel_en-US" xlink:label="lab_lyg_ThreeYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2029 %</link:label>
    <link:label id="lab_lyg_ThreeYearsAfterReportingYearMember_label_en-US" xlink:label="lab_lyg_ThreeYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Years After Reporting Year [Member]</link:label>
    <link:label id="lab_lyg_ThreeYearsAfterReportingYearMember_documentation_en-US" xlink:label="lab_lyg_ThreeYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Three Years After Reporting Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ThreeYearsAfterReportingYearMember" xlink:href="lyg-20260630.xsd#lyg_ThreeYearsAfterReportingYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ThreeYearsAfterReportingYearMember" xlink:to="lab_lyg_ThreeYearsAfterReportingYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019f128c-b3cd-769b-a22c-acb704fdc6c3_terseLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019f2375-e024-7b93-9f25-f79caef13879_periodStartLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Subordinated liabilities at the beginning of the period</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019f2375-e024-7c06-84db-dcb430b07d92_periodEndLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Subordinated liabilities at the end of the period</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SubordinatedLiabilities" xlink:to="lab_ifrs-full_SubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExchangeRateContractsAbstract_019f128c-b45a-75ff-a91b-0c212bf6575e_terseLabel_en-US" xlink:label="lab_lyg_ExchangeRateContractsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging</link:label>
    <link:label id="lab_lyg_ExchangeRateContractsAbstract_label_en-US" xlink:label="lab_lyg_ExchangeRateContractsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange Rate Contracts [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExchangeRateContractsAbstract" xlink:href="lyg-20260630.xsd#lyg_ExchangeRateContractsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExchangeRateContractsAbstract" xlink:to="lab_lyg_ExchangeRateContractsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_019f128c-b3cd-781c-8176-26fce50f6a78_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_019f128c-b318-7e2e-81e3-0fb0414c1242_totalLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Staff costs</link:label>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee benefits expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_019f128c-b45a-7a25-b8c4-9ca84e4de102_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortisation of intangible assets</link:label>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortisation, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments_019f128c-b3cd-7153-804c-adf08cf8b062_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issue of other equity instruments</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuing other equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssuingOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:to="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FairValueHedgesMember_019f128c-b3cd-7bbd-87b2-2afdffc636ed_terseLabel_en-US" xlink:label="lab_ifrs-full_FairValueHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value hedges</link:label>
    <link:label id="lab_ifrs-full_FairValueHedgesMember_label_en-US" xlink:label="lab_ifrs-full_FairValueHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value hedges [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueHedgesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FairValueHedgesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FairValueHedgesMember" xlink:to="lab_ifrs-full_FairValueHedgesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherMember_019f128c-b3cd-77ae-8a04-2881d5b1e039_terseLabel_en-US" xlink:label="lab_lyg_OtherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other &#163;m</link:label>
    <link:label id="lab_lyg_OtherMember_label_en-US" xlink:label="lab_lyg_OtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other [Member]</link:label>
    <link:label id="lab_lyg_OtherMember_documentation_en-US" xlink:label="lab_lyg_OtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Other.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherMember" xlink:href="lyg-20260630.xsd#lyg_OtherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherMember" xlink:to="lab_lyg_OtherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasuryShares_019f128c-b45a-719f-badd-6ca24ca795a8_terseLabel_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury and other bills</link:label>
    <link:label id="lab_ifrs-full_TreasuryShares_label_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasuryShares" xlink:to="lab_ifrs-full_TreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_019f26e0-5799-70b4-b553-38fc3b150f5a_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual capital commitments</link:label>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_label_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual capital commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualCapitalCommitments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualCapitalCommitments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualCapitalCommitments" xlink:to="lab_ifrs-full_ContractualCapitalCommitments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging_019f128c-b3cd-7675-bfb0-74ac2595a5b3_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial assets held for hedging</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:to="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact_019fa8c0-dbff-715e-b2d3-83ed523af16d_terseLabel_en-US" xlink:label="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes on investment income and gains, net impact</link:label>
    <link:label id="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact_label_en-US" xlink:label="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes on Investment Income and Gains, Net Impact</link:label>
    <link:label id="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact_documentation_en-US" xlink:label="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxes on Investment Income and Gains, Net Impact</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact" xlink:href="lyg-20260630.xsd#lyg_TaxesOnInvestmentIncomeAndGainsNetImpact"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact" xlink:to="lab_lyg_TaxesOnInvestmentIncomeAndGainsNetImpact" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_019f128c-b45a-78f6-a108-69a2e9ea1060_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable"/>
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    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_019f128c-b45a-7dca-9e1b-2f8937ae7c01_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
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    <link:label id="lab_lyg_DividendsOnOrdinarySharesTable_019f128c-b3cd-7dcd-ab7c-3d85ae84e28e_terseLabel_en-US" xlink:label="lab_lyg_DividendsOnOrdinarySharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends On Ordinary Shares [Table]</link:label>
    <link:label id="lab_lyg_DividendsOnOrdinarySharesTable_label_en-US" xlink:label="lab_lyg_DividendsOnOrdinarySharesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends On Ordinary Shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DividendsOnOrdinarySharesTable" xlink:href="lyg-20260630.xsd#lyg_DividendsOnOrdinarySharesTable"/>
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    <link:label id="lab_lyg_InstrumentsProvidingSecurityForBonds_019f128c-b45a-734f-96c0-62d74fd4b4a7_terseLabel_en-US" xlink:label="lab_lyg_InstrumentsProvidingSecurityForBonds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Instruments providing security for bonds</link:label>
    <link:label id="lab_lyg_InstrumentsProvidingSecurityForBonds_label_en-US" xlink:label="lab_lyg_InstrumentsProvidingSecurityForBonds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Instruments Providing Security For Bonds</link:label>
