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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CMS1114Member" xlink:to="lab_lyg_CMS1114Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetAxis_019c5283-d7c1-7585-9ce6-5f1775ef8b10_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_019c5283-d974-7f76-95e2-0896d8262fa3_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 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-20251231.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_019c5283-d8e9-71d0-b401-cd17ee6ea44a_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-20251231.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_NetDerivativeAssetsLiabilities_019c5283-da98-7d79-81c4-7bf01f3b8461_terseLabel_en-US" xlink:label="lab_lyg_NetDerivativeAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net position</link:label>
    <link:label id="lab_lyg_NetDerivativeAssetsLiabilities_label_en-US" xlink:label="lab_lyg_NetDerivativeAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Derivative Assets (Liabilities)</link:label>
    <link:label id="lab_lyg_NetDerivativeAssetsLiabilities_documentation_en-US" xlink:label="lab_lyg_NetDerivativeAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Derivative Assets (Liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetDerivativeAssetsLiabilities" xlink:href="lyg-20251231.xsd#lyg_NetDerivativeAssetsLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetDerivativeAssetsLiabilities" xlink:to="lab_lyg_NetDerivativeAssetsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingExpenseAmountsReportedInInsuranceServiceExpenses_019c5283-da11-718c-93e9-3fffaf0eadfc_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-20251231.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_CreditCardsMember_019c5283-d7c1-7209-b276-b5b42c563c9b_verboseLabel_en-US" xlink:label="lab_lyg_CreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Retail &#8211; credit cards</link:label>
    <link:label id="lab_lyg_CreditCardsMember_019c5283-d7c1-759b-b9cf-033298ebae1f_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-20251231.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_019c5283-d7c1-744e-8ae8-42bbb6b67dbf_terseLabel_en-US" xlink:label="lab_lyg_CashDepositsHeldRestrictedInUseToSecuritisationAndCoveredBonds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash deposits held restricted in use to securitisation and covered bonds</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-20251231.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_AcceptancesAndEndorsementsMember_019c5283-da98-7f14-bfd8-a5200f1d3231_terseLabel_en-US" xlink:label="lab_lyg_AcceptancesAndEndorsementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acceptances and endorsements</link:label>
    <link:label id="lab_lyg_AcceptancesAndEndorsementsMember_label_en-US" xlink:label="lab_lyg_AcceptancesAndEndorsementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acceptances And Endorsements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AcceptancesAndEndorsementsMember" xlink:href="lyg-20251231.xsd#lyg_AcceptancesAndEndorsementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AcceptancesAndEndorsementsMember" xlink:to="lab_lyg_AcceptancesAndEndorsementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FutureMaintenanceAndInvestmentExpensesMember_019c5283-d974-7d15-9eaf-9eb2e5cec673_terseLabel_en-US" xlink:label="lab_lyg_FutureMaintenanceAndInvestmentExpensesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future maintenance and investment expenses</link:label>
    <link:label id="lab_lyg_FutureMaintenanceAndInvestmentExpensesMember_label_en-US" xlink:label="lab_lyg_FutureMaintenanceAndInvestmentExpensesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Maintenance And Investment Expenses [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FutureMaintenanceAndInvestmentExpensesMember" xlink:href="lyg-20251231.xsd#lyg_FutureMaintenanceAndInvestmentExpensesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FutureMaintenanceAndInvestmentExpensesMember" xlink:to="lab_lyg_FutureMaintenanceAndInvestmentExpensesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfFeeAndCommissionIncomeDomain_019c5283-da98-78d6-95a8-4c000fd6815b_terseLabel_en-US" xlink:label="lab_lyg_TypeOfFeeAndCommissionIncomeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of fee and commission income [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfFeeAndCommissionIncomeDomain_label_en-US" xlink:label="lab_lyg_TypeOfFeeAndCommissionIncomeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfFeeAndCommissionIncome [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfFeeAndCommissionIncomeDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfFeeAndCommissionIncomeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfFeeAndCommissionIncomeDomain" xlink:to="lab_lyg_TypeOfFeeAndCommissionIncomeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities_019c5283-d7c1-7327-a13e-eb7de8eddf1f_terseLabel_en-US" xlink:label="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedge accounting movements and cash interest payments</link:label>
    <link:label id="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities_label_en-US" xlink:label="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedge Accounting Movements and Cash Interest Payments on Subordinated Liabilities</link:label>
    <link:label id="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities_documentation_en-US" xlink:label="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hedge Accounting Movements and Cash Interest Payments on Subordinated Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities" xlink:href="lyg-20251231.xsd#lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities" xlink:to="lab_lyg_HedgeAccountingMovementsAndCashInterestPaymentsOnSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_019c5283-d974-7779-8b1d-051fbc1acad9_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">Other comprehensive income, net of tax, gains (losses) from investments in equity instruments</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_019c5283-d974-7daf-90a5-22825f74c239_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_019c5283-d974-7bc8-b03a-e479e2b46e7b_netLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">(Losses) gains recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_019c5283-d974-7168-b673-6c246a5da190_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Movements recognised in other comprehensive income</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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_019c5283-da98-7e02-be8f-7a9aa4ad5df6_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 of customer loans</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_019c5283-da98-782c-889b-1cc5691e8461_negatedLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Sales) redemptions</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_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_019c5283-da12-79d3-b0cc-037149c605e5_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LifeAndPensionsMember_019c5283-d865-7271-8479-1016458e20bc_terseLabel_en-US" xlink:label="lab_lyg_LifeAndPensionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Life And Pensions</link:label>
    <link:label id="lab_lyg_LifeAndPensionsMember_label_en-US" xlink:label="lab_lyg_LifeAndPensionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Life And Pensions [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LifeAndPensionsMember" xlink:href="lyg-20251231.xsd#lyg_LifeAndPensionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LifeAndPensionsMember" xlink:to="lab_lyg_LifeAndPensionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_019c5283-d7c1-7496-b472-95c3057ca1e1_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_019c5283-d7c1-7904-863a-2bbdff5d7d8d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Intangible assets and goodwill beginning balance</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_019c5283-d7c1-790f-9ada-d66e753aee70_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Intangible assets and goodwill ending balance</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_lyg_UncertaintyOfRecoveryRatesMember_019c5283-da12-7434-892a-072e0b51294f_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-20251231.xsd#lyg_UncertaintyOfRecoveryRatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UncertaintyOfRecoveryRatesMember" xlink:to="lab_lyg_UncertaintyOfRecoveryRatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_019c5283-d7c1-7f5f-839d-f86b85dd50ee_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfAuditorFeeAxis_019c5283-da98-7ccc-a070-f8aa194b7e26_terseLabel_en-US" xlink:label="lab_lyg_TypeOfAuditorFeeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of auditor fee [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfAuditorFeeAxis_label_en-US" xlink:label="lab_lyg_TypeOfAuditorFeeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Auditor Fee [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfAuditorFeeAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfAuditorFeeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfAuditorFeeAxis" xlink:to="lab_lyg_TypeOfAuditorFeeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract_019c5283-da98-7294-8912-956c3f1c1880_terseLabel_en-US" xlink:label="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions during the year:</link:label>
    <link:label id="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract_label_en-US" xlink:label="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchases and Redemptions During the Year [Abstract]</link:label>
    <link:label id="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract_documentation_en-US" xlink:label="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchases and Redemptions During the Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract" xlink:href="lyg-20251231.xsd#lyg_RepurchasesAndRedemptionsDuringTheYearAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract" xlink:to="lab_lyg_RepurchasesAndRedemptionsDuringTheYearAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares_019c5283-d974-7c67-979d-e6251b930421_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption of preference shares</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Equity Due to Redemption Of Preference Shares</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redemption of preference shares.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares" xlink:to="lab_lyg_IncreaseDecreaseInEquityDueToRedemptionOfPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInterestIncomeExplanatory_019c5283-d974-7955-ae96-fc085a9ead3b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestIncomeExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Net Interest Income</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInterestIncomeExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestIncomeExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interest income [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInterestIncomeExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInterestIncomeExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInterestIncomeExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInterestIncomeExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SecuritisationProgramDomain_019c5283-d865-776d-8566-9e682eb3eaa0_terseLabel_en-US" xlink:label="lab_lyg_SecuritisationProgramDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitisation program [Domain]</link:label>
    <link:label id="lab_lyg_SecuritisationProgramDomain_label_en-US" xlink:label="lab_lyg_SecuritisationProgramDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SecuritisationProgram [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuritisationProgramDomain" xlink:href="lyg-20251231.xsd#lyg_SecuritisationProgramDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuritisationProgramDomain" xlink:to="lab_lyg_SecuritisationProgramDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019c5283-d8e9-7eba-9cca-782aa35f402d_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net losses on financial liabilities designated at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:to="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfIncomeTaxChargesTableTextBlock_019c5283-d974-7768-9c6d-d65aea943f9c_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfIncomeTaxChargesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Income Tax Charges</link:label>
    <link:label id="lab_lyg_DisclosureOfIncomeTaxChargesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfIncomeTaxChargesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Income Tax Charges [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfIncomeTaxChargesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfIncomeTaxChargesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfIncomeTaxChargesTableTextBlock" xlink:to="lab_lyg_DisclosureOfIncomeTaxChargesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TransactionsWithOwnersAbstract_019c5283-d974-72de-a663-64d7962a5dc5_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">TransactionsWithOwners [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransactionsWithOwnersAbstract" xlink:href="lyg-20251231.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_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_019c5283-d975-7fa0-b231-c699da3a867c_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions and acquisitions</link:label>
    <link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisitions through business combinations, intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NumberOfTreasurySharesCancelled_019c5283-d865-7adc-bb87-a2b2db10486e_terseLabel_en-US" xlink:label="lab_lyg_NumberOfTreasurySharesCancelled" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of treasury shares cancelled (in shares)</link:label>
    <link:label id="lab_lyg_NumberOfTreasurySharesCancelled_label_en-US" xlink:label="lab_lyg_NumberOfTreasurySharesCancelled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Treasury Shares Cancelled</link:label>
    <link:label id="lab_lyg_NumberOfTreasurySharesCancelled_documentation_en-US" xlink:label="lab_lyg_NumberOfTreasurySharesCancelled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Treasury Shares Cancelled</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfTreasurySharesCancelled" xlink:href="lyg-20251231.xsd#lyg_NumberOfTreasurySharesCancelled"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfTreasurySharesCancelled" xlink:to="lab_lyg_NumberOfTreasurySharesCancelled" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AnalysisOfTheDefinedBenefitObligationAbstract_019c5283-d7c1-7b61-ad78-8b7b837497db_terseLabel_en-US" xlink:label="lab_lyg_AnalysisOfTheDefinedBenefitObligationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Analysis of the defined benefit obligation</link:label>
    <link:label id="lab_lyg_AnalysisOfTheDefinedBenefitObligationAbstract_label_en-US" xlink:label="lab_lyg_AnalysisOfTheDefinedBenefitObligationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AnalysisOfTheDefinedBenefitObligation [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AnalysisOfTheDefinedBenefitObligationAbstract" xlink:href="lyg-20251231.xsd#lyg_AnalysisOfTheDefinedBenefitObligationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AnalysisOfTheDefinedBenefitObligationAbstract" xlink:to="lab_lyg_AnalysisOfTheDefinedBenefitObligationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInOperatingLiabilities1_019c5283-d8e9-7669-a804-51472f575074_totalLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInOperatingLiabilities1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Change in operating liabilities</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInOperatingLiabilities1_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInOperatingLiabilities1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Operating Liabilities1</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInOperatingLiabilities1_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInOperatingLiabilities1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase Decrease In Operating Liabilities1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInOperatingLiabilities1" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInOperatingLiabilities1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInOperatingLiabilities1" xlink:to="lab_lyg_IncreaseDecreaseInOperatingLiabilities1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019c5283-da98-74b4-acff-ca8474a8e3d0_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_NumberOfReportingSegments_019c5283-d7c1-7c31-9fba-46516aed77ea_terseLabel_en-US" xlink:label="lab_lyg_NumberOfReportingSegments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of reporting segments</link:label>
    <link:label id="lab_lyg_NumberOfReportingSegments_label_en-US" xlink:label="lab_lyg_NumberOfReportingSegments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Reporting Segments</link:label>
    <link:label id="lab_lyg_NumberOfReportingSegments_documentation_en-US" xlink:label="lab_lyg_NumberOfReportingSegments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Reporting Segments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfReportingSegments" xlink:href="lyg-20251231.xsd#lyg_NumberOfReportingSegments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfReportingSegments" xlink:to="lab_lyg_NumberOfReportingSegments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfExpensesExplanatory_019c5283-da98-7ff5-a14b-06867d713ef3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfExpensesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfExpensesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfExpensesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of expenses [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfExpensesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfExpensesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfExpensesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfExpensesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SevereWeatherRelatedClaimsMember_019c5283-d974-7573-bdeb-6e130fc21c89_terseLabel_en-US" xlink:label="lab_lyg_SevereWeatherRelatedClaimsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Severe weather related claims</link:label>
    <link:label id="lab_lyg_SevereWeatherRelatedClaimsMember_label_en-US" xlink:label="lab_lyg_SevereWeatherRelatedClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Severe Weather Related Claims [Member]</link:label>
    <link:label id="lab_lyg_SevereWeatherRelatedClaimsMember_documentation_en-US" xlink:label="lab_lyg_SevereWeatherRelatedClaimsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Severe Weather Related Claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SevereWeatherRelatedClaimsMember" xlink:href="lyg-20251231.xsd#lyg_SevereWeatherRelatedClaimsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SevereWeatherRelatedClaimsMember" xlink:to="lab_lyg_SevereWeatherRelatedClaimsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember_019c5283-d7c1-7353-bcc9-98317561c52d_terseLabel_en-US" xlink:label="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross drawn exposures</link:label>
    <link:label id="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember_label_en-US" xlink:label="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Carrying Amount of Drawn Balances [Member]</link:label>
    <link:label id="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember_documentation_en-US" xlink:label="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross Carrying Amount of Drawn Balances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GrossCarryingAmountOfDrawnBalancesMember" xlink:href="lyg-20251231.xsd#lyg_GrossCarryingAmountOfDrawnBalancesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GrossCarryingAmountOfDrawnBalancesMember" xlink:to="lab_lyg_GrossCarryingAmountOfDrawnBalancesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember_019c5283-d7c1-7e56-ad73-57d011cd1f64_terseLabel_en-US" xlink:label="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Global Markets business of Lloyds Bank Corporate Markets plc</link:label>
    <link:label id="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember_label_en-US" xlink:label="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Banking - Global Markets business of Lloyds Bank Corporate Markets plc [Member]</link:label>
    <link:label id="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember_documentation_en-US" xlink:label="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commercial Banking - Global Markets business of Lloyds Bank Corporate Markets plc</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember" xlink:href="lyg-20251231.xsd#lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember" xlink:to="lab_lyg_CommercialBankingGlobalMarketsBusinessOfLloydsBankCorporateMarketsPlcMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeFinancialLiabilitiesMember_019c5283-da98-7e3f-8c18-a068cc16f806_terseLabel_en-US" xlink:label="lab_lyg_DerivativeFinancialLiabilitiesMember" 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_lyg_DerivativeFinancialLiabilitiesMember_label_en-US" xlink:label="lab_lyg_DerivativeFinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Financial Liabilities [Member]</link:label>
    <link:label id="lab_lyg_DerivativeFinancialLiabilitiesMember_documentation_en-US" xlink:label="lab_lyg_DerivativeFinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Financial Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeFinancialLiabilitiesMember" xlink:href="lyg-20251231.xsd#lyg_DerivativeFinancialLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeFinancialLiabilitiesMember" xlink:to="lab_lyg_DerivativeFinancialLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel_019c5283-da98-7cf9-a3d6-3539fe361041_negatedTerseLabel_en-US" xlink:label="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayments (includes loans to former key management personnel)</link:label>
    <link:label id="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel_label_en-US" xlink:label="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel</link:label>
    <link:label id="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel_documentation_en-US" xlink:label="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayments (includes loans of former key management personnel)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel" xlink:href="lyg-20251231.xsd#lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel" xlink:to="lab_lyg_LoanRepaymentsIncludingLoansOfFormerKeyManagementPersonnel" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RecognisedInRespectOfFutureTaxBenefitMember_019c5283-d7c1-78ca-86b2-a48e4751f10b_terseLabel_en-US" xlink:label="lab_lyg_RecognisedInRespectOfFutureTaxBenefitMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recognised in respect of future tax benefit</link:label>
    <link:label id="lab_lyg_RecognisedInRespectOfFutureTaxBenefitMember_label_en-US" xlink:label="lab_lyg_RecognisedInRespectOfFutureTaxBenefitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognised In Respect Of Future Tax Benefit [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RecognisedInRespectOfFutureTaxBenefitMember" xlink:href="lyg-20251231.xsd#lyg_RecognisedInRespectOfFutureTaxBenefitMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RecognisedInRespectOfFutureTaxBenefitMember" xlink:to="lab_lyg_RecognisedInRespectOfFutureTaxBenefitMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DirectOperatingExpenseFromInvestmentProperty_019c5283-da98-7155-800b-e196f3e3005f_terseLabel_en-US" xlink:label="lab_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional expenditure on existing properties</link:label>
    <link:label id="lab_ifrs-full_DirectOperatingExpenseFromInvestmentProperty_label_en-US" xlink:label="lab_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Direct operating expense from investment property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentProperty"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:to="lab_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_019c5283-da98-7787-9b56-5e85591de699_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions and contingent liabilities</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_019c5283-d865-7cf3-beda-10d9a0e4b81c_terseLabel_en-US" xlink:label="lab_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Direct operating expense from investment property generating rental income</link:label>
    <link:label id="lab_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_label_en-US" xlink:label="lab_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Direct operating expense from investment property generating rental income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:to="lab_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChargesToIncomeStatementtextBlockTableTextBlock_019c5283-d7c1-71a2-9349-3deac6074d52_terseLabel_en-US" xlink:label="lab_lyg_ChargesToIncomeStatementtextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Charges to the Income Statement</link:label>
    <link:label id="lab_lyg_ChargesToIncomeStatementtextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_ChargesToIncomeStatementtextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ChargesToIncomeStatementtextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChargesToIncomeStatementtextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_ChargesToIncomeStatementtextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChargesToIncomeStatementtextBlockTableTextBlock" xlink:to="lab_lyg_ChargesToIncomeStatementtextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansToBanksMember_019c5283-d7c1-7d85-851a-535cbdc07c06_terseLabel_en-US" xlink:label="lab_lyg_LoansToBanksMember" 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_lyg_LoansToBanksMember_label_en-US" xlink:label="lab_lyg_LoansToBanksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans To Banks [Member]</link:label>
    <link:label id="lab_lyg_LoansToBanksMember_documentation_en-US" xlink:label="lab_lyg_LoansToBanksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans To Banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansToBanksMember" xlink:href="lyg-20251231.xsd#lyg_LoansToBanksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansToBanksMember" xlink:to="lab_lyg_LoansToBanksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_019c5283-da98-7482-8fa8-b76611172c9b_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory_019c5283-d8e9-7b1a-8ff7-164f9866dd1b_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">Disclosure of insurance contracts</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_lyg_SignificantUnobservableInputAssetsMultiple_019c5283-da11-7379-bae3-155771ba25a1_terseLabel_en-US" xlink:label="lab_lyg_SignificantUnobservableInputAssetsMultiple" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant unobservable input, assets, multiple</link:label>
    <link:label id="lab_lyg_SignificantUnobservableInputAssetsMultiple_label_en-US" xlink:label="lab_lyg_SignificantUnobservableInputAssetsMultiple" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Unobservable Input, Assets, Multiple</link:label>
    <link:label id="lab_lyg_SignificantUnobservableInputAssetsMultiple_documentation_en-US" xlink:label="lab_lyg_SignificantUnobservableInputAssetsMultiple" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Unobservable Input, Assets, Multiple</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SignificantUnobservableInputAssetsMultiple" xlink:href="lyg-20251231.xsd#lyg_SignificantUnobservableInputAssetsMultiple"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SignificantUnobservableInputAssetsMultiple" xlink:to="lab_lyg_SignificantUnobservableInputAssetsMultiple" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremium_019c5283-d974-7596-af7f-271b242e945b_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_019c5283-d8e9-75e0-83cf-299e891a1ddd_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 from 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_lyg_DisclosureOfOtherReservesTableTextBlock_019c5283-da98-7ea0-bec2-ed2dd290b86b_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherReservesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Other Reserves</link:label>
    <link:label id="lab_lyg_DisclosureOfOtherReservesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfOtherReservesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfOtherReserves [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOtherReservesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOtherReservesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOtherReservesTableTextBlock" xlink:to="lab_lyg_DisclosureOfOtherReservesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProvisionChargeForTheYear_019c5283-d865-742b-8ace-0bb3ccc7f3d5_terseLabel_en-US" xlink:label="lab_lyg_ProvisionChargeForTheYear" 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_ProvisionChargeForTheYear_label_en-US" xlink:label="lab_lyg_ProvisionChargeForTheYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision Charge For The Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProvisionChargeForTheYear" xlink:href="lyg-20251231.xsd#lyg_ProvisionChargeForTheYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProvisionChargeForTheYear" xlink:to="lab_lyg_ProvisionChargeForTheYear" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_019c5283-d8e9-708c-9f0a-2086668ca104_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">Actuarial gains on defined benefit obligation</link:label>
    <link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_019c5283-d8e9-7e10-93b2-39d29a104e41_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Actuarial gains</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_019c5283-da98-7378-8339-a450cdd0492d_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-20251231.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_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures_019c5283-d8e9-71cb-b7d2-25ce8ccaa640_terseLabel_en-US" xlink:label="lab_ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of underlying items in respect of direct participating contracts</link:label>
    <link:label id="lab_ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures_label_en-US" xlink:label="lab_ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of underlying items for contracts with direct participation features</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures" xlink:to="lab_ifrs-full_FairValueOfUnderlyingItemsForContractsWithDirectParticipationFeatures" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncludesDrawdownFeatureMember_019c5283-da12-730f-b66b-4e04d0bb3e59_terseLabel_en-US" xlink:label="lab_lyg_IncludesDrawdownFeatureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Includes drawdown feature</link:label>
    <link:label id="lab_lyg_IncludesDrawdownFeatureMember_label_en-US" xlink:label="lab_lyg_IncludesDrawdownFeatureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Includes Drawdown Feature [Member]</link:label>
    <link:label id="lab_lyg_IncludesDrawdownFeatureMember_documentation_en-US" xlink:label="lab_lyg_IncludesDrawdownFeatureMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Includes Drawdown Feature</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncludesDrawdownFeatureMember" xlink:href="lyg-20251231.xsd#lyg_IncludesDrawdownFeatureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncludesDrawdownFeatureMember" xlink:to="lab_lyg_IncludesDrawdownFeatureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_019c5283-d7c1-799e-9179-93a28b85e4fd_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CarryingValueOfTransferredAssetsMember_019c5283-d974-7541-9c67-79ffe2da550a_terseLabel_en-US" xlink:label="lab_lyg_CarryingValueOfTransferredAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets &#163;m</link:label>
    <link:label id="lab_lyg_CarryingValueOfTransferredAssetsMember_label_en-US" xlink:label="lab_lyg_CarryingValueOfTransferredAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying Value Of Transferred Assets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CarryingValueOfTransferredAssetsMember" xlink:href="lyg-20251231.xsd#lyg_CarryingValueOfTransferredAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CarryingValueOfTransferredAssetsMember" xlink:to="lab_lyg_CarryingValueOfTransferredAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfDividendDomain_019c5283-d865-76b1-81d6-b4d6fe0e0ccd_terseLabel_en-US" xlink:label="lab_lyg_TypeOfDividendDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of dividend [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfDividendDomain_label_en-US" xlink:label="lab_lyg_TypeOfDividendDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Dividend [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfDividendDomain_documentation_en-US" xlink:label="lab_lyg_TypeOfDividendDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Type Of Dividend [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfDividendDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfDividendDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfDividendDomain" xlink:to="lab_lyg_TypeOfDividendDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock_019c5283-d974-7507-ae9d-e7477a3283f8_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Transferred Assets and Liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfTransferedAssetsAndLiabilitiesTextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfTransferedAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome_019c5283-da98-7964-9873-2031c7627811_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Charge) credit to other comprehensive income</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets Credited (Charged) To Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome" xlink:to="lab_lyg_DeferredTaxAssetsCreditedChargedToComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems_019c5283-da98-7b27-8191-6e7db28e0561_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>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" 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 [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable_019c5283-d8e9-7660-93bc-1fa828a50c45_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Table]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract_019c5283-d7c1-7441-bfaf-aa45eead2b60_terseLabel_en-US" xlink:label="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities designated at fair value through profit or loss</link:label>
    <link:label id="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract_label_en-US" xlink:label="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities Designated at Fair Value Through Profit or Loss [Abstract]</link:label>
    <link:label id="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract_documentation_en-US" xlink:label="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities Designated at Fair Value Through Profit or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract" xlink:href="lyg-20251231.xsd#lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract" xlink:to="lab_lyg_LiabilitiesDesignatedAtFairValueThroughProfitOrLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract_019c5283-da11-7c34-bce3-5a4052dda39c_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">GainsAndLossesAttributableToOwnCreditRisk [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract" xlink:href="lyg-20251231.xsd#lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract" xlink:to="lab_lyg_GainsAndLossesAttributableToOwnCreditRiskAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScenarioRiskSectorLevelMember_019c5283-da98-7309-b1fd-ea2ead0f805e_terseLabel_en-US" xlink:label="lab_lyg_ScenarioRiskSectorLevelMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario risk &#8211; sector level</link:label>
    <link:label id="lab_lyg_ScenarioRiskSectorLevelMember_label_en-US" xlink:label="lab_lyg_ScenarioRiskSectorLevelMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario Risk &#8211; Sector Level [Member]</link:label>
    <link:label id="lab_lyg_ScenarioRiskSectorLevelMember_documentation_en-US" xlink:label="lab_lyg_ScenarioRiskSectorLevelMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Scenario Risk &#8211; Sector Level</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScenarioRiskSectorLevelMember" xlink:href="lyg-20251231.xsd#lyg_ScenarioRiskSectorLevelMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScenarioRiskSectorLevelMember" xlink:to="lab_lyg_ScenarioRiskSectorLevelMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeInstrumentRiskDomain_019c5283-d8e9-7ce3-93bd-b9efcb77f7de_terseLabel_en-US" xlink:label="lab_lyg_DerivativeInstrumentRiskDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative instrument risk [Domain]</link:label>
    <link:label id="lab_lyg_DerivativeInstrumentRiskDomain_label_en-US" xlink:label="lab_lyg_DerivativeInstrumentRiskDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instrument Risk [Domain]</link:label>
    <link:label id="lab_lyg_DerivativeInstrumentRiskDomain_documentation_en-US" xlink:label="lab_lyg_DerivativeInstrumentRiskDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Instrument Risk [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeInstrumentRiskDomain" xlink:href="lyg-20251231.xsd#lyg_DerivativeInstrumentRiskDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeInstrumentRiskDomain" xlink:to="lab_lyg_DerivativeInstrumentRiskDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherFinancialLiabilities_019c5283-d974-7242-beee-4bf981fe03c0_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherFinancialLiabilities" 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_OtherFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_OtherFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialLiabilities" xlink:to="lab_ifrs-full_OtherFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable_019c5283-d865-7690-a53b-e744ac4a52f7_terseLabel_en-US" xlink:label="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NET FEE AND COMMISSION INCOME (Details) - Narrative [Table]</link:label>
    <link:label id="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable_label_en-US" xlink:label="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET FEE AND COMMISSION INCOME (Details) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable" xlink:href="lyg-20251231.xsd#lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable" xlink:to="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_019c5283-d8e9-7fff-82d0-89354568791e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember_019c5283-d975-73ae-861a-42991e162906_terseLabel_en-US" xlink:label="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate derivatives provided to securitisation vehicles</link:label>
    <link:label id="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember_label_en-US" xlink:label="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Derivatives, Securitisation Vehicles [Member]</link:label>
    <link:label id="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember_documentation_en-US" xlink:label="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Derivatives, Securitisation Vehicles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateDerivativesSecuritisationVehiclesMember" xlink:href="lyg-20251231.xsd#lyg_InterestRateDerivativesSecuritisationVehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateDerivativesSecuritisationVehiclesMember" xlink:to="lab_lyg_InterestRateDerivativesSecuritisationVehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_019c5283-d974-765b-bb26-b7d4b7e7b016_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase agreements at amortised cost</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on repurchase agreements and cash collateral on securities lent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="lab_ifrs-full_InterestExpenseOnRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherEquityInstrumentsMember_019c5283-d8e9-7687-b609-a07386f7cc00_terseLabel_en-US" xlink:label="lab_lyg_OtherEquityInstrumentsMember" 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_lyg_OtherEquityInstrumentsMember_label_en-US" xlink:label="lab_lyg_OtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Equity Instruments [Member]</link:label>
    <link:label id="lab_lyg_OtherEquityInstrumentsMember_documentation_en-US" xlink:label="lab_lyg_OtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherEquityInstrumentsMember" xlink:href="lyg-20251231.xsd#lyg_OtherEquityInstrumentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherEquityInstrumentsMember" xlink:to="lab_lyg_OtherEquityInstrumentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory_019c5283-d8e9-7e97-9be4-159b52d3a091_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for goodwill [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets_019c5283-d865-710d-aff4-277c31857364_negatedTerseLabel_en-US" xlink:label="lab_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loss/(profit) on disposal of tangible fixed assets</link:label>
    <link:label id="lab_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets_label_en-US" xlink:label="lab_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment For Profit Loss On Disposal Of Tangible Fixed Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets" xlink:href="lyg-20251231.xsd#lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets" xlink:to="lab_lyg_AdjustmentForProfitLossOnDisposalOfTangibleFixedAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_019c5283-da11-7054-964a-e27f21820594_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member_019c5283-d865-7e70-806f-531ab21cbab3_terseLabel_en-US" xlink:label="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.475% Non-cumulative Preference Shares callable 2024 (&#163;186 million)</link:label>
    <link:label id="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member_label_en-US" xlink:label="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.475% Non-cumulative Preference Shares callable 2024 [Member]</link:label>
    <link:label id="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member_documentation_en-US" xlink:label="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.475% Non-cumulative Preference Shares callable 2024</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member" xlink:href="lyg-20251231.xsd#lyg_A6.475NonCumulativePreferenceSharesCallable2024Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member" xlink:to="lab_lyg_A6.475NonCumulativePreferenceSharesCallable2024Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OffsetMember_019c5283-da11-7afb-bf8a-eb51b4e86e59_terseLabel_en-US" xlink:label="lab_lyg_OffsetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount offset in the balance sheet2 &#163;m</link:label>
    <link:label id="lab_lyg_OffsetMember_label_en-US" xlink:label="lab_lyg_OffsetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Offset [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OffsetMember" xlink:href="lyg-20251231.xsd#lyg_OffsetMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OffsetMember" xlink:to="lab_lyg_OffsetMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember_019c5283-d8e9-709b-9470-aeb8c60da7db_terseLabel_en-US" xlink:label="lab_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prior to offsetting of balances within same taxing jurisdiction</link:label>
    <link:label id="lab_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember_label_en-US" xlink:label="lab_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prior To Offsetting Of Balances Within Same Taxing Jurisdiction [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember" xlink:href="lyg-20251231.xsd#lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember" xlink:to="lab_lyg_PriorToOffsettingOfBalancesWithinSameTaxingJurisdictionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMSGrade7Member_019c5283-d8e9-7cda-b932-c20f1eefc3f4_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade7Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">7</link:label>
    <link:label id="lab_lyg_RMSGrade7Member_label_en-US" xlink:label="lab_lyg_RMSGrade7Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 7 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade7Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade7Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 7</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade7Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade7Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade7Member" xlink:to="lab_lyg_RMSGrade7Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EquipmentAndMotorVehiclesMember_019c5283-d7c1-724d-b0b5-4b072a4f84e4_terseLabel_en-US" xlink:label="lab_lyg_EquipmentAndMotorVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equipment and motor vehicles</link:label>
    <link:label id="lab_lyg_EquipmentAndMotorVehiclesMember_label_en-US" xlink:label="lab_lyg_EquipmentAndMotorVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equipment And Motor Vehicles [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquipmentAndMotorVehiclesMember" xlink:href="lyg-20251231.xsd#lyg_EquipmentAndMotorVehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquipmentAndMotorVehiclesMember" xlink:to="lab_lyg_EquipmentAndMotorVehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems_019c5283-da11-7e12-a244-30acc1514f9a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems" 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 components [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems" 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 components [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock_019c5283-da98-716d-a005-461b82dd27bf_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock" 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_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfOtherEquityInstrumentsExplanatory [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock" xlink:to="lab_lyg_DisclosureOfOtherEquityInstrumentsExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalAuditFeesMember_019c5283-da11-7025-868f-48014e6ca27a_terseLabel_en-US" xlink:label="lab_lyg_TotalAuditFeesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total audit fees</link:label>
    <link:label id="lab_lyg_TotalAuditFeesMember_label_en-US" xlink:label="lab_lyg_TotalAuditFeesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Audit Fees [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalAuditFeesMember" xlink:href="lyg-20251231.xsd#lyg_TotalAuditFeesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalAuditFeesMember" xlink:to="lab_lyg_TotalAuditFeesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RetailConsumerRelationshipsMember_019c5283-d974-7463-a85d-3f520c15bec0_terseLabel_en-US" xlink:label="lab_lyg_RetailConsumerRelationshipsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consumer relationships</link:label>
    <link:label id="lab_lyg_RetailConsumerRelationshipsMember_label_en-US" xlink:label="lab_lyg_RetailConsumerRelationshipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail - Consumer Relationships [Member]</link:label>
    <link:label id="lab_lyg_RetailConsumerRelationshipsMember_documentation_en-US" xlink:label="lab_lyg_RetailConsumerRelationshipsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail - Consumer Relationships</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailConsumerRelationshipsMember" xlink:href="lyg-20251231.xsd#lyg_RetailConsumerRelationshipsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RetailConsumerRelationshipsMember" xlink:to="lab_lyg_RetailConsumerRelationshipsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019c5283-d7c1-78dd-a84a-8d941f8a314e_periodStartLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019c5283-d7c1-73dc-8e51-05a1bbd41633_periodEndLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of gains and losses on financial assets measured at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement_019c5283-d7c1-7e1e-9470-e51fbafe0372_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets that entity continues to recognise to extent of continuing involvement</link:label>
    <link:label id="lab_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement_label_en-US" xlink:label="lab_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets that entity continues to recognise to extent of continuing involvement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:to="lab_ifrs-full_AssetsThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfOtherProvisionsDomain_019c5283-d865-7209-804f-4d93e0171a02_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"/>