    <link:label id="lab_lyg_InstrumentsProvidingSecurityForBonds_documentation_en-US" xlink:label="lab_lyg_InstrumentsProvidingSecurityForBonds" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Instruments Providing Security For Bonds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InstrumentsProvidingSecurityForBonds" xlink:href="lyg-20260630.xsd#lyg_InstrumentsProvidingSecurityForBonds"/>
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    <link:label id="lab_lyg_KeyAssumptionOfCPIInflation_019f128c-b45a-70ac-8d87-c02b20935e98_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfCPIInflation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CPI inflation</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfCPIInflation_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfCPIInflation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of CPI Inflation</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfCPIInflation_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfCPIInflation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Key Assumption Of CPI Inflation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfCPIInflation" xlink:href="lyg-20260630.xsd#lyg_KeyAssumptionOfCPIInflation"/>
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    <link:label id="lab_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems_019f128c-b3cd-71ce-b22d-c90dd7fa440b_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Retirement Benefit Charges to Income Statement [Line Items]</link:label>
    <link:label id="lab_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems_label_en-US" xlink:label="lab_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Retirement Benefit Charges To Income Statement [Line Items]</link:label>
    <link:label id="lab_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems_documentation_en-US" xlink:label="lab_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Retirement Benefit Charges To Income Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfRetirementBenefitChargesToIncomeStatementLineItems"/>
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    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue_019f12a0-b5cf-7afb-93c6-82cd4809d5dd_negatedTerseLabel_en-US" xlink:label="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue_label_en-US" xlink:label="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income, Effective Portion of Changes in Fair Value</link:label>
    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue_documentation_en-US" xlink:label="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income, Effective Portion of Changes in Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue" xlink:href="lyg-20260630.xsd#lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue"/>
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    <link:label id="lab_ifrs-full_SegmentsAxis_019f128c-b45a-79dd-9727-0298a236e6e2_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsAxis"/>
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    <link:label id="lab_lyg_InsuranceAcquisitionCashFlowsAssets_019f128c-b318-7f83-9bcc-1f35456585e0_terseLabel_en-US" xlink:label="lab_lyg_InsuranceAcquisitionCashFlowsAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance acquisition assets</link:label>
    <link:label id="lab_lyg_InsuranceAcquisitionCashFlowsAssets_label_en-US" xlink:label="lab_lyg_InsuranceAcquisitionCashFlowsAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Acquisition Cash Flows Assets</link:label>
    <link:label id="lab_lyg_InsuranceAcquisitionCashFlowsAssets_documentation_en-US" xlink:label="lab_lyg_InsuranceAcquisitionCashFlowsAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Acquisition Cash Flows Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceAcquisitionCashFlowsAssets" xlink:href="lyg-20260630.xsd#lyg_InsuranceAcquisitionCashFlowsAssets"/>
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    <link:label id="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member_019f128c-b318-776a-9a07-0d7055c11e8c_terseLabel_en-US" xlink:label="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities in respect of securities sold under repurchase agreements</link:label>
    <link:label id="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member_label_en-US" xlink:label="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities Sold Under Agreements To Repurchase1 [Member]</link:label>
    <link:label id="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member_documentation_en-US" xlink:label="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities Sold Under Agreements To Repurchase1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:href="lyg-20260630.xsd#lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member"/>
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    <link:label id="lab_ifrs-full_ClassesOfAssetsDomain_019f128c-b3cd-7541-99c4-7b43ce33b310_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of assets [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsDomain" xlink:to="lab_ifrs-full_ClassesOfAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_019f128c-b3cd-719c-9fc5-021a6ae20ec3_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current fiscal year end date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
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    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019f128c-b3cd-79c5-b172-b61d007d9556_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</link:label>
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    <link:label id="lab_lyg_IrrevocableCommitments_019f128c-b3cd-7081-ae14-64b4faf6be52_terseLabel_en-US" xlink:label="lab_lyg_IrrevocableCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Irrevocable commitments and guarantees</link:label>
    <link:label id="lab_lyg_IrrevocableCommitments_label_en-US" xlink:label="lab_lyg_IrrevocableCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Irrevocable Commitments</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset_019f128c-b45a-7e36-a013-1bf4c5e540af_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes that relate to future service: (losses) reversal of losses on onerous contracts</link:label>
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    <link:label id="lab_ifrs-full_TypesOfHedgesDomain_019f128c-b3cd-774f-8be3-89a09b2bd5e4_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of hedges [domain]</link:label>
    <link:label id="lab_ifrs-full_TypesOfHedgesDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of hedges [domain]</link:label>
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    <link:label id="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare_019f128c-b45a-7421-a0be-b64eb101ed0c_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend per share (GBP per share)</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid, ordinary shares per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare"/>
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    <link:label id="lab_lyg_TaxEffectOfExpenseNonTaxableNonDeductibleInDeterminingTaxableProfitTaxLossForeignExchangeGainsLosses_019f1e6b-66ac-790f-9017-2263efaf6527_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxEffectOfExpenseNonTaxableNonDeductibleInDeterminingTaxableProfitTaxLossForeignExchangeGainsLosses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Non-taxable (non-deductible) foreign exchange gains (losses)</link:label>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019f128c-b45a-73bc-b14e-8db55da238c8_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gains and (losses) net of tax</link:label>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability</link:label>
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    <link:label id="lab_ifrs-full_BottomOfRangeMember_019f229e-4cf4-7a43-bef9-5169575f644c_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum</link:label>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BottomOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BottomOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsTable_019f128c-b45a-7182-89a4-9e9ee2f753c1_terseLabel_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments [Table]</link:label>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsTable_label_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Financial Instruments [Table]</link:label>
    <link:label id="lab_lyg_DerivativeFinancialInstrumentsTable_documentation_en-US" xlink:label="lab_lyg_DerivativeFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">n/a</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeFinancialInstrumentsTable" xlink:href="lyg-20260630.xsd#lyg_DerivativeFinancialInstrumentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeFinancialInstrumentsTable" xlink:to="lab_lyg_DerivativeFinancialInstrumentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfHedgesAxis_019f128c-b3cd-7ca6-a6fd-da4af2afea23_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of hedges [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfHedgesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of hedges [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfHedgesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfHedgesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfHedgesAxis" xlink:to="lab_ifrs-full_TypesOfHedgesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MovementsInCashFlowHedgingReserveAbstract_019f128c-b45a-7901-ad61-378035152c84_terseLabel_en-US" xlink:label="lab_lyg_MovementsInCashFlowHedgingReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movements in cash flow hedge reserve:</link:label>
    <link:label id="lab_lyg_MovementsInCashFlowHedgingReserveAbstract_label_en-US" xlink:label="lab_lyg_MovementsInCashFlowHedgingReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movements In Cash Flow Hedging Reserve [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MovementsInCashFlowHedgingReserveAbstract" xlink:href="lyg-20260630.xsd#lyg_MovementsInCashFlowHedgingReserveAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MovementsInCashFlowHedgingReserveAbstract" xlink:to="lab_lyg_MovementsInCashFlowHedgingReserveAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeld_019f128c-b45a-7cc6-97a9-e52976fc3149_verboseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt securities</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeld_019f128c-b45a-77d0-bcc6-9e0e2e9522d6_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeld_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeld" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsHeld" xlink:to="lab_ifrs-full_DebtInstrumentsHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_019f128c-b318-7f5c-8807-70e918f75f21_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities at amortised cost</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities at amortised cost, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_019f128c-b3cd-76f6-92b4-87b6ce60e9c2_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities held for hedging</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes paid (refund) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundAbstract"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_019f128c-b45a-7a46-97fc-131c440fb7e0_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets held at amortised cost</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember"/>
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    <link:label id="lab_ifrs-full_ProfitLoss_019f128c-b45a-7506-aa8f-30ba5ec16058_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Profit after tax</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_019f128c-b45a-777c-a4cc-4f73b306a7a6_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit for the&#160;period</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_label_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherRevenue_019fa8fd-105a-7294-b563-166922772fa6_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherRevenue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_ifrs-full_OtherRevenue_label_en-US" xlink:label="lab_ifrs-full_OtherRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherRevenue" xlink:to="lab_ifrs-full_OtherRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_019f128c-b45a-72aa-af51-13ef0287ea2a_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flow hedging reserve</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_019f128c-b45a-726a-82f1-109a1cca0b6f_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Movements in cash flow hedge reserve, net of tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssets_019f128c-b45a-7fb3-8ca3-315b37dab75f_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019f128c-b45a-74bf-a398-1fe03b81de3d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019f128c-b45a-7f5f-81db-30f7af3c9a27_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for expected credit losses</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019f128c-b45a-784d-92b6-da8dae203329_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Opening ECL</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019f128c-b45a-74ae-947c-861e0b1bb83f_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Closing ECL</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_label_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssets"/>
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    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_019f128c-b318-79ef-90eb-7a49cffe0984_terseLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined contribution schemes</link:label>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_label_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefit expense, defined contribution plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans"/>
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    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers_019f12a0-b5cf-789f-870d-ad83a610b705_negatedTerseLabel_en-US" xlink:label="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers_label_en-US" xlink:label="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income, Net Income Statement Transfers</link:label>
    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers_documentation_en-US" xlink:label="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income, Net Income Statement Transfers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers" xlink:href="lyg-20260630.xsd#lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers" xlink:to="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_019f129f-9470-75ab-9fcb-f253455b7ef7_negatedTerseLabel_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_label_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income Included In Other Comprehensive Income, Change in Fair Value</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_documentation_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income Included In Other Comprehensive Income, Change in Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:href="lyg-20260630.xsd#lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:to="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_019f128c-b45a-763c-a454-e24ad5e01d9c_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_019f128c-b3cd-7fed-a6e9-c03adcb9705b_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityDomain" xlink:to="lab_ifrs-full_ComponentsOfEquityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaid_019f128c-b3cd-7c93-a3ab-59dcb650d452_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaid" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends (note 17)</link:label>