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    <link:label id="lab_lyg_NetChangeInAllowanceForCreditLossesDueToTransfersMember_documentation_en-US" xlink:label="lab_lyg_NetChangeInAllowanceForCreditLossesDueToTransfersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Change In Allowance For Credit Losses Due To Transfers</link:label>
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    <link:label id="lab_lyg_DisclosureOfNetCarryingValuesOfLoansAndAdvancesToCustomersTableTextBlock_019c5283-d7c1-7c8d-8152-80b706b684cc_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfNetCarryingValuesOfLoansAndAdvancesToCustomersTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Loans and Advances to Customers</link:label>
    <link:label id="lab_lyg_DisclosureOfNetCarryingValuesOfLoansAndAdvancesToCustomersTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfNetCarryingValuesOfLoansAndAdvancesToCustomersTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Net Carrying Values Of Loans And Advances To Customers [Table Text Block]</link:label>
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    <link:label id="lab_lyg_ConsolidatedStatementOfChangesInEquityAbstract_019c5283-d8e9-7577-86dc-581effa4d7ca_terseLabel_en-US" xlink:label="lab_lyg_ConsolidatedStatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CONSOLIDATED STATEMENT OF CHANGES IN EQUITY [Abstract]</link:label>
    <link:label id="lab_lyg_ConsolidatedStatementOfChangesInEquityAbstract_label_en-US" xlink:label="lab_lyg_ConsolidatedStatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CONSOLIDATED STATEMENT OF CHANGES IN EQUITY [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ConsolidatedStatementOfChangesInEquityAbstract" xlink:href="lyg-20251231.xsd#lyg_ConsolidatedStatementOfChangesInEquityAbstract"/>
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    <link:label id="lab_lyg_LifeExpectancyAxis_019c5283-d974-7c0c-a731-6ced28f8ca26_terseLabel_en-US" xlink:label="lab_lyg_LifeExpectancyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Life expectancy [Axis]</link:label>
    <link:label id="lab_lyg_LifeExpectancyAxis_label_en-US" xlink:label="lab_lyg_LifeExpectancyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Life Expectancy [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LifeExpectancyAxis" xlink:href="lyg-20251231.xsd#lyg_LifeExpectancyAxis"/>
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    <link:label id="lab_lyg_DerivativeInstrumentRisk1Domain_019c5283-d974-7507-bcc5-82c347943bcf_terseLabel_en-US" xlink:label="lab_lyg_DerivativeInstrumentRisk1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instrument Risk1 [Domain]</link:label>
    <link:label id="lab_lyg_DerivativeInstrumentRisk1Domain_label_en-US" xlink:label="lab_lyg_DerivativeInstrumentRisk1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instrument Risk1 [Domain]</link:label>
    <link:label id="lab_lyg_DerivativeInstrumentRisk1Domain_documentation_en-US" xlink:label="lab_lyg_DerivativeInstrumentRisk1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Instrument Risk1 [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeInstrumentRisk1Domain" xlink:href="lyg-20251231.xsd#lyg_DerivativeInstrumentRisk1Domain"/>
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    <link:label id="lab_lyg_MiscellaneousOtherOperatingIncomeExpense_019c5283-d8e9-75fc-8ec7-a825e39703e4_terseLabel_en-US" xlink:label="lab_lyg_MiscellaneousOtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_MiscellaneousOtherOperatingIncomeExpense_label_en-US" xlink:label="lab_lyg_MiscellaneousOtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous Other Operating Income (Expense)</link:label>
    <link:label id="lab_lyg_MiscellaneousOtherOperatingIncomeExpense_documentation_en-US" xlink:label="lab_lyg_MiscellaneousOtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Miscellaneous Other Operating Income (Expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MiscellaneousOtherOperatingIncomeExpense" xlink:href="lyg-20251231.xsd#lyg_MiscellaneousOtherOperatingIncomeExpense"/>
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    <link:label id="lab_lyg_LoansToKeyManagementPersonnelMember_019c5283-da98-74e6-a122-97ca1b0c6b9d_terseLabel_en-US" xlink:label="lab_lyg_LoansToKeyManagementPersonnelMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans to key management personnel</link:label>
    <link:label id="lab_lyg_LoansToKeyManagementPersonnelMember_label_en-US" xlink:label="lab_lyg_LoansToKeyManagementPersonnelMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans To Key Management Personnel [Member]</link:label>
    <link:label id="lab_lyg_LoansToKeyManagementPersonnelMember_documentation_en-US" xlink:label="lab_lyg_LoansToKeyManagementPersonnelMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans To Key Management Personnel</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansToKeyManagementPersonnelMember" xlink:href="lyg-20251231.xsd#lyg_LoansToKeyManagementPersonnelMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansToKeyManagementPersonnelMember" xlink:to="lab_lyg_LoansToKeyManagementPersonnelMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSTablesTable_019c5283-d7c1-76d5-860a-b6ce3165d250_verboseLabel_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSTablesTable" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Tables) -Schedule of Deposits [Table]</link:label>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSTablesTable_label_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSTablesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Tables) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RELATEDPARTYTRANSACTIONSTablesTable" xlink:href="lyg-20251231.xsd#lyg_RELATEDPARTYTRANSACTIONSTablesTable"/>
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    <link:label id="lab_ifrs-full_ProbabilityOfDefaultAxis_019c5283-d8e9-7294-a01b-ad4f6f687932_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"/>
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    <link:label id="lab_lyg_AnnuitiesProtectionAndOtherMember_019c5283-d8e9-73ca-a61c-3f1bfe46dfe5_terseLabel_en-US" xlink:label="lab_lyg_AnnuitiesProtectionAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annuities, protection and other</link:label>
    <link:label id="lab_lyg_AnnuitiesProtectionAndOtherMember_label_en-US" xlink:label="lab_lyg_AnnuitiesProtectionAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annuities, Protection And Other [Member]</link:label>
    <link:label id="lab_lyg_AnnuitiesProtectionAndOtherMember_documentation_en-US" xlink:label="lab_lyg_AnnuitiesProtectionAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annuities, Protection And Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AnnuitiesProtectionAndOtherMember" xlink:href="lyg-20251231.xsd#lyg_AnnuitiesProtectionAndOtherMember"/>
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    <link:label id="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeTable_019c5283-d8e9-7b74-9307-0539d574df90_terseLabel_en-US" xlink:label="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Table]</link:label>
    <link:label id="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeTable_label_en-US" xlink:label="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeTable" xlink:href="lyg-20251231.xsd#lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeTable"/>
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    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable_019c5283-d8e9-7993-a906-c622e00dcfa2_terseLabel_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Schedule of Loan Balances Outstanding [Table]</link:label>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable_label_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Schedule of Loan Balances Outstanding [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable" xlink:href="lyg-20251231.xsd#lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable" xlink:to="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_019c5283-da11-78d0-a19a-4e1ce5c28a2c_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares, issued under employee share schemes (in shares)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in number of ordinary shares issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued"/>
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    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofAmounttiminganduncertaintyoffuturecashflowsTable_019c5283-d975-7823-859f-6b7455c82c0f_terseLabel_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofAmounttiminganduncertaintyoffuturecashflowsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, timing and uncertainty of future cash flows [Table]</link:label>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofAmounttiminganduncertaintyoffuturecashflowsTable_label_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofAmounttiminganduncertaintyoffuturecashflowsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, timing and uncertainty of future cash flows [Table]</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsInSharebasedPaymentArrangementExercisedDuringPeriodAtDateOfExercise2019_019c5283-d974-776d-bd0e-16e845aba290_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsInSharebasedPaymentArrangementExercisedDuringPeriodAtDateOfExercise2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average share price for share options in share-based payment arrangement exercised during period at date of exercise</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsInSharebasedPaymentArrangementExercisedDuringPeriodAtDateOfExercise2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsInSharebasedPaymentArrangementExercisedDuringPeriodAtDateOfExercise2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average share price for share options in share-based payment arrangement exercised during period at date of exercise</link:label>
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    <link:label id="lab_lyg_TransferToStage1Member_019c5283-d8e9-775e-bbff-eaca212190c3_terseLabel_en-US" xlink:label="lab_lyg_TransferToStage1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers to Stage 1</link:label>
    <link:label id="lab_lyg_TransferToStage1Member_label_en-US" xlink:label="lab_lyg_TransferToStage1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TransferTo Stage 1 [Member]</link:label>
    <link:label id="lab_lyg_TransferToStage1Member_documentation_en-US" xlink:label="lab_lyg_TransferToStage1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">TransferTo Stage 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransferToStage1Member" xlink:href="lyg-20251231.xsd#lyg_TransferToStage1Member"/>
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    <link:label id="lab_lyg_DiscountedMarketPriceOfShares_label_en-US" xlink:label="lab_lyg_DiscountedMarketPriceOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discounted Market Price Of Shares</link:label>
    <link:label id="lab_lyg_DiscountedMarketPriceOfShares_documentation_en-US" xlink:label="lab_lyg_DiscountedMarketPriceOfShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Discounted market price of shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DiscountedMarketPriceOfShares" xlink:href="lyg-20251231.xsd#lyg_DiscountedMarketPriceOfShares"/>
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    <link:label id="lab_lyg_PremisesAndEquipmentCost_019c5283-d865-795d-bbf0-c8146d15b0af_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 costs</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">PremisesAndEquipmentCost</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-20251231.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_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock_019c5283-da11-7508-8a9e-2d7229db10fc_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Derivatives</link:label>
    <link:label id="lab_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfDerivativesByRecurringFairValueMeasurementtextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember_019c5283-da12-7d30-8728-03b1db8a15ec_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 group</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_ifrs-full_ExternalCreditGradesAxis_019c5283-d7c1-766b-a896-c42fb3e6eccb_terseLabel_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External credit grades [Axis]</link:label>
    <link:label id="lab_ifrs-full_ExternalCreditGradesAxis_label_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">External credit grades [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExternalCreditGradesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExternalCreditGradesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExternalCreditGradesAxis" xlink:to="lab_ifrs-full_ExternalCreditGradesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_019c5283-da98-7673-a69c-978f69b813fa_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Return on plan assets</link:label>
    <link:label id="lab_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_label_en-US" xlink:label="lab_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" 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 changes in effect of limiting net defined benefit asset to asset ceiling excluding interest income or expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" xlink:to="lab_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInProfitBeforeTax_019c5283-d7c1-79ec-8f1e-9ea7a7328e7a_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInProfitBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (reduction) in profit before tax &#163;m</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInProfitBeforeTax_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInProfitBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Profit Before Tax</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInProfitBeforeTax_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInProfitBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Profit Before Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInProfitBeforeTax" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInProfitBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInProfitBeforeTax" xlink:to="lab_lyg_IncreaseDecreaseInProfitBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019c5283-d7c1-7676-859d-698f4d4b27de_negatedTerseLabel_en-US" xlink:label="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Profit on derecognition of joint ventures and associates</link:label>
    <link:label id="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (Loss) On Derecognisition Of Associates And Joint Ventures Accounted For Using Equity Method</link:label>
    <link:label id="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_documentation_en-US" xlink:label="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit (Loss) On Derecognisition Of Associates And Joint Ventures Accounted For Using Equity Method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="lyg-20251231.xsd#lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_lyg_ProfitLossOnDerecognisitionOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityTable_019c5283-da11-78a0-8b8f-d6c5b3584a85_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reserves within equity [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reserves within equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReservesWithinEquityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:to="lab_ifrs-full_DisclosureOfReservesWithinEquityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LifeAssuranceMember_019c5283-d865-7453-89db-6a83fce9ca48_terseLabel_en-US" xlink:label="lab_lyg_LifeAssuranceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Life Assurance [Member]</link:label>
    <link:label id="lab_lyg_LifeAssuranceMember_label_en-US" xlink:label="lab_lyg_LifeAssuranceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Life Assurance [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LifeAssuranceMember" xlink:href="lyg-20251231.xsd#lyg_LifeAssuranceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LifeAssuranceMember" xlink:to="lab_lyg_LifeAssuranceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts_019c5283-d974-75ba-a289-eeec92179098_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-20251231.xsd#lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts" xlink:to="lab_lyg_IncreaseDecreaseInNonParticipatingInvestmentContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherPostretirementBenefitSchemesMember_019c5283-da12-7c98-999f-5cd4ab7fa8ee_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 retirement benefit 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-20251231.xsd#lyg_OtherPostretirementBenefitSchemesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherPostretirementBenefitSchemesMember" xlink:to="lab_lyg_OtherPostretirementBenefitSchemesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationLineItems_019c5283-d8e9-76e5-a615-8bb3348235fb_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeAssetsMember_019c5283-d865-7d78-b803-93beed442fd7_terseLabel_en-US" xlink:label="lab_lyg_DerivativeAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative assets &#163;m</link:label>
    <link:label id="lab_lyg_DerivativeAssetsMember_label_en-US" xlink:label="lab_lyg_DerivativeAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Assets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeAssetsMember" xlink:href="lyg-20251231.xsd#lyg_DerivativeAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeAssetsMember" xlink:to="lab_lyg_DerivativeAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset_019c5283-d974-726c-a8ca-8b239352b3f1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other contracts</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance revenue not related to contracts that existed at transition date to which modified retrospective approach or fair value approach has been applied, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfCommercialRealEstatePriceGrowth_019c5283-d865-79de-8c72-69bf88ae88c4_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-20251231.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_lyg_ProvisionsMember_019c5283-d974-7e6d-bca3-3cbbd23fa82b_verboseLabel_en-US" xlink:label="lab_lyg_ProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provisions &#163;m</link:label>
    <link:label id="lab_lyg_ProvisionsMember_label_en-US" xlink:label="lab_lyg_ProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions [Member]</link:label>
    <link:label id="lab_lyg_ProvisionsMember_documentation_en-US" xlink:label="lab_lyg_ProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProvisionsMember" xlink:href="lyg-20251231.xsd#lyg_ProvisionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProvisionsMember" xlink:to="lab_lyg_ProvisionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member_019c5283-da11-7c3d-bc04-3c2524fd0b7b_terseLabel_en-US" xlink:label="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.721% Senior Callable Fixed-to-Fixed Rate Notes due 2030</link:label>
    <link:label id="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member_label_en-US" xlink:label="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.721% Senior Callable Fixed-to-Fixed Rate Notes due 2030 [Member]</link:label>
    <link:label id="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member_documentation_en-US" xlink:label="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.721% Senior Callable Fixed-to-Fixed Rate Notes due 2030</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member" xlink:href="lyg-20251231.xsd#lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member" xlink:to="lab_lyg_A15000000005.721SeniorCallableFixedToFixedRateNotesDue2030Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement_019c5283-d8e9-7904-956a-03f6cfd2f187_negatedLabel_en-US" xlink:label="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Number of options, exercised or lapsed (in options)</link:label>
    <link:label id="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Share Options Exercised Or Lapsed In Share-based Payment Arrangement</link:label>
    <link:label id="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Share Options Exercised Or Lapsed In Share-based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement" xlink:href="lyg-20251231.xsd#lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement" xlink:to="lab_lyg_NumberOfShareOptionsExercisedOrLapsedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ServicesProvidedAfterBalanceSheetDateMember_019c5283-d7c1-7bee-9059-fad3fe627472_terseLabel_en-US" xlink:label="lab_lyg_ServicesProvidedAfterBalanceSheetDateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Services provided after balance sheet date</link:label>
    <link:label id="lab_lyg_ServicesProvidedAfterBalanceSheetDateMember_label_en-US" xlink:label="lab_lyg_ServicesProvidedAfterBalanceSheetDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Services Provided After Balance Sheet Date [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ServicesProvidedAfterBalanceSheetDateMember" xlink:href="lyg-20251231.xsd#lyg_ServicesProvidedAfterBalanceSheetDateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ServicesProvidedAfterBalanceSheetDateMember" xlink:to="lab_lyg_ServicesProvidedAfterBalanceSheetDateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IssuedInTheYearAbstractAbstract_019c5283-d8e9-785e-a80a-de3aee49e244_terseLabel_en-US" xlink:label="lab_lyg_IssuedInTheYearAbstractAbstract" 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_lyg_IssuedInTheYearAbstractAbstract_label_en-US" xlink:label="lab_lyg_IssuedInTheYearAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IssuedInTheYearAbstract [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IssuedInTheYearAbstractAbstract" xlink:href="lyg-20251231.xsd#lyg_IssuedInTheYearAbstractAbstract"/>
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    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities_019c5283-da11-700d-b198-158c38767d48_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_019c5283-da11-785c-abb6-34e98e6d7704_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest paid, classified as financing activities</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_lyg_EnergyPerformanceCertificateProfileAMember_019c5283-da98-763f-93ff-cb7370ee8c3b_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileAMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">A &#163;m</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileAMember_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile A [Member]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileAMember_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile A</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileAMember" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileAMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyPerformanceCertificateProfileAMember" xlink:to="lab_lyg_EnergyPerformanceCertificateProfileAMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable_019c5283-d7c1-7285-9e91-925534192cfd_terseLabel_en-US" xlink:label="lab_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Table]</link:label>
    <link:label id="lab_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable_label_en-US" xlink:label="lab_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable" xlink:href="lyg-20251231.xsd#lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable" xlink:to="lab_lyg_OTHERLIABILITIESDetailsScheduleofOtherLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRateModelled_019c5283-d865-7503-8678-145722e068ce_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRateModelled" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK Bank Rate &#8211; modelled</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRateModelled_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRateModelled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of Interest Rate Modelled</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRateModelled_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRateModelled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Key Assumption Of Interest Rate Modelled</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfInterestRateModelled" xlink:href="lyg-20251231.xsd#lyg_KeyAssumptionOfInterestRateModelled"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_KeyAssumptionOfInterestRateModelled" xlink:to="lab_lyg_KeyAssumptionOfInterestRateModelled" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComputerSoftwareMember_019c5283-d8e9-7086-859b-e6ba55c09db2_terseLabel_en-US" xlink:label="lab_ifrs-full_ComputerSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalised software enhancements &#163;m</link:label>
    <link:label id="lab_ifrs-full_ComputerSoftwareMember_label_en-US" xlink:label="lab_ifrs-full_ComputerSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Computer software [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComputerSoftwareMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComputerSoftwareMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComputerSoftwareMember" xlink:to="lab_ifrs-full_ComputerSoftwareMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_019c5283-d8e9-7766-87c9-edb07a54f2a8_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable_019c5283-d8e9-7412-9c88-604ada01d0fc_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfFeeAndCommissionIncomeAbstract_019c5283-da98-7693-be54-9cf19d62a213_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfFeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fee and Commission Income [Abstract]</link:label>
    <link:label id="lab_lyg_ScheduleOfFeeAndCommissionIncomeAbstract_label_en-US" xlink:label="lab_lyg_ScheduleOfFeeAndCommissionIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Fee and Commission Income [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfFeeAndCommissionIncomeAbstract" xlink:href="lyg-20251231.xsd#lyg_ScheduleOfFeeAndCommissionIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfFeeAndCommissionIncomeAbstract" xlink:to="lab_lyg_ScheduleOfFeeAndCommissionIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReservesWithinEquityAxis_019c5283-da98-757f-972b-cb949c5dc526_terseLabel_en-US" xlink:label="lab_ifrs-full_ReservesWithinEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserves within equity [Axis]</link:label>
    <link:label id="lab_ifrs-full_ReservesWithinEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ReservesWithinEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserves within equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReservesWithinEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReservesWithinEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReservesWithinEquityAxis" xlink:to="lab_ifrs-full_ReservesWithinEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LiquidityAdjustmentMember_019c5283-da11-7b80-8ac0-27b436803959_terseLabel_en-US" xlink:label="lab_lyg_LiquidityAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity Adjustment</link:label>
    <link:label id="lab_lyg_LiquidityAdjustmentMember_label_en-US" xlink:label="lab_lyg_LiquidityAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Adjustment [Member]</link:label>
    <link:label id="lab_lyg_LiquidityAdjustmentMember_documentation_en-US" xlink:label="lab_lyg_LiquidityAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LiquidityAdjustmentMember" xlink:href="lyg-20251231.xsd#lyg_LiquidityAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LiquidityAdjustmentMember" xlink:to="lab_lyg_LiquidityAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_019c5283-d8e9-74f9-a35d-9a030dbd7676_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 from 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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShorttermEmployeeBenefitsExpense_019c5283-da98-7c60-8232-54aa4ab678f8_terseLabel_en-US" xlink:label="lab_ifrs-full_ShorttermEmployeeBenefitsExpense" 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_ShorttermEmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term employee benefits expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShorttermEmployeeBenefitsExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:to="lab_ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A15000000004375SeniorNotesDue2028Member_019c5283-d8e9-74d2-b04e-ae28fb0f3cdd_terseLabel_en-US" xlink:label="lab_lyg_A15000000004375SeniorNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.550% Senior Notes due 2028</link:label>
    <link:label id="lab_lyg_A15000000004375SeniorNotesDue2028Member_label_en-US" xlink:label="lab_lyg_A15000000004375SeniorNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.375% Senior Notes due 2028 [Member]</link:label>
    <link:label id="lab_lyg_A15000000004375SeniorNotesDue2028Member_documentation_en-US" xlink:label="lab_lyg_A15000000004375SeniorNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.375% Senior Notes due 2028</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A15000000004375SeniorNotesDue2028Member" xlink:to="lab_lyg_A15000000004375SeniorNotesDue2028Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentContractsLiabilities_019c5283-d974-7236-80c1-2a6f375c8346_verboseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentContractsLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from non-participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InvestmentContractsLiabilities_019c5283-d974-7e81-b595-5682312a023a_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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AuditInformationAbstract" xlink:to="lab_lyg_AuditInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_019c5283-d8e9-7499-adc4-606684b4dfbb_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"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_019c5283-da11-7a24-a371-fad8373dcb8a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign currency translation</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
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    <link:label id="lab_lyg_CMS19Member_019c5283-d865-7c07-9ade-8a685a6aff32_terseLabel_en-US" xlink:label="lab_lyg_CMS19Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CMS 19</link:label>
    <link:label id="lab_lyg_CMS19Member_label_en-US" xlink:label="lab_lyg_CMS19Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CMS 19 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CMS19Member" xlink:href="lyg-20251231.xsd#lyg_CMS19Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CMS19Member" xlink:to="lab_lyg_CMS19Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory_019c5283-d8e9-75a9-8481-c86106fd3a7b_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">(E) Summary of contractual service margin and risk adjustment</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory_019c5283-d8e9-76b0-9567-15052cf88ef3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(H) Life business contractual service margin run-off</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about expected recognition of contractual service margin in profit or loss [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossExplanatory"/>
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    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_019c5283-da98-7792-87fa-74899b11693e_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in actuarial assumption (in percent)</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in actuarial assumption</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption"/>
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    <link:label id="lab_lyg_ChannelIslandsMember_019c5283-d865-744b-9137-f4e63dff038a_terseLabel_en-US" xlink:label="lab_lyg_ChannelIslandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Channel Islands</link:label>
    <link:label id="lab_lyg_ChannelIslandsMember_label_en-US" xlink:label="lab_lyg_ChannelIslandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Channel Islands [Member]</link:label>
    <link:label id="lab_lyg_ChannelIslandsMember_documentation_en-US" xlink:label="lab_lyg_ChannelIslandsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Channel Islands</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChannelIslandsMember" xlink:href="lyg-20251231.xsd#lyg_ChannelIslandsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChannelIslandsMember" xlink:to="lab_lyg_ChannelIslandsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtSecurities_019c5283-da11-7e5e-9588-d7bc9e4e3fd2_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_DisclosureOfFinancialInstrumentsTable_019c5283-da98-79e5-91ab-b50417d32153_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfVotingRightsHeldByNoncontrollingInterests_019c5283-d8e9-75ef-9833-d2db62aa6c1a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingRightsHeldByNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of voting rights held by non-controlling interests (in percent)</link:label>
    <link:label id="lab_ifrs-full_ProportionOfVotingRightsHeldByNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingRightsHeldByNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of voting rights held by non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfVotingRightsHeldByNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfVotingRightsHeldByNoncontrollingInterests"/>
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    <link:label id="lab_lyg_RMSGrade2Member_019c5283-d8e9-7e67-b8e8-b7574682a010_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2</link:label>
    <link:label id="lab_lyg_RMSGrade2Member_label_en-US" xlink:label="lab_lyg_RMSGrade2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 2 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade2Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade2Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 2</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade2Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade2Member" xlink:to="lab_lyg_RMSGrade2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems_019c5283-d974-7116-8da1-679ef12eebb1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems"/>
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    <link:label id="lab_lyg_PreferenceSharesNominalValue25PenceEachMember_019c5283-d974-7624-94b8-a4db3bb38d65_terseLabel_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25PenceEachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference shares, nominal value 25 pence each</link:label>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25PenceEachMember_label_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25PenceEachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference Shares, Nominal Value 25 Pence Each [Member]</link:label>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25PenceEachMember_documentation_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25PenceEachMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preference Shares, Nominal Value 25 Pence Each</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PreferenceSharesNominalValue25PenceEachMember" xlink:href="lyg-20251231.xsd#lyg_PreferenceSharesNominalValue25PenceEachMember"/>
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    <link:label id="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember_019c5283-d974-7307-a25a-3c452d4c47c2_terseLabel_en-US" xlink:label="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional longevity insurance arrangement entered into</link:label>
    <link:label id="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember_label_en-US" xlink:label="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Longevity Insurance Arrangement Entered Into [Member]</link:label>
    <link:label id="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember_documentation_en-US" xlink:label="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional Longevity Insurance Arrangement Entered Into</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember" xlink:href="lyg-20251231.xsd#lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember" xlink:to="lab_lyg_AdditionalLongevityInsuranceArrangementEnteredIntoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets_019c5283-d865-73fd-85e0-255a04620a8b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other changes in credit quality</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets_019c5283-d865-75f1-bedb-ebe9e3a53f41_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets" 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_IncreaseDecreaseThroughOtherMovementsFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through other movements, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughOtherMovementsFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory_019c5283-d7c1-7bdf-aa0f-4c5283be3931_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Reconciliation of Group Funding to the Balance Sheet</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of additional information about understanding financial position and liquidity of entity [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherIncome1Member_019c5283-da11-7b74-ac8d-1cd77d08f7fb_terseLabel_en-US" xlink:label="lab_lyg_OtherIncome1Member" 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_OtherIncome1Member_label_en-US" xlink:label="lab_lyg_OtherIncome1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income1 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherIncome1Member" xlink:href="lyg-20251231.xsd#lyg_OtherIncome1Member"/>
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    <link:label id="lab_lyg_CoveredBondProgramDomain_019c5283-da12-72e0-8b54-2bbf3a19349d_terseLabel_en-US" xlink:label="lab_lyg_CoveredBondProgramDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covered bond program [Domain]</link:label>
    <link:label id="lab_lyg_CoveredBondProgramDomain_label_en-US" xlink:label="lab_lyg_CoveredBondProgramDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CoveredBondProgram [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CoveredBondProgramDomain" xlink:href="lyg-20251231.xsd#lyg_CoveredBondProgramDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CoveredBondProgramDomain" xlink:to="lab_lyg_CoveredBondProgramDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_019c5283-d974-763c-a1bb-2b7c94e298b4_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity interactive data current</link:label>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LapseRateForLongstandingBusiness_019c5283-d8e9-772b-bc7e-af3be7237c85_terseLabel_en-US" xlink:label="lab_lyg_LapseRateForLongstandingBusiness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lapse rate for longstanding business</link:label>
    <link:label id="lab_lyg_LapseRateForLongstandingBusiness_label_en-US" xlink:label="lab_lyg_LapseRateForLongstandingBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lapse Rate For Longstanding Business</link:label>
    <link:label id="lab_lyg_LapseRateForLongstandingBusiness_documentation_en-US" xlink:label="lab_lyg_LapseRateForLongstandingBusiness" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lapse Rate For Longstanding Business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LapseRateForLongstandingBusiness" xlink:href="lyg-20251231.xsd#lyg_LapseRateForLongstandingBusiness"/>
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    <link:label id="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_019c5283-d865-7ef0-bd5e-7c39b4367c1e_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_019c5283-d865-7e96-93a5-01b34b7cfd15_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems_019c5283-d8e9-7f5e-977c-46f5426794e1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of attribution of expenses by nature to their function [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of attribution of expenses by nature to their function [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems" xlink:to="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory_019c5283-d865-77c0-a3e0-1a421edde1ed_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(F) Reconciliation of measurement components of insurance contract balances</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory" 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 components [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty_019c5283-d7c1-7fc5-a8c5-5f465d9ef302_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" 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_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through net exchange differences, investment property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember_019c5283-da98-7305-9824-86f62074ec2d_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_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable_019c5283-da11-7fe4-b757-e112bdf15668_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Table]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_019c5283-d8e9-7796-81e5-376a314c7c47_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_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_019c5283-d865-7702-9cea-38b3fbc406ff_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Offset</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for offsetting of financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedMember_019c5283-da98-711b-98d8-d2affdb75452_verboseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Contracts under the fair value transition approach</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedMember_label_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual service margin related to contracts that existed at transition date to which fair value approach has been applied [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedMember"/>
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    <link:label id="lab_lyg_DisposalOfTangibleFixedAssetsMember_019c5283-d8e9-778c-9699-20d7b2993d20_terseLabel_en-US" xlink:label="lab_lyg_DisposalOfTangibleFixedAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposal of tangible fixed assets</link:label>
    <link:label id="lab_lyg_DisposalOfTangibleFixedAssetsMember_label_en-US" xlink:label="lab_lyg_DisposalOfTangibleFixedAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal Of Tangible Fixed Assets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisposalOfTangibleFixedAssetsMember" xlink:href="lyg-20251231.xsd#lyg_DisposalOfTangibleFixedAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisposalOfTangibleFixedAssetsMember" xlink:to="lab_lyg_DisposalOfTangibleFixedAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CarryingValueOfAssociatedLiabilitiesMember_019c5283-d7c1-7f85-ba0a-a23c9c163b9d_terseLabel_en-US" xlink:label="lab_lyg_CarryingValueOfAssociatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities &#163;m</link:label>
    <link:label id="lab_lyg_CarryingValueOfAssociatedLiabilitiesMember_label_en-US" xlink:label="lab_lyg_CarryingValueOfAssociatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying Value Of Associated Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CarryingValueOfAssociatedLiabilitiesMember" xlink:href="lyg-20251231.xsd#lyg_CarryingValueOfAssociatedLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CarryingValueOfAssociatedLiabilitiesMember" xlink:to="lab_lyg_CarryingValueOfAssociatedLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LossGivenDefaultAlignmentLGDMember_019c5283-d8e9-7abd-816f-3c8810ecf765_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</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-20251231.xsd#lyg_LossGivenDefaultAlignmentLGDMember"/>
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    <link:label id="lab_lyg_HedgedItemAffectedIncomeStatement_019c5283-d865-7d2d-84b1-a7c30ef10a6d_terseLabel_en-US" xlink:label="lab_lyg_HedgedItemAffectedIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedged item affected income statement &#163;m</link:label>
    <link:label id="lab_lyg_HedgedItemAffectedIncomeStatement_label_en-US" xlink:label="lab_lyg_HedgedItemAffectedIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HedgedItemAffectedIncomeStatement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HedgedItemAffectedIncomeStatement" xlink:href="lyg-20251231.xsd#lyg_HedgedItemAffectedIncomeStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HedgedItemAffectedIncomeStatement" xlink:to="lab_lyg_HedgedItemAffectedIncomeStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems_019c5283-d974-7939-b3ea-fbdffde0d244_terseLabel_en-US" xlink:label="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems_documentation_en-US" xlink:label="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems" xlink:to="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleOfMovementInSubordinatedLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UKMember_019c5283-d865-7828-9dbf-7768a4b88c57_terseLabel_en-US" xlink:label="lab_lyg_UKMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK</link:label>
    <link:label id="lab_lyg_UKMember_label_en-US" xlink:label="lab_lyg_UKMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UK [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UKMember" xlink:href="lyg-20251231.xsd#lyg_UKMember"/>
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    <link:label id="lab_ifrs-full_InvestmentsAccountedForUsingEquityMethodMember_019c5283-d7c1-7e6b-a070-319a50d8c346_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsAccountedForUsingEquityMethodMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments accounted for using equity method [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsAccountedForUsingEquityMethodMember" xlink:to="lab_ifrs-full_InvestmentsAccountedForUsingEquityMethodMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_MasterNettingAndSimilarAgreementsMember_documentation_en-US" xlink:label="lab_lyg_MasterNettingAndSimilarAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Master Netting And Similar Agreements</link:label>
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    <link:label id="lab_dei_EntityCentralIndexKey_019c5283-da98-74b2-a75b-ffb2c46d6428_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>
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    <link:label id="lab_lyg_PaymentsProceedsFromChangesInOwnershipInterestsInSubsidiaries_019c5283-da11-7988-9b1c-ad51cd3850cf_negatedTerseLabel_en-US" xlink:label="lab_lyg_PaymentsProceedsFromChangesInOwnershipInterestsInSubsidiaries" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in stake of non-controlling interests</link:label>
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    <link:label id="lab_lyg_PaymentsProceedsFromChangesInOwnershipInterestsInSubsidiaries_documentation_en-US" xlink:label="lab_lyg_PaymentsProceedsFromChangesInOwnershipInterestsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments (Proceeds) From Changes In Ownership Interests In Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaymentsProceedsFromChangesInOwnershipInterestsInSubsidiaries" xlink:href="lyg-20251231.xsd#lyg_PaymentsProceedsFromChangesInOwnershipInterestsInSubsidiaries"/>
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    <link:label id="lab_lyg_QuarterPercentIncreaseMember_019c5283-d974-77b0-8a47-7318fa1a3677_terseLabel_en-US" xlink:label="lab_lyg_QuarterPercentIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase of 0.25%</link:label>
    <link:label id="lab_lyg_QuarterPercentIncreaseMember_label_en-US" xlink:label="lab_lyg_QuarterPercentIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Quarter Percent Increase [Member]</link:label>
    <link:label id="lab_lyg_QuarterPercentIncreaseMember_documentation_en-US" xlink:label="lab_lyg_QuarterPercentIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Quarter Percent Increase</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_QuarterPercentIncreaseMember" xlink:href="lyg-20251231.xsd#lyg_QuarterPercentIncreaseMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of cash and cash equivalents [text block]</link:label>
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    <link:label id="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentLineItems_019c5283-d974-7d63-bb4d-e60c33be38b9_terseLabel_en-US" xlink:label="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentLineItems_label_en-US" xlink:label="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentLineItems"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_019c5283-d974-7774-bcd8-2f73a5890035_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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 at 31 December</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_DisclosureOfSignificantAdjustmentsToValuationObtainedExplanatory_019c5283-da11-763d-8cd1-acc308efe981_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantAdjustmentsToValuationObtainedExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Valuation Adjustment Movements</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantAdjustmentsToValuationObtainedExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantAdjustmentsToValuationObtainedExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of significant adjustments to valuation obtained [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantAdjustmentsToValuationObtainedExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantAdjustmentsToValuationObtainedExplanatory"/>
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    <link:label id="lab_ifrs-full_ProfitLossOfCombinedEntity_019c5283-da98-7517-a360-50ed4a9f9f4b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossOfCombinedEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) of combined entity as if combination occurred at beginning of period</link:label>
    <link:label id="lab_ifrs-full_ProfitLossOfCombinedEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossOfCombinedEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) of combined entity as if combination occurred at beginning of period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossOfCombinedEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossOfCombinedEntity"/>
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    <link:label id="lab_sic_Z0000toZ0999_019c5283-d8e9-74ed-a5b0-ef92102601e5_terseLabel_en-US" xlink:label="lab_sic_Z0000toZ0999" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Agriculture, forestry and fishing</link:label>
    <link:label id="lab_sic_Z0000toZ0999_label_en-US" xlink:label="lab_sic_Z0000toZ0999" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">0000 to 0999 Agriculture, Forestry, and Fishing [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_sic_Z0000toZ0999" xlink:href="https://xbrl.sec.gov/sic/2025/sic-2025.xsd#sic_Z0000toZ0999"/>
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    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_019c5283-d865-7584-8a57-3856fe6c8c40_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"/>
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    <link:label id="lab_ifrs-full_NetAssetsLiabilitiesAbstract_019c5283-d865-724b-9a3c-79656804e8f7_terseLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net assets acquired:</link:label>
    <link:label id="lab_ifrs-full_NetAssetsLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net assets (liabilities) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetAssetsLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetAssetsLiabilitiesAbstract"/>
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    <link:label id="lab_ifrs-full_DiscountedCashFlowMember_019c5283-d8e9-7e0d-8b19-eb1da666c90a_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"/>
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    <link:label id="lab_ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis_019c5283-d865-7e51-ba24-afae8832019e_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_DisposalGroupAssetsAbstract_019c5283-d865-7837-8d06-5f4f3f1f20c4_terseLabel_en-US" xlink:label="lab_lyg_DisposalGroupAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposal group assets:</link:label>
    <link:label id="lab_lyg_DisposalGroupAssetsAbstract_label_en-US" xlink:label="lab_lyg_DisposalGroupAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal Group Assets [Abstract]</link:label>
    <link:label id="lab_lyg_DisposalGroupAssetsAbstract_documentation_en-US" xlink:label="lab_lyg_DisposalGroupAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disposal Group Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisposalGroupAssetsAbstract" xlink:href="lyg-20251231.xsd#lyg_DisposalGroupAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisposalGroupAssetsAbstract" xlink:to="lab_lyg_DisposalGroupAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member_019c5283-d7c1-7da4-b567-659879cd51f0_terseLabel_en-US" xlink:label="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.425% Senior Callable Fixed-to-Fixed Rate Notes due 2031</link:label>
    <link:label id="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member_label_en-US" xlink:label="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.425% Senior Callable Fixed-to-Fixed Rate Notes due 2031 [Member]</link:label>
    <link:label id="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member_documentation_en-US" xlink:label="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.425% Senior Callable Fixed-to-Fixed Rate Notes due 2031</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member" xlink:href="lyg-20251231.xsd#lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member" xlink:to="lab_lyg_A15000000004.425SeniorCallableFixedToFixedRateNotesDue2031Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TwoYearsAfterReportingYearMember_019c5283-da98-708f-9324-9618c3fd09b3_terseLabel_en-US" xlink:label="lab_lyg_TwoYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2027 %</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-20251231.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_lyg_HedgingMember_019c5283-da98-7cca-9c26-9bb562551f0c_terseLabel_en-US" xlink:label="lab_lyg_HedgingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging</link:label>
    <link:label id="lab_lyg_HedgingMember_label_en-US" xlink:label="lab_lyg_HedgingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HedgingMember" xlink:href="lyg-20251231.xsd#lyg_HedgingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HedgingMember" xlink:to="lab_lyg_HedgingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems_019c5283-d865-7a89-8759-375e38098720_terseLabel_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Derivative Instruments [Line Items]</link:label>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems_label_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Derivative Instruments [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems" xlink:href="lyg-20251231.xsd#lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems" xlink:to="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis_019c5283-da11-76bf-bba1-8ced691e306e_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [axis]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:to="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_019c5283-d865-7d1e-8e12-1288fa2c4f21_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee disclosures</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfLeasesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FreeFloatPercentage_019c5283-d865-744c-818a-2c9eaf482d46_terseLabel_en-US" xlink:label="lab_lyg_FreeFloatPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Free float percentage (percent)</link:label>
    <link:label id="lab_lyg_FreeFloatPercentage_label_en-US" xlink:label="lab_lyg_FreeFloatPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Free Float Percentage</link:label>
    <link:label id="lab_lyg_FreeFloatPercentage_documentation_en-US" xlink:label="lab_lyg_FreeFloatPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Free Float Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FreeFloatPercentage" xlink:href="lyg-20251231.xsd#lyg_FreeFloatPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FreeFloatPercentage" xlink:to="lab_lyg_FreeFloatPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CoveredBondsMember_019c5283-da12-7630-82a6-6255565a5912_terseLabel_en-US" xlink:label="lab_lyg_CoveredBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covered bonds</link:label>
    <link:label id="lab_lyg_CoveredBondsMember_label_en-US" xlink:label="lab_lyg_CoveredBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Covered Bonds [Member]</link:label>
    <link:label id="lab_lyg_CoveredBondsMember_documentation_en-US" xlink:label="lab_lyg_CoveredBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Covered Bonds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CoveredBondsMember" xlink:href="lyg-20251231.xsd#lyg_CoveredBondsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CoveredBondsMember" xlink:to="lab_lyg_CoveredBondsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BenefitsPaidOrPayable_019c5283-d865-7d62-a3a7-d01f4a024894_terseLabel_en-US" xlink:label="lab_ifrs-full_BenefitsPaidOrPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Benefits expected to be paid</link:label>
    <link:label id="lab_ifrs-full_BenefitsPaidOrPayable_label_en-US" xlink:label="lab_ifrs-full_BenefitsPaidOrPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Benefits paid or payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BenefitsPaidOrPayable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BenefitsPaidOrPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BenefitsPaidOrPayable" xlink:to="lab_ifrs-full_BenefitsPaidOrPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AwardDate1Axis_019c5283-d8e9-734d-8e64-4aa2c92bbd71_terseLabel_en-US" xlink:label="lab_lyg_AwardDate1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award date [Axis]</link:label>
    <link:label id="lab_lyg_AwardDate1Axis_label_en-US" xlink:label="lab_lyg_AwardDate1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Award Date1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AwardDate1Axis" xlink:href="lyg-20251231.xsd#lyg_AwardDate1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AwardDate1Axis" xlink:to="lab_lyg_AwardDate1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_019c5283-da98-7291-8eff-b743e292b2e6_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of and additional investment in joint ventures</link:label>
    <link:label id="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other cash payments to acquire interests in joint ventures, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NumberOfClassActions_019c5283-d7c1-7c3c-b605-032620b39a36_terseLabel_en-US" xlink:label="lab_lyg_NumberOfClassActions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of class actions</link:label>
    <link:label id="lab_lyg_NumberOfClassActions_label_en-US" xlink:label="lab_lyg_NumberOfClassActions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Class Actions</link:label>
    <link:label id="lab_lyg_NumberOfClassActions_documentation_en-US" xlink:label="lab_lyg_NumberOfClassActions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Class Actions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfClassActions" xlink:href="lyg-20251231.xsd#lyg_NumberOfClassActions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfClassActions" xlink:to="lab_lyg_NumberOfClassActions" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SecuritisationNotesMember_019c5283-d8e9-7b14-a8e5-1e20d5d1aa08_terseLabel_en-US" xlink:label="lab_lyg_SecuritisationNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitisation notes</link:label>
    <link:label id="lab_lyg_SecuritisationNotesMember_label_en-US" xlink:label="lab_lyg_SecuritisationNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitisation Notes [Member]</link:label>
    <link:label id="lab_lyg_SecuritisationNotesMember_documentation_en-US" xlink:label="lab_lyg_SecuritisationNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securitisation Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuritisationNotesMember" xlink:href="lyg-20251231.xsd#lyg_SecuritisationNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuritisationNotesMember" xlink:to="lab_lyg_SecuritisationNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExcludingDerivativesMember_019c5283-da11-74b2-9ea1-2b9cdac3c2b7_terseLabel_en-US" xlink:label="lab_lyg_ExcludingDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excluding derivatives</link:label>
    <link:label id="lab_lyg_ExcludingDerivativesMember_label_en-US" xlink:label="lab_lyg_ExcludingDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Excluding Derivatives [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExcludingDerivativesMember" xlink:href="lyg-20251231.xsd#lyg_ExcludingDerivativesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExcludingDerivativesMember" xlink:to="lab_lyg_ExcludingDerivativesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherRevenueExpense_019c5283-d865-744b-99ce-ef7c3ceae3da_terseLabel_en-US" xlink:label="lab_lyg_OtherRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_lyg_OtherRevenueExpense_label_en-US" xlink:label="lab_lyg_OtherRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Revenue (Expense)</link:label>
    <link:label id="lab_lyg_OtherRevenueExpense_documentation_en-US" xlink:label="lab_lyg_OtherRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Revenue (Expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherRevenueExpense" xlink:href="lyg-20251231.xsd#lyg_OtherRevenueExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherRevenueExpense" xlink:to="lab_lyg_OtherRevenueExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansToKeyManagementPersonnel_019c5283-d865-7009-aa94-9edf02877a03_periodStartLabel_en-US" xlink:label="lab_lyg_LoansToKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_lyg_LoansToKeyManagementPersonnel_019c5283-d865-772e-8e23-4b6d3186536e_periodEndLabel_en-US" xlink:label="lab_lyg_LoansToKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_lyg_LoansToKeyManagementPersonnel_label_en-US" xlink:label="lab_lyg_LoansToKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LoansToKeyManagementPersonnel</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansToKeyManagementPersonnel" xlink:href="lyg-20251231.xsd#lyg_LoansToKeyManagementPersonnel"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansToKeyManagementPersonnel" xlink:to="lab_lyg_LoansToKeyManagementPersonnel" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MainstreamAndSpecialistMortgagesMember_019c5283-d865-74a2-ace9-8b435a5cae35_terseLabel_en-US" xlink:label="lab_lyg_MainstreamAndSpecialistMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mainstream and specialist mortgages</link:label>
    <link:label id="lab_lyg_MainstreamAndSpecialistMortgagesMember_label_en-US" xlink:label="lab_lyg_MainstreamAndSpecialistMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mainstream and Specialist Mortgages [Member]</link:label>
    <link:label id="lab_lyg_MainstreamAndSpecialistMortgagesMember_documentation_en-US" xlink:label="lab_lyg_MainstreamAndSpecialistMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mainstream and Specialist Mortgages</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MainstreamAndSpecialistMortgagesMember" xlink:href="lyg-20251231.xsd#lyg_MainstreamAndSpecialistMortgagesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MainstreamAndSpecialistMortgagesMember" xlink:to="lab_lyg_MainstreamAndSpecialistMortgagesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LossComponentMember_019c5283-da12-7d86-be73-4bd98a7b164e_terseLabel_en-US" xlink:label="lab_ifrs-full_LossComponentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss component &#163;m</link:label>
    <link:label id="lab_ifrs-full_LossComponentMember_label_en-US" xlink:label="lab_ifrs-full_LossComponentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss component [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LossComponentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LossComponentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LossComponentMember" xlink:to="lab_ifrs-full_LossComponentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_019c5283-d865-7956-af78-c9fedb1b8964_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesTable_label_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesTable" xlink:href="lyg-20251231.xsd#lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesTable"/>
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    <link:label id="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis_019c5283-d865-7906-9d02-dca3452799b5_terseLabel_en-US" xlink:label="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of measurement of expected credit losses [axis]</link:label>
    <link:label id="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis_label_en-US" xlink:label="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of measurement of expected credit losses [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_019c5283-da98-7f2e-b8f3-3f3b32c44e70_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:to="lab_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestIncomeForFinancialAssetsMeasuredAtAmortisedCost_019c5283-da11-7bec-b57e-2ca2356e56e5_totalLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeForFinancialAssetsMeasuredAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Financial assets held at amortised cost</link:label>
    <link:label id="lab_ifrs-full_InterestIncomeForFinancialAssetsMeasuredAtAmortisedCost_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeForFinancialAssetsMeasuredAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest revenue for financial assets measured at amortised cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeForFinancialAssetsMeasuredAtAmortisedCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeForFinancialAssetsMeasuredAtAmortisedCost"/>
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    <link:label id="lab_lyg_DisclosureOfCashFlowStatementAbstract_019c5283-d8e9-7dee-bd38-d52332472d7b_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfCashFlowStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of cash flow statement [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfCashFlowStatementAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfCashFlowStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of cash flow statement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfCashFlowStatementAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfCashFlowStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfCashFlowStatementAbstract" xlink:to="lab_lyg_DisclosureOfCashFlowStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DrawnBalanceMember_019c5283-d974-7ce6-a1d0-5cbfd80b2228_terseLabel_en-US" xlink:label="lab_lyg_DrawnBalanceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross drawn exposures</link:label>
    <link:label id="lab_lyg_DrawnBalanceMember_label_en-US" xlink:label="lab_lyg_DrawnBalanceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Drawn Balance [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DrawnBalanceMember" xlink:href="lyg-20251231.xsd#lyg_DrawnBalanceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DrawnBalanceMember" xlink:to="lab_lyg_DrawnBalanceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileDMember_019c5283-d8e9-7805-bebe-928952732a04_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileDMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">D &#163;m</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileDMember_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile D [Member]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileDMember_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileDMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile D</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileDMember" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileDMember"/>
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    <link:label id="lab_lyg_OtherPublicSectorSecurities_019c5283-d974-7599-b6cd-f16e2b90b6dd_terseLabel_en-US" xlink:label="lab_lyg_OtherPublicSectorSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other public sector securities</link:label>
    <link:label id="lab_lyg_OtherPublicSectorSecurities_label_en-US" xlink:label="lab_lyg_OtherPublicSectorSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Public Sector Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherPublicSectorSecurities" xlink:href="lyg-20251231.xsd#lyg_OtherPublicSectorSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherPublicSectorSecurities" xlink:to="lab_lyg_OtherPublicSectorSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfPresentValueOfDefinedBenefitObligationThatDistinguishesNatureCharacteristicsAndRisksExplanatory_019c5283-d974-7d0c-ab38-008aa3ef4481_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfPresentValueOfDefinedBenefitObligationThatDistinguishesNatureCharacteristicsAndRisksExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Retirement Benefits Amounts Recognized in Balance Sheet and Change in Fair Value of Scheme Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfPresentValueOfDefinedBenefitObligationThatDistinguishesNatureCharacteristicsAndRisksExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfPresentValueOfDefinedBenefitObligationThatDistinguishesNatureCharacteristicsAndRisksExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of present value of defined benefit obligation that distinguishes nature, characteristics and risks [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfPresentValueOfDefinedBenefitObligationThatDistinguishesNatureCharacteristicsAndRisksExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfPresentValueOfDefinedBenefitObligationThatDistinguishesNatureCharacteristicsAndRisksExplanatory"/>
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    <link:label id="lab_lyg_MovementsInForeignCurrencyTranslationReserveAbstract_019c5283-da11-7090-9fee-b1e4e9296b00_terseLabel_en-US" xlink:label="lab_lyg_MovementsInForeignCurrencyTranslationReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign currency translation reserve</link:label>
    <link:label id="lab_lyg_MovementsInForeignCurrencyTranslationReserveAbstract_label_en-US" xlink:label="lab_lyg_MovementsInForeignCurrencyTranslationReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movements In Foreign Currency Translation Reserve [Abstract]</link:label>
    <link:label id="lab_lyg_MovementsInForeignCurrencyTranslationReserveAbstract_documentation_en-US" xlink:label="lab_lyg_MovementsInForeignCurrencyTranslationReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Movements In Foreign Currency Translation Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MovementsInForeignCurrencyTranslationReserveAbstract" xlink:href="lyg-20251231.xsd#lyg_MovementsInForeignCurrencyTranslationReserveAbstract"/>
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    <link:label id="lab_lyg_FinancialInstrumentPDBoundaryPercentage_019c5283-d974-7ec3-8a21-8ba4eb42710b_terseLabel_en-US" xlink:label="lab_lyg_FinancialInstrumentPDBoundaryPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PD boundary % (in percent)</link:label>
    <link:label id="lab_lyg_FinancialInstrumentPDBoundaryPercentage_label_en-US" xlink:label="lab_lyg_FinancialInstrumentPDBoundaryPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instrument, PD Boundary Percentage</link:label>
    <link:label id="lab_lyg_FinancialInstrumentPDBoundaryPercentage_documentation_en-US" xlink:label="lab_lyg_FinancialInstrumentPDBoundaryPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instrument, PD Boundary Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialInstrumentPDBoundaryPercentage" xlink:href="lyg-20251231.xsd#lyg_FinancialInstrumentPDBoundaryPercentage"/>
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    <link:label id="lab_ifrs-full_TaxEffectOfForeignTaxRates_019c5283-d974-7401-99d5-9b45364db9d4_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"/>
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    <link:label id="lab_lyg_SeventyPercentToEightyPercentMember_019c5283-d8e9-7d7e-830d-3065613519b0_terseLabel_en-US" xlink:label="lab_lyg_SeventyPercentToEightyPercentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">70% to 80%</link:label>
    <link:label id="lab_lyg_SeventyPercentToEightyPercentMember_label_en-US" xlink:label="lab_lyg_SeventyPercentToEightyPercentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seventy Percent To Eighty Percent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SeventyPercentToEightyPercentMember" xlink:href="lyg-20251231.xsd#lyg_SeventyPercentToEightyPercentMember"/>
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    <link:label id="lab_lyg_MaximumEmployerContributionToMatchingSharesScheme_019c5283-d865-7246-9b3e-6daeccc8e708_terseLabel_en-US" xlink:label="lab_lyg_MaximumEmployerContributionToMatchingSharesScheme" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum employer contribution to matching shares scheme</link:label>
    <link:label id="lab_lyg_MaximumEmployerContributionToMatchingSharesScheme_label_en-US" xlink:label="lab_lyg_MaximumEmployerContributionToMatchingSharesScheme" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MaximumEmployerContributionToMatchingSharesScheme</link:label>
    <link:label id="lab_lyg_MaximumEmployerContributionToMatchingSharesScheme_documentation_en-US" xlink:label="lab_lyg_MaximumEmployerContributionToMatchingSharesScheme" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Value of shares purchased by employees the Group will match per month.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MaximumEmployerContributionToMatchingSharesScheme" xlink:href="lyg-20251231.xsd#lyg_MaximumEmployerContributionToMatchingSharesScheme"/>
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    <link:label id="lab_lyg_ReducedGrowthRateUsedToExtrapolateCashFlowProjections_019c5283-d8e9-786f-baed-3907fedaa2c9_terseLabel_en-US" xlink:label="lab_lyg_ReducedGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduced growth rate used to extrapolate cash flow projections (in percent)</link:label>
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    <link:label id="lab_lyg_ReducedGrowthRateUsedToExtrapolateCashFlowProjections_documentation_en-US" xlink:label="lab_lyg_ReducedGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reduced Growth Rate Used To Extrapolate Cash Flow Projections</link:label>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019c5283-da11-7816-be5d-d9fd012ef485_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">Losses before tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019c5283-da11-7f89-b490-028f5edce98a_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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: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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ValuationAdjustmentDomain_019c5283-d8e9-74d6-966b-bed4626f888b_terseLabel_en-US" xlink:label="lab_lyg_ValuationAdjustmentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation adjustment [Domain]</link:label>
    <link:label id="lab_lyg_ValuationAdjustmentDomain_label_en-US" xlink:label="lab_lyg_ValuationAdjustmentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ValuationAdjustment [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ValuationAdjustmentDomain" xlink:href="lyg-20251231.xsd#lyg_ValuationAdjustmentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ValuationAdjustmentDomain" xlink:to="lab_lyg_ValuationAdjustmentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities_019c5283-da11-7e31-8a43-1605d41c5713_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases (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_lyg_CapitalExpenditureContractedForButNotRecognised_019c5283-da98-73fe-bd9a-b5bb953c7efd_terseLabel_en-US" xlink:label="lab_lyg_CapitalExpenditureContractedForButNotRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital expenditure contracted for but not recognised</link:label>
    <link:label id="lab_lyg_CapitalExpenditureContractedForButNotRecognised_label_en-US" xlink:label="lab_lyg_CapitalExpenditureContractedForButNotRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CapitalExpenditureContractedForButNotRecognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CapitalExpenditureContractedForButNotRecognised" xlink:href="lyg-20251231.xsd#lyg_CapitalExpenditureContractedForButNotRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CapitalExpenditureContractedForButNotRecognised" xlink:to="lab_lyg_CapitalExpenditureContractedForButNotRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfSubordinatedLiabilitiesAbstract_019c5283-da98-7c81-9680-15121b6f4387_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfSubordinatedLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of subordinated liabilities [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfSubordinatedLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfSubordinatedLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subordinated liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfSubordinatedLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfSubordinatedLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfSubordinatedLiabilitiesAbstract" xlink:to="lab_lyg_DisclosureOfSubordinatedLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember_019c5283-d7c1-7ec6-8587-11528211601a_verboseLabel_en-US" xlink:label="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">9.25% Non-cumulative Irredeemable Preference shares of GBP0.25</link:label>
    <link:label id="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember_label_en-US" xlink:label="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">9.25% Non-Cumulative Irredeemable Preference Shares [Member]</link:label>
    <link:label id="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember_documentation_en-US" xlink:label="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">9.25% Non-Cumulative Irredeemable Preference Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember" xlink:href="lyg-20251231.xsd#lyg_A925NonCumulativeIrredeemablePreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember" xlink:to="lab_lyg_A925NonCumulativeIrredeemablePreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents_019c5283-da12-7ca6-b7ae-4e25779d1112_terseLabel_en-US" xlink:label="lab_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration</link:label>
    <link:label id="lab_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portion of consideration paid (received) consisting of cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents" xlink:to="lab_ifrs-full_PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PercentageOfPreferenceSharesWithVotingRights_019c5283-d865-7a66-b268-4e83c53f3389_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfPreferenceSharesWithVotingRights" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference shares with voting rights (in percent)</link:label>
    <link:label id="lab_lyg_PercentageOfPreferenceSharesWithVotingRights_label_en-US" xlink:label="lab_lyg_PercentageOfPreferenceSharesWithVotingRights" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of Preference Shares with Voting Rights</link:label>
    <link:label id="lab_lyg_PercentageOfPreferenceSharesWithVotingRights_documentation_en-US" xlink:label="lab_lyg_PercentageOfPreferenceSharesWithVotingRights" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of Preference Shares with Voting Rights</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfPreferenceSharesWithVotingRights" xlink:href="lyg-20251231.xsd#lyg_PercentageOfPreferenceSharesWithVotingRights"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PercentageOfPreferenceSharesWithVotingRights" xlink:to="lab_lyg_PercentageOfPreferenceSharesWithVotingRights" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RiskAdjustment_019c5283-d974-7c07-8701-31f318195584_terseLabel_en-US" xlink:label="lab_lyg_RiskAdjustment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total risk adjustment</link:label>
    <link:label id="lab_lyg_RiskAdjustment_label_en-US" xlink:label="lab_lyg_RiskAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk Adjustment</link:label>
    <link:label id="lab_lyg_RiskAdjustment_documentation_en-US" xlink:label="lab_lyg_RiskAdjustment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risk Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RiskAdjustment" xlink:href="lyg-20251231.xsd#lyg_RiskAdjustment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RiskAdjustment" xlink:to="lab_lyg_RiskAdjustment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows_019c5283-d974-7bab-a061-decfee84708b_terseLabel_en-US" xlink:label="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total non-derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows_label_en-US" xlink:label="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-derivative financial liabilities, undiscounted cash flows</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualServiceMargin_019c5283-d7c1-7a13-becb-69321ce6a753_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMargin" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total CSM</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMargin_019c5283-d7c1-72e0-ad06-83c47c28cd5a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMargin" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Contractual service margin</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMargin_label_en-US" xlink:label="lab_ifrs-full_ContractualServiceMargin" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual service margin</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualServiceMargin" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualServiceMargin"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualServiceMargin" xlink:to="lab_ifrs-full_ContractualServiceMargin" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SecuredCommercialLendingMember_019c5283-da98-7d34-b74a-5b3fea07b145_terseLabel_en-US" xlink:label="lab_lyg_SecuredCommercialLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial loans</link:label>
    <link:label id="lab_lyg_SecuredCommercialLendingMember_label_en-US" xlink:label="lab_lyg_SecuredCommercialLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Commercial Lending [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuredCommercialLendingMember" xlink:href="lyg-20251231.xsd#lyg_SecuredCommercialLendingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuredCommercialLendingMember" xlink:to="lab_lyg_SecuredCommercialLendingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods_019c5283-da98-7a75-ac1f-0ab2da250af4_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" 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_AdjustmentsForDeferredTaxOfPriorPeriods_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for deferred tax of prior periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:to="lab_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_019c5283-d974-733b-ad97-68859d9b015f_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 (in percent)</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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:to="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod_019c5283-d7c1-7665-8a7b-c9295a6e6cac_terseLabel_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vesting period</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod_label_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Vesting Period</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod_documentation_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Vesting Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBasedPaymentArrangementsVestingPeriod" xlink:href="lyg-20251231.xsd#lyg_ShareBasedPaymentArrangementsVestingPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareBasedPaymentArrangementsVestingPeriod" xlink:to="lab_lyg_ShareBasedPaymentArrangementsVestingPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ClassesOfCommitmentsDomain_019c5283-da98-756f-ae17-e4fac1cbe927_terseLabel_en-US" xlink:label="lab_lyg_ClassesOfCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of commitments [Domain]</link:label>
    <link:label id="lab_lyg_ClassesOfCommitmentsDomain_label_en-US" xlink:label="lab_lyg_ClassesOfCommitmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ClassesOfCommitments [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ClassesOfCommitmentsDomain" xlink:href="lyg-20251231.xsd#lyg_ClassesOfCommitmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ClassesOfCommitmentsDomain" xlink:to="lab_lyg_ClassesOfCommitmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Prepayments_019c5283-da12-7d30-b0d3-39cf18d45098_terseLabel_en-US" xlink:label="lab_ifrs-full_Prepayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepayments</link:label>
    <link:label id="lab_ifrs-full_Prepayments_label_en-US" xlink:label="lab_ifrs-full_Prepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepayments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Prepayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Prepayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Prepayments" xlink:to="lab_ifrs-full_Prepayments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxAssetsExpirationTerm_019c5283-da11-77fd-bb29-ee058801ab55_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetsExpirationTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets, expiration term</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsExpirationTerm_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetsExpirationTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DeferredTaxAssetsExpirationTerm</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetsExpirationTerm" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetsExpirationTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxAssetsExpirationTerm" xlink:to="lab_lyg_DeferredTaxAssetsExpirationTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares_019c5283-da98-72e7-b1be-74489ddb8395_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain_019c5283-d865-764b-a132-b7d67fcbce96_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>
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    <link:label id="lab_lyg_SeniorUnsecuredNotesIssuedMember_documentation_en-US" xlink:label="lab_lyg_SeniorUnsecuredNotesIssuedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes Issued</link:label>
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    <link:label id="lab_dei_DocumentShellCompanyReport_label_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_STRUCTUREDENTITIESDetailsLineItems" xlink:href="lyg-20251231.xsd#lyg_STRUCTUREDENTITIESDetailsLineItems"/>
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    <link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_019c5283-d7c1-7cb0-9cee-92384f24a020_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>
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    <link:label id="lab_ifrs-full_AssetbackedDebtInstrumentsHeld_019c5283-d865-78d7-831b-b2ab6a5fbe72_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetbackedDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset-backed securities</link:label>
    <link:label id="lab_ifrs-full_AssetbackedDebtInstrumentsHeld_label_en-US" xlink:label="lab_ifrs-full_AssetbackedDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset-backed debt instruments held</link:label>
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    <link:label id="lab_ifrs-full_AverageNumberOfEmployees_019c5283-d8e9-72f1-a938-557654c3a65b_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of employees</link:label>
    <link:label id="lab_ifrs-full_AverageNumberOfEmployees_label_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average number of employees</link:label>
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    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_019c5283-da11-7fb7-947b-32d53289eeb2_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating lease assets</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment subject to operating leases [member]</link:label>
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    <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>
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    <link:label id="lab_lyg_RateOfInflationAbstractAbstract_019c5283-d865-7477-ae26-e0316c99f030_terseLabel_en-US" xlink:label="lab_lyg_RateOfInflationAbstractAbstract" 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_RateOfInflationAbstractAbstract_label_en-US" xlink:label="lab_lyg_RateOfInflationAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RateOfInflationAbstract [Abstract]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecurityArrangementsAssetsHeldDefinedBenefitsSchemes" xlink:to="lab_lyg_SecurityArrangementsAssetsHeldDefinedBenefitsSchemes" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_019c5283-da11-7a77-a75c-687aea267387_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>
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    <link:label id="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleOfDebtSecuritiesLineItems_019c5283-d8e9-731d-b5f1-baaf44644708_terseLabel_en-US" xlink:label="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleOfDebtSecuritiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items]</link:label>
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    <link:label id="lab_lyg_FiveYearsMember_019c5283-d974-7d2d-a201-9808bac240ce_terseLabel_en-US" xlink:label="lab_lyg_FiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5 year</link:label>
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    <link:label id="lab_lyg_LongtermAssuranceBusinessAdjustmentNettingMember_019c5283-d7c1-72c2-9bf6-8a1db8cc0330_terseLabel_en-US" xlink:label="lab_lyg_LongtermAssuranceBusinessAdjustmentNettingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term assurance business &#163;m</link:label>
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    <link:label id="lab_lyg_OptionsAndSharesGrantedMember_documentation_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Options and Shares Granted</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reserves within equity [line items]</link:label>
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    <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"/>
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    <link:label id="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesDomain_label_en-US" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash-generating units [domain]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_019c5283-d865-7c91-9cad-a9efaadffacf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Events since the balance sheet date</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutDefinedBenefitPlansAbstract_019c5283-d974-7b13-97df-1db7deb5ba3b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutDefinedBenefitPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information about defined benefit plans [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutDefinedBenefitPlansAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutDefinedBenefitPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about defined benefit plans [abstract]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of unconsolidated structured entities [line items]</link:label>
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    <link:label id="lab_lyg_AssetBackedDebtSecuritiesMember_019c5283-da98-757f-bbc8-8fbefecde537_terseLabel_en-US" xlink:label="lab_lyg_AssetBackedDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset-backed securities</link:label>
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    <link:label id="lab_lyg_AssetBackedDebtSecuritiesMember_documentation_en-US" xlink:label="lab_lyg_AssetBackedDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Backed Debt Securities</link:label>
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    <link:label id="lab_lyg_DeferredBonusPlanMember_label_en-US" xlink:label="lab_lyg_DeferredBonusPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Bonus Plan [Member]</link:label>
    <link:label id="lab_lyg_DeferredBonusPlanMember_documentation_en-US" xlink:label="lab_lyg_DeferredBonusPlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Bonus Plan</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_019c5283-d865-74c4-9038-bbc70195eaee_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 from operating activities</link:label>
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    <link:label id="lab_lyg_SchroderWealthHoldingsLimitedMember_019c5283-d865-712e-8a7d-008912a46052_terseLabel_en-US" xlink:label="lab_lyg_SchroderWealthHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schroder Wealth Holdings Limited</link:label>
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    <link:label id="lab_lyg_LTIPMember_019c5283-d7c1-727b-8424-48ad615fdcd3_terseLabel_en-US" xlink:label="lab_lyg_LTIPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long Term Share Plan</link:label>
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    <link:label id="lab_lyg_LoansAndAdvancesToCustomersMember_019c5283-d7c1-7159-b7a8-6d035aa038b8_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>
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    <link:label id="lab_lyg_BLTPropertiesMember_019c5283-da12-72e8-b4d8-c67c1aff660f_terseLabel_en-US" xlink:label="lab_lyg_BLTPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BLT Properties</link:label>
    <link:label id="lab_lyg_BLTPropertiesMember_label_en-US" xlink:label="lab_lyg_BLTPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">BLT Properties [Member]</link:label>
    <link:label id="lab_lyg_BLTPropertiesMember_documentation_en-US" xlink:label="lab_lyg_BLTPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">BLT Properties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BLTPropertiesMember" xlink:href="lyg-20251231.xsd#lyg_BLTPropertiesMember"/>
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    <link:label id="lab_lyg_MiningAndQuarryingMember_019c5283-d8e9-7985-9661-2242ad055a6e_terseLabel_en-US" xlink:label="lab_lyg_MiningAndQuarryingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mining and quarrying</link:label>
    <link:label id="lab_lyg_MiningAndQuarryingMember_label_en-US" xlink:label="lab_lyg_MiningAndQuarryingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mining and Quarrying [Member]</link:label>
    <link:label id="lab_lyg_MiningAndQuarryingMember_documentation_en-US" xlink:label="lab_lyg_MiningAndQuarryingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mining and Quarrying</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MiningAndQuarryingMember" xlink:href="lyg-20251231.xsd#lyg_MiningAndQuarryingMember"/>
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    <link:label id="lab_lyg_TypeOfFeeAndCommissionIncomeAxis_019c5283-d865-7268-90de-ab560510960a_terseLabel_en-US" xlink:label="lab_lyg_TypeOfFeeAndCommissionIncomeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of fee and commission income [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfFeeAndCommissionIncomeAxis_label_en-US" xlink:label="lab_lyg_TypeOfFeeAndCommissionIncomeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Fee And Commission Income [Axis]</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_019c5283-da12-7099-81d3-f39d3bf2d98f_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other (charge) to equity</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax relating to items credited (charged) directly to equity</link:label>
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    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofSecuritiesLendingTransactionsTable_019c5283-d8e9-7674-be5b-cb11c57962ca_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofSecuritiesLendingTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Table]</link:label>
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    <link:label id="lab_lyg_InsuranceClaims1Member_019c5283-da98-7ad6-808b-e167700ee383_terseLabel_en-US" xlink:label="lab_lyg_InsuranceClaims1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance claims</link:label>
    <link:label id="lab_lyg_InsuranceClaims1Member_label_en-US" xlink:label="lab_lyg_InsuranceClaims1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Claims1 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceClaims1Member" xlink:href="lyg-20251231.xsd#lyg_InsuranceClaims1Member"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_019c5283-d865-7615-ad7f-5412f265486f_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"/>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetLineItems_019c5283-d974-7f9b-b97b-e25bd417b229_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetLineItems"/>
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    <link:label id="lab_ifrs-full_BankAndSimilarCharges_019c5283-d8e9-7dde-8d36-d77282cfd1d1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_BankAndSimilarCharges" 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_ifrs-full_BankAndSimilarCharges_label_en-US" xlink:label="lab_ifrs-full_BankAndSimilarCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank and similar charges</link:label>
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    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutAllowanceForExpectedCreditLossesExplanatoryTableTextBlock_019c5283-da11-713b-a310-9e5be4f41d85_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutAllowanceForExpectedCreditLossesExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information about Allowance for Expected Credit Losses</link:label>
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    <link:label id="lab_lyg_FinancialBusinessAndOtherServicesMember_019c5283-d7c1-78bd-8edb-07efd3807778_terseLabel_en-US" xlink:label="lab_lyg_FinancialBusinessAndOtherServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial, business and other services</link:label>