    <link:label id="lab_ifrs-full_DividendsPaid_label_en-US" xlink:label="lab_ifrs-full_DividendsPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends recognised as distributions to owners</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaid" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid" xlink:to="lab_ifrs-full_DividendsPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_019f128c-b318-7829-a83b-178281817cc8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldMember_019f128c-b45a-7ba1-8569-ea14901d09f2_terseLabel_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reinsurance contracts held</link:label>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldMember_label_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reinsurance contracts held [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReinsuranceContractsHeldMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReinsuranceContractsHeldMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceContractsHeldMember" xlink:to="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract_019f128c-b45a-79db-bdb3-bc32f143fa38_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movements in revaluation reserve in respect of debt securities held at FVOCI:</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets measured at fair value through other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageMember_019f128c-b3cd-792f-8159-dbe622cd06bc_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2026 to 2030 average %</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageMember_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageMember" xlink:to="lab_ifrs-full_WeightedAverageMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NetAssetValueMember_019f22aa-c5d8-7753-b7b9-a838b96d03ba_terseLabel_en-US" xlink:label="lab_ifrs-full_NetAssetValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net asset value</link:label>
    <link:label id="lab_ifrs-full_NetAssetValueMember_label_en-US" xlink:label="lab_ifrs-full_NetAssetValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net asset value [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetAssetValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetAssetValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAssetValueMember" xlink:to="lab_ifrs-full_NetAssetValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProvisionForCreditCommitmentsMember_019f128c-b45a-794b-8140-f5ac616d3e0b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionForCreditCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions for financial commitments and guarantees</link:label>
    <link:label id="lab_ifrs-full_ProvisionForCreditCommitmentsMember_label_en-US" xlink:label="lab_ifrs-full_ProvisionForCreditCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for credit commitments [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionForCreditCommitmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionForCreditCommitmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionForCreditCommitmentsMember" xlink:to="lab_ifrs-full_ProvisionForCreditCommitmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CommercialBankingAndTreasuryFees_019f128c-b318-7bde-9de3-06708078237b_terseLabel_en-US" xlink:label="lab_lyg_CommercialBankingAndTreasuryFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial banking and treasury fees</link:label>
    <link:label id="lab_lyg_CommercialBankingAndTreasuryFees_label_en-US" xlink:label="lab_lyg_CommercialBankingAndTreasuryFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Banking and Treasury Fees</link:label>
    <link:label id="lab_lyg_CommercialBankingAndTreasuryFees_documentation_en-US" xlink:label="lab_lyg_CommercialBankingAndTreasuryFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income recognised for commercial banking and treasury fees charged by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingAndTreasuryFees" xlink:href="lyg-20260630.xsd#lyg_CommercialBankingAndTreasuryFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialBankingAndTreasuryFees" xlink:to="lab_lyg_CommercialBankingAndTreasuryFees" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsMember_019f128c-b318-7131-95e7-2c528b574923_verboseLabel_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Insurance, Pensions and Investments &#163;m</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsMember_label_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance, Pensions And Investments [Member]</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsMember_documentation_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsurancePensionsAndInvestmentsMember" xlink:href="lyg-20260630.xsd#lyg_InsurancePensionsAndInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsurancePensionsAndInvestmentsMember" xlink:to="lab_lyg_InsurancePensionsAndInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RedemptionFairValueMeasurementLiabilities_019f128c-b45a-7c30-9947-2d33e52d5aed_negatedLabel_en-US" xlink:label="lab_lyg_RedemptionFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Redemptions</link:label>
    <link:label id="lab_lyg_RedemptionFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_lyg_RedemptionFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redemption, Fair Value Measurement, Liabilities</link:label>
    <link:label id="lab_lyg_RedemptionFairValueMeasurementLiabilities_documentation_en-US" xlink:label="lab_lyg_RedemptionFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The decrease in the fair value measurement of liabilities resulting from redemption.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RedemptionFairValueMeasurementLiabilities" xlink:href="lyg-20260630.xsd#lyg_RedemptionFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RedemptionFairValueMeasurementLiabilities" xlink:to="lab_lyg_RedemptionFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_019f128c-b3cd-7703-846b-144917ff974c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segmental analysis</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxAssets_019f128c-b45a-7e83-904d-6a9be01a34a2_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current tax recoverable</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxAssets" xlink:to="lab_ifrs-full_CurrentTaxAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems_019f128c-b3cd-7cfb-8154-50162f89173d_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Securitisation and Covered Bond Programmes [Line Items]</link:label>
    <link:label id="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems_label_en-US" xlink:label="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Securitisation and Covered Bond Programmes [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems" xlink:to="lab_lyg_ScheduleOfSecuritisationAndCoveredBondProgrammesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RiskExposuresDomain_019f128c-b45a-7cb5-a006-139528652fb2_terseLabel_en-US" xlink:label="lab_ifrs-full_RiskExposuresDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk exposures [member]</link:label>
    <link:label id="lab_ifrs-full_RiskExposuresDomain_label_en-US" xlink:label="lab_ifrs-full_RiskExposuresDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk variables [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RiskExposuresDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RiskExposuresDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RiskExposuresDomain" xlink:to="lab_ifrs-full_RiskExposuresDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain_019f128c-b3cd-79ad-b2b0-151042b3eadc_terseLabel_en-US" xlink:label="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Method of assessment of expected credit losses [domain]</link:label>
    <link:label id="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain_label_en-US" xlink:label="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Method of assessment of expected credit losses [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:to="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfHousePriceGrowth_019f128c-b3cd-7f97-a71f-1c97bcb2c5f5_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfHousePriceGrowth" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">House price growth</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfHousePriceGrowth_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfHousePriceGrowth" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of House Price Growth</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfHousePriceGrowth_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfHousePriceGrowth" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The house price growth used as the significant assumption to determine expected credit loss allowance.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfHousePriceGrowth" xlink:href="lyg-20260630.xsd#lyg_KeyAssumptionOfHousePriceGrowth"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_KeyAssumptionOfHousePriceGrowth" xlink:to="lab_lyg_KeyAssumptionOfHousePriceGrowth" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock_019f128c-b45a-7b8e-a9bf-4b9769853ab4_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of debt securities in issue</link:label>
    <link:label id="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Debt Securities In Issue [Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfDebtSecuritiesInIssueTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock" xlink:to="lab_lyg_ScheduleOfDebtSecuritiesInIssueTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_019f128c-b3cd-7549-88d1-031a40d5c289_negatedLabel_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Provisions applied</link:label>
    <link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision used, other provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionUsedOtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:to="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeDomain_019f128c-b3cd-73c1-87a2-6e2b181c776a_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [domain]</link:label>
    <link:label id="lab_ifrs-full_RangeDomain_label_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeDomain" xlink:to="lab_ifrs-full_RangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis_019f128c-b3cd-7edb-8174-9dc850139ce5_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_019f128c-b45a-7a38-9f19-2532b5310872_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained profits</link:label>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember" xlink:to="lab_ifrs-full_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices_019f128c-b45a-78f6-8dde-5d45d3fc0a21_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CSM recognised for services provided</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue, contractual service margin recognised in profit or loss because of transfer of insurance contract services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices" xlink:to="lab_ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets_019f128c-b3cd-7460-8121-fbdd1ca32992_negatedTotalLabel_en-US" xlink:label="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Insurance and participating investment contracts net liability</link:label>
    <link:label id="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets_label_en-US" xlink:label="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Contracts Issued That Are Liabilities, Net of Insurance Acquisition Assets</link:label>
    <link:label id="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets_documentation_en-US" xlink:label="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Contracts Issued That Are Liabilities, Net of Insurance Acquisition Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:href="lyg-20260630.xsd#lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:to="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities_019f230b-fb07-728b-9431-d7865e4abf90_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unfavourable changes &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInCurrentTaxLiability_019f128c-b45a-7475-971c-da8334f3ef2f_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInCurrentTaxLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in current tax liabilities</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInCurrentTaxLiability_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInCurrentTaxLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Current Tax Liability</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInCurrentTaxLiability_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInCurrentTaxLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Current Tax Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInCurrentTaxLiability" xlink:href="lyg-20260630.xsd#lyg_IncreaseDecreaseInCurrentTaxLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInCurrentTaxLiability" xlink:to="lab_lyg_IncreaseDecreaseInCurrentTaxLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueFromInterest_019f128c-b45a-7141-9947-20d54196382c_verboseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_ifrs-full_RevenueFromInterest_label_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromInterest" xlink:to="lab_ifrs-full_RevenueFromInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock_019f128c-b45a-7e48-ada4-67aa4717f93c_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of movements in the level 3 financial assets portfolio</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Reconciliation Of Changes In Fair Value Measurement Assets [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of reconciliation of changes in fair value measurement assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock" xlink:to="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RecurringFairValueMeasurementMember_019f22af-4009-7b5c-a915-a0e2587e3027_terseLabel_en-US" xlink:label="lab_ifrs-full_RecurringFairValueMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recurring fair value measurement</link:label>
    <link:label id="lab_ifrs-full_RecurringFairValueMeasurementMember_label_en-US" xlink:label="lab_ifrs-full_RecurringFairValueMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recurring fair value measurement [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RecurringFairValueMeasurementMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecurringFairValueMeasurementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecurringFairValueMeasurementMember" xlink:to="lab_ifrs-full_RecurringFairValueMeasurementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_019f128c-b45a-7253-a57b-339b3681d939_terseLabel_en-US" xlink:label="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Present value of funded obligations</link:label>
    <link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_label_en-US" xlink:label="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Present value of defined benefit obligation [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PresentValueOfDefinedBenefitObligationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:to="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRate_019f128c-b3cd-73d1-82b9-2749eb248acb_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK Bank Rate</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRate_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of Interest Rate</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRate_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The interest rate used as the significant assumption to determine expected credit loss allowance.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfInterestRate" xlink:href="lyg-20260630.xsd#lyg_KeyAssumptionOfInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_KeyAssumptionOfInterestRate" xlink:to="lab_lyg_KeyAssumptionOfInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems_019f128c-b318-7c96-91c0-70a0fe6de2db_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Fair Value Measurement of Financial Assets and Financial Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Fair Value Measurement Of Financial Assets And Financial Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems_documentation_en-US" xlink:label="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems" xlink:to="lab_lyg_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScenarioUnspecifiedDomain_019f128c-b45a-7120-9bf3-4d2ba7a18727_terseLabel_en-US" xlink:label="lab_srt_ScenarioUnspecifiedDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario [Domain]</link:label>
    <link:label id="lab_srt_ScenarioUnspecifiedDomain_label_en-US" xlink:label="lab_srt_ScenarioUnspecifiedDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScenarioUnspecifiedDomain" xlink:to="lab_srt_ScenarioUnspecifiedDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EconomicAssumptionPeriodAxis_019f128c-b45a-7272-83c8-4eeb2a71acd2_terseLabel_en-US" xlink:label="lab_lyg_EconomicAssumptionPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Economic Assumption Period [Axis]</link:label>
    <link:label id="lab_lyg_EconomicAssumptionPeriodAxis_label_en-US" xlink:label="lab_lyg_EconomicAssumptionPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Economic Assumption Period [Axis]</link:label>