    <link:label id="lab_lyg_FinancialBusinessAndOtherServicesMember_label_en-US" xlink:label="lab_lyg_FinancialBusinessAndOtherServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Business And Other Services [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialBusinessAndOtherServicesMember" xlink:href="lyg-20251231.xsd#lyg_FinancialBusinessAndOtherServicesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialBusinessAndOtherServicesMember" xlink:to="lab_lyg_FinancialBusinessAndOtherServicesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_019c5283-d7c1-7b30-b3e8-a3dd0ade00ed_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions with employees</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions with employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ReverseRepurchaseAgreementMember_019c5283-d974-735c-8179-fda44b2b7cae_verboseLabel_en-US" xlink:label="lab_lyg_ReverseRepurchaseAgreementMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Reverse repurchase agreements held at fair value</link:label>
    <link:label id="lab_lyg_ReverseRepurchaseAgreementMember_label_en-US" xlink:label="lab_lyg_ReverseRepurchaseAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Repurchase Agreement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ReverseRepurchaseAgreementMember" xlink:href="lyg-20251231.xsd#lyg_ReverseRepurchaseAgreementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ReverseRepurchaseAgreementMember" xlink:to="lab_lyg_ReverseRepurchaseAgreementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ProductOrServiceAxis_019c5283-d7c1-761a-adb4-58c4801117a6_terseLabel_en-US" xlink:label="lab_srt_ProductOrServiceAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Product and Service [Axis]</link:label>
    <link:label id="lab_srt_ProductOrServiceAxis_label_en-US" xlink:label="lab_srt_ProductOrServiceAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Product and Service [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ProductOrServiceAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductOrServiceAxis" xlink:to="lab_srt_ProductOrServiceAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_019c5283-da98-71b9-9355-475e94b94041_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_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member_019c5283-d7c1-782e-ac9b-9e0cd57f6218_terseLabel_en-US" xlink:label="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$300,000,000 Senior Callable Floating Rate Notes due 2031</link:label>
    <link:label id="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member_label_en-US" xlink:label="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$300,000,000 Senior Callable Floating Rate Notes due 2031 [Member]</link:label>
    <link:label id="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member_documentation_en-US" xlink:label="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$300,000,000 Senior Callable Floating Rate Notes due 2031</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member" xlink:href="lyg-20251231.xsd#lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member" xlink:to="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2031Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems_019c5283-da11-79ee-89b2-52f02f276b41_terseLabel_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items]</link:label>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems_label_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Key Management Personnel [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems" xlink:href="lyg-20251231.xsd#lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems" xlink:to="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_019c5283-da98-7b31-a27d-f607662aa190_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amortisation of insurance acquisition cash flows</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_019c5283-da98-7597-83dd-86b5558a3f7e_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BrandNamesMember_019c5283-d975-7e9a-aac7-79d9053ac47f_terseLabel_en-US" xlink:label="lab_ifrs-full_BrandNamesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Brands &#163;m</link:label>
    <link:label id="lab_ifrs-full_BrandNamesMember_label_en-US" xlink:label="lab_ifrs-full_BrandNamesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Brand names [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BrandNamesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BrandNamesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrandNamesMember" xlink:to="lab_ifrs-full_BrandNamesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders_019c5283-d865-7af5-a732-a0abf5ae23e1_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:loc xlink:type="locator" xlink:label="loc_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders" xlink:href="lyg-20251231.xsd#lyg_ComprehensiveIncomeAttributableToOtherEquityHolders"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders" xlink:to="lab_lyg_ComprehensiveIncomeAttributableToOtherEquityHolders" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities_019c5283-d865-71e4-b1ac-c1bbccb06a55_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesRefundClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfCashFlowHedges_019c5283-d865-77ab-9cdf-11073ad41e8a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_ReserveOfCashFlowHedges_019c5283-d865-7bb9-9db7-0135d35787c7_periodEndLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_ReserveOfCashFlowHedges_label_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfCashFlowHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfCashFlowHedges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedges" xlink:to="lab_ifrs-full_ReserveOfCashFlowHedges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentContractLiabilities_019c5283-d865-7d7b-93eb-a9010568a88b_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current contract liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentContractLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current contract liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentContractLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentContractLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentContractLiabilities" xlink:to="lab_ifrs-full_CurrentContractLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_019c5283-d974-7fdb-89f2-371f0966e111_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeAxis_019c5283-da98-7b3f-b1a1-417f16f550d1_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeAxis" xlink:to="lab_srt_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueOfCombinedEntity_019c5283-d8e9-7106-a7be-f62d6d8a95a0_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueOfCombinedEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue of combined entity as if combination occurred at beginning of period</link:label>
    <link:label id="lab_ifrs-full_RevenueOfCombinedEntity_label_en-US" xlink:label="lab_ifrs-full_RevenueOfCombinedEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue of combined entity as if combination occurred at beginning of period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueOfCombinedEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueOfCombinedEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueOfCombinedEntity" xlink:to="lab_ifrs-full_RevenueOfCombinedEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems_019c5283-d865-74e3-9136-67f1e49f3ed1_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems" xlink:to="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofDerivativesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities_019c5283-d865-7e23-af60-c7f93a6ba7ae_verboseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Change in investment contract liabilities</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities_label_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Investment Contract Liabilities</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities_documentation_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Investment Contract Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities" xlink:to="lab_lyg_AdjustmentsForIncreaseDecreaseInInvestmentContractLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_StockRepurchaseProgramAuthorizedAmount1_019c5283-d865-77a3-ae58-1b45a5cdd0c0_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, authorised 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_ifrs-full_ClassesOfAssetsAxis_019c5283-d865-7f08-8f57-cafec7df0f39_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_InsuranceContractsLiabilityAsset_019c5283-d7c1-7e57-a67d-89f9aaae66e3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net liability</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_019c5283-d7c1-799d-a3bb-387520d57d1f_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Net liability at 1 January</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_019c5283-d7c1-787e-8da5-cd0e3052620f_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Net liability at 31 December</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_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember_019c5283-d8e9-7dd9-a80f-b55e380c5f27_verboseLabel_en-US" xlink:label="lab_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">9.75% Non-cumulative Irredeemable Preference shares of GBP0.25</link:label>
    <link:label id="lab_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember_label_en-US" xlink:label="lab_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">9.75% Non-Cumulative Irredeemable Preference Shares [Member]</link:label>
    <link:label id="lab_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember_documentation_en-US" xlink:label="lab_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">9.75% Non-Cumulative Irredeemable Preference Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember" xlink:href="lyg-20251231.xsd#lyg_A975NonCumulativeIrredeemablePreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember" xlink:to="lab_lyg_A975NonCumulativeIrredeemablePreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss_019c5283-d7c1-7efc-b996-fe26f07cd87f_terseLabel_en-US" xlink:label="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities (excluding derivatives) at fair value</link:label>
    <link:label id="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss_019c5283-d7c1-7116-8c92-e4007934537d_totalLabel_en-US" xlink:label="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities (excluding derivatives) at fair value</link:label>
    <link:label id="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Liabilities Excluding Derivatives At Fair Value Through Profit Or Loss</link:label>
    <link:label id="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss_documentation_en-US" xlink:label="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Liabilities Excluding Derivatives At Fair Value Through Profit Or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:href="lyg-20251231.xsd#lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:to="lab_lyg_FinancialLiabilitiesExcludingDerivativesAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_019c5283-d865-7d6c-a06f-77431757b191_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">4 to 5 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_019c5283-d865-7805-9103-08189327cd53_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Later than 4 years and not later than 5 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueOfAcquiree_019c5283-d8e9-7d98-b4ee-8e4f287568c9_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueOfAcquiree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue of acquiree since acquisition date</link:label>
    <link:label id="lab_ifrs-full_RevenueOfAcquiree_label_en-US" xlink:label="lab_ifrs-full_RevenueOfAcquiree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue of acquiree since acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueOfAcquiree" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueOfAcquiree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueOfAcquiree" xlink:to="lab_ifrs-full_RevenueOfAcquiree" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable_019c5283-d8e9-726a-9434-74ba073eccaf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of actual claims compared with previous estimates [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of actual claims compared with previous estimates [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable" xlink:to="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinancialRiskManagementAbstract_label_en-US" xlink:label="lab_lyg_FinancialRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial risk management [Abstract]</link:label>
    <link:label id="lab_lyg_FinancialRiskManagementAbstract_documentation_en-US" xlink:label="lab_lyg_FinancialRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial risk management [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialRiskManagementAbstract" xlink:href="lyg-20251231.xsd#lyg_FinancialRiskManagementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialRiskManagementAbstract" xlink:to="lab_lyg_FinancialRiskManagementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory_019c5283-d865-771d-a87e-c47b858ab5b3_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents_019c5283-d7c1-7ac8-8b87-1eb0158c7f67_negatedTerseLabel_en-US" xlink:label="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Non cash consideration</link:label>
    <link:label id="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents_label_en-US" xlink:label="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portion Of Consideration Paid (Received) Not Consisting Of Cash And Cash Equivalents</link:label>
    <link:label id="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents_documentation_en-US" xlink:label="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Portion Of Consideration Paid (Received) Not Consisting Of Cash And Cash Equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents" xlink:href="lyg-20251231.xsd#lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents" xlink:to="lab_lyg_PortionOfConsiderationPaidReceivedNotConsistingOfCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember_019c5283-da11-77db-a08a-b238a330e8e9_terseLabel_en-US" xlink:label="lab_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">&#8211; audits of the Company&#8217;s subsidiaries</link:label>
    <link:label id="lab_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember_label_en-US" xlink:label="lab_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit Of The Companys Subsidiaries Pursuant To Legislation [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember" xlink:href="lyg-20251231.xsd#lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember" xlink:to="lab_lyg_AuditOfTheCompanysSubsidiariesPursuantToLegislationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SubInvestmentGradeMember_019c5283-d7c1-7799-9b73-3628448961d6_terseLabel_en-US" xlink:label="lab_lyg_SubInvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sub-investment grade</link:label>
    <link:label id="lab_lyg_SubInvestmentGradeMember_label_en-US" xlink:label="lab_lyg_SubInvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sub Investment Grade [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SubInvestmentGradeMember" xlink:href="lyg-20251231.xsd#lyg_SubInvestmentGradeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SubInvestmentGradeMember" xlink:to="lab_lyg_SubInvestmentGradeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeAxis_019c5283-da11-7cb5-8722-71b83fc898ae_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_CentralBankBalancesMember_019c5283-d865-76ef-bd98-cbea1ea7fe55_terseLabel_en-US" xlink:label="lab_lyg_CentralBankBalancesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Central bank balances</link:label>
    <link:label id="lab_lyg_CentralBankBalancesMember_label_en-US" xlink:label="lab_lyg_CentralBankBalancesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Central Bank Balances [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CentralBankBalancesMember" xlink:href="lyg-20251231.xsd#lyg_CentralBankBalancesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CentralBankBalancesMember" xlink:to="lab_lyg_CentralBankBalancesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MotorFinanceMember_019c5283-d8e9-769a-a930-08c9fb475ed4_terseLabel_en-US" xlink:label="lab_lyg_MotorFinanceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail &#8211; UK 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-20251231.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_FixedInterestRateMember_019c5283-d8e9-7487-821b-7b3c2477cc4d_terseLabel_en-US" xlink:label="lab_ifrs-full_FixedInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed interest government bonds</link:label>
    <link:label id="lab_ifrs-full_FixedInterestRateMember_label_en-US" xlink:label="lab_ifrs-full_FixedInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed interest rate [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FixedInterestRateMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FixedInterestRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixedInterestRateMember" xlink:to="lab_ifrs-full_FixedInterestRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_019c5283-d974-73e6-8b6c-15ac4910d3a6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Financial Liabilities Excluding Derivatives</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExecutiveSharePlan2003Member_019c5283-d974-79ac-a572-f612de817e13_terseLabel_en-US" xlink:label="lab_lyg_ExecutiveSharePlan2003Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Executive Share Plans</link:label>
    <link:label id="lab_lyg_ExecutiveSharePlan2003Member_label_en-US" xlink:label="lab_lyg_ExecutiveSharePlan2003Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Executive Share Plan 2003 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExecutiveSharePlan2003Member" xlink:href="lyg-20251231.xsd#lyg_ExecutiveSharePlan2003Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExecutiveSharePlan2003Member" xlink:to="lab_lyg_ExecutiveSharePlan2003Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_019c5283-da11-74ae-9277-e52fbbb91405_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_019c5283-da11-70cc-83d7-b5a1577e4daa_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_lyg_DisposalGroupLiabilitiesAbstract_019c5283-da11-7788-a63f-2d2ae3d9758e_terseLabel_en-US" xlink:label="lab_lyg_DisposalGroupLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposal group liabilities:</link:label>
    <link:label id="lab_lyg_DisposalGroupLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_DisposalGroupLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal Group Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_DisposalGroupLiabilitiesAbstract_documentation_en-US" xlink:label="lab_lyg_DisposalGroupLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disposal Group Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisposalGroupLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisposalGroupLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisposalGroupLiabilitiesAbstract" xlink:to="lab_lyg_DisposalGroupLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PreferenceSharesTable_019c5283-d8e9-7201-9685-b1d8b4990a56_terseLabel_en-US" xlink:label="lab_lyg_PreferenceSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference Shares [Table]</link:label>
    <link:label id="lab_lyg_PreferenceSharesTable_label_en-US" xlink:label="lab_lyg_PreferenceSharesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference Shares [Table]</link:label>
    <link:label id="lab_lyg_PreferenceSharesTable_documentation_en-US" xlink:label="lab_lyg_PreferenceSharesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preference Shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PreferenceSharesTable" xlink:href="lyg-20251231.xsd#lyg_PreferenceSharesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PreferenceSharesTable" xlink:to="lab_lyg_PreferenceSharesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CreditRiskAbstract_019c5283-da11-7b51-89ee-a53c22497b9e_terseLabel_en-US" xlink:label="lab_lyg_CreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit risk [Abstract]</link:label>
    <link:label id="lab_lyg_CreditRiskAbstract_label_en-US" xlink:label="lab_lyg_CreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit risk [Abstract]</link:label>
    <link:label id="lab_lyg_CreditRiskAbstract_documentation_en-US" xlink:label="lab_lyg_CreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditRiskAbstract" xlink:href="lyg-20251231.xsd#lyg_CreditRiskAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditRiskAbstract" xlink:to="lab_lyg_CreditRiskAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfUnemploymentRate_019c5283-d974-7a14-8f82-85d438752a3f_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">KeyAssumptionOfUnemploymentRate</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">KeyAssumptionOfUnemploymentRate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfUnemploymentRate" xlink:href="lyg-20251231.xsd#lyg_KeyAssumptionOfUnemploymentRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_KeyAssumptionOfUnemploymentRate" xlink:to="lab_lyg_KeyAssumptionOfUnemploymentRate" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems_019c5283-d865-7523-b3af-59d9a82e12b8_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Analysis of Defined Benefit Obligations [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Analysis of Defined Benefit Obligation [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock_019c5283-da98-7bb0-919b-7ec9825448c1_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Operating Segments</link:label>
    <link:label id="lab_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfOperatingSegmentsTextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfOperatingSegmentsTextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DEFERREDTAXDetailsLineItems_019c5283-d865-7991-bbdc-3e1d3a4f786e_terseLabel_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Narrative [Line Items]</link:label>
    <link:label id="lab_lyg_DEFERREDTAXDetailsLineItems_label_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEFERREDTAXDetailsLineItems" xlink:href="lyg-20251231.xsd#lyg_DEFERREDTAXDetailsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DEFERREDTAXDetailsLineItems" xlink:to="lab_lyg_DEFERREDTAXDetailsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_019c5283-d974-70ae-a1f5-c72deb1e940a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of liquidity risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfLiquidityRiskExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory_019c5283-d8e9-7919-adb3-562397687a8f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Other Operating Income</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other operating income [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss_019c5283-da11-7dca-b087-75c165d0eb6a_terseLabel_en-US" xlink:label="lab_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount contractually payable on debt securities held at fair value through profit or loss</link:label>
    <link:label id="lab_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss" xlink:href="lyg-20251231.xsd#lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss" xlink:to="lab_lyg_AmountContractuallyPayableOnDebtSecuritiesHeldAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfSettledDerivativeAxis_019c5283-da11-7731-b3f6-374eb72316ef_terseLabel_en-US" xlink:label="lab_lyg_TypeOfSettledDerivativeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of settled derivative [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfSettledDerivativeAxis_label_en-US" xlink:label="lab_lyg_TypeOfSettledDerivativeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Settled Derivative [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfSettledDerivativeAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfSettledDerivativeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfSettledDerivativeAxis" xlink:to="lab_lyg_TypeOfSettledDerivativeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfFundingDomain_019c5283-d7c1-7cef-8f06-7d483e2fa288_terseLabel_en-US" xlink:label="lab_lyg_TypeOfFundingDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of Funding [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfFundingDomain_label_en-US" xlink:label="lab_lyg_TypeOfFundingDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Funding [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfFundingDomain_documentation_en-US" xlink:label="lab_lyg_TypeOfFundingDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Type of Funding [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfFundingDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfFundingDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfFundingDomain" xlink:to="lab_lyg_TypeOfFundingDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member_019c5283-d8e9-7f18-baf8-0fda824805d9_terseLabel_en-US" xlink:label="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 5.087% Senior Callable Fixed-to-Fixed Rate Notes due 2028</link:label>
    <link:label id="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member_label_en-US" xlink:label="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 5.087% Senior Callable Fixed-to-Fixed Rate Notes due 2028 [Member]</link:label>
    <link:label id="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member_documentation_en-US" xlink:label="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 5.087% Senior Callable Fixed-to-Fixed Rate Notes due 2028</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:href="lyg-20251231.xsd#lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:to="lab_lyg_A12500000005.087SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfCPIInflationModelled_019c5283-d865-7f89-b4a9-32d0f3c3607b_terseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfCPIInflationModelled" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CPI inflation &#8211; modelled</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfCPIInflationModelled_label_en-US" xlink:label="lab_lyg_KeyAssumptionOfCPIInflationModelled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key Assumption Of CPI Inflation Modelled</link:label>
    <link:label id="lab_lyg_KeyAssumptionOfCPIInflationModelled_documentation_en-US" xlink:label="lab_lyg_KeyAssumptionOfCPIInflationModelled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Key Assumption Of CPI Inflation Modelled</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfCPIInflationModelled" xlink:href="lyg-20251231.xsd#lyg_KeyAssumptionOfCPIInflationModelled"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_KeyAssumptionOfCPIInflationModelled" xlink:to="lab_lyg_KeyAssumptionOfCPIInflationModelled" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses_019c5283-d7c1-79b8-849c-3a2ac092bb63_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 service 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-20251231.xsd#lyg_InsuranceRevenueExpectedIncurredClaimsAndOtherInsuranceServicesExpenses"/>
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    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory_019c5283-d865-7bec-8f34-12511a14b342_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(A) Insurance service result</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of analysis of insurance revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable_019c5283-da98-78c4-b25b-8d4e56e3f01e_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of mortgage portfolio</link:label>
    <link:label id="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable_label_en-US" xlink:label="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Mortgage Portfolio For Which No EPC Data Available</link:label>
    <link:label id="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable_documentation_en-US" xlink:label="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Of Mortgage Portfolio For Which No EPC Data Available</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable" xlink:href="lyg-20251231.xsd#lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable" xlink:to="lab_lyg_PercentageOfMortgagePortfolioForWhichNoEPCDataAvailable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceUnderwritingRiskAbstract_019c5283-da98-7d1c-8a8f-a02e9fb40d03_terseLabel_en-US" xlink:label="lab_lyg_InsuranceUnderwritingRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance underwriting risk [Abstract]</link:label>
    <link:label id="lab_lyg_InsuranceUnderwritingRiskAbstract_label_en-US" xlink:label="lab_lyg_InsuranceUnderwritingRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance underwriting risk [Abstract]</link:label>
    <link:label id="lab_lyg_InsuranceUnderwritingRiskAbstract_documentation_en-US" xlink:label="lab_lyg_InsuranceUnderwritingRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance underwriting risk [Abstract]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceUnderwritingRiskAbstract" xlink:to="lab_lyg_InsuranceUnderwritingRiskAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EnergyAndWaterSupplyMember_019c5283-d974-75ea-ad66-3a21dd3e8f0f_terseLabel_en-US" xlink:label="lab_lyg_EnergyAndWaterSupplyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy and water supply</link:label>
    <link:label id="lab_lyg_EnergyAndWaterSupplyMember_label_en-US" xlink:label="lab_lyg_EnergyAndWaterSupplyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy And Water Supply [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyAndWaterSupplyMember" xlink:href="lyg-20251231.xsd#lyg_EnergyAndWaterSupplyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyAndWaterSupplyMember" xlink:to="lab_lyg_EnergyAndWaterSupplyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_019c5283-d865-7d0a-97ae-401276b32718_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_019c5283-da11-73ce-bfce-819ad4a12c4e_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-20251231.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_019c5283-d8e9-76c1-96fa-326963b35c23_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:loc xlink:type="locator" xlink:label="loc_lyg_ExchangeRateContractsMember" xlink:href="lyg-20251231.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_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember_019c5283-d974-7112-9e8a-3f6c199a29a0_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance acquisition cash flows</link:label>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember_label_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimates of present value of insurance acquisition cash flows [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember" xlink:to="lab_ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_019c5283-da98-756c-b24e-b6c599e31dff_terseLabel_en-US" xlink:label="lab_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum exposure to loss from interests in structured entities</link:label>
    <link:label id="lab_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_label_en-US" xlink:label="lab_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum exposure to loss from interests in structured entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_019c5283-da12-754f-9db4-2eb2b91c6918_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through business combinations, deferred tax liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset"/>
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    <link:label id="lab_lyg_TotalAdjustmentsForOtherItems_019c5283-da11-74ec-b066-dbbb84503a92_totalLabel_en-US" xlink:label="lab_lyg_TotalAdjustmentsForOtherItems" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other items</link:label>
    <link:label id="lab_lyg_TotalAdjustmentsForOtherItems_label_en-US" xlink:label="lab_lyg_TotalAdjustmentsForOtherItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Adjustments For Other Items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalAdjustmentsForOtherItems" xlink:href="lyg-20251231.xsd#lyg_TotalAdjustmentsForOtherItems"/>
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    <link:label id="lab_lyg_OtherPublicSectorDebtSecuritiesMember_019c5283-da98-70da-981d-37a86e7443d0_terseLabel_en-US" xlink:label="lab_lyg_OtherPublicSectorDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other public sector securities</link:label>
    <link:label id="lab_lyg_OtherPublicSectorDebtSecuritiesMember_label_en-US" xlink:label="lab_lyg_OtherPublicSectorDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Public Sector Debt Securities [Member]</link:label>
    <link:label id="lab_lyg_OtherPublicSectorDebtSecuritiesMember_documentation_en-US" xlink:label="lab_lyg_OtherPublicSectorDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Public Sector Debt Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherPublicSectorDebtSecuritiesMember" xlink:href="lyg-20251231.xsd#lyg_OtherPublicSectorDebtSecuritiesMember"/>
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    <link:label id="lab_ifrs-full_InsuranceContractsDomain_019c5283-d865-7840-94d8-0e120a44f501_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- related contracts &#163;m</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsDomain_019c5283-d865-7f31-8dc1-cd52d4d3b4ed_verboseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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"/>
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    <link:label id="lab_lyg_EquityAttributableToOrdinaryShareholdersMember_019c5283-d974-7518-a4eb-cee35192843a_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-20251231.xsd#lyg_EquityAttributableToOrdinaryShareholdersMember"/>
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    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember_019c5283-da11-77d1-be3a-60c09298bf62_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Claims and other directly attributable expenses</link:label>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember_label_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimates of present value of future cash outflows other than insurance acquisition cash flows [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember" xlink:to="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities_019c5283-d865-7dce-9f85-68795ad39dbc_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in fair value measurement, liabilities</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities"/>
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    <link:label id="lab_lyg_RMS79Member_019c5283-da11-7b07-9d11-15dae7e91b89_terseLabel_en-US" xlink:label="lab_lyg_RMS79Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RMS 7&#8211;9</link:label>
    <link:label id="lab_lyg_RMS79Member_label_en-US" xlink:label="lab_lyg_RMS79Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS 7-9 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMS79Member" xlink:href="lyg-20251231.xsd#lyg_RMS79Member"/>
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    <link:label id="lab_lyg_EntitlementToDividendsAxis_019c5283-d8e9-74c3-871e-d6f7d1598cdf_terseLabel_en-US" xlink:label="lab_lyg_EntitlementToDividendsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entitlement to dividends [Axis]</link:label>
    <link:label id="lab_lyg_EntitlementToDividendsAxis_label_en-US" xlink:label="lab_lyg_EntitlementToDividendsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entitlement To Dividends [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EntitlementToDividendsAxis" xlink:href="lyg-20251231.xsd#lyg_EntitlementToDividendsAxis"/>
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    <link:label id="lab_lyg_LeadManagerBrokerQuoteOrConsensusPricingMember_019c5283-d865-7d80-85c0-a9d53150cf03_terseLabel_en-US" xlink:label="lab_lyg_LeadManagerBrokerQuoteOrConsensusPricingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lead manager or broker quote/consensus pricing</link:label>
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    <link:label id="lab_ifrs-full_OtherReserves_019c5283-da98-72a3-9bac-169515255f14_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other reserves at 31 December</link:label>
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    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackNonParticipatingInvestmentContracts_019c5283-d865-73ee-8073-03546111a9a9_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>
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    <link:label id="lab_lyg_UnderlyingBasisMember_019c5283-d974-7d9b-b52d-60efc3748e7a_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-20251231.xsd#lyg_UnderlyingBasisMember"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading" 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, other than those classified as held for trading</link:label>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_019c5283-d865-7547-84dc-e14b0f7a7dd9_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Number of options exercisable, end of period (in options)</link:label>
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    <link:label id="lab_lyg_LoansAndReceivablesMember_019c5283-d865-7c1c-a4dc-92e3db347001_terseLabel_en-US" xlink:label="lab_lyg_LoansAndReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and receivables</link:label>
    <link:label id="lab_lyg_LoansAndReceivablesMember_label_en-US" xlink:label="lab_lyg_LoansAndReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Receivables [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndReceivablesMember" xlink:href="lyg-20251231.xsd#lyg_LoansAndReceivablesMember"/>
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    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsOtherMember_019c5283-d8e9-7366-ab83-03e01b8861cc_terseLabel_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsOtherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsOtherMember_label_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance, Pensions and Investments - Other [Member]</link:label>
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    <link:label id="lab_ifrs-full_FinancialInstrumentsPurchasedOrOriginatedCreditimpairedMember_019c5283-d8e9-7f90-bd2d-eb30c786b58c_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsPurchasedOrOriginatedCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">POCI &#163;m</link:label>
    <link:label id="lab_ifrs-full_FinancialInstrumentsPurchasedOrOriginatedCreditimpairedMember_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsPurchasedOrOriginatedCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial instruments purchased or originated credit-impaired [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialInstrumentsPurchasedOrOriginatedCreditimpairedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialInstrumentsPurchasedOrOriginatedCreditimpairedMember"/>
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    <link:label id="lab_lyg_LifeExpectancyDomain_019c5283-da98-7c54-bde9-e86ac6ea5697_terseLabel_en-US" xlink:label="lab_lyg_LifeExpectancyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Life expectancy [Domain]</link:label>
    <link:label id="lab_lyg_LifeExpectancyDomain_label_en-US" xlink:label="lab_lyg_LifeExpectancyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LifeExpectancy [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LifeExpectancyDomain" xlink:href="lyg-20251231.xsd#lyg_LifeExpectancyDomain"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_019c5283-d865-7a41-b082-f39cbc4db31b_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_019c5283-d865-76ac-8cf9-89ea30ed5c23_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from (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>
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    <link:label id="lab_lyg_A8.5ConvertibleSecuritiesCallable2028Member_019c5283-d974-7c52-aaff-f635e771c815_terseLabel_en-US" xlink:label="lab_lyg_A8.5ConvertibleSecuritiesCallable2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">&#163;750 million 8.5% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2028</link:label>
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    <link:label id="lab_lyg_A8.5ConvertibleSecuritiesCallable2028Member_documentation_en-US" xlink:label="lab_lyg_A8.5ConvertibleSecuritiesCallable2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">8.5% Convertible Securities Callable 2028</link:label>
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    <link:label id="lab_ifrs-full_PreferenceSharesMember_019c5283-d8e9-7736-b728-51cbf5236d11_terseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference shares &#163;m</link:label>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_label_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreferenceSharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PreferenceSharesMember"/>
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    <link:label id="lab_ifrs-full_PlanAssetsAtFairValue_019c5283-d865-79e0-b438-40d02e84b8c6_totalLabel_en-US" xlink:label="lab_ifrs-full_PlanAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_PlanAssetsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_PlanAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan assets, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PlanAssetsAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PlanAssetsAtFairValue"/>
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    <link:label id="lab_ifrs-full_TreasuryShares_019c5283-d974-7c5e-bf5c-586d6395f20c_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>
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    <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_ifrs-full_ActuarialAssumptionsAxis_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumptions [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionsAxis"/>
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    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfAmountTimingAndUncertaintyOfFutureCashFlowsLineItems_documentation_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfAmountTimingAndUncertaintyOfFutureCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, timing and uncertainty of future cash flows [Line Items]</link:label>
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    <link:label id="lab_lyg_NetSettledDerivativesLiabilities_019c5283-d974-794a-a6e3-a82c947e1704_terseLabel_en-US" xlink:label="lab_lyg_NetSettledDerivativesLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net settled derivative liabilities</link:label>
    <link:label id="lab_lyg_NetSettledDerivativesLiabilities_label_en-US" xlink:label="lab_lyg_NetSettledDerivativesLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NetSettledDerivativesLiabilities</link:label>
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    <link:label id="lab_lyg_LiquidityRiskAbstract_019c5283-da98-711f-b7af-d13790e3feb6_terseLabel_en-US" xlink:label="lab_lyg_LiquidityRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity risk [Abstract]</link:label>
    <link:label id="lab_lyg_LiquidityRiskAbstract_label_en-US" xlink:label="lab_lyg_LiquidityRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity risk [Abstract]</link:label>
    <link:label id="lab_lyg_LiquidityRiskAbstract_documentation_en-US" xlink:label="lab_lyg_LiquidityRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity risk [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LiquidityRiskAbstract" xlink:href="lyg-20251231.xsd#lyg_LiquidityRiskAbstract"/>
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    <link:label id="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers_019c5283-d8e9-7a3d-9036-41fa95a5302d_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" 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_InterestIncomeOnLoansAndAdvancesToCustomers_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on loans and advances to customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers"/>
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    <link:label id="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits_019c5283-d974-7031-bf92-d79b98474620_terseLabel_en-US" xlink:label="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank balances at central banks other than mandatory reserve deposits</link:label>
    <link:label id="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits_label_en-US" xlink:label="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank balances at central banks other than mandatory reserve deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits"/>
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    <link:label id="lab_lyg_PercentageOfEntityGoodwill_019c5283-d974-7047-909e-ff601676518d_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfEntityGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of entity goodwill (in percent)</link:label>
    <link:label id="lab_lyg_PercentageOfEntityGoodwill_label_en-US" xlink:label="lab_lyg_PercentageOfEntityGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PercentageOfEntityGoodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfEntityGoodwill" xlink:href="lyg-20251231.xsd#lyg_PercentageOfEntityGoodwill"/>
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    <link:label id="lab_lyg_CreditAndDebitCardFeesMember_019c5283-d7c1-7690-810a-01aec4efd4e5_terseLabel_en-US" xlink:label="lab_lyg_CreditAndDebitCardFeesMember" 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_CreditAndDebitCardFeesMember_label_en-US" xlink:label="lab_lyg_CreditAndDebitCardFeesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit And Debit Card Fees [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditAndDebitCardFeesMember" xlink:href="lyg-20251231.xsd#lyg_CreditAndDebitCardFeesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditAndDebitCardFeesMember" xlink:to="lab_lyg_CreditAndDebitCardFeesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid_019c5283-da11-78b1-ab69-92ca9c000f33_terseLabel_en-US" xlink:label="lab_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance premiums paid</link:label>
    <link:label id="lab_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid_label_en-US" xlink:label="lab_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Net Defined Benefit Liability (Asset) Resulting From Insurance Premium Paid</link:label>
    <link:label id="lab_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid_documentation_en-US" xlink:label="lab_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease In Net Defined Benefit Liability (Asset) Resulting From Insurance Premium Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid" xlink:href="lyg-20251231.xsd#lyg_DecreaseInNetDefinedBenefitLiabilityAssetResultingFromInsurancePremiumPaid"/>
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    <link:label id="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax_019c5283-da98-7d63-8398-a18bbd192358_terseLabel_en-US" xlink:label="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount rates pre tax</link:label>
    <link:label id="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax_label_en-US" xlink:label="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Discount Rates Applied To Cash Flow Projections Pre Tax</link:label>
    <link:label id="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax_documentation_en-US" xlink:label="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Discount Rates Applied To Cash Flow Projections Pre Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax" xlink:href="lyg-20251231.xsd#lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPreTax"/>
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    <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"/>
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    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019c5283-da98-7372-9528-05871cf89c57_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_ifrs-full_InterestIncomeOnDebtInstrumentsHeld_019c5283-d974-79ed-b441-8b442822fa33_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnDebtInstrumentsHeld" 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_InterestIncomeOnDebtInstrumentsHeld_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on debt instruments held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnDebtInstrumentsHeld" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnDebtInstrumentsHeld"/>
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    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansLineItems_019c5283-d8e9-7212-9dc1-54639158ecb7_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_TypesOfHedgesDomain_019c5283-d7c1-7e47-8c44-d3b6e12b342d_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_lyg_Stage1Member_019c5283-da98-7c46-8474-8da20dbc133d_terseLabel_en-US" xlink:label="lab_lyg_Stage1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 1 &#163;m</link:label>