    <link:label id="lab_lyg_EconomicAssumptionPeriodAxis_documentation_en-US" xlink:label="lab_lyg_EconomicAssumptionPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Economic Assumption Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EconomicAssumptionPeriodAxis" xlink:href="lyg-20260630.xsd#lyg_EconomicAssumptionPeriodAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EconomicAssumptionPeriodAxis" xlink:to="lab_lyg_EconomicAssumptionPeriodAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncomeAbstract_019f128c-b45a-7671-8767-151c5d082d1c_terseLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fee and commission income:</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee and commission income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionIncomeAbstract" xlink:to="lab_ifrs-full_FeeAndCommissionIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceBusinessAbstract_label_en-US" xlink:label="lab_lyg_InsuranceBusinessAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance business [Abstract]</link:label>
    <link:label id="lab_lyg_InsuranceBusinessAbstract_documentation_en-US" xlink:label="lab_lyg_InsuranceBusinessAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance business [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceBusinessAbstract" xlink:href="lyg-20260630.xsd#lyg_InsuranceBusinessAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceBusinessAbstract" xlink:to="lab_lyg_InsuranceBusinessAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_019f128c-b3cd-7c2c-91ad-dfd3beec89a1_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation</link:label>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock_019f128c-b318-7e0a-936c-79b690873ebe_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of movements in the level 3 financial liabilities portfolio</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Reconciliation Of Changes In Fair Value Measurement Liabilities [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of reconciliation of changes in fair value measurement liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock" xlink:to="lab_lyg_DisclosureOfReconciliationOfChangesInFairValueMeasurementLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesAbstract_019f128c-b3cd-7cfa-bbf1-09b044ed60fe_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract" xlink:to="lab_ifrs-full_LiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BondsIssued_019f128c-b3cd-7895-9035-230b3253e4c2_terseLabel_en-US" xlink:label="lab_ifrs-full_BondsIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covered bonds</link:label>
    <link:label id="lab_ifrs-full_BondsIssued_label_en-US" xlink:label="lab_ifrs-full_BondsIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bonds issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BondsIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BondsIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BondsIssued" xlink:to="lab_ifrs-full_BondsIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EquityCommodityAndOtherContractsMember_019f128c-b318-797b-a76c-b0f3578169c4_terseLabel_en-US" xlink:label="lab_lyg_EquityCommodityAndOtherContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity, commodity and other contracts</link:label>
    <link:label id="lab_lyg_EquityCommodityAndOtherContractsMember_label_en-US" xlink:label="lab_lyg_EquityCommodityAndOtherContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity, Commodity And Other Contracts [Member]</link:label>
    <link:label id="lab_lyg_EquityCommodityAndOtherContractsMember_documentation_en-US" xlink:label="lab_lyg_EquityCommodityAndOtherContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Equity, Commodity And Other Contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquityCommodityAndOtherContractsMember" xlink:href="lyg-20260630.xsd#lyg_EquityCommodityAndOtherContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquityCommodityAndOtherContractsMember" xlink:to="lab_lyg_EquityCommodityAndOtherContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_019f128c-b3cd-7c14-a9c3-2dd0d3f3dfe7_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial assets carried at fair value &#163;m</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsDomain_019f128c-b3cd-75d0-b550-99a1fc1d0a71_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial assets [domain]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock_019f128c-b45a-75cb-836d-157134f306cb_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of principal assumptions used in valuations</link:label>
    <link:label id="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Principal Assumptions Used In Valuations Of Defined Benefit Pension Schemes [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of principal assumptions used in the valuations of the defined benefit pension schemes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock" xlink:to="lab_lyg_ScheduleOfPrincipalAssumptionsUsedInValuationsOfDefinedBenefitPensionSchemesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CarryingAmountMember_019f128c-b45a-71dd-a277-ddaabb1c1b31_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net carrying amount</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates_019f128c-b3cd-7e0a-b5c3-44c7cef54288_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax effect of share of results of joint ventures</link:label>
    <link:label id="lab_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates_label_en-US" xlink:label="lab_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Effect Of Results Of Joint Ventures And Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates" xlink:href="lyg-20260630.xsd#lyg_TaxEffectOfResultsOfJointVenturesAndAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates" xlink:to="lab_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDividendsExplanatory_019f128c-b3cd-7a40-aa29-911b89c78025_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDividendsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends on ordinary shares and buyback</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDividendsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDividendsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of dividends [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDividendsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDividendsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDividendsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDividendsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAbstract_019f128c-b3cd-7c75-9c1b-581e9e3f9316_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_019f22f9-ecf9-7971-a7e4-e9288e2884a4_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Max up</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RateVariableAxis_019f128c-b45a-7c3a-9375-153a34d22291_terseLabel_en-US" xlink:label="lab_lyg_RateVariableAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rate, Variable [Axis]</link:label>
    <link:label id="lab_lyg_RateVariableAxis_label_en-US" xlink:label="lab_lyg_RateVariableAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate, Variable [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RateVariableAxis" xlink:href="lyg-20260630.xsd#lyg_RateVariableAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RateVariableAxis" xlink:to="lab_lyg_RateVariableAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ImpactOfSurchargeOnBankingProfits_019f128c-b3cd-764e-aaf9-1c9b2f8e111a_negatedTerseLabel_en-US" xlink:label="lab_lyg_ImpactOfSurchargeOnBankingProfits" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Impact of surcharge on banking profits</link:label>
    <link:label id="lab_lyg_ImpactOfSurchargeOnBankingProfits_label_en-US" xlink:label="lab_lyg_ImpactOfSurchargeOnBankingProfits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impact Of Surcharge On Banking Profits</link:label>