    <link:label id="lab_lyg_Stage1Member_label_en-US" xlink:label="lab_lyg_Stage1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 1 [Member]</link:label>
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    <link:label id="lab_ifrs-full_BottomOfRangeMember_019c5283-d865-7494-b350-d5c043750d27_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">Bottom of range</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_CancaraMember_019c5283-da11-7f51-950c-cf6d01da61e9_terseLabel_en-US" xlink:label="lab_lyg_CancaraMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cancara</link:label>
    <link:label id="lab_lyg_CancaraMember_label_en-US" xlink:label="lab_lyg_CancaraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cancara [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CancaraMember" xlink:href="lyg-20251231.xsd#lyg_CancaraMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CancaraMember" xlink:to="lab_lyg_CancaraMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_019c5283-d865-7ddf-b7cc-31c7f2077139_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of related parties [Axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NegativeInterestRatesMember_019c5283-d974-7a4b-8c85-98ba2fd8ec86_terseLabel_en-US" xlink:label="lab_lyg_NegativeInterestRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Negative interest rates</link:label>
    <link:label id="lab_lyg_NegativeInterestRatesMember_label_en-US" xlink:label="lab_lyg_NegativeInterestRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Negative Interest Rates [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NegativeInterestRatesMember" xlink:href="lyg-20251231.xsd#lyg_NegativeInterestRatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NegativeInterestRatesMember" xlink:to="lab_lyg_NegativeInterestRatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ClassesOfCommitmentsAxis_019c5283-d8e9-7195-b25c-0012d5136f59_terseLabel_en-US" xlink:label="lab_lyg_ClassesOfCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of commitments [Axis]</link:label>
    <link:label id="lab_lyg_ClassesOfCommitmentsAxis_label_en-US" xlink:label="lab_lyg_ClassesOfCommitmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes Of Commitments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ClassesOfCommitmentsAxis" xlink:href="lyg-20251231.xsd#lyg_ClassesOfCommitmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ClassesOfCommitmentsAxis" xlink:to="lab_lyg_ClassesOfCommitmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_019c5283-da12-75e8-ab16-23bf3edc4320_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 year</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_019c5283-da12-7cda-a934-3736d8865b92_netLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Profit for the year</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_lyg_DisclosureOfIssuedCapitalAbstract_019c5283-d7c1-713e-bb48-f53d2ccb4ba4_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfIssuedCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of issued capital [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfIssuedCapitalAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfIssuedCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of issued capital [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfIssuedCapitalAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfIssuedCapitalAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfIssuedCapitalAbstract" xlink:to="lab_lyg_DisclosureOfIssuedCapitalAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_019c5283-d865-7f5f-bd9e-85954d2e36c8_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">Other comprehensive income, net of tax, cash flow hedges</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_019c5283-d865-76f1-8ae5-8af6407c364f_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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_IncreaseDecreaseInInsuranceContractsLiabilityAsset_019c5283-da12-7980-b937-0d0f04bd75ee_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in insurance contracts liability (asset)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain_019c5283-da98-7a0a-a3c2-014a090151a3_terseLabel_en-US" xlink:label="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of reasonably possible alternative assumptions [Domain]</link:label>
    <link:label id="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain_label_en-US" xlink:label="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EffectOfReasonablyPossibleAlternativeAssumptions [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain" xlink:href="lyg-20251231.xsd#lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain" xlink:to="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SaveAsYouEarnMember_019c5283-d8e9-75be-bc1d-dfd1f534cb08_terseLabel_en-US" xlink:label="lab_lyg_SaveAsYouEarnMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SAYE</link:label>
    <link:label id="lab_lyg_SaveAsYouEarnMember_label_en-US" xlink:label="lab_lyg_SaveAsYouEarnMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Save As You Earn [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SaveAsYouEarnMember" xlink:href="lyg-20251231.xsd#lyg_SaveAsYouEarnMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SaveAsYouEarnMember" xlink:to="lab_lyg_SaveAsYouEarnMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems_019c5283-d8e9-752c-b7c3-ebfde4d0b941_terseLabel_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items]</link:label>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems_label_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems" xlink:href="lyg-20251231.xsd#lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems" xlink:to="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GrossAndLeaseFinancingMember_019c5283-da98-7587-811e-756a27b76950_terseLabel_en-US" xlink:label="lab_lyg_GrossAndLeaseFinancingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease financing</link:label>
    <link:label id="lab_lyg_GrossAndLeaseFinancingMember_label_en-US" xlink:label="lab_lyg_GrossAndLeaseFinancingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross And Lease Financing [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GrossAndLeaseFinancingMember" xlink:href="lyg-20251231.xsd#lyg_GrossAndLeaseFinancingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GrossAndLeaseFinancingMember" xlink:to="lab_lyg_GrossAndLeaseFinancingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalInterestIncomeAbstract_019c5283-d974-7a0d-874e-6fe3c06b19b5_terseLabel_en-US" xlink:label="lab_lyg_TotalInterestIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income:</link:label>
    <link:label id="lab_lyg_TotalInterestIncomeAbstract_label_en-US" xlink:label="lab_lyg_TotalInterestIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Interest Income [Abstract]</link:label>
    <link:label id="lab_lyg_TotalInterestIncomeAbstract_documentation_en-US" xlink:label="lab_lyg_TotalInterestIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Interest Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalInterestIncomeAbstract" xlink:href="lyg-20251231.xsd#lyg_TotalInterestIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalInterestIncomeAbstract" xlink:to="lab_lyg_TotalInterestIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentAccountsMember_019c5283-d8e9-7cb9-98f2-dd0f5b2ba382_terseLabel_en-US" xlink:label="lab_lyg_CurrentAccountsMember" 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_CurrentAccountsMember_label_en-US" xlink:label="lab_lyg_CurrentAccountsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Accounts [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentAccountsMember" xlink:href="lyg-20251231.xsd#lyg_CurrentAccountsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentAccountsMember" xlink:to="lab_lyg_CurrentAccountsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentRegistrationStatement_019c5283-da11-7a61-9c03-f501bb02ea8b_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document registration statement</link:label>
    <link:label id="lab_dei_DocumentRegistrationStatement_label_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentRegistrationStatement" xlink:to="lab_dei_DocumentRegistrationStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsMember_019c5283-d865-7fe6-9ca7-df48534f1b4c_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_019c5283-d865-78af-b9b2-8b0e932384fd_terseLabel_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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:loc xlink:type="locator" xlink:label="loc_lyg_InsurancePensionsAndInvestmentsMember" xlink:href="lyg-20251231.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_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_019c5283-d865-79f1-bb91-0b9d21f949d1_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_DepreciationRightofuseAssets_019c5283-da98-77a0-bc15-9d9cefe76149_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Depreciation charge for the year</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationRightofuseAssets" xlink:to="lab_ifrs-full_DepreciationRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfHousePriceGrowth_019c5283-da98-762a-b348-c1910076756c_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">KeyAssumptionOfHousePriceGrowth</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">KeyAssumptionOfHousePriceGrowth</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfHousePriceGrowth" xlink:href="lyg-20251231.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_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable_019c5283-d865-743c-8dd8-17a127142107_terseLabel_en-US" xlink:label="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Details) - Schedule of Offsetting of Financial Assets and Liabilities [Table]</link:label>
    <link:label id="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable_label_en-US" xlink:label="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Details) - Schedule of Offsetting of Financial Assets and Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable" xlink:href="lyg-20251231.xsd#lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable" xlink:to="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleofOffsettingofFinancialAssetsandLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PhysicalRiskMember_019c5283-da11-7e1e-9962-c84e679faca6_terseLabel_en-US" xlink:label="lab_lyg_PhysicalRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Physical risk</link:label>
    <link:label id="lab_lyg_PhysicalRiskMember_label_en-US" xlink:label="lab_lyg_PhysicalRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Physical Risk [Member]</link:label>
    <link:label id="lab_lyg_PhysicalRiskMember_documentation_en-US" xlink:label="lab_lyg_PhysicalRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Physical Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PhysicalRiskMember" xlink:href="lyg-20251231.xsd#lyg_PhysicalRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PhysicalRiskMember" xlink:to="lab_lyg_PhysicalRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract_019c5283-d975-701d-8abf-450c98f02981_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Relating to future services</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAssetAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMS1113Member_019c5283-da98-7dc1-a66f-d7b595d7b909_terseLabel_en-US" xlink:label="lab_lyg_RMS1113Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RMS 11&#8211;13</link:label>
    <link:label id="lab_lyg_RMS1113Member_label_en-US" xlink:label="lab_lyg_RMS1113Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS 11-13 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMS1113Member" xlink:href="lyg-20251231.xsd#lyg_RMS1113Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMS1113Member" xlink:to="lab_lyg_RMS1113Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets_019c5283-da11-7310-9017-d1ac8af3278c_negatedTotalLabel_en-US" xlink:label="lab_lyg_InsuranceContractsIssuedThatAreLiabilitiesNetOfInsuranceAcquisitionAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Net liabilities</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-20251231.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_lyg_OtherNoncashItems_019c5283-da11-7065-a171-6858c8877adc_terseLabel_en-US" xlink:label="lab_lyg_OtherNoncashItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other non-cash items</link:label>
    <link:label id="lab_lyg_OtherNoncashItems_label_en-US" xlink:label="lab_lyg_OtherNoncashItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Items</link:label>
    <link:label id="lab_lyg_OtherNoncashItems_documentation_en-US" xlink:label="lab_lyg_OtherNoncashItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherNoncashItems" xlink:href="lyg-20251231.xsd#lyg_OtherNoncashItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherNoncashItems" xlink:to="lab_lyg_OtherNoncashItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfContingentLiabilitiesTable_019c5283-da11-7d43-93d7-dd6a9d0b58f8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of contingent liabilities [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfContingentLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of contingent liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:to="lab_ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_019c5283-da98-778d-87d7-f4cdcf31fc16_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_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading_019c5283-d974-70c6-bc94-5171ec99f9d2_totalLabel_en-US" xlink:label="lab_lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net gains (losses) on financial assets and liabilities at fair value through profit or loss</link:label>
    <link:label id="lab_lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading_label_en-US" xlink:label="lab_lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Gain Loss On Assets And Liabilities At Fair Value Through Profit Or Loss And Trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading" xlink:href="lyg-20251231.xsd#lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading" xlink:to="lab_lyg_NetGainLossOnAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAndTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_019c5283-d7c1-7ed2-856e-90717098e33d_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems_019c5283-d975-77d6-a203-e99602c9cd70_terseLabel_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases [Line Items]</link:label>
    <link:label id="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems_label_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems" xlink:href="lyg-20251231.xsd#lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems" xlink:to="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofFutureMinimumRentalsReceivableunderNonCancellableOperatingLeasesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable_019c5283-da12-7606-944a-8503788c76f4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:to="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncomeAbstract_019c5283-da98-7436-9219-9c161a389a9e_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_ifrs-full_AnalysisOfIncomeAndExpenseAbstract_019c5283-da98-7406-bf48-c19aaccab38d_terseLabel_en-US" xlink:label="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Analysis of income and expense [abstract]</link:label>
    <link:label id="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract_label_en-US" xlink:label="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Analysis of income and expense [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AnalysisOfIncomeAndExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:to="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_BusinessContactMember_019c5283-d8e9-71c8-9285-c3c09fe1a336_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business contact</link:label>
    <link:label id="lab_dei_BusinessContactMember_label_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Contact [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_BusinessContactMember" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_BusinessContactMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_BusinessContactMember" xlink:to="lab_dei_BusinessContactMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LongtermAssuranceBusinessAdjustmentMember_019c5283-d974-72c3-8805-f166865b1f4a_terseLabel_en-US" xlink:label="lab_lyg_LongtermAssuranceBusinessAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term assurance business &#163;m</link:label>
    <link:label id="lab_lyg_LongtermAssuranceBusinessAdjustmentMember_label_en-US" xlink:label="lab_lyg_LongtermAssuranceBusinessAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Longterm Assurance Business Adjustment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LongtermAssuranceBusinessAdjustmentMember" xlink:href="lyg-20251231.xsd#lyg_LongtermAssuranceBusinessAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LongtermAssuranceBusinessAdjustmentMember" xlink:to="lab_lyg_LongtermAssuranceBusinessAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_Performance2021Member_019c5283-da98-7294-8601-f3c35ac89cd0_terseLabel_en-US" xlink:label="lab_lyg_Performance2021Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance 2021</link:label>
    <link:label id="lab_lyg_Performance2021Member_label_en-US" xlink:label="lab_lyg_Performance2021Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance 2021 [Member]</link:label>
    <link:label id="lab_lyg_Performance2021Member_documentation_en-US" xlink:label="lab_lyg_Performance2021Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance 2019</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Performance2021Member" xlink:href="lyg-20251231.xsd#lyg_Performance2021Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Performance2021Member" xlink:to="lab_lyg_Performance2021Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesAbstract_019c5283-d8e9-74ff-8f35-b32a4c76d3b7_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_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember_019c5283-d865-7cf4-a992-238e0b3c83cb_verboseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Contracts under the modified retrospective approach</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember_label_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual service margin related to contracts that existed at transition date to which modified retrospective approach has been applied [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember" xlink:to="lab_ifrs-full_ContractualServiceMarginRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachHasBeenAppliedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract_019c5283-d865-7e7f-a15f-64401c298631_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" xlink:to="lab_lyg_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CarryingAmountMember_019c5283-d865-79d3-8da4-54c5e21443fe_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">Carrying amount [member]</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_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets_019c5283-d8e9-7f7c-9f88-316f78627cc3_terseLabel_en-US" xlink:label="lab_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money market instruments, cash, derivatives and other assets and liabilities</link:label>
    <link:label id="lab_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets (Liabilities) Amount Contributed To Fair Value Of Plan Assets</link:label>
    <link:label id="lab_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets_documentation_en-US" xlink:label="lab_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Assets (Liabilities) Amount Contributed To Fair Value Of Plan Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets" xlink:href="lyg-20251231.xsd#lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets" xlink:to="lab_lyg_OtherAssetsLiabilitiesAmountContributedToFairValueOfPlanAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement_019c5283-d974-7f04-aa4e-b28d930befd2_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Charge) credit to the income statement</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets Credited (Charged) Directly To Income Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement" xlink:to="lab_lyg_DeferredTaxAssetsCreditedChargedDirectlyToIncomeStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RateVariableAxis_019c5283-d8e9-7a1e-a649-69edd315192a_terseLabel_en-US" xlink:label="lab_lyg_RateVariableAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable rate [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-20251231.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_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_019c5283-d974-7336-a7b1-2a1b349d4256_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, expired (in GBP per option)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options expired in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GroupChiefExecutiveBuyoutMember_019c5283-d865-7bb1-b886-a54fedb53786_terseLabel_en-US" xlink:label="lab_lyg_GroupChiefExecutiveBuyoutMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Group Chief Executive Buyout</link:label>
    <link:label id="lab_lyg_GroupChiefExecutiveBuyoutMember_label_en-US" xlink:label="lab_lyg_GroupChiefExecutiveBuyoutMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Group Chief Executive Buyout [Member]</link:label>
    <link:label id="lab_lyg_GroupChiefExecutiveBuyoutMember_documentation_en-US" xlink:label="lab_lyg_GroupChiefExecutiveBuyoutMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Group Chief Executive Buyout</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GroupChiefExecutiveBuyoutMember" xlink:href="lyg-20251231.xsd#lyg_GroupChiefExecutiveBuyoutMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GroupChiefExecutiveBuyoutMember" xlink:to="lab_lyg_GroupChiefExecutiveBuyoutMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_HedgedItemLiabilities_019c5283-d8e9-78c3-a41e-fc3a5d1742ed_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgedItemLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount of the hedged item, liabilities</link:label>
    <link:label id="lab_ifrs-full_HedgedItemLiabilities_label_en-US" xlink:label="lab_ifrs-full_HedgedItemLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedged item, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgedItemLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgedItemLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgedItemLiabilities" xlink:to="lab_ifrs-full_HedgedItemLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedThatAreLiabilities_019c5283-d974-7037-9dd4-b84a5f524210_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_dei_SecurityExchangeName_019c5283-d8e9-76e3-b8b4-38cf836bfc35_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security exchange name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans_019c5283-da98-76b0-837a-9058681a5b79_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charge for the year</link:label>
    <link:label id="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current service cost, defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentServiceCostDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:to="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsByComponentsAxis_019c5283-da98-73d2-a3d1-de91027d7bf9_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_lyg_RetailFinancialAssetsMember_019c5283-da12-7f31-9272-21a9ed6473e7_terseLabel_en-US" xlink:label="lab_lyg_RetailFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Retail</link:label>
    <link:label id="lab_lyg_RetailFinancialAssetsMember_label_en-US" xlink:label="lab_lyg_RetailFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail Financial Assets [Member]</link:label>
    <link:label id="lab_lyg_RetailFinancialAssetsMember_documentation_en-US" xlink:label="lab_lyg_RetailFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailFinancialAssetsMember" xlink:href="lyg-20251231.xsd#lyg_RetailFinancialAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RetailFinancialAssetsMember" xlink:to="lab_lyg_RetailFinancialAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExtensionOfModelledLifetimeOnRetailRevolvingProductsMember_019c5283-d865-78b3-b621-538a62278c91_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-20251231.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_HPI10ppIncreaseMember_019c5283-d974-7559-a233-c11c0a037656_terseLabel_en-US" xlink:label="lab_lyg_HPI10ppIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10pp increase in HPI &#163;m</link:label>
    <link:label id="lab_lyg_HPI10ppIncreaseMember_label_en-US" xlink:label="lab_lyg_HPI10ppIncreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HP I10pp Increase [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HPI10ppIncreaseMember" xlink:href="lyg-20251231.xsd#lyg_HPI10ppIncreaseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HPI10ppIncreaseMember" xlink:to="lab_lyg_HPI10ppIncreaseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2And3OfFairValueHierarchyMember_019c5283-d8e9-72b5-a95d-df87c14e58fc_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unquoted &#163;m</link:label>
    <link:label id="lab_ifrs-full_Level2And3OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 and 3 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2And3OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract_019c5283-d865-7586-b703-a5abd929cf67_terseLabel_en-US" xlink:label="lab_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract" 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_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract_label_en-US" xlink:label="lab_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Gains on Financial Assets and Liabilities at Fair Value Through Profit or Loss [Abstract]</link:label>
    <link:label id="lab_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract_documentation_en-US" xlink:label="lab_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Gains on Financial Assets and Liabilities at Fair Value Through Profit or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:href="lyg-20251231.xsd#lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:to="lab_lyg_NetGainsOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements_019c5283-da98-7d2d-be07-ca927d00e03f_terseLabel_en-US" xlink:label="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer deposits</link:label>
    <link:label id="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements_label_en-US" xlink:label="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits From Customers And Repurchase Agreements</link:label>
    <link:label id="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements_documentation_en-US" xlink:label="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits From Customers And Repurchase Agreements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DepositsFromCustomersAndRepurchaseAgreements" xlink:href="lyg-20251231.xsd#lyg_DepositsFromCustomersAndRepurchaseAgreements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DepositsFromCustomersAndRepurchaseAgreements" xlink:to="lab_lyg_DepositsFromCustomersAndRepurchaseAgreements" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SecuritisationVehiclesMember_019c5283-da98-7ffd-a42f-3e202ae3d978_terseLabel_en-US" xlink:label="lab_ifrs-full_SecuritisationVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitisation vehicles</link:label>
    <link:label id="lab_ifrs-full_SecuritisationVehiclesMember_label_en-US" xlink:label="lab_ifrs-full_SecuritisationVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitisation vehicles [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SecuritisationVehiclesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SecuritisationVehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SecuritisationVehiclesMember" xlink:to="lab_ifrs-full_SecuritisationVehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems_019c5283-d7c1-77f0-bcbd-e7491385de32_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract_019c5283-da98-7d3e-9e42-aaaf62aec0d3_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of other operating income (expense) [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other operating income (expense) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:to="lab_lyg_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member_019c5283-da12-7e18-8062-b2bcfc8c5a08_terseLabel_en-US" xlink:label="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">&#163;&#163;500 million 5.125% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2024</link:label>
    <link:label id="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member_label_en-US" xlink:label="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">5.125% Convertible Securities Callable 2024 [Member]</link:label>
    <link:label id="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member_documentation_en-US" xlink:label="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">5.125% Convertible Securities Callable 2024</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A5.125ConvertibleSecuritiesCallable2024Member" xlink:href="lyg-20251231.xsd#lyg_A5.125ConvertibleSecuritiesCallable2024Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A5.125ConvertibleSecuritiesCallable2024Member" xlink:to="lab_lyg_A5.125ConvertibleSecuritiesCallable2024Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeInstrumentRisk1Axis_019c5283-d865-7294-84ae-c02093cfdd65_terseLabel_en-US" xlink:label="lab_lyg_DerivativeInstrumentRisk1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative instrument risk [Axis]</link:label>
    <link:label id="lab_lyg_DerivativeInstrumentRisk1Axis_label_en-US" xlink:label="lab_lyg_DerivativeInstrumentRisk1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instrument Risk1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeInstrumentRisk1Axis" xlink:href="lyg-20251231.xsd#lyg_DerivativeInstrumentRisk1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeInstrumentRisk1Axis" xlink:to="lab_lyg_DerivativeInstrumentRisk1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019c5283-da98-7c8c-9088-ec9f566e1d21_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">Level 3 financial assets carried at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019c5283-da98-77f7-b14d-f2b87ee86520_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Level 3 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_TypeOfDisclosureAxis_019c5283-d8e9-7df8-979e-2c71f2c15284_terseLabel_en-US" xlink:label="lab_lyg_TypeOfDisclosureAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of disclosure [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfDisclosureAxis_label_en-US" xlink:label="lab_lyg_TypeOfDisclosureAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Disclosure [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfDisclosureAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfDisclosureAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfDisclosureAxis" xlink:to="lab_lyg_TypeOfDisclosureAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeMember_019c5283-d865-708e-97f6-62d335456980_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_dei_SecurityReportingObligation_019c5283-d865-764b-8f80-06f8cb0f261f_terseLabel_en-US" xlink:label="lab_dei_SecurityReportingObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security reporting obligation</link:label>
    <link:label id="lab_dei_SecurityReportingObligation_label_en-US" xlink:label="lab_dei_SecurityReportingObligation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Reporting Obligation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityReportingObligation" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityReportingObligation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityReportingObligation" xlink:to="lab_dei_SecurityReportingObligation" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IntersegmentIncome_019c5283-d865-77a2-ac77-abbcd04b0efc_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">IntersegmentIncome</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IntersegmentIncome" xlink:href="lyg-20251231.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_DebtInstrumentTerm1_019c5283-d865-7f38-bccf-4bf4c96ab4de_terseLabel_en-US" xlink:label="lab_lyg_DebtInstrumentTerm1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument term</link:label>
    <link:label id="lab_lyg_DebtInstrumentTerm1_label_en-US" xlink:label="lab_lyg_DebtInstrumentTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Term1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DebtInstrumentTerm1" xlink:href="lyg-20251231.xsd#lyg_DebtInstrumentTerm1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DebtInstrumentTerm1" xlink:to="lab_lyg_DebtInstrumentTerm1" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CapitalRiskAbstract_019c5283-d974-758f-96d8-2615ff475bce_terseLabel_en-US" xlink:label="lab_lyg_CapitalRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital risk [Abstract]</link:label>
    <link:label id="lab_lyg_CapitalRiskAbstract_label_en-US" xlink:label="lab_lyg_CapitalRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital risk [Abstract]</link:label>
    <link:label id="lab_lyg_CapitalRiskAbstract_documentation_en-US" xlink:label="lab_lyg_CapitalRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital risk [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CapitalRiskAbstract" xlink:href="lyg-20251231.xsd#lyg_CapitalRiskAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CapitalRiskAbstract" xlink:to="lab_lyg_CapitalRiskAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExternalIncome_019c5283-da11-732f-9ec5-049995459ae9_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">ExternalIncome</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">The income earned from outside the Group i.e. before intragroup commissions / allocations etc.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExternalIncome" xlink:href="lyg-20251231.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_CurrentServiceCostNetDefinedBenefitLiabilityAsset_019c5283-d865-713e-8a0c-e6ec38a28071_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Charge for the year</link:label>
    <link:label id="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase in net defined benefit liability (asset) resulting from current service cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_019c5283-da98-752e-8b7d-01591c80d044_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from financing activities [Axis]</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities arising from financing activities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities_019c5283-da98-7d2c-9485-c479bcf1f39c_terseLabel_en-US" xlink:label="lab_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining contractual undiscounted cash outflows (inflows) that arise from contracts within scope of IFRS 17 that are liabilities</link:label>
    <link:label id="lab_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities_label_en-US" xlink:label="lab_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remaining contractual undiscounted cash outflows (inflows) that arise from contracts within scope of IFRS 17 that are liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities" xlink:to="lab_ifrs-full_RemainingContractualUndiscountedCashOutflowsInflowsThatAriseFromContractsWithinScopeOfIFRS17ThatAreLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain_019c5283-da11-79df-a7e7-cb20d94e2003_terseLabel_en-US" xlink:label="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation Allowance By Deferred Tax Asset [Domain]</link:label>
    <link:label id="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain_label_en-US" xlink:label="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowance By Deferred Tax Asset [Domain]</link:label>
    <link:label id="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain_documentation_en-US" xlink:label="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Valuation Allowance By Deferred Tax Asset [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ValuationAllowanceByDeferredTaxAssetDomain" xlink:href="lyg-20251231.xsd#lyg_ValuationAllowanceByDeferredTaxAssetDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ValuationAllowanceByDeferredTaxAssetDomain" xlink:to="lab_lyg_ValuationAllowanceByDeferredTaxAssetDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_019c5283-da98-7fe8-a1d5-df25a22861f7_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_019c5283-da98-7594-96d2-2c0816290185_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">Operating costs</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_019c5283-da98-733b-9055-c73d1dbe2914_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_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_019c5283-d8e9-75ff-97b5-0aad26ceb537_terseLabel_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, intangible assets other than goodwill</link:label>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable_019c5283-da98-7203-b599-b6720cd2e5f0_terseLabel_en-US" xlink:label="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TRANSFERS OF FINANCIAL ASSETS (Details) - Schedule of Transfered Assets and Liabilities [Table]</link:label>
    <link:label id="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable_label_en-US" xlink:label="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TRANSFERS OF FINANCIAL ASSETS (Details) - Schedule of Transferred Assets and Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable" xlink:href="lyg-20251231.xsd#lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable" xlink:to="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProfitLossOtherEquityInstruments_019c5283-da11-75bf-b352-d53b1a9ae569_terseLabel_en-US" xlink:label="lab_lyg_ProfitLossOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit for the year attributable to other equity holders</link:label>
    <link:label id="lab_lyg_ProfitLossOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_ProfitLossOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (Loss), Other Equity Instruments</link:label>
    <link:label id="lab_lyg_ProfitLossOtherEquityInstruments_documentation_en-US" xlink:label="lab_lyg_ProfitLossOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit (Loss), Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProfitLossOtherEquityInstruments" xlink:href="lyg-20251231.xsd#lyg_ProfitLossOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProfitLossOtherEquityInstruments" xlink:to="lab_lyg_ProfitLossOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfPooledInvestmentVehicleDomain_019c5283-da11-749c-a463-6ebf24abb0e8_terseLabel_en-US" xlink:label="lab_lyg_TypeOfPooledInvestmentVehicleDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of pooled investment vehicle [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfPooledInvestmentVehicleDomain_label_en-US" xlink:label="lab_lyg_TypeOfPooledInvestmentVehicleDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfPooledInvestmentVehicle [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfPooledInvestmentVehicleDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfPooledInvestmentVehicleDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfPooledInvestmentVehicleDomain" xlink:to="lab_lyg_TypeOfPooledInvestmentVehicleDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_019c5283-d8e9-7173-ac16-6421a25af818_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Number of share options, exercised (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_019c5283-d8e9-7aa2-8a0a-2e9ff59a7e07_negatedNetLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="resource" xml:lang="en-US">Exercised (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_019c5283-d8e9-790d-9aad-f4445bfbbd8e_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vested (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedThatAreAssets_019c5283-da98-79df-9e03-f5e5f7aa3dca_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedThatAreAssets" 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_InsuranceContractsIssuedThatAreAssets_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts issued that are assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsIssuedThatAreAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsIssuedThatAreAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsIssuedThatAreAssets" xlink:to="lab_ifrs-full_InsuranceContractsIssuedThatAreAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_019c5283-d8e9-7fa2-8408-3059550de291_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_PensionAssetsMember_019c5283-da11-72a7-90e3-4b20a37e3784_terseLabel_en-US" xlink:label="lab_lyg_PensionAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension assets &#163;m</link:label>
    <link:label id="lab_lyg_PensionAssetsMember_label_en-US" xlink:label="lab_lyg_PensionAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension Assets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PensionAssetsMember" xlink:href="lyg-20251231.xsd#lyg_PensionAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PensionAssetsMember" xlink:to="lab_lyg_PensionAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EquityFund1Member_019c5283-da11-749d-9911-862cba64c4ed_terseLabel_en-US" xlink:label="lab_lyg_EquityFund1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity funds</link:label>
    <link:label id="lab_lyg_EquityFund1Member_label_en-US" xlink:label="lab_lyg_EquityFund1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Fund1 [Member]</link:label>
    <link:label id="lab_lyg_EquityFund1Member_documentation_en-US" xlink:label="lab_lyg_EquityFund1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Fund1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquityFund1Member" xlink:href="lyg-20251231.xsd#lyg_EquityFund1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquityFund1Member" xlink:to="lab_lyg_EquityFund1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_019c5283-d974-7404-88f4-a908500af0f3_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity addresses, address type [Axis]</link:label>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_label_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressesAddressTypeAxis" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressesAddressTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressesAddressTypeAxis" xlink:to="lab_dei_EntityAddressesAddressTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_019c5283-d865-76de-89ce-96e4c9f84ef6_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>
    <link:label id="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:href="lyg-20251231.xsd#lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019c5283-d865-754b-80f9-d2f2b3666cbf_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019c5283-d865-7767-aba2-fe5b3fbe7e7d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019c5283-d865-791f-9a3f-b9e932248923_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment:</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherEquityInterest_019c5283-d865-7c2d-817c-5e9e84efb17a_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_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems_019c5283-d8e9-7d5d-91b4-d9872f0a58f2_terseLabel_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment [Line Items]</link:label>
    <link:label id="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems_label_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems" xlink:href="lyg-20251231.xsd#lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems" xlink:to="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleofPropertyPlantandEquipmentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset_019c5283-da98-7b2d-8902-7fabfc501ecf_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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_019c5283-da98-7a53-a3dd-c57efef3d673_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Relating to past services</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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset"/>
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    <link:label id="lab_lyg_TaxLossesMember_019c5283-da11-7f20-8d22-8daeea388195_terseLabel_en-US" xlink:label="lab_lyg_TaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax losses &#163;m</link:label>
    <link:label id="lab_lyg_TaxLossesMember_label_en-US" xlink:label="lab_lyg_TaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Losses [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxLossesMember" xlink:href="lyg-20251231.xsd#lyg_TaxLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxLossesMember" xlink:to="lab_lyg_TaxLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FullyLoadedCommonEquityTier1Ratio_019c5283-d865-7557-8740-92ed7c093998_terseLabel_en-US" xlink:label="lab_lyg_FullyLoadedCommonEquityTier1Ratio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fully loaded common equity Tier 1 ratio (in percent)</link:label>
    <link:label id="lab_lyg_FullyLoadedCommonEquityTier1Ratio_label_en-US" xlink:label="lab_lyg_FullyLoadedCommonEquityTier1Ratio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fully Loaded Common Equity Tier 1 Ratio</link:label>
    <link:label id="lab_lyg_FullyLoadedCommonEquityTier1Ratio_documentation_en-US" xlink:label="lab_lyg_FullyLoadedCommonEquityTier1Ratio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fully Loaded Common Equity Tier 1 Ratio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FullyLoadedCommonEquityTier1Ratio" xlink:href="lyg-20251231.xsd#lyg_FullyLoadedCommonEquityTier1Ratio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FullyLoadedCommonEquityTier1Ratio" xlink:to="lab_lyg_FullyLoadedCommonEquityTier1Ratio" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialAssetsLineItems_019c5283-da98-7ac0-bd25-e9c3d3cfc0fa_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialAssetsLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialAssetsLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialAssetsLineItems"/>
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    <link:label id="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_019c5283-d8e9-71f0-86bc-99e6ae54fb40_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Duration of the defined benefit obligation</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average duration of defined benefit obligation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019"/>
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    <link:label id="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember_019c5283-d974-7140-95cf-b81099bc250d_terseLabel_en-US" xlink:label="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate and Institutional Banking</link:label>
    <link:label id="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember_label_en-US" xlink:label="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Banking - Corporate and Institutional Banking [Member]</link:label>
    <link:label id="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember_documentation_en-US" xlink:label="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commercial Banking - Corporate and Institutional Banking</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingCorporateAndInstitutionalBankingMember" xlink:href="lyg-20251231.xsd#lyg_CommercialBankingCorporateAndInstitutionalBankingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialBankingCorporateAndInstitutionalBankingMember" xlink:to="lab_lyg_CommercialBankingCorporateAndInstitutionalBankingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssets_019c5283-da11-775b-9051-abfe800c2172_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_019c5283-da11-758a-bd3d-a81e6559c3ca_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total 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_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_019c5283-d865-743e-8d13-34371fb9a2a0_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" 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_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" 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, net of tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_019c5283-da11-7a30-9ffc-b22da50d637b_verboseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Quoted &#163;m</link:label>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_019c5283-da11-756d-abc3-05f882c3be30_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 &#163;m</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_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_019c5283-d8e9-7d9f-be52-95b1b54d8b20_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of options, granted (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_019c5283-d8e9-7cbe-a64e-4571c6367c96_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Granted (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup_019c5283-d974-78b0-89e4-12cbcdc3d389_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents held by entity unavailable for use by group</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents held by entity unavailable for use by group</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup"/>