    <link:label id="lab_lyg_ImpactOfSurchargeOnBankingProfits_documentation_en-US" xlink:label="lab_lyg_ImpactOfSurchargeOnBankingProfits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of impact of surcharge on banking profits.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ImpactOfSurchargeOnBankingProfits" xlink:href="lyg-20260630.xsd#lyg_ImpactOfSurchargeOnBankingProfits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ImpactOfSurchargeOnBankingProfits" xlink:to="lab_lyg_ImpactOfSurchargeOnBankingProfits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnobservableInputsDomain_019f229c-ffb3-76a7-944a-b2f0aec17554_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unobservable inputs [domain]</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsDomain_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsDomain" xlink:to="lab_ifrs-full_UnobservableInputsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBuybackClosedPeriodAccrual_019f128c-b3cd-7381-b453-936c8d190f92_terseLabel_en-US" xlink:label="lab_lyg_ShareBuybackClosedPeriodAccrual" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share buyback closed period accrual</link:label>
    <link:label id="lab_lyg_ShareBuybackClosedPeriodAccrual_label_en-US" xlink:label="lab_lyg_ShareBuybackClosedPeriodAccrual" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Buyback Closed Period Accrual</link:label>
    <link:label id="lab_lyg_ShareBuybackClosedPeriodAccrual_documentation_en-US" xlink:label="lab_lyg_ShareBuybackClosedPeriodAccrual" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Buyback Closed Period Accrual</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBuybackClosedPeriodAccrual" xlink:href="lyg-20260630.xsd#lyg_ShareBuybackClosedPeriodAccrual"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareBuybackClosedPeriodAccrual" xlink:to="lab_lyg_ShareBuybackClosedPeriodAccrual" xlink:type="arc" order="1"/>
    <link:label id="lab_country_NL_019f128c-b45a-7a13-96b5-6ac8b1957a64_terseLabel_en-US" xlink:label="lab_country_NL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NETHERLANDS</link:label>
    <link:label id="lab_country_NL_label_en-US" xlink:label="lab_country_NL" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NETHERLANDS</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_NL" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_NL"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_NL" xlink:to="lab_country_NL" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedThatAreLiabilities_019f128c-b3cd-775a-a137-c6a0123b88be_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from insurance and participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedThatAreLiabilities_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts issued that are liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsIssuedThatAreLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsIssuedThatAreLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsIssuedThatAreLiabilities" xlink:to="lab_ifrs-full_InsuranceContractsIssuedThatAreLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsByComponentsAxis_019f128c-b318-70c5-94c0-cb2e94fba4d3_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts by components [Axis]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsByComponentsAxis_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts by components [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsByComponentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsByComponentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsByComponentsAxis" xlink:to="lab_ifrs-full_InsuranceContractsByComponentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_019f128c-b3cd-7b4e-9e8c-ab98930e82c7_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total amounts recognised in the balance sheet</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_019f128c-b3cd-743c-bb5e-28ca689f6190_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Asset at 1 January 2026</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_019f128c-b3cd-7b61-aba0-ae0085708930_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Asset at 30 June 2026</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net defined benefit liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember_019f128c-b3cd-7b87-bd88-7d04bb577c3c_terseLabel_en-US" xlink:label="lab_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extension of modelled lifetime on retail revolving products</link:label>
    <link:label id="lab_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember_label_en-US" xlink:label="lab_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extension Of Modelled Lifetime On Retail Revolving Products [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember" xlink:href="lyg-20260630.xsd#lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember" xlink:to="lab_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinancialInstrumentsAbstract_019f128c-b3cd-7949-9a28-9600b880503b_terseLabel_en-US" xlink:label="lab_lyg_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair values of financial assets and liabilities</link:label>
    <link:label id="lab_lyg_FinancialInstrumentsAbstract_label_en-US" xlink:label="lab_lyg_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:label id="lab_lyg_FinancialInstrumentsAbstract_documentation_en-US" xlink:label="lab_lyg_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">n/a</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialInstrumentsAbstract" xlink:href="lyg-20260630.xsd#lyg_FinancialInstrumentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialInstrumentsAbstract" xlink:to="lab_lyg_FinancialInstrumentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SevereDownsideMember_019f128c-b3cd-71f7-a653-d30bbee4cd3c_terseLabel_en-US" xlink:label="lab_lyg_SevereDownsideMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Severe downside</link:label>
    <link:label id="lab_lyg_SevereDownsideMember_label_en-US" xlink:label="lab_lyg_SevereDownsideMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Severe Downside [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SevereDownsideMember" xlink:href="lyg-20260630.xsd#lyg_SevereDownsideMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SevereDownsideMember" xlink:to="lab_lyg_SevereDownsideMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherFeeAndCommissionIncome_019f128c-b45a-7914-a46f-53c1b1f23640_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherFeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other fees and commissions</link:label>
    <link:label id="lab_ifrs-full_OtherFeeAndCommissionIncome_label_en-US" xlink:label="lab_ifrs-full_OtherFeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other fee and commission income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFeeAndCommissionIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFeeAndCommissionIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFeeAndCommissionIncome" xlink:to="lab_ifrs-full_OtherFeeAndCommissionIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CancellationOfTreasuryShares_019f128c-b45a-7a47-ad46-99ef7dadac5e_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CancellationOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Share buyback</link:label>
    <link:label id="lab_ifrs-full_CancellationOfTreasuryShares_label_en-US" xlink:label="lab_ifrs-full_CancellationOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cancellation of treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CancellationOfTreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CancellationOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CancellationOfTreasuryShares" xlink:to="lab_ifrs-full_CancellationOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract_019f128c-b3cd-7055-ab7c-a6018767808a_terseLabel_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movements in revaluation reserve in respect of equity shares held at FVOCI:</link:label>
    <link:label id="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract_label_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income Gains Losses From Investments In Equity Instruments [Abstract]</link:label>
    <link:label id="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract_documentation_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">No definition available</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:href="lyg-20260630.xsd#lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:to="lab_lyg_OtherComprehensiveIncomeGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_019f128c-b45a-7f45-abf6-c41208829dba_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings per share (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PriceIndexDomain_019f128c-b45a-7ece-9efc-dc6a2ce6d30f_terseLabel_en-US" xlink:label="lab_lyg_PriceIndexDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Price index [Domain]</link:label>