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    <link:label id="lab_lyg_CreditSpreadsMember_019c5283-da98-7252-b57a-1dc672a27a93_terseLabel_en-US" xlink:label="lab_lyg_CreditSpreadsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit spreads</link:label>
    <link:label id="lab_lyg_CreditSpreadsMember_label_en-US" xlink:label="lab_lyg_CreditSpreadsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Spreads [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditSpreadsMember" xlink:href="lyg-20251231.xsd#lyg_CreditSpreadsMember"/>
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    <link:label id="lab_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions_019c5283-d865-74a6-a293-b552e368303a_terseLabel_en-US" xlink:label="lab_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments related to guarantees made by entity</link:label>
    <link:label id="lab_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions_label_en-US" xlink:label="lab_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments Related To Guarantees Made By Entity, Related Party Transactions</link:label>
    <link:label id="lab_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions_documentation_en-US" xlink:label="lab_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments Related To Guarantees Made By Entity, Related Party Transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions" xlink:href="lyg-20251231.xsd#lyg_PaymentsRelatedToGuaranteesMadeByEntityRelatedPartyTransactions"/>
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    <link:label id="lab_lyg_UKCorporationTaxMember_019c5283-da11-7840-8c97-d2088333afb2_terseLabel_en-US" xlink:label="lab_lyg_UKCorporationTaxMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK corporation tax:</link:label>
    <link:label id="lab_lyg_UKCorporationTaxMember_label_en-US" xlink:label="lab_lyg_UKCorporationTaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UK Corporation Tax [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UKCorporationTaxMember" xlink:href="lyg-20251231.xsd#lyg_UKCorporationTaxMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UKCorporationTaxMember" xlink:to="lab_lyg_UKCorporationTaxMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AmountChangeAxis_019c5283-d7c1-71bc-9617-b08efdbcb3c1_terseLabel_en-US" xlink:label="lab_lyg_AmountChangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount change [Axis]</link:label>
    <link:label id="lab_lyg_AmountChangeAxis_label_en-US" xlink:label="lab_lyg_AmountChangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Change [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AmountChangeAxis" xlink:href="lyg-20251231.xsd#lyg_AmountChangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AmountChangeAxis" xlink:to="lab_lyg_AmountChangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_StartToTroughMember_019c5283-da98-7447-a460-b53d409225eb_terseLabel_en-US" xlink:label="lab_lyg_StartToTroughMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Start to trough</link:label>
    <link:label id="lab_lyg_StartToTroughMember_label_en-US" xlink:label="lab_lyg_StartToTroughMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Start To Trough [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_StartToTroughMember" xlink:href="lyg-20251231.xsd#lyg_StartToTroughMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_StartToTroughMember" xlink:to="lab_lyg_StartToTroughMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherComprehensiveIncomeLocation1Axis_019c5283-da12-716a-9ff7-48cf0581a876_terseLabel_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income location [Axis]</link:label>
    <link:label id="lab_lyg_OtherComprehensiveIncomeLocation1Axis_label_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income Location1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherComprehensiveIncomeLocation1Axis" xlink:href="lyg-20251231.xsd#lyg_OtherComprehensiveIncomeLocation1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherComprehensiveIncomeLocation1Axis" xlink:to="lab_lyg_OtherComprehensiveIncomeLocation1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossTable_019c5283-d865-72fc-a833-e0844d35d01e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information about expected recognition of contractual service margin in profit or loss [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about expected recognition of contractual service margin in profit or loss [table]</link:label>
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    <link:label id="lab_lyg_IncreaseDecreaseThroughOriginationOrPurchaseRepaymentFinancialAssets_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughOriginationOrPurchaseRepaymentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Origination Or Purchase (Repayment), Financial Assets</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughOriginationOrPurchaseRepaymentFinancialAssets_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughOriginationOrPurchaseRepaymentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Origination Or Purchase (Repayment), Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughOriginationOrPurchaseRepaymentFinancialAssets" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughOriginationOrPurchaseRepaymentFinancialAssets"/>
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    <link:label id="lab_lyg_GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss_019c5283-d974-7ca9-ad57-9dadb6b39097_terseLabel_en-US" xlink:label="lab_lyg_GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in derivative financial instruments</link:label>
    <link:label id="lab_lyg_GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_lyg_GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss" xlink:href="lyg-20251231.xsd#lyg_GainsLossesInDerivativeFinancialInstrumentsAndLiabilitiesAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness_019c5283-da11-796d-a0d0-ac2f2560e6c6_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in fair value used for calculating hedge ineffectiveness &#163;m</link:label>
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    <link:label id="lab_lyg_DisclosureOfEmployeeBenefitsAbstract_019c5283-da98-763a-81bf-f294d85bf720_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfEmployeeBenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of employee benefits [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfEmployeeBenefitsAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfEmployeeBenefitsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of employee benefits [Abstract]</link:label>
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    <link:label id="lab_lyg_CurrentYearQuarterThreeMember_019c5283-d8e9-7215-8097-5b3c8b355230_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 2025 %</link:label>
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    <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>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019c5283-d865-7495-846c-35c9edde0f70_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">Trading liabilities</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>
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    <link:label id="lab_ifrs-full_EquityInstrumentsHeld_019c5283-da98-7d62-ae26-68f3213e4a6f_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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInstrumentsHeld" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInstrumentsHeld"/>
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    <link:label id="lab_lyg_UKBankLevy_019c5283-da98-7e15-878b-71c8d2a66eec_terseLabel_en-US" xlink:label="lab_lyg_UKBankLevy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK bank levy</link:label>
    <link:label id="lab_lyg_UKBankLevy_label_en-US" xlink:label="lab_lyg_UKBankLevy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UK Bank Levy</link:label>
    <link:label id="lab_lyg_UKBankLevy_documentation_en-US" xlink:label="lab_lyg_UKBankLevy" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">UK bank levy</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UKBankLevy" xlink:href="lyg-20251231.xsd#lyg_UKBankLevy"/>
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    <link:label id="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferDomain_019c5283-d974-75f3-8a67-69edfa32c8e6_terseLabel_en-US" xlink:label="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Continuing involvement in derecognised financial assets by type of transfer [domain]</link:label>
    <link:label id="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferDomain_label_en-US" xlink:label="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing involvement in derecognised financial assets by type of transfer [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferDomain"/>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofBenefitPlanMemberLifeExpectancyTable_019c5283-d974-7cb8-8bcd-82bb8225cda8_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofBenefitPlanMemberLifeExpectancyTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Table]</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsAcquiredInPeriodInsuranceContractsLiabilityAsset_019c5283-d7c1-7b27-8ebb-05d76f4018d0_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsAcquiredInPeriodInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profitable contracts issued &#163;m</link:label>
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    <link:label id="lab_lyg_DisclosureOfRelatedPartyAbstract_019c5283-da11-79b7-9958-cf6c8ea88d81_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfRelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of related party [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfRelatedPartyAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfRelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of related party [Abstract]</link:label>
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    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member_019c5283-d7c1-79c7-beb1-8ff82a58ce54_terseLabel_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">USD denominated senior unsecured fixed rate note maturing 2030</link:label>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member_label_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">USD denominated Senior Unsecured Fixed Rate Note Maturing 2030 [Member]</link:label>
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    <link:label id="lab_lyg_WomenMember_019c5283-d974-75fb-a007-399a9009a457_terseLabel_en-US" xlink:label="lab_lyg_WomenMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Women</link:label>
    <link:label id="lab_lyg_WomenMember_label_en-US" xlink:label="lab_lyg_WomenMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Women [Member]</link:label>
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    <link:label id="lab_lyg_DatedSubordinatedLiabilitiesMember_019c5283-d7c1-7b23-8842-6741c759744f_terseLabel_en-US" xlink:label="lab_lyg_DatedSubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dated &#163;m</link:label>
    <link:label id="lab_lyg_DatedSubordinatedLiabilitiesMember_label_en-US" xlink:label="lab_lyg_DatedSubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dated Subordinated Liabilities [Member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DatedSubordinatedLiabilitiesMember" xlink:to="lab_lyg_DatedSubordinatedLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019c5283-d7c1-7413-8200-e880ed78d9cf_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">Total liabilities designated at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" 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, designated upon initial recognition or subsequently</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset_019c5283-d7c1-77e1-bca2-7b6d6df0be8e_negatedTerseLabel_en-US" xlink:label="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Derecognition Consideration</link:label>
    <link:label id="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease Through Disposal, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease Through Disposal, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset" xlink:to="lab_lyg_DecreaseThroughDisposalInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAdjustmentsForNoncashItems_019c5283-da11-79e6-8994-dac8101e4b01_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAdjustmentsForNoncashItems" 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_OtherAdjustmentsForNoncashItems_label_en-US" xlink:label="lab_ifrs-full_OtherAdjustmentsForNoncashItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other adjustments for non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAdjustmentsForNoncashItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAdjustmentsForNoncashItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="lab_ifrs-full_OtherAdjustmentsForNoncashItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateMember_019c5283-d8e9-7bfd-979a-4c70111d5d6c_terseLabel_en-US" xlink:label="lab_lyg_InterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate</link:label>
    <link:label id="lab_lyg_InterestRateMember_label_en-US" xlink:label="lab_lyg_InterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateMember" xlink:href="lyg-20251231.xsd#lyg_InterestRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateMember" xlink:to="lab_lyg_InterestRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1_019c5283-d975-7b78-8037-52f6b1f03e87_terseLabel_en-US" xlink:label="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain loss on sale of leased assets net operating leases</link:label>
    <link:label id="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1_label_en-US" xlink:label="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Sale Of Leased Assets Net Operating Leases1</link:label>
    <link:label id="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1_documentation_en-US" xlink:label="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net gain (loss) arising from the lessor's sale of assets held- or available-for-lease under contractual arrangements classified as operating leases.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1" xlink:href="lyg-20251231.xsd#lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1" xlink:to="lab_lyg_GainLossOnSaleOfLeasedAssetsNetOperatingLeases1" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries_019c5283-d974-72f5-a0cd-4fa33cb37342_negatedTerseLabel_en-US" xlink:label="lab_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Write-off of allowance for loan losses, net of recoveries</link:label>
    <link:label id="lab_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries_label_en-US" xlink:label="lab_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Write off Of Impairment Allowances Recognised Against Loans And Advances Net Of Recoveries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries" xlink:href="lyg-20251231.xsd#lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries" xlink:to="lab_lyg_WriteOffOfImpairmentAllowancesRecognisedAgainstLoansAndAdvancesNetOfRecoveries" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherJudgementsNettingMember_019c5283-da98-7390-a8bb-cf1f6566ee2f_terseLabel_en-US" xlink:label="lab_lyg_OtherJudgementsNettingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Judgemental adjustments &#163;m</link:label>
    <link:label id="lab_lyg_OtherJudgementsNettingMember_label_en-US" xlink:label="lab_lyg_OtherJudgementsNettingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Judgements, Netting [Member]</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherJudgementsNettingMember" xlink:href="lyg-20251231.xsd#lyg_OtherJudgementsNettingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherJudgementsNettingMember" xlink:to="lab_lyg_OtherJudgementsNettingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MotorBusinessCashGeneratingUnitMember_019c5283-da11-7bc7-bd62-97bb16389201_terseLabel_en-US" xlink:label="lab_lyg_MotorBusinessCashGeneratingUnitMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Motor Business Cash Generating Unit</link:label>
    <link:label id="lab_lyg_MotorBusinessCashGeneratingUnitMember_label_en-US" xlink:label="lab_lyg_MotorBusinessCashGeneratingUnitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Motor Business Cash Generating Unit [Member]</link:label>
    <link:label id="lab_lyg_MotorBusinessCashGeneratingUnitMember_documentation_en-US" xlink:label="lab_lyg_MotorBusinessCashGeneratingUnitMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Motor Business Cash Generating Unit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MotorBusinessCashGeneratingUnitMember" xlink:href="lyg-20251231.xsd#lyg_MotorBusinessCashGeneratingUnitMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MotorBusinessCashGeneratingUnitMember" xlink:to="lab_lyg_MotorBusinessCashGeneratingUnitMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member_019c5283-d865-7f24-b367-627e61361bdf_terseLabel_en-US" xlink:label="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$500,000,000 Senior Callable Floating Rate Notes due 2027</link:label>
    <link:label id="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member_label_en-US" xlink:label="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$500,000,000 Senior Callable Floating Rate Notes Due 2027 [Member]</link:label>
    <link:label id="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member_documentation_en-US" xlink:label="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$500,000,000 Senior Callable Floating Rate Notes Due 2027</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member" xlink:href="lyg-20251231.xsd#lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member" xlink:to="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2027Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncomeExpense_019c5283-d865-7d21-9db7-a8ecb13a1c8f_totalLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net fee and commission income</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncomeExpense_label_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee and commission income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionIncomeExpense" xlink:to="lab_ifrs-full_FeeAndCommissionIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_019c5283-da98-73da-af2e-8a900449867b_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on hedge ineffectiveness recognised in profit or loss</link:label>
    <link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_019c5283-da98-71bd-b3f3-6d9ca7172caf_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Hedge ineffectiveness recognised in the income statement &#163;m</link:label>
    <link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (loss) on hedge ineffectiveness recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContinuingAndDiscontinuedOperationsAxis_019c5283-d865-7990-b4fc-8c311ae5d520_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_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_019c5283-d7c1-7e89-9f4b-4374ace2e2c5_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme_019c5283-d8e9-7589-8221-bf5ca0ab24ef_terseLabel_en-US" xlink:label="lab_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average fair value at date of award of shares awarded to employees under matching shares scheme (in GBP per share)</link:label>
    <link:label id="lab_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme_label_en-US" xlink:label="lab_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme</link:label>
    <link:label id="lab_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme_documentation_en-US" xlink:label="lab_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Fair Value At Date Of Award Of Shares Awarded To Employees Under Matching Shares Scheme</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme" xlink:href="lyg-20251231.xsd#lyg_WeightedAverageFairValueAtDateOfAwardOfSharesAwardedToEmployeesUnderMatchingSharesScheme"/>
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    <link:label id="lab_lyg_InterestRateVolatilityMember_019c5283-da98-719a-9fce-adba47bf5cdb_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 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-20251231.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_DisclosureOfOtherOperatingExpenseExplanatory_019c5283-d865-7d32-b9e5-bb29b27c6f32_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" 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_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other operating expense [text block]</link:label>
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    <link:label id="lab_ifrs-full_UnconsolidatedStructuredEntitiesDomain_label_en-US" xlink:label="lab_ifrs-full_UnconsolidatedStructuredEntitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unconsolidated structured entities [domain]</link:label>
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    <link:label id="lab_lyg_NotRatedMember_019c5283-d8e9-7655-80c6-ac82c6575e49_terseLabel_en-US" xlink:label="lab_lyg_NotRatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Not rated</link:label>
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    <link:label id="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedPercentageOfAnnualSalary_019c5283-da11-75b5-af42-23c007f79414_terseLabel_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedPercentageOfAnnualSalary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum number of shares to be awarded, percentage of annual salary</link:label>
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    <link:label id="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedFullyPaidShareCapitalLineItems_019c5283-da11-77d4-88e1-c7c7987900d5_terseLabel_en-US" xlink:label="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedFullyPaidShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE CAPITAL (Details) - Schedule of Issued and Fully Paid Share Capital [Line Items]</link:label>
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    <link:label id="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsTable_label_en-US" xlink:label="lab_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsTable" 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 [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsTable" xlink:href="lyg-20251231.xsd#lyg_ScheduleOfAllowanceAccountForCreditLossesOfFinancialAssetsTable"/>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForChangeInDerivativeFinancialInstrumentsTradingAndOtherFinancialAssetsAtFairValueThroughProfitOrLossToReconcileProfitLossToNetCashFlowFromUsedInOperating" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForChangeInDerivativeFinancialInstrumentsTradingAndOtherFinancialAssetsAtFairValueThroughProfitOrLossToReconcileProfitLossToNetCashFlowFromUsedInOperating"/>
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    <link:label id="lab_ifrs-full_AccountingEstimatesDomain_label_en-US" xlink:label="lab_ifrs-full_AccountingEstimatesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting estimates [domain]</link:label>
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    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
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    <link:label id="lab_lyg_AdjustmentsForExchangeAndOtherAdjustmentsRightOfUseAssets_label_en-US" xlink:label="lab_lyg_AdjustmentsForExchangeAndOtherAdjustmentsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Exchange And Other Adjustments, Right-Of-Use Assets</link:label>
    <link:label id="lab_lyg_AdjustmentsForExchangeAndOtherAdjustmentsRightOfUseAssets_documentation_en-US" xlink:label="lab_lyg_AdjustmentsForExchangeAndOtherAdjustmentsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Exchange And Other Adjustments, Right-Of-Use Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForExchangeAndOtherAdjustmentsRightOfUseAssets" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForExchangeAndOtherAdjustmentsRightOfUseAssets"/>
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    <link:label id="lab_lyg_TypeOfFundingAxis_019c5283-d7c1-77df-8fbe-ee479a2b4046_terseLabel_en-US" xlink:label="lab_lyg_TypeOfFundingAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of Funding [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfFundingAxis_label_en-US" xlink:label="lab_lyg_TypeOfFundingAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Funding [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfFundingAxis_documentation_en-US" xlink:label="lab_lyg_TypeOfFundingAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Type of Funding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfFundingAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfFundingAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfFundingAxis" xlink:to="lab_lyg_TypeOfFundingAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement_019c5283-d7c1-7c93-bc73-654fc61a30fd_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Charge) credit to the income statement</link:label>
    <link:label id="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement_label_en-US" xlink:label="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement" xlink:to="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedDirectlyToIncomeStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019c5283-d974-7a28-91b5-f0ad3de02a96_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total trading assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" 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, classified as held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
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    <link:label id="lab_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock_019c5283-d865-70d4-9ea4-c75cdaad97a8_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(B) Net investment return on assets held to back insurance and investment contracts and net insurance finance (expense) income arising from insurance and investment contracts</link:label>
    <link:label id="lab_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Net Finance Income (Expense) From Insurance, Participating Investment and Reinsurance Contracts [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Net Finance Income (Expense) From Insurance, Participating Investment and Reinsurance Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_ScheduleOfNetFinanceIncomeExpenseFromInsuranceParticipatingInvestmentAndReinsuranceContractsTableTextBlock"/>
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    <link:label id="lab_lyg_ScheduleOfCreditQualityOfAssetsTableTextBlock_019c5283-da12-7e34-8269-46b352da2e53_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfCreditQualityOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Credit Quality of Assets</link:label>
    <link:label id="lab_lyg_ScheduleOfCreditQualityOfAssetsTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfCreditQualityOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Credit Quality Of Assets [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfCreditQualityOfAssetsTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_ScheduleOfCreditQualityOfAssetsTableTextBlock"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_019c5283-da11-7577-b37e-fe46039ea35d_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment analysis</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for segment reporting [text block]</link:label>
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    <link:label id="lab_ifrs-full_ConfidenceLevelUsedToDetermineRiskAdjustmentForNonfinancialRisk_019c5283-d975-7e1f-8eff-e341b3c36770_terseLabel_en-US" xlink:label="lab_ifrs-full_ConfidenceLevelUsedToDetermineRiskAdjustmentForNonfinancialRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Confidence level used to determine risk adjustment for non-financial risk</link:label>
    <link:label id="lab_ifrs-full_ConfidenceLevelUsedToDetermineRiskAdjustmentForNonfinancialRisk_label_en-US" xlink:label="lab_ifrs-full_ConfidenceLevelUsedToDetermineRiskAdjustmentForNonfinancialRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Confidence level used to determine risk adjustment for non-financial risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConfidenceLevelUsedToDetermineRiskAdjustmentForNonfinancialRisk" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConfidenceLevelUsedToDetermineRiskAdjustmentForNonfinancialRisk"/>
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    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetDomain_019c5283-da98-7ef1-9d66-b66be74134c6_terseLabel_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net defined benefit liability (asset) [domain]</link:label>
    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetDomain_label_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net defined benefit liability (asset) [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDefinedBenefitLiabilityAssetDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetDomain"/>
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    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesLineItems_019c5283-d865-79b5-b0ed-eb8c909f1f87_terseLabel_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items]</link:label>
    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesLineItems_label_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_InsuranceContractsByComponentsDomain_019c5283-da98-7c7a-8d07-02caa501cdb1_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>
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    <link:label id="lab_lyg_DepositsFromCustomersMember_019c5283-d974-797b-a35c-c761ec2870ac_terseLabel_en-US" xlink:label="lab_lyg_DepositsFromCustomersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer deposits</link:label>
    <link:label id="lab_lyg_DepositsFromCustomersMember_label_en-US" xlink:label="lab_lyg_DepositsFromCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits From Customers [Member]</link:label>
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    <link:label id="lab_ifrs-full_InterestCostsAbstract_019c5283-da98-701a-8f93-502c03174359_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense:</link:label>
    <link:label id="lab_ifrs-full_InterestCostsAbstract_label_en-US" xlink:label="lab_ifrs-full_InterestCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest costs [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestCostsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestCostsAbstract"/>
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    <link:label id="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_label_en-US" xlink:label="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:to="lab_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_019c5283-d8e9-7d4a-9a6b-ba0f229e7216_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" 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_DeferredTaxAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_019c5283-d865-799c-80e3-824e7b55d96b_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity common stock, shares outstanding (in shares)</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDerivativeFinancialInstrumentsAbstract_019c5283-d865-7565-9784-6aa2a9b6212d_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDerivativeFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of derivative financial instruments [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfDerivativeFinancialInstrumentsAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfDerivativeFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of derivative financial instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDerivativeFinancialInstrumentsAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDerivativeFinancialInstrumentsAbstract"/>
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    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_019c5283-d974-7aa2-8b8f-19a9a118a65f_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments_019c5283-d865-70ca-9a5c-86e5d0c541f2_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions during the year</link:label>
    <link:label id="lab_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments_019c5283-d865-7384-9272-387da1f13bc9_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected cash outflow on redemption or repurchase of puttable financial instruments</link:label>
    <link:label id="lab_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments_label_en-US" xlink:label="lab_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected cash outflow on redemption or repurchase of puttable financial instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedCashOutflowOnRedemptionOrRepurchaseOfPuttableFinancialInstruments"/>
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    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems_019c5283-d975-7229-90ab-6bbd0af85883_terseLabel_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Group [Line Items]</link:label>
    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems_label_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Group [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems" xlink:href="lyg-20251231.xsd#lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems" xlink:to="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeStatementLocation1Axis_019c5283-da11-79d5-b73e-e542ece9de97_terseLabel_en-US" xlink:label="lab_lyg_IncomeStatementLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income statement location [Axis]</link:label>
    <link:label id="lab_lyg_IncomeStatementLocation1Axis_label_en-US" xlink:label="lab_lyg_IncomeStatementLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeStatementLocation1Axis" xlink:href="lyg-20251231.xsd#lyg_IncomeStatementLocation1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeStatementLocation1Axis" xlink:to="lab_lyg_IncomeStatementLocation1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GreaterThanOneHundredPercentMember_019c5283-d8e9-795f-9c07-f1e830881796_terseLabel_en-US" xlink:label="lab_lyg_GreaterThanOneHundredPercentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Greater than 100%</link:label>
    <link:label id="lab_lyg_GreaterThanOneHundredPercentMember_label_en-US" xlink:label="lab_lyg_GreaterThanOneHundredPercentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Greater Than One Hundred Percent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GreaterThanOneHundredPercentMember" xlink:href="lyg-20251231.xsd#lyg_GreaterThanOneHundredPercentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GreaterThanOneHundredPercentMember" xlink:to="lab_lyg_GreaterThanOneHundredPercentMember" xlink:type="arc" order="1"/>
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    <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:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfAccountingJudgementsAndEstimatesAbstract"/>
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    <link:label id="lab_ifrs-full_ClassesOfOrdinarySharesAxis_019c5283-d974-7221-82e2-7b7b9557a0f3_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfOrdinarySharesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of ordinary shares [Axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfOrdinarySharesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfOrdinarySharesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of ordinary shares [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfOrdinarySharesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfOrdinarySharesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOrdinarySharesAxis" xlink:to="lab_ifrs-full_ClassesOfOrdinarySharesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_019c5283-da11-71e0-90af-dc4bed37bc1f_periodStartLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_019c5283-da11-7eff-bcce-01232c5f52b3_periodEndLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation"/>
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    <link:label id="lab_lyg_RMSGrade5Member_019c5283-d865-7f25-837c-f6dd6472f06f_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade5Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5</link:label>
    <link:label id="lab_lyg_RMSGrade5Member_label_en-US" xlink:label="lab_lyg_RMSGrade5Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 5 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade5Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade5Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 5</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade5Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade5Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade5Member" xlink:to="lab_lyg_RMSGrade5Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PensionContributions1_019c5283-da11-72a1-b937-f94202d4c641_terseLabel_en-US" xlink:label="lab_lyg_PensionContributions1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension contributions</link:label>
    <link:label id="lab_lyg_PensionContributions1_label_en-US" xlink:label="lab_lyg_PensionContributions1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension Contributions1</link:label>
    <link:label id="lab_lyg_PensionContributions1_documentation_en-US" xlink:label="lab_lyg_PensionContributions1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pension Contributions1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PensionContributions1" xlink:href="lyg-20251231.xsd#lyg_PensionContributions1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PensionContributions1" xlink:to="lab_lyg_PensionContributions1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_019c5283-d8e9-75ef-9129-e1300fbea1aa_terseLabel_en-US" xlink:label="lab_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares reserved for issue under options and contracts for sale of shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_label_en-US" xlink:label="lab_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares reserved for issue under options and contracts for sale of shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:to="lab_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AcquiredValueOfNonParticipatingInvestmentContract_019c5283-d8e9-7923-b413-27e542c06305_terseLabel_en-US" xlink:label="lab_lyg_AcquiredValueOfNonParticipatingInvestmentContract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired value of non-participating investment contract</link:label>
    <link:label id="lab_lyg_AcquiredValueOfNonParticipatingInvestmentContract_label_en-US" xlink:label="lab_lyg_AcquiredValueOfNonParticipatingInvestmentContract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AcquiredValueOfNonParticipatingInvestmentContract</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AcquiredValueOfNonParticipatingInvestmentContract" xlink:href="lyg-20251231.xsd#lyg_AcquiredValueOfNonParticipatingInvestmentContract"/>
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    <link:label id="lab_ifrs-full_EquityAndLiabilities_019c5283-d7c1-7155-a40f-e33f5122fb27_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_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansTable_019c5283-d974-7d96-a85c-6b460a1778e6_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Table]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansTable_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansTable" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofAssumptionsUsedforCalculatingBenefitPlansTable"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_019c5283-d974-7f1e-b01b-d8b2ad06b6c4_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange and other adjustments</link:label>
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    <link:label id="lab_lyg_ManagementFeeExpense1_label_en-US" xlink:label="lab_lyg_ManagementFeeExpense1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fee Expense1</link:label>
    <link:label id="lab_lyg_ManagementFeeExpense1_documentation_en-US" xlink:label="lab_lyg_ManagementFeeExpense1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Management Fee Expense1</link:label>
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    <link:label id="lab_ifrs-full_BusinessCombinationsDomain_019c5283-d8e9-70a3-a039-5f5d772f2894_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combinations</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsDomain_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BusinessCombinationsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsDomain" xlink:to="lab_ifrs-full_BusinessCombinationsDomain" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember_019c5283-d7c1-7e7c-bbf2-12e0e8ba8c88_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrated properties &#163;m</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile Unrated Properties [Member]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile Unrated Properties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileUnratedPropertiesMember"/>
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    <link:label id="lab_ifrs-full_OutstandingCommitmentsMadeByEntityRelatedPartyTransactions_019c5283-d865-7064-8696-137c880d8500_terseLabel_en-US" xlink:label="lab_ifrs-full_OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding commitments made by entity</link:label>
    <link:label id="lab_ifrs-full_OutstandingCommitmentsMadeByEntityRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding commitments made by entity, related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutstandingCommitmentsMadeByEntityRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OutstandingCommitmentsMadeByEntityRelatedPartyTransactions"/>
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    <link:label id="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableBalancesLineItems_label_en-US" xlink:label="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableBalancesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableBalancesLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableBalancesLineItems"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_019c5283-d865-7ab0-bc97-431dc70b399c_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">Exchange and other adjustments</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_DisclosureOfDerivativeAssetstextBlockTableTextBlock_019c5283-da11-7c08-8812-fbefd4c8f686_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDerivativeAssetstextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Derivative Assets</link:label>
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    <link:label id="lab_ifrs-full_InsuranceContractsThatAreAssets_019c5283-da11-73c5-bfd1-2d4c9937eccb_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_019c5283-da11-7958-99a5-43b6ff215b5a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Insurance contract assets</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreAssets_019c5283-da11-7c73-99e9-ce69987f04cc_periodEndLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" 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"/>
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    <link:label id="lab_ifrs-full_JointVenturesDomain_019c5283-d865-790c-8f33-c0f2a851e80c_terseLabel_en-US" xlink:label="lab_ifrs-full_JointVenturesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Joint ventures [domain]</link:label>
    <link:label id="lab_ifrs-full_JointVenturesDomain_label_en-US" xlink:label="lab_ifrs-full_JointVenturesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Joint ventures [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointVenturesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesDomain" xlink:to="lab_ifrs-full_JointVenturesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares_019c5283-d865-7a52-b6a1-d5c9217f75b6_terseLabel_en-US" xlink:label="lab_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transactions in own shares</link:label>
    <link:label id="lab_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares_label_en-US" xlink:label="lab_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From (Payments For) Sale (Purchase) Of Treasury Shares</link:label>
    <link:label id="lab_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares_documentation_en-US" xlink:label="lab_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From (Payments For) Sale (Purchase) Of Treasury Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares" xlink:href="lyg-20251231.xsd#lyg_ProceedsFromPaymentsForSalePurchaseOfTreasuryShares"/>
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    <link:label id="lab_lyg_RMS46Member_019c5283-da11-7de4-a79a-16077e0fc0c5_terseLabel_en-US" xlink:label="lab_lyg_RMS46Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RMS 4&#8211;6</link:label>
    <link:label id="lab_lyg_RMS46Member_label_en-US" xlink:label="lab_lyg_RMS46Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS 4-6 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMS46Member" xlink:href="lyg-20251231.xsd#lyg_RMS46Member"/>
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    <link:label id="lab_ifrs-full_IncomeFromStructuredEntities_019c5283-d7c1-7e55-a804-7a6a346f2b13_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeFromStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income from structured entities</link:label>
    <link:label id="lab_ifrs-full_IncomeFromStructuredEntities_label_en-US" xlink:label="lab_ifrs-full_IncomeFromStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from structured entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeFromStructuredEntities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeFromStructuredEntities"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_019c5283-da98-7073-83da-b7688dd55f61_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>
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    <link:label id="lab_lyg_GlobalTariffAndGeoPoliticalDisruptionRisksMember_019c5283-da98-730b-8ee6-931cd52af648_terseLabel_en-US" xlink:label="lab_lyg_GlobalTariffAndGeoPoliticalDisruptionRisksMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Global tariff and geo-political disruption risks</link:label>
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    <link:label id="lab_lyg_GlobalTariffAndGeoPoliticalDisruptionRisksMember_documentation_en-US" xlink:label="lab_lyg_GlobalTariffAndGeoPoliticalDisruptionRisksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global Tariff and Geo-Political Disruption Risks</link:label>
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    <link:label id="lab_lyg_InfrastructureFundsMember_019c5283-da11-7414-b955-113a6ed09a13_terseLabel_en-US" xlink:label="lab_lyg_InfrastructureFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Infrastructure funds</link:label>
    <link:label id="lab_lyg_InfrastructureFundsMember_label_en-US" xlink:label="lab_lyg_InfrastructureFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Infrastructure Funds [Member]</link:label>
    <link:label id="lab_lyg_InfrastructureFundsMember_documentation_en-US" xlink:label="lab_lyg_InfrastructureFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Infrastructure Funds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InfrastructureFundsMember" xlink:href="lyg-20251231.xsd#lyg_InfrastructureFundsMember"/>
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    <link:label id="lab_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets_019c5283-d974-7881-af38-a66a5f67a8ab_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income from continuing involvement in derecognised financial assets</link:label>
    <link:label id="lab_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from continuing involvement in derecognised financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets" xlink:to="lab_ifrs-full_IncomeFromContinuingInvolvementInDerecognisedFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_019c5283-d8e9-7834-9d9f-aea1f738318a_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City area code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestructuringProvision_019c5283-da11-7bda-bcb2-aa7a874f5a40_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_InsurancePensionsAndInvestmentsGeneralInsuranceMember_019c5283-d7c1-75ab-8b36-2b186f0c7382_terseLabel_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General insurance</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember_label_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance, Pensions and Investments - General Insurance [Member]</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember_documentation_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance, Pensions and Investments - General Insurance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember" xlink:href="lyg-20251231.xsd#lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember" xlink:to="lab_lyg_InsurancePensionsAndInvestmentsGeneralInsuranceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory_019c5283-d865-7eed-b6e4-8207db5ecc73_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fair values of financial assets and liabilities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value of financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets_019c5283-d974-744b-8298-98c7b27f15fc_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_019c5283-d974-79eb-b480-74084f355b12_totalLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">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-20251231.xsd#lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:to="lab_lyg_IncreaseDecreaseThroughRevenueInsuranceAndInvestmentContractAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_019c5283-d865-7dba-b961-e7cf23e0f6a7_terseLabel_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_019c5283-d7c1-748c-99c7-d6d2dccb1927_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less cash and cash equivalents acquired</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents in subsidiary or businesses acquired or disposed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013"/>
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    <link:label id="lab_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_019c5283-d7c1-7b1d-98f3-740ace766848_terseLabel_en-US" xlink:label="lab_lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts" 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_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-20251231.xsd#lyg_TotalIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts"/>
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    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_019c5283-da11-7225-b02d-a49e77537038_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_019c5283-d974-7592-ab85-03e6868cf39f_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 (note 33)</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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MenMember_019c5283-da12-7f18-9e97-35c004ea89df_terseLabel_en-US" xlink:label="lab_lyg_MenMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Men</link:label>
    <link:label id="lab_lyg_MenMember_label_en-US" xlink:label="lab_lyg_MenMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Men [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MenMember" xlink:href="lyg-20251231.xsd#lyg_MenMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MenMember" xlink:to="lab_lyg_MenMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PercentageIncreaseInRateMember_019c5283-d8e9-7876-9e23-2f34a823e628_terseLabel_en-US" xlink:label="lab_lyg_PercentageIncreaseInRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage increase in rate</link:label>
    <link:label id="lab_lyg_PercentageIncreaseInRateMember_label_en-US" xlink:label="lab_lyg_PercentageIncreaseInRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Increase In Rate [Member]</link:label>
    <link:label id="lab_lyg_PercentageIncreaseInRateMember_documentation_en-US" xlink:label="lab_lyg_PercentageIncreaseInRateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Increase In Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageIncreaseInRateMember" xlink:href="lyg-20251231.xsd#lyg_PercentageIncreaseInRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PercentageIncreaseInRateMember" xlink:to="lab_lyg_PercentageIncreaseInRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NondeductibleCostsConductCharges_019c5283-da12-7f11-9482-4a62f79788bf_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">NondeductibleCostsConductCharges</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NondeductibleCostsConductCharges" xlink:href="lyg-20251231.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_DisclosureOfRelatedPartyExplanatory_019c5283-da11-7151-8bb8-e54933283b39_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of related party [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfTradingIncomeExpenseAbstract_019c5283-d865-7553-9185-daaeb20991eb_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfTradingIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of trading income (expense) [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfTradingIncomeExpenseAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfTradingIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of trading income (expense) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfTradingIncomeExpenseAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfTradingIncomeExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfTradingIncomeExpenseAbstract" xlink:to="lab_lyg_DisclosureOfTradingIncomeExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_019c5283-da98-712d-b40c-623853893f5a_totalLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" 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, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax"/>
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    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_019c5283-d8e9-780f-bde4-169f3388db99_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 &#163;m</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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock_019c5283-da98-72dd-a2d0-672ae5f5ece5_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Change in Operating Assets</link:label>
    <link:label id="lab_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfChangeInOperatingAssetstextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfChangeInOperatingAssetstextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees_019c5283-d974-7f5f-bba8-c6ec351ca8a6_terseLabel_en-US" xlink:label="lab_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment credit on undrawn balances</link:label>
    <link:label id="lab_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees_label_en-US" xlink:label="lab_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment charge relating to undrawn balances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees" xlink:href="lyg-20251231.xsd#lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees" xlink:to="lab_lyg_ProvisionsForUndrawnCommitmentsAndFinancialGuarantees" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member_019c5283-d7c1-7797-a8bc-2fa71e6e5d1d_terseLabel_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">USD denominated senior unsecured floating rate note maturing 2030</link:label>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member_label_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">USD denominated Senior Unsecured Floating Rate Note Maturing 2030 [Member]</link:label>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member_documentation_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">USD denominated Senior Unsecured Floating Rate Note Maturing 2030</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:href="lyg-20251231.xsd#lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:to="lab_lyg_USDDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation_019c5283-d7c1-7570-85f9-74cfa1d30edb_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation</link:label>
    <link:label id="lab_ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation_label_en-US" xlink:label="lab_ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation"/>
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    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable_019c5283-d8e9-776d-a6b0-09c995809f2e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FourYearsAfterReportingYearMember_019c5283-da98-7b06-a99e-5b875c52e38a_terseLabel_en-US" xlink:label="lab_lyg_FourYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2029 %</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>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FourYearsAfterReportingYearMember" xlink:href="lyg-20251231.xsd#lyg_FourYearsAfterReportingYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FourYearsAfterReportingYearMember" xlink:to="lab_lyg_FourYearsAfterReportingYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets_019c5283-d865-7c13-9b27-a87b0c194ce3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Advances written off</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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughWriteoffFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:to="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProtectionPlanDomain_019c5283-d865-785a-a46d-42693e96bb8c_terseLabel_en-US" xlink:label="lab_lyg_ProtectionPlanDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Protection plan [Domain]</link:label>
    <link:label id="lab_lyg_ProtectionPlanDomain_label_en-US" xlink:label="lab_lyg_ProtectionPlanDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ProtectionPlan [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProtectionPlanDomain" xlink:href="lyg-20251231.xsd#lyg_ProtectionPlanDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProtectionPlanDomain" xlink:to="lab_lyg_ProtectionPlanDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AcquisitionFairValueMember_019c5283-d865-722a-a2e7-ec0ee303d2c1_terseLabel_en-US" xlink:label="lab_lyg_AcquisitionFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition fair value &#163;m</link:label>
    <link:label id="lab_lyg_AcquisitionFairValueMember_label_en-US" xlink:label="lab_lyg_AcquisitionFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AcquisitionFairValueMember" xlink:href="lyg-20251231.xsd#lyg_AcquisitionFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AcquisitionFairValueMember" xlink:to="lab_lyg_AcquisitionFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners_019c5283-d7c1-7a19-b45f-cc9a1787e217_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_lyg_ForeignExchangeImpactOnBalanceSheet2_019c5283-d8e9-7e4e-ad22-ab2910240bb4_terseLabel_en-US" xlink:label="lab_lyg_ForeignExchangeImpactOnBalanceSheet2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange impact on balance sheet</link:label>
    <link:label id="lab_lyg_ForeignExchangeImpactOnBalanceSheet2_label_en-US" xlink:label="lab_lyg_ForeignExchangeImpactOnBalanceSheet2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Exchange Impact On Balance Sheet2</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ForeignExchangeImpactOnBalanceSheet2" xlink:href="lyg-20251231.xsd#lyg_ForeignExchangeImpactOnBalanceSheet2"/>
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    <link:label id="lab_lyg_Deposits1Abstract_019c5283-d974-75de-ab6a-aa93025e3adc_terseLabel_en-US" xlink:label="lab_lyg_Deposits1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_lyg_Deposits1Abstract_label_en-US" xlink:label="lab_lyg_Deposits1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits1 [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Deposits1Abstract" xlink:href="lyg-20251231.xsd#lyg_Deposits1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Deposits1Abstract" xlink:to="lab_lyg_Deposits1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsTable_019c5283-d865-73c0-b641-4f23364a75ea_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Narrative [Table]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsTable_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsTable" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsTable" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems_019c5283-d974-7605-b123-df8062dbd62e_terseLabel_en-US" xlink:label="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Details) - Schedule of Offsetting of Financial Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Details) - Schedule of Offsetting of Financial Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems_documentation_en-US" xlink:label="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Details) - Schedule of Offsetting of Financial Assets and Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems" xlink:to="lab_lyg_OFFSETTINGOFFINANCIALASSETSANDLIABILITIESDetailsScheduleOfOffsettingOfFinancialAssetsAndLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember_019c5283-da11-7d1b-b2c2-64dab10594f2_terseLabel_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options and shares granted in prior years</link:label>
    <link:label id="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember_label_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Options and Shares Granted in Prior Years [Member]</link:label>
    <link:label id="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember_documentation_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Options and Shares Granted in Prior Years</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OptionsAndSharesGrantedInPriorYearsMember" xlink:href="lyg-20251231.xsd#lyg_OptionsAndSharesGrantedInPriorYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OptionsAndSharesGrantedInPriorYearsMember" xlink:to="lab_lyg_OptionsAndSharesGrantedInPriorYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems_019c5283-d865-74ca-9714-4fe37a1d4c4f_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Line Items]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesunderCFOBuyoutLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MovementInCashFlowHedgingReserveAbstract_019c5283-d865-716f-8735-cc550ee06259_terseLabel_en-US" xlink:label="lab_lyg_MovementInCashFlowHedgingReserveAbstract" 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_MovementInCashFlowHedgingReserveAbstract_label_en-US" xlink:label="lab_lyg_MovementInCashFlowHedgingReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MovementInCashFlowHedgingReserve [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MovementInCashFlowHedgingReserveAbstract" xlink:href="lyg-20251231.xsd#lyg_MovementInCashFlowHedgingReserveAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MovementInCashFlowHedgingReserveAbstract" xlink:to="lab_lyg_MovementInCashFlowHedgingReserveAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HedgedCashflowsWillNoLongerOccur_019c5283-da11-76b9-969e-b70f20375cef_terseLabel_en-US" xlink:label="lab_lyg_HedgedCashflowsWillNoLongerOccur" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedged cash flows that will no longer occur &#163;m</link:label>
    <link:label id="lab_lyg_HedgedCashflowsWillNoLongerOccur_label_en-US" xlink:label="lab_lyg_HedgedCashflowsWillNoLongerOccur" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HedgedCashflowsWillNoLongerOccur</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HedgedCashflowsWillNoLongerOccur" xlink:href="lyg-20251231.xsd#lyg_HedgedCashflowsWillNoLongerOccur"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HedgedCashflowsWillNoLongerOccur" xlink:to="lab_lyg_HedgedCashflowsWillNoLongerOccur" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes_019c5283-d974-7272-a71c-266e759e6652_negatedLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncomeRelatedToPillarTwoIncomeTaxes" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member_019c5283-d7c1-75fb-8cb8-dfcf07e936d5_terseLabel_en-US" xlink:label="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,327,685,000 4.582% Subordinated Securities due 2025</link:label>
    <link:label id="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member_label_en-US" xlink:label="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,327,685,000 4.582% Subordinated Securities due 2025 [Member]</link:label>
    <link:label id="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member_documentation_en-US" xlink:label="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,327,685,000 4.582% Subordinated Securities due 2025</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member" xlink:href="lyg-20251231.xsd#lyg_A13276850004.582SubordinatedSecuritiesDue2025Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member" xlink:to="lab_lyg_A13276850004.582SubordinatedSecuritiesDue2025Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OnValuationDateMember_019c5283-d8e9-709e-96ea-105b7a7ae735_terseLabel_en-US" xlink:label="lab_lyg_OnValuationDateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On valuation date</link:label>
    <link:label id="lab_lyg_OnValuationDateMember_label_en-US" xlink:label="lab_lyg_OnValuationDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On Valuation Date [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OnValuationDateMember" xlink:href="lyg-20251231.xsd#lyg_OnValuationDateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OnValuationDateMember" xlink:to="lab_lyg_OnValuationDateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_019c5283-d8e9-74f0-976f-d88d6b6229b4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of share-based payment arrangements [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract_019c5283-da98-774c-a297-21184b11fa77_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_019c5283-da98-7927-88f0-2f76b36899a6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Other Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of prepayments and other assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome_019c5283-d8e9-7bd6-83bc-0b17f7f09ed0_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit to other comprehensive income</link:label>
    <link:label id="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome_label_en-US" xlink:label="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome" xlink:to="lab_lyg_DeferredTaxLiabilitiesCreditedOrChargedToComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NinetyPercentToOneHundredPercentMember_019c5283-d8e9-7768-8e76-41bcb54845b8_terseLabel_en-US" xlink:label="lab_lyg_NinetyPercentToOneHundredPercentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">90% to 100%</link:label>
    <link:label id="lab_lyg_NinetyPercentToOneHundredPercentMember_label_en-US" xlink:label="lab_lyg_NinetyPercentToOneHundredPercentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ninety Percent To One Hundred Percent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NinetyPercentToOneHundredPercentMember" xlink:href="lyg-20251231.xsd#lyg_NinetyPercentToOneHundredPercentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NinetyPercentToOneHundredPercentMember" xlink:to="lab_lyg_NinetyPercentToOneHundredPercentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksMember_019c5283-d865-76ba-900e-d3a3d604b4f0_terseLabel_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksMember" 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_lyg_LoansAndAdvancesToBanksMember_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Advances To Banks [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToBanksMember" xlink:href="lyg-20251231.xsd#lyg_LoansAndAdvancesToBanksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAndAdvancesToBanksMember" xlink:to="lab_lyg_LoansAndAdvancesToBanksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FixedRateBondsMember_019c5283-d974-786e-a488-02992389b9ff_terseLabel_en-US" xlink:label="lab_lyg_FixedRateBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed rate bonds</link:label>
    <link:label id="lab_lyg_FixedRateBondsMember_label_en-US" xlink:label="lab_lyg_FixedRateBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Rate Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FixedRateBondsMember" xlink:href="lyg-20251231.xsd#lyg_FixedRateBondsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FixedRateBondsMember" xlink:to="lab_lyg_FixedRateBondsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DesignatedAtFairValueThroughProfitOrLossMember_019c5283-da98-7596-a2f5-43a59c0721fa_terseLabel_en-US" xlink:label="lab_lyg_DesignatedAtFairValueThroughProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Designated at fair value through profit or loss &#163;m</link:label>
    <link:label id="lab_lyg_DesignatedAtFairValueThroughProfitOrLossMember_label_en-US" xlink:label="lab_lyg_DesignatedAtFairValueThroughProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Designated At Fair Value Through Profit Or Loss [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DesignatedAtFairValueThroughProfitOrLossMember" xlink:href="lyg-20251231.xsd#lyg_DesignatedAtFairValueThroughProfitOrLossMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DesignatedAtFairValueThroughProfitOrLossMember" xlink:to="lab_lyg_DesignatedAtFairValueThroughProfitOrLossMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract_019c5283-d8e9-7a6b-beb1-f70e101ae084_verboseLabel_en-US" xlink:label="lab_ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract" 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_NetDeferredTaxAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net deferred tax assets and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis_019c5283-d8e9-701e-94f7-2fe1aa75c1fb_terseLabel_en-US" xlink:label="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of movements in allowance for impairment losses [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis_label_en-US" xlink:label="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Movements In Allowance For Impairment Losses [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis" xlink:to="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DepositsFromBanksAndRepurchaseAgreements_019c5283-da11-7e3b-b27e-05fa4154814d_terseLabel_en-US" xlink:label="lab_lyg_DepositsFromBanksAndRepurchaseAgreements" 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_lyg_DepositsFromBanksAndRepurchaseAgreements_label_en-US" xlink:label="lab_lyg_DepositsFromBanksAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits From Banks And Repurchase Agreements</link:label>
    <link:label id="lab_lyg_DepositsFromBanksAndRepurchaseAgreements_documentation_en-US" xlink:label="lab_lyg_DepositsFromBanksAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits From Banks And Repurchase Agreements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DepositsFromBanksAndRepurchaseAgreements" xlink:href="lyg-20251231.xsd#lyg_DepositsFromBanksAndRepurchaseAgreements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DepositsFromBanksAndRepurchaseAgreements" xlink:to="lab_lyg_DepositsFromBanksAndRepurchaseAgreements" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A6475NonCumulativePreferenceSharesMember_019c5283-da98-7afb-aab0-4fc613ec2e44_terseLabel_en-US" xlink:label="lab_lyg_A6475NonCumulativePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.475% Non-cumulative Preference shares of GBP0.25</link:label>
    <link:label id="lab_lyg_A6475NonCumulativePreferenceSharesMember_label_en-US" xlink:label="lab_lyg_A6475NonCumulativePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.475% Non-Cumulative Preference Shares [Member]</link:label>
    <link:label id="lab_lyg_A6475NonCumulativePreferenceSharesMember_documentation_en-US" xlink:label="lab_lyg_A6475NonCumulativePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.475% Non-Cumulative Preference Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6475NonCumulativePreferenceSharesMember" xlink:href="lyg-20251231.xsd#lyg_A6475NonCumulativePreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A6475NonCumulativePreferenceSharesMember" xlink:to="lab_lyg_A6475NonCumulativePreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssetsMember_019c5283-da11-7dc8-a404-f012e3713f0a_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_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_019c5283-d7c1-705e-ab1a-d0813804ceda_negatedTerseLabel_en-US" xlink:label="lab_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Administrative costs paid</link:label>
    <link:label id="lab_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Administrative Expenses, Net Defined Benefit Liability (Asset)</link:label>
    <link:label id="lab_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Administrative Expenses, Net Defined Benefit Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:to="lab_lyg_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member_019c5283-d865-7b5a-b889-4705660da6a9_terseLabel_en-US" xlink:label="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,500 million 7.5% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2025</link:label>
    <link:label id="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member_label_en-US" xlink:label="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">7.5% Convertible Securities Callable 2025 [Member]</link:label>
    <link:label id="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member_documentation_en-US" xlink:label="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">7.5% Convertible Securities Callable 2025</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A7.5ConvertibleSecuritiesCallable2025Member" xlink:href="lyg-20251231.xsd#lyg_A7.5ConvertibleSecuritiesCallable2025Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A7.5ConvertibleSecuritiesCallable2025Member" xlink:to="lab_lyg_A7.5ConvertibleSecuritiesCallable2025Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member_019c5283-d7c1-7eab-a13c-1fe42d428bc3_terseLabel_en-US" xlink:label="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EUR denominated senior unsecured fixed rate note maturing 2030</link:label>
    <link:label id="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member_label_en-US" xlink:label="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EUR denominated Senior Unsecured Fixed Rate Note Maturing 2030 [Member]</link:label>
    <link:label id="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member_documentation_en-US" xlink:label="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EUR denominated Senior Unsecured Fixed Rate Note Maturing 2030</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:href="lyg-20251231.xsd#lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:to="lab_lyg_EURDenominatedSeniorUnsecuredFixedRateNoteMaturing2030Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LossContingenciesByNatureOfContingencyDomain_019c5283-d865-7797-834c-055ea63a23aa_terseLabel_en-US" xlink:label="lab_lyg_LossContingenciesByNatureOfContingencyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss contingencies by nature of contingency [Domain]</link:label>
    <link:label id="lab_lyg_LossContingenciesByNatureOfContingencyDomain_label_en-US" xlink:label="lab_lyg_LossContingenciesByNatureOfContingencyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies By Nature Of Contingency [Domain]</link:label>
    <link:label id="lab_lyg_LossContingenciesByNatureOfContingencyDomain_documentation_en-US" xlink:label="lab_lyg_LossContingenciesByNatureOfContingencyDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss Contingencies By Nature Of Contingency [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LossContingenciesByNatureOfContingencyDomain" xlink:href="lyg-20251231.xsd#lyg_LossContingenciesByNatureOfContingencyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LossContingenciesByNatureOfContingencyDomain" xlink:to="lab_lyg_LossContingenciesByNatureOfContingencyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SubordinatedLiabilitiesMember_019c5283-d7c1-716e-a2cc-f6f593d445ac_terseLabel_en-US" xlink:label="lab_lyg_SubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated liabilities</link:label>
    <link:label id="lab_lyg_SubordinatedLiabilitiesMember_label_en-US" xlink:label="lab_lyg_SubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated Liabilities [Member]</link:label>
    <link:label id="lab_lyg_SubordinatedLiabilitiesMember_documentation_en-US" xlink:label="lab_lyg_SubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subordinated Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SubordinatedLiabilitiesMember" xlink:href="lyg-20251231.xsd#lyg_SubordinatedLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SubordinatedLiabilitiesMember" xlink:to="lab_lyg_SubordinatedLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member_019c5283-d7c1-753d-9ad4-6a7421edeb90_terseLabel_en-US" xlink:label="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,000 million 6.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities callable 2035</link:label>
    <link:label id="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member_label_en-US" xlink:label="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.625% Convertible Securities Callable 2035 [Member]</link:label>
    <link:label id="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member_documentation_en-US" xlink:label="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.625% Convertible Securities Callable 2035</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6.625ConvertibleSecuritiesCallable2035Member" xlink:href="lyg-20251231.xsd#lyg_A6.625ConvertibleSecuritiesCallable2035Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A6.625ConvertibleSecuritiesCallable2035Member" xlink:to="lab_lyg_A6.625ConvertibleSecuritiesCallable2035Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFinancialAssets_019c5283-d974-75a8-a599-fc8e3302a786_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Increase in ECL</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_CMS1518Member_019c5283-d8e9-7af3-9a72-a049cf69afd8_terseLabel_en-US" xlink:label="lab_lyg_CMS1518Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CMS 15&#8211;18</link:label>
    <link:label id="lab_lyg_CMS1518Member_label_en-US" xlink:label="lab_lyg_CMS1518Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CMS 15-18 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CMS1518Member" xlink:href="lyg-20251231.xsd#lyg_CMS1518Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CMS1518Member" xlink:to="lab_lyg_CMS1518Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_019c5283-da98-76d9-81e9-ab28964a705a_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_ifrs-full_DisclosureOfDebtSecuritiesExplanatory_019c5283-d8e9-7ad6-8111-273840757795_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_LeaseholdImprovementsMember_019c5283-da11-7e07-bcfb-f095015445cb_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leasehold improvements</link:label>
    <link:label id="lab_ifrs-full_LeaseholdImprovementsMember_label_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leasehold improvements [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseholdImprovementsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseholdImprovementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseholdImprovementsMember" xlink:to="lab_ifrs-full_LeaseholdImprovementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalNoncashItems_019c5283-d8e9-7937-bc23-35a17fcd3ea2_totalLabel_en-US" xlink:label="lab_lyg_TotalNoncashItems" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-cash items</link:label>
    <link:label id="lab_lyg_TotalNoncashItems_label_en-US" xlink:label="lab_lyg_TotalNoncashItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TotalNoncashItems</link:label>
    <link:label id="lab_lyg_TotalNoncashItems_documentation_en-US" xlink:label="lab_lyg_TotalNoncashItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalNoncashItems" xlink:href="lyg-20251231.xsd#lyg_TotalNoncashItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalNoncashItems" xlink:to="lab_lyg_TotalNoncashItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable_019c5283-d8e9-72b0-88a6-80262505b4fd_terseLabel_en-US" xlink:label="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Table]</link:label>
    <link:label id="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable_label_en-US" xlink:label="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable" xlink:href="lyg-20251231.xsd#lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable" xlink:to="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenue_019c5283-da12-7a77-959f-f6695e613c58_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_019c5283-da12-7c1f-bca5-7c9857d39fa6_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">Total insurance revenue</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_IncreaseDecreaseInOtherOperatingLiabilities1_019c5283-d7c1-7f12-813b-f9dcce631f87_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInOtherOperatingLiabilities1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in other operating liabilities</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInOtherOperatingLiabilities1_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInOtherOperatingLiabilities1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Other Operating Liabilities1</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInOtherOperatingLiabilities1_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInOtherOperatingLiabilities1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of increase (decrease) in operating liabilities classified as other.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInOtherOperatingLiabilities1" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInOtherOperatingLiabilities1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInOtherOperatingLiabilities1" xlink:to="lab_lyg_IncreaseDecreaseInOtherOperatingLiabilities1" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RedemptionOfOtherEquityInstruments_019c5283-da11-7ae7-86a6-6a9277ff1e4a_negatedLabel_en-US" xlink:label="lab_lyg_RedemptionOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" 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:loc xlink:type="locator" xlink:label="loc_lyg_RedemptionOfOtherEquityInstruments" xlink:href="lyg-20251231.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_dei_ExchangeDomain_019c5283-d974-73a6-91ad-5007d70b1cf8_terseLabel_en-US" xlink:label="lab_dei_ExchangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange [Domain]</link:label>
    <link:label id="lab_dei_ExchangeDomain_label_en-US" xlink:label="lab_dei_ExchangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ExchangeDomain" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ExchangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ExchangeDomain" xlink:to="lab_dei_ExchangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfBenefitRecipientAxis_019c5283-da11-70c6-ab73-0758d8e8b127_terseLabel_en-US" xlink:label="lab_lyg_TypeOfBenefitRecipientAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of benefit recipient [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfBenefitRecipientAxis_label_en-US" xlink:label="lab_lyg_TypeOfBenefitRecipientAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Benefit Recipient [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfBenefitRecipientAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfBenefitRecipientAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfBenefitRecipientAxis" xlink:to="lab_lyg_TypeOfBenefitRecipientAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetAmountsPresentedInTheBalanceSheetMember_019c5283-d865-7df2-addd-5b79f541e88a_terseLabel_en-US" xlink:label="lab_lyg_NetAmountsPresentedInTheBalanceSheetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net amount recognised in the balance sheet</link:label>
    <link:label id="lab_lyg_NetAmountsPresentedInTheBalanceSheetMember_label_en-US" xlink:label="lab_lyg_NetAmountsPresentedInTheBalanceSheetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Amounts Presented In The Balance Sheet [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetAmountsPresentedInTheBalanceSheetMember" xlink:href="lyg-20251231.xsd#lyg_NetAmountsPresentedInTheBalanceSheetMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetAmountsPresentedInTheBalanceSheetMember" xlink:to="lab_lyg_NetAmountsPresentedInTheBalanceSheetMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_StatutoryPositionMember_019c5283-da11-7fb0-89a5-2f58fe1b1373_terseLabel_en-US" xlink:label="lab_lyg_StatutoryPositionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statutory position</link:label>
    <link:label id="lab_lyg_StatutoryPositionMember_label_en-US" xlink:label="lab_lyg_StatutoryPositionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statutory Position [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_StatutoryPositionMember" xlink:href="lyg-20251231.xsd#lyg_StatutoryPositionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_StatutoryPositionMember" xlink:to="lab_lyg_StatutoryPositionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019c5283-d974-7dba-8bc1-9fd9cdb9c93a_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 instruments</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019c5283-d974-7935-b510-264e14c9e2e9_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 liabilities &#163;m</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019c5283-d974-72cc-a084-c6a53918b01c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Derivative liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019c5283-d974-70bf-beb2-d65728f7115e_negatedLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Derivative liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019c5283-d974-79ff-88d6-779f9d66f712_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January, derivative liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019c5283-d974-7b7a-9c87-a337276a328f_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December, 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_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts_019c5283-d7c1-7297-92fc-33e5ee496a08_terseLabel_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts" 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 participating investment contracts</link:label>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts_label_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/label" 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_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts_documentation_en-US" xlink:label="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Investment Return on Assets Held to Back Insurance and Participating Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts" xlink:href="lyg-20251231.xsd#lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts" xlink:to="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackInsuranceAndParticipatingInvestmentContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems_019c5283-da12-7dbd-aee6-8e02446b480c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_019c5283-da98-7f3d-98b2-14ae22172df7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of - Retirement Benefit Charges to Income Statement, Analysis of Defined Benefit Obligation, Pooled Investment Vehicles, Assumptions Used in Valuation, Member Life Expectancy, Alternative Valuation Assumptions Used, Weighted Average Duration of Defined Benefit Obligations, Maturity Analysis of Benefits To Be Paid and Other Movements</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_019c5283-d8e9-7a0e-a6a3-f4eedf2c3b68_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3 to 6 months &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three months and not later than six months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_019c5283-d8e9-7246-ad98-8116e834a96c_verboseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Ordinary shares, nominal value 10 pence each</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_019c5283-d8e9-74a5-87ed-b4497b9214ac_terseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ordinary shares</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_label_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OrdinarySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OrdinarySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OrdinarySharesMember" xlink:to="lab_ifrs-full_OrdinarySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock_019c5283-d8e9-77d8-9d97-e9d0d96a42ba_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance underwriting risk</link:label>
    <link:label id="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Insurance Underwriting Risk [Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Insurance Underwriting Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock" xlink:to="lab_lyg_DisclosureOfInsuranceUnderwritingRiskTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_019c5283-d865-7284-a2e0-d8be97f6fc76_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities included in disposal groups classified as held for sale</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities included in disposal groups classified as held for sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_019c5283-d865-7135-9b06-d83dcc0a9999_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_019c5283-d865-7441-80ae-97b58a14067d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditors&#8217; remuneration</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of auditors' remuneration [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAuditorsRemunerationExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_019c5283-da98-7b34-b0d8-4ad54924824d_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_019c5283-da98-716f-9862-29c4dd167ef1_verboseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Carrying value &#163;m</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_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract_019c5283-d8e9-74dc-b331-b6c814ee7779_terseLabel_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" 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_lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:href="lyg-20251231.xsd#lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:to="lab_lyg_MovementsInRevaluationReserveInRespectOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CoveredBondProgramAxis_019c5283-da11-7ea3-a8ab-907034472639_terseLabel_en-US" xlink:label="lab_lyg_CoveredBondProgramAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covered bond program [Axis]</link:label>
    <link:label id="lab_lyg_CoveredBondProgramAxis_label_en-US" xlink:label="lab_lyg_CoveredBondProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Covered Bond Program [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CoveredBondProgramAxis" xlink:href="lyg-20251231.xsd#lyg_CoveredBondProgramAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CoveredBondProgramAxis" xlink:to="lab_lyg_CoveredBondProgramAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ApplicableTaxRate_019c5283-d8e9-7d0f-ac5c-db3065d9f03e_terseLabel_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Applicable tax rate (in percent)</link:label>
    <link:label id="lab_ifrs-full_ApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Applicable tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ApplicableTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ApplicableTaxRate" xlink:to="lab_ifrs-full_ApplicableTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenueAbstract_019c5283-d865-7fee-90ed-07276a21c75b_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueAbstract" 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_InsuranceRevenueAbstract_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenueAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenueAbstract" xlink:to="lab_ifrs-full_InsuranceRevenueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherRetailLendingMember_019c5283-d974-78d0-8f21-f6109be19b88_terseLabel_en-US" xlink:label="lab_lyg_OtherRetailLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other retail lending</link:label>
    <link:label id="lab_lyg_OtherRetailLendingMember_label_en-US" xlink:label="lab_lyg_OtherRetailLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Retail Lending [Member]</link:label>
    <link:label id="lab_lyg_OtherRetailLendingMember_documentation_en-US" xlink:label="lab_lyg_OtherRetailLendingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Retail Lending</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherRetailLendingMember" xlink:href="lyg-20251231.xsd#lyg_OtherRetailLendingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherRetailLendingMember" xlink:to="lab_lyg_OtherRetailLendingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member_019c5283-d7c1-705e-b846-7eee234f32ba_terseLabel_en-US" xlink:label="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$824,033,000 5.3% Subordinated Securities due 2045</link:label>
    <link:label id="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member_label_en-US" xlink:label="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$824,033,000 5.3% Subordinated Securities due 2045 [Member]</link:label>
    <link:label id="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member_documentation_en-US" xlink:label="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$824,033,000 5.3% Subordinated Securities due 2045</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A82403300053SubordinatedSecuritiesDue2045Member" xlink:href="lyg-20251231.xsd#lyg_A82403300053SubordinatedSecuritiesDue2045Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A82403300053SubordinatedSecuritiesDue2045Member" xlink:to="lab_lyg_A82403300053SubordinatedSecuritiesDue2045Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_019c5283-d865-7a2c-b554-88c3890621ca_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Within 1 year &#163;m</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_019c5283-d865-74c3-acdf-70aea9c91433_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Not later than 1 year</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UndiscountedFutureCashFlowBasisMember_019c5283-da11-7ea7-85a9-ccd41a38aeef_terseLabel_en-US" xlink:label="lab_lyg_UndiscountedFutureCashFlowBasisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Undiscounted future cash flow basis</link:label>
    <link:label id="lab_lyg_UndiscountedFutureCashFlowBasisMember_label_en-US" xlink:label="lab_lyg_UndiscountedFutureCashFlowBasisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Undiscounted Future Cash Flow Basis [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UndiscountedFutureCashFlowBasisMember" xlink:href="lyg-20251231.xsd#lyg_UndiscountedFutureCashFlowBasisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UndiscountedFutureCashFlowBasisMember" xlink:to="lab_lyg_UndiscountedFutureCashFlowBasisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EquityAndVentureCapitalInvestments_019c5283-d974-7c76-a4d4-63754ce6a30d_terseLabel_en-US" xlink:label="lab_lyg_EquityAndVentureCapitalInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity and venture capital investments</link:label>
    <link:label id="lab_lyg_EquityAndVentureCapitalInvestments_label_en-US" xlink:label="lab_lyg_EquityAndVentureCapitalInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EquityAndVentureCapitalInvestments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquityAndVentureCapitalInvestments" xlink:href="lyg-20251231.xsd#lyg_EquityAndVentureCapitalInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquityAndVentureCapitalInvestments" xlink:to="lab_lyg_EquityAndVentureCapitalInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingLeaseDepreciation_019c5283-d7c1-7253-b2c6-f479960569de_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-20251231.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_019c5283-da98-7f8b-a3d9-a781431c11f6_verboseLabel_en-US" xlink:label="lab_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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:loc xlink:type="locator" xlink:label="loc_lyg_LoanCommitmentsAndFinancialGuaranteesMember" xlink:href="lyg-20251231.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_FeeAndCommissionIncome_019c5283-da98-7154-aa10-153a0a1579e2_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_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_DistributionsOfProfitLossOtherEquityInstruments_019c5283-d8e9-7b37-9021-a83ae952dc26_negatedTerseLabel_en-US" xlink:label="lab_lyg_DistributionsOfProfitLossOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Distributions on other equity instruments</link:label>
    <link:label id="lab_lyg_DistributionsOfProfitLossOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_DistributionsOfProfitLossOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distributions Of Profit (Loss), Other Equity Instruments</link:label>
    <link:label id="lab_lyg_DistributionsOfProfitLossOtherEquityInstruments_documentation_en-US" xlink:label="lab_lyg_DistributionsOfProfitLossOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Distributions Of Profit (Loss), Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DistributionsOfProfitLossOtherEquityInstruments" xlink:href="lyg-20251231.xsd#lyg_DistributionsOfProfitLossOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DistributionsOfProfitLossOtherEquityInstruments" xlink:to="lab_lyg_DistributionsOfProfitLossOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UndatedSubordinatedLiabilitiesMember_019c5283-d865-75b5-bf9f-c0b3e3362651_terseLabel_en-US" xlink:label="lab_lyg_UndatedSubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Undated &#163;m</link:label>