    <link:label id="lab_lyg_PriceIndexDomain_label_en-US" xlink:label="lab_lyg_PriceIndexDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Price Index [Domain]</link:label>
    <link:label id="lab_lyg_PriceIndexDomain_documentation_en-US" xlink:label="lab_lyg_PriceIndexDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">na</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PriceIndexDomain" xlink:href="lyg-20260630.xsd#lyg_PriceIndexDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PriceIndexDomain" xlink:to="lab_lyg_PriceIndexDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_019f128c-b318-7e0f-bef0-014f07f402b3_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities_019f128c-b3cd-7a3a-8d0b-365dc1bb1d3e_verboseLabel_en-US" xlink:label="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Exchange and other adjustments</link:label>
    <link:label id="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange And Other Adjustments Fair Value Measurement Liabilities</link:label>
    <link:label id="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities_documentation_en-US" xlink:label="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase in the fair value measurement of liabilities resulting from exchange and other adjustments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities" xlink:href="lyg-20260630.xsd#lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities" xlink:to="lab_lyg_ExchangeAndOtherAdjustmentsFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AtFairValueMember_019f128c-b45a-75f8-b97e-eb7c8edfa0c0_terseLabel_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value</link:label>
    <link:label id="lab_ifrs-full_AtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember" xlink:to="lab_ifrs-full_AtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments_019f1e6b-66ac-7812-a1d8-95202fe947ee_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax relief on coupons on other equity instruments</link:label>
    <link:label id="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Effect On Tax Relief on Coupons on Other Equity Instruments</link:label>
    <link:label id="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments_documentation_en-US" xlink:label="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Effect On Tax Relief on Coupons on Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments" xlink:href="lyg-20260630.xsd#lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments" xlink:to="lab_lyg_TaxEffectOnTaxReliefOnCouponsOnOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareExplanatory_019f128c-b45a-789f-8a5f-b8ec573dc0d4_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of earning per share</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareExplanatory"/>
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    <link:label id="lab_lyg_CPIMember_019f128c-b45a-72b5-aa34-b7cebd745eb4_terseLabel_en-US" xlink:label="lab_lyg_CPIMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consumer Price Index (CPI)</link:label>
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    <link:label id="lab_lyg_CPIMember_documentation_en-US" xlink:label="lab_lyg_CPIMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the information pertaining to Consumer Price Index.</link:label>
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    <link:label id="lab_ifrs-full_SecuritisationsMember_019f22f5-009a-79c4-a8ea-84cd61e336b7_terseLabel_en-US" xlink:label="lab_ifrs-full_SecuritisationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitisation notes and other</link:label>
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    <link:label id="lab_ifrs-full_OptionPricingModelMember_019f128c-b3cd-7121-a461-e2edc8438d9d_terseLabel_en-US" xlink:label="lab_ifrs-full_OptionPricingModelMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Option pricing model</link:label>
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    <link:label id="lab_lyg_RetailSegmentMember_019f128c-b45a-76b4-a215-08588ba73394_terseLabel_en-US" xlink:label="lab_lyg_RetailSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail &#163;m</link:label>
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    <link:label id="lab_lyg_RetailSegmentMember_documentation_en-US" xlink:label="lab_lyg_RetailSegmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the information pertaining to retail segment.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailSegmentMember" xlink:href="lyg-20260630.xsd#lyg_RetailSegmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RetailSegmentMember" xlink:to="lab_lyg_RetailSegmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_019f128c-b3cd-781d-94c3-955b320f8d8b_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of other intangible assets</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of intangible assets, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_019f128c-b3cd-7d0f-a3c8-d10c60b52665_terseLabel_en-US" xlink:label="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement benefit obligations</link:label>
    <link:label id="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_019f128c-b3cd-7445-b26d-9b1009e7ded7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Retirement benefit obligations</link:label>
    <link:label id="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_label_en-US" xlink:label="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net defined benefit liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:to="lab_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock_019f128c-b3cd-79f8-8ca4-0b204b53ad8e_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of charges to income statement</link:label>
    <link:label id="lab_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Charge To Income Statement In Respect Of Pensions And Other Post-Retirement Benefit Schemes [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of charge to the income statement in respect of pensions and other post-retirement benefit schemes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_ScheduleOfChargeToIncomeStatementInRespectOfPensionsAndOtherPostRetirementBenefitSchemesTableTextBlock"/>
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    <link:label id="lab_ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod_019f1e1a-b80c-71bb-804b-55f607731332_terseLabel_en-US" xlink:label="lab_ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Realised gains and losses on FVOCI equity shares</link:label>
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    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock_019f128c-b45a-7ab1-bd8b-4aef74b93a06_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of ECL sensitivity to economic assumptions</link:label>
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    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Total Impact On ECL Across Major Portfolios Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock" xlink:href="lyg-20260630.xsd#lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock"/>
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    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_019f128c-b3cd-790f-8e70-65d5e2f2deac_negatedLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net income statement transfers</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification adjustments on cash flow hedges, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
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    <link:label id="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts_documentation_en-US" xlink:label="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense, Before Adjustment For Insurance Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts" xlink:href="lyg-20260630.xsd#lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts"/>
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