    <link:label id="lab_lyg_UndatedSubordinatedLiabilitiesMember_label_en-US" xlink:label="lab_lyg_UndatedSubordinatedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Undated Subordinated Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UndatedSubordinatedLiabilitiesMember" xlink:href="lyg-20251231.xsd#lyg_UndatedSubordinatedLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UndatedSubordinatedLiabilitiesMember" xlink:to="lab_lyg_UndatedSubordinatedLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_019c5283-da98-70bc-81e6-005ef75ace42_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_AuditorsRemuneration_019c5283-d8e9-7c6f-b7f1-8915e8e61840_totalLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total fees payable to the Company&#8217;s auditors by the Group</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemuneration_019c5283-d8e9-7019-a541-7781acb62737_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditors' remuneration</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemuneration_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemuneration" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemuneration"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemuneration" xlink:to="lab_ifrs-full_AuditorsRemuneration" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_019c5283-d865-7272-bf14-bbaab9de57e1_verboseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment &#163;m</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_019c5283-d7c1-74c0-8424-306d6a35bed6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_019c5283-d8e9-7847-a89b-b2647a93752e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfValuationDomain_019c5283-d865-7bb6-9e10-ca700f931bd1_terseLabel_en-US" xlink:label="lab_lyg_TypeOfValuationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of valuation [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfValuationDomain_label_en-US" xlink:label="lab_lyg_TypeOfValuationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfValuation [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfValuationDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfValuationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfValuationDomain" xlink:to="lab_lyg_TypeOfValuationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_019c5283-d865-79a5-b9ee-36e7c932a8ed_terseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments of lease liabilities, classified as financing activities</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of lease liabilities, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentReportingYearMember_019c5283-da98-7b69-8d25-59bbe119c57f_terseLabel_en-US" xlink:label="lab_lyg_CurrentReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2025 %</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-20251231.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_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember_019c5283-da12-7c58-b746-3401af51440a_terseLabel_en-US" xlink:label="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember_019c5283-da12-7a8d-a336-4735776d2a67_verboseLabel_en-US" xlink:label="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other Retail</link:label>
    <link:label id="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember_label_en-US" xlink:label="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Loans, Overdrafts, Motor Finance and Other Retail [Member]</link:label>
    <link:label id="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember_documentation_en-US" xlink:label="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecured Loans, Overdrafts, Motor Finance and Other Retail</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:href="lyg-20251231.xsd#lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:to="lab_lyg_UnsecuredLoansOverdraftsMotorFinanceAndOtherRetailMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RateVariableDomain_019c5283-d865-725c-8688-a5d3018c4c76_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-20251231.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_019c5283-d974-711d-93a9-ed9004b61722_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of impairment loss and reversal of impairment loss [abstract]</link:label>
    <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_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset_019c5283-d8e9-72e9-806d-0680091427d3_terseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlements</link:label>
    <link:label id="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" 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 payments in respect of settlements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy_019c5283-da11-7cbb-83bd-29ce578e5dce_terseLabel_en-US" xlink:label="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedged percent of exposure to increases in life expectancy (in percent)</link:label>
    <link:label id="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy_label_en-US" xlink:label="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedged Percent Of Defined Benefit Scheme Exposure To Increases Life Expectancy</link:label>
    <link:label id="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy_documentation_en-US" xlink:label="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hedged Percent Of Defined Benefit Scheme Exposure To Increases Life Expectancy</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy" xlink:href="lyg-20251231.xsd#lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy" xlink:to="lab_lyg_HedgedPercentOfDefinedBenefitSchemeExposureToIncreasesLifeExpectancy" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ResidualValueImpairmentAndVoluntaryTerminationsMember_019c5283-d974-785b-8af6-fb8116fb1b3f_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-20251231.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_lyg_TwentyYearsMember_019c5283-da98-7563-b2e9-2be725f2595b_terseLabel_en-US" xlink:label="lab_lyg_TwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">20 year</link:label>
    <link:label id="lab_lyg_TwentyYearsMember_label_en-US" xlink:label="lab_lyg_TwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Twenty Years [Member]</link:label>
    <link:label id="lab_lyg_TwentyYearsMember_documentation_en-US" xlink:label="lab_lyg_TwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Twenty Years</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TwentyYearsMember" xlink:href="lyg-20251231.xsd#lyg_TwentyYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TwentyYearsMember" xlink:to="lab_lyg_TwentyYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable_019c5283-d8e9-7d76-bb5b-32bf25870b47_terseLabel_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Tables) [Table]</link:label>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable_label_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Tables) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable" xlink:href="lyg-20251231.xsd#lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable" xlink:to="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSTablesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_019c5283-da11-74d5-b369-6efd472b1874_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MortgagesMember_019c5283-d975-72fc-9069-204e94a00133_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">Retail &#8211; UK mortgages</link:label>
    <link:label id="lab_ifrs-full_MortgagesMember_019c5283-d975-72b8-9ce6-f9c0c96585ca_verboseLabel_en-US" xlink:label="lab_ifrs-full_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MortgagesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MortgagesMember"/>
    <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_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019c5283-d8e9-719e-9879-a20f6b9ed4f1_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net gains (losses) on financial instruments held for trading</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial liabilities at fair value through profit or loss, classified as held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ConsumerLoansMember_019c5283-d8e9-7aaa-8277-30b0c0b1501b_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">Total 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsumerLoansMember" xlink:to="lab_ifrs-full_ConsumerLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FloatingInterestRateMember_019c5283-da11-764f-8b8b-5863673139f3_terseLabel_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Index-linked government bonds</link:label>
    <link:label id="lab_ifrs-full_FloatingInterestRateMember_label_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FloatingInterestRateMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FloatingInterestRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FloatingInterestRateMember" xlink:to="lab_ifrs-full_FloatingInterestRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_019c5283-d865-74f2-8f61-dffae169386b_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">Repayment of subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_019c5283-d865-7496-b98b-989247b84801_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">Repayment of subordinated liabilities</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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:to="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_019c5283-d865-72df-b1eb-a19f43095d7d_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity instruments</link:label>
    <link:label id="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity instruments, amount contributed to fair value of plan assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets"/>
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    <link:label id="lab_lyg_LessThanSixtyPercentMember_019c5283-d974-7a9d-8497-a23963c60c2e_terseLabel_en-US" xlink:label="lab_lyg_LessThanSixtyPercentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less than 60%</link:label>
    <link:label id="lab_lyg_LessThanSixtyPercentMember_label_en-US" xlink:label="lab_lyg_LessThanSixtyPercentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Less Than Sixty Percent [Member]</link:label>
    <link:label id="lab_lyg_LessThanSixtyPercentMember_documentation_en-US" xlink:label="lab_lyg_LessThanSixtyPercentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Less Than Sixty Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LessThanSixtyPercentMember" xlink:href="lyg-20251231.xsd#lyg_LessThanSixtyPercentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LessThanSixtyPercentMember" xlink:to="lab_lyg_LessThanSixtyPercentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChangeInEquityMember_019c5283-d7c1-78d3-b30e-b98c061cf048_terseLabel_en-US" xlink:label="lab_lyg_ChangeInEquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_lyg_ChangeInEquityMember_label_en-US" xlink:label="lab_lyg_ChangeInEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in Equity [Member]</link:label>
    <link:label id="lab_lyg_ChangeInEquityMember_documentation_en-US" xlink:label="lab_lyg_ChangeInEquityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangeInEquityMember" xlink:href="lyg-20251231.xsd#lyg_ChangeInEquityMember"/>
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    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable_019c5283-d974-7df4-8e96-dfaa0bffa1f8_terseLabel_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Table]</link:label>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable_label_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable" xlink:href="lyg-20251231.xsd#lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable" xlink:to="lab_lyg_SEGMENTALANALYSISDetailsScheduleofOperatingSegmentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_019c5283-da11-7911-9bff-6ad822348507_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other financial assets mandatorily held at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" 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, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ReverseRepurchaseAgreementsMember_019c5283-d974-7927-ac1e-6219d0de2496_terseLabel_en-US" xlink:label="lab_lyg_ReverseRepurchaseAgreementsMember" 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_lyg_ReverseRepurchaseAgreementsMember_label_en-US" xlink:label="lab_lyg_ReverseRepurchaseAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Repurchase Agreements [Member]</link:label>
    <link:label id="lab_lyg_ReverseRepurchaseAgreementsMember_documentation_en-US" xlink:label="lab_lyg_ReverseRepurchaseAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Repurchase Agreements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ReverseRepurchaseAgreementsMember" xlink:href="lyg-20251231.xsd#lyg_ReverseRepurchaseAgreementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ReverseRepurchaseAgreementsMember" xlink:to="lab_lyg_ReverseRepurchaseAgreementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMSGrade1Member_019c5283-d8e9-7b29-b3c8-29a08268b7d5_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1</link:label>
    <link:label id="lab_lyg_RMSGrade1Member_label_en-US" xlink:label="lab_lyg_RMSGrade1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 1 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade1Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade1Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade1Member" xlink:to="lab_lyg_RMSGrade1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset_019c5283-d974-7cf1-a252-8c1807315f1d_negatedTotalLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total change in profit or loss</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset_019c5283-d974-70b4-950a-2c8291381cbe_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Total change in profit or loss</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Change In Profit Or Loss, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Change In Profit Or Loss, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:to="lab_lyg_IncreaseDecreaseThroughChangeInProfitOrLossInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember_019c5283-d974-7b8d-b839-97314ed81b9b_terseLabel_en-US" xlink:label="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank and building society certificates of deposit</link:label>
    <link:label id="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember_label_en-US" xlink:label="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank And Building Society Certificates of Deposit [Member]</link:label>
    <link:label id="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember_documentation_en-US" xlink:label="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank And Building Society Certificates of Deposit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BankAndBuildingSocietyCertificatesOfDepositMember" xlink:href="lyg-20251231.xsd#lyg_BankAndBuildingSocietyCertificatesOfDepositMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_BankAndBuildingSocietyCertificatesOfDepositMember" xlink:to="lab_lyg_BankAndBuildingSocietyCertificatesOfDepositMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherCreditorsAndAccruals_019c5283-da11-7c55-aa29-894559692ce7_terseLabel_en-US" xlink:label="lab_lyg_OtherCreditorsAndAccruals" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other creditors and accruals</link:label>
    <link:label id="lab_lyg_OtherCreditorsAndAccruals_label_en-US" xlink:label="lab_lyg_OtherCreditorsAndAccruals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Creditors And Accruals</link:label>
    <link:label id="lab_lyg_OtherCreditorsAndAccruals_documentation_en-US" xlink:label="lab_lyg_OtherCreditorsAndAccruals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other creditors and accruals</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherCreditorsAndAccruals" xlink:href="lyg-20251231.xsd#lyg_OtherCreditorsAndAccruals"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherCreditorsAndAccruals" xlink:to="lab_lyg_OtherCreditorsAndAccruals" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeldAbstract_019c5283-d974-7230-808f-a9288b49ef63_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeldAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instruments</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeldAbstract_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeldAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments held [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsHeldAbstract" xlink:to="lab_ifrs-full_DebtInstrumentsHeldAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset_019c5283-da98-77e0-8e6e-00626a20d4a0_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Insurance revenue</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_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember_019c5283-d974-7875-9500-6d1dffe837f2_terseLabel_en-US" xlink:label="lab_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audits of the unconsolidated Open-Ended Investment Companies managed by the Group</link:label>
    <link:label id="lab_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember_label_en-US" xlink:label="lab_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audits Of The Unconsolidated Open Ended Investment Companies Managed By The Group [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember" xlink:href="lyg-20251231.xsd#lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember" xlink:to="lab_lyg_AuditsOfTheUnconsolidatedOpenEndedInvestmentCompaniesManagedByTheGroupMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2003Member_019c5283-d8e9-795b-970b-288bbe3e81aa_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2003Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Executive Option Plans</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2003Member_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2003Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Executive Share Plan 2003 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupExecutiveSharePlan2003Member" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupExecutiveSharePlan2003Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupExecutiveSharePlan2003Member" xlink:to="lab_lyg_LloydsBankingGroupExecutiveSharePlan2003Member" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorFirmId_019c5283-d8e9-7f4f-b0b7-01c933f4269b_terseLabel_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor firm ID</link:label>
    <link:label id="lab_dei_AuditorFirmId_label_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorFirmId"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorFirmId" xlink:to="lab_dei_AuditorFirmId" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax_019c5283-d865-73a2-a724-20940dc627e0_terseLabel_en-US" xlink:label="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount rates post tax</link:label>
    <link:label id="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax_label_en-US" xlink:label="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Discount Rates Applied To Cash Flow Projections Post Tax</link:label>
    <link:label id="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax_documentation_en-US" xlink:label="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Discount Rates Applied To Cash Flow Projections Post Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax" xlink:href="lyg-20251231.xsd#lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax" xlink:to="lab_lyg_DescriptionOfDiscountRatesAppliedToCashFlowProjectionsPostTax" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock_019c5283-d974-70b9-affe-271d8cf9b647_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Other Equity Instruments</link:label>
    <link:label id="lab_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfOtherEquityInstruments [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock" xlink:to="lab_lyg_DisclosureOfOtherEquityInstrumentsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TransitionRiskMember_019c5283-da11-7445-bf46-f65b96b50a47_terseLabel_en-US" xlink:label="lab_lyg_TransitionRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transition risk</link:label>
    <link:label id="lab_lyg_TransitionRiskMember_label_en-US" xlink:label="lab_lyg_TransitionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transition Risk [Member]</link:label>
    <link:label id="lab_lyg_TransitionRiskMember_documentation_en-US" xlink:label="lab_lyg_TransitionRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transition Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransitionRiskMember" xlink:href="lyg-20251231.xsd#lyg_TransitionRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TransitionRiskMember" xlink:to="lab_lyg_TransitionRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfProgramDomain_019c5283-d865-7a92-82c6-8162c8dbf839_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">TypeOfProgram [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfProgramDomain" xlink:href="lyg-20251231.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_019c5283-d7c1-7915-a7db-017a26b1e925_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 2026 %</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-20251231.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_lyg_OneYearAfterReportingYearMember_019c5283-da98-7c59-979e-1d286006d939_terseLabel_en-US" xlink:label="lab_lyg_OneYearAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2026 %</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-20251231.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_MarketExposureAxis_019c5283-d7c1-7ac5-8bd2-c0060f3334e2_terseLabel_en-US" xlink:label="lab_lyg_MarketExposureAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other market exposure</link:label>
    <link:label id="lab_lyg_MarketExposureAxis_label_en-US" xlink:label="lab_lyg_MarketExposureAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Exposure [Axis]</link:label>
    <link:label id="lab_lyg_MarketExposureAxis_documentation_en-US" xlink:label="lab_lyg_MarketExposureAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Exposure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MarketExposureAxis" xlink:href="lyg-20251231.xsd#lyg_MarketExposureAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MarketExposureAxis" xlink:to="lab_lyg_MarketExposureAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossOfAcquiree_019c5283-da11-7c71-9ae4-388b08fb07ea_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossOfAcquiree" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) of acquiree since acquisition date</link:label>
    <link:label id="lab_ifrs-full_ProfitLossOfAcquiree_label_en-US" xlink:label="lab_ifrs-full_ProfitLossOfAcquiree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) of acquiree since acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossOfAcquiree" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossOfAcquiree"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossOfAcquiree" xlink:to="lab_ifrs-full_ProfitLossOfAcquiree" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_019c5283-d865-7f0a-9b99-89a9912412e2_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Insurance acquisition cash flows</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance acquisition cash flows, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CreditCardCashGeneratingUnitMember_019c5283-d865-761d-a82c-a2e1faf3c22d_terseLabel_en-US" xlink:label="lab_lyg_CreditCardCashGeneratingUnitMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Card Cash Generating Unit</link:label>
    <link:label id="lab_lyg_CreditCardCashGeneratingUnitMember_label_en-US" xlink:label="lab_lyg_CreditCardCashGeneratingUnitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Card Cash Generating Unit [Member]</link:label>
    <link:label id="lab_lyg_CreditCardCashGeneratingUnitMember_documentation_en-US" xlink:label="lab_lyg_CreditCardCashGeneratingUnitMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit Card Cash Generating Unit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditCardCashGeneratingUnitMember" xlink:href="lyg-20251231.xsd#lyg_CreditCardCashGeneratingUnitMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditCardCashGeneratingUnitMember" xlink:to="lab_lyg_CreditCardCashGeneratingUnitMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinancialAssetsExcludingDerivativesMember_019c5283-da11-7b03-b932-c6da5f2840e6_terseLabel_en-US" xlink:label="lab_lyg_FinancialAssetsExcludingDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial assets (excluding derivatives) at fair value</link:label>
    <link:label id="lab_lyg_FinancialAssetsExcludingDerivativesMember_label_en-US" xlink:label="lab_lyg_FinancialAssetsExcludingDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets Excluding Derivatives [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialAssetsExcludingDerivativesMember" xlink:href="lyg-20251231.xsd#lyg_FinancialAssetsExcludingDerivativesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialAssetsExcludingDerivativesMember" xlink:to="lab_lyg_FinancialAssetsExcludingDerivativesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CommercialBankingAndTreasuryFeesMember_019c5283-da98-78e9-accc-b2782bef980f_terseLabel_en-US" xlink:label="lab_lyg_CommercialBankingAndTreasuryFeesMember" 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_CommercialBankingAndTreasuryFeesMember_label_en-US" xlink:label="lab_lyg_CommercialBankingAndTreasuryFeesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Banking And Treasury Fees [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingAndTreasuryFeesMember" xlink:href="lyg-20251231.xsd#lyg_CommercialBankingAndTreasuryFeesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialBankingAndTreasuryFeesMember" xlink:to="lab_lyg_CommercialBankingAndTreasuryFeesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_019c5283-d865-7342-b3f3-5d40168e5c37_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" 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_DisclosureOfOtherAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset_019c5283-d8e9-7f11-b08f-a72adfc4b385_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Changes in estimates that result in losses and reversal of losses on onerous contracts</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Changes In Estimates That Result In Losses And Reversal Of Losses On Onerous Contracts, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Changes In Estimates That Result In Losses And Reversal Of Losses On Onerous Contracts, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset" xlink:to="lab_lyg_IncreaseDecreaseThroughChangesInEstimatesThatResultInLossesAndReversalOfLossesOnOnerousContractsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MaximumExposureMember_019c5283-d7c1-74d5-871a-fd7e6c5b53f2_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-20251231.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_ifrs-full_DepositsFromBanks_019c5283-da98-7224-84b9-ae3e0127fbf4_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_lyg_DerivativeLiabilitiesMember_019c5283-da98-7246-927b-2d170ffd5776_terseLabel_en-US" xlink:label="lab_lyg_DerivativeLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative liabilities &#163;m</link:label>
    <link:label id="lab_lyg_DerivativeLiabilitiesMember_label_en-US" xlink:label="lab_lyg_DerivativeLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeLiabilitiesMember" xlink:href="lyg-20251231.xsd#lyg_DerivativeLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeLiabilitiesMember" xlink:to="lab_lyg_DerivativeLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinancialInstrument1Domain_019c5283-d7c1-7255-a06f-1cfafa9c18f5_terseLabel_en-US" xlink:label="lab_lyg_FinancialInstrument1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instrument1 [Domain]</link:label>
    <link:label id="lab_lyg_FinancialInstrument1Domain_label_en-US" xlink:label="lab_lyg_FinancialInstrument1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instrument1 [Domain]</link:label>
    <link:label id="lab_lyg_FinancialInstrument1Domain_documentation_en-US" xlink:label="lab_lyg_FinancialInstrument1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instrument1 [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialInstrument1Domain" xlink:href="lyg-20251231.xsd#lyg_FinancialInstrument1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialInstrument1Domain" xlink:to="lab_lyg_FinancialInstrument1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepositsFromCustomers_019c5283-d975-7b95-b253-82b0679051f8_verboseLabel_en-US" xlink:label="lab_ifrs-full_DepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Customer deposits</link:label>
    <link:label id="lab_ifrs-full_DepositsFromCustomers_019c5283-d975-77c8-a0dc-478106c5dbf6_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_lyg_UnfavourableChangesMember_019c5283-d865-7639-ae30-3b0d0dc3f41c_terseLabel_en-US" xlink:label="lab_lyg_UnfavourableChangesMember" 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_lyg_UnfavourableChangesMember_label_en-US" xlink:label="lab_lyg_UnfavourableChangesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unfavourable Changes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnfavourableChangesMember" xlink:href="lyg-20251231.xsd#lyg_UnfavourableChangesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnfavourableChangesMember" xlink:to="lab_lyg_UnfavourableChangesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain_019c5283-d865-75cd-b039-c1005cd69c17_terseLabel_en-US" xlink:label="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of measurement of expected credit losses [domain]</link:label>
    <link:label id="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain_label_en-US" xlink:label="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of measurement of expected credit losses [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:to="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_019c5283-da11-7e78-b22e-236e9f752516_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_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_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_019c5283-da11-78c1-8035-c6b7c9f30175_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment:</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment including right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019c5283-d8e9-7b63-893a-6b8ebb9f8003_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net position</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019c5283-d8e9-7886-8429-96e586389aba_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">Level 3 financial liabilities carried at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019c5283-d8e9-7c43-9579-166a6754f806_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Level 3 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_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems_019c5283-d865-791f-ba91-964ce9ed7c7e_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Share Options Outstanding [Line Items]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Share Options Outstanding [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_019c5283-d865-74bb-b11e-1daa1ddabccb_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_019c5283-d865-7a23-b42d-29b63263a27b_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1 to 5 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContinuingOperationsMember_019c5283-d8e9-7acb-9b19-645f28383ff3_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_lyg_SourceOfEstimationUncertaintyAxis_019c5283-d7c1-7094-9fe5-ac12b3471153_terseLabel_en-US" xlink:label="lab_lyg_SourceOfEstimationUncertaintyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Key sources of estimation uncertainty</link:label>
    <link:label id="lab_lyg_SourceOfEstimationUncertaintyAxis_label_en-US" xlink:label="lab_lyg_SourceOfEstimationUncertaintyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Source of Estimation Uncertainty [Axis]</link:label>
    <link:label id="lab_lyg_SourceOfEstimationUncertaintyAxis_documentation_en-US" xlink:label="lab_lyg_SourceOfEstimationUncertaintyAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Source of Estimation Uncertainty</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SourceOfEstimationUncertaintyAxis" xlink:href="lyg-20251231.xsd#lyg_SourceOfEstimationUncertaintyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SourceOfEstimationUncertaintyAxis" xlink:to="lab_lyg_SourceOfEstimationUncertaintyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TopOfRangeMember_019c5283-d8e9-743c-b804-52cfa145238f_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">Top of range</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_DeferredTaxAssetDurationDomain_019c5283-d865-7f84-9736-e9715d144548_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetDurationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax asset duration [Domain]</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetDurationDomain_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetDurationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DeferredTaxAssetDuration [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetDurationDomain" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetDurationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxAssetDurationDomain" xlink:to="lab_lyg_DeferredTaxAssetDurationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_StatementScenarioAxis_019c5283-d974-7878-9078-6e877a7d868f_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_DisclosureOfOtherLiabilitiesAbstract_019c5283-da98-7e5b-9bbd-24d7414a0c76_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of other liabilities [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfOtherLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfOtherLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOtherLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOtherLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOtherLiabilitiesAbstract" xlink:to="lab_lyg_DisclosureOfOtherLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementVestingRate_019c5283-da98-7b78-8b0c-92a097a7638f_terseLabel_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementVestingRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share based payment arrangement, vesting rate</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementVestingRate_label_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementVestingRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Payment Arrangement, Vesting Rate</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementVestingRate_documentation_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementVestingRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Based Payment Arrangement, Vesting Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBasedPaymentArrangementVestingRate" xlink:href="lyg-20251231.xsd#lyg_ShareBasedPaymentArrangementVestingRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareBasedPaymentArrangementVestingRate" xlink:to="lab_lyg_ShareBasedPaymentArrangementVestingRate" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RetailSegmentConsumerLendingMember_019c5283-d8e9-73ca-82ae-226edffe7a17_terseLabel_en-US" xlink:label="lab_lyg_RetailSegmentConsumerLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consumer lending</link:label>
    <link:label id="lab_lyg_RetailSegmentConsumerLendingMember_label_en-US" xlink:label="lab_lyg_RetailSegmentConsumerLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail Segment - Consumer Lending [Member]</link:label>
    <link:label id="lab_lyg_RetailSegmentConsumerLendingMember_documentation_en-US" xlink:label="lab_lyg_RetailSegmentConsumerLendingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail Segment - Consumer Lending</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailSegmentConsumerLendingMember" xlink:href="lyg-20251231.xsd#lyg_RetailSegmentConsumerLendingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RetailSegmentConsumerLendingMember" xlink:to="lab_lyg_RetailSegmentConsumerLendingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_019c5283-da11-741b-af9d-fd718c9e5393_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectOfTaxLosses" xlink:to="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory_019c5283-da11-7381-9cd1-51d5c9e5485b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Amount, Timing and Uncertainty of Future Cash Flows</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019c5283-da98-764f-b437-237bd9c5c8e3_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">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019c5283-da98-7971-83d1-fe1be2699fe2_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss_019c5283-d974-7d0a-acef-c4f238a08b3f_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase/(decrease) n probability-weighted expected credit loss</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase/(Decrease) In Probability-Weighted Expected Credit Loss</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase/(Decrease) In Probability-Weighted Expected Credit Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss" xlink:to="lab_lyg_IncreaseDecreaseInProbabilityWeightedExpectedCreditLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A11751760003369SubordinatedNotesDue2046Member_019c5283-d974-7e90-80f3-728bd63ac176_terseLabel_en-US" xlink:label="lab_lyg_A11751760003369SubordinatedNotesDue2046Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,175,176,000 3.369% Subordinated Notes due 2046</link:label>
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    <link:label id="lab_lyg_A11751760003369SubordinatedNotesDue2046Member_documentation_en-US" xlink:label="lab_lyg_A11751760003369SubordinatedNotesDue2046Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,175,176,000 3.369% Subordinated Notes due 2046</link:label>
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    <link:label id="lab_lyg_RMSGrade4Member_019c5283-d865-771b-8d12-77e968376962_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade4Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4</link:label>
    <link:label id="lab_lyg_RMSGrade4Member_label_en-US" xlink:label="lab_lyg_RMSGrade4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 4 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade4Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade4Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 4</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade4Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade4Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade4Member" xlink:to="lab_lyg_RMSGrade4Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_019c5283-d974-725b-8be3-35baea7207a8_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, before tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2028Member_019c5283-d974-77c3-9459-fd22ee5dff68_terseLabel_en-US" xlink:label="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$300,000,000 Senior Callable Floating Rate Notes due 2028</link:label>
    <link:label id="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2028Member_label_en-US" xlink:label="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$300,000,000 Senior Callable Floating Rate Notes due 2028 [Member]</link:label>
    <link:label id="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2028Member_documentation_en-US" xlink:label="lab_lyg_A300000000SeniorCallableFloatingRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$300,000,000 Senior Callable Floating Rate Notes due 2028</link:label>
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    <link:label id="lab_lyg_UnsecuredLoansAndOverdraftsMember_019c5283-da98-7621-a0da-c4ac5d7521ec_terseLabel_en-US" xlink:label="lab_lyg_UnsecuredLoansAndOverdraftsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail &#8211; UK unsecured loans and overdrafts</link:label>
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    <link:label id="lab_lyg_UnsecuredLoansAndOverdraftsMember_documentation_en-US" xlink:label="lab_lyg_UnsecuredLoansAndOverdraftsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecured Loans And Overdrafts</link:label>
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    <link:label id="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_019c5283-da11-7cc4-9b95-e302b7939da3_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>
    <link:label id="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax effect of revenues exempt from taxation</link:label>
    <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_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"/>
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    <link:label id="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleOfDebtSecuritiesInIssueLineItems_label_en-US" xlink:label="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleOfDebtSecuritiesInIssueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEBTSECURITIESINISSUEDetailsScheduleOfDebtSecuritiesInIssueLineItems" xlink:href="lyg-20251231.xsd#lyg_DEBTSECURITIESINISSUEDetailsScheduleOfDebtSecuritiesInIssueLineItems"/>
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    <link:label id="lab_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty_019c5283-d974-7fe8-89c4-d8eb2493f33a_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>
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    <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"/>
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    <link:label id="lab_ifrs-full_GovernmentDebtInstrumentsHeld_019c5283-d8e9-7980-aa72-cbe45ef9d449_terseLabel_en-US" xlink:label="lab_ifrs-full_GovernmentDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government securities</link:label>
    <link:label id="lab_ifrs-full_GovernmentDebtInstrumentsHeld_label_en-US" xlink:label="lab_ifrs-full_GovernmentDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government debt instruments held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GovernmentDebtInstrumentsHeld" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GovernmentDebtInstrumentsHeld"/>
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    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupTable_019c5283-da11-736c-8066-5e3c48925c72_terseLabel_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Table]</link:label>
    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupTable_label_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupTable" xlink:href="lyg-20251231.xsd#lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupTable"/>
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    <link:label id="lab_ifrs-full_DefinedBenefitObligationAtPresentValue_019c5283-d8e9-7c65-ac9a-11c00d8a9301_negatedLabel_en-US" xlink:label="lab_ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Defined benefit obligation</link:label>
    <link:label id="lab_ifrs-full_DefinedBenefitObligationAtPresentValue_label_en-US" xlink:label="lab_ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit obligation, at present value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitObligationAtPresentValue"/>
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    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019c5283-da11-75bf-ac6e-8099124e5cb7_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">Impairment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019c5283-da11-7cd7-969e-6beca0f37314_verboseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Charge (credit) to the income statement</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019c5283-da11-7b5d-a5af-8a11730dff55_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">Underlying impairment (charge) credit</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019c5283-da11-7544-99ab-e8facd1e5486_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">Allowance for loan losses</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"/>
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    <link:label id="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureTable_019c5283-d974-720c-9eb5-db3af060a10e_terseLabel_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Table]</link:label>
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    <link:label id="lab_lyg_ClassOfClaimsAndSurrendersAxis_label_en-US" xlink:label="lab_lyg_ClassOfClaimsAndSurrendersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class Of Claims And Surrenders [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ClassOfClaimsAndSurrendersAxis" xlink:href="lyg-20251231.xsd#lyg_ClassOfClaimsAndSurrendersAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ClassOfClaimsAndSurrendersAxis" xlink:to="lab_lyg_ClassOfClaimsAndSurrendersAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChangeInDebtSecuritiesInIssue_019c5283-da98-777f-af08-290ce420167a_terseLabel_en-US" xlink:label="lab_lyg_ChangeInDebtSecuritiesInIssue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in debt securities in issue at amortised cost</link:label>
    <link:label id="lab_lyg_ChangeInDebtSecuritiesInIssue_label_en-US" xlink:label="lab_lyg_ChangeInDebtSecuritiesInIssue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ChangeInDebtSecuritiesInIssue</link:label>
    <link:label id="lab_lyg_ChangeInDebtSecuritiesInIssue_documentation_en-US" xlink:label="lab_lyg_ChangeInDebtSecuritiesInIssue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in debt securities in issue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangeInDebtSecuritiesInIssue" xlink:href="lyg-20251231.xsd#lyg_ChangeInDebtSecuritiesInIssue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChangeInDebtSecuritiesInIssue" xlink:to="lab_lyg_ChangeInDebtSecuritiesInIssue" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems_019c5283-d865-716c-a798-8df80a2ad72c_terseLabel_en-US" xlink:label="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NET FEE AND COMMISSION INCOME (Details) - Narrative [Line Items]</link:label>
    <link:label id="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems_label_en-US" xlink:label="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET FEE AND COMMISSION INCOME (Details) [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems" xlink:href="lyg-20251231.xsd#lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems" xlink:to="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PensionsAndInvestmentsMember_019c5283-da12-7e8c-a96b-118fddf86608_terseLabel_en-US" xlink:label="lab_lyg_PensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pensions and investments</link:label>
    <link:label id="lab_lyg_PensionsAndInvestmentsMember_label_en-US" xlink:label="lab_lyg_PensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pensions And Investments [Member]</link:label>
    <link:label id="lab_lyg_PensionsAndInvestmentsMember_documentation_en-US" xlink:label="lab_lyg_PensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pensions And Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PensionsAndInvestmentsMember" xlink:href="lyg-20251231.xsd#lyg_PensionsAndInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PensionsAndInvestmentsMember" xlink:to="lab_lyg_PensionsAndInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_019c5283-d865-77f7-b5a9-6e0d15ca751d_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 income (loss) for the year, 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_lyg_CommonEquityTier1Capital_019c5283-da98-77d2-a518-3a5b5c4fec27_terseLabel_en-US" xlink:label="lab_lyg_CommonEquityTier1Capital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common equity tier 1 capital</link:label>
    <link:label id="lab_lyg_CommonEquityTier1Capital_label_en-US" xlink:label="lab_lyg_CommonEquityTier1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Equity Tier 1 Capital</link:label>
    <link:label id="lab_lyg_CommonEquityTier1Capital_documentation_en-US" xlink:label="lab_lyg_CommonEquityTier1Capital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Common Equity Tier 1 Capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommonEquityTier1Capital" xlink:href="lyg-20251231.xsd#lyg_CommonEquityTier1Capital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommonEquityTier1Capital" xlink:to="lab_lyg_CommonEquityTier1Capital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_019c5283-d974-79ec-b302-a409a12d6dcc_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:to="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherIncomeNetOfNetFinanceIncomeInRespectOfInsuranceAndInvestmentContracts_019c5283-da11-798d-9998-d7b5f9c724de_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_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-20251231.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_CashCollateralReceivedMember_019c5283-d7c1-7880-91a3-edaad54fde04_terseLabel_en-US" xlink:label="lab_lyg_CashCollateralReceivedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash collateral received &#163;bn</link:label>
    <link:label id="lab_lyg_CashCollateralReceivedMember_label_en-US" xlink:label="lab_lyg_CashCollateralReceivedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Collateral Received [Member]</link:label>
    <link:label id="lab_lyg_CashCollateralReceivedMember_documentation_en-US" xlink:label="lab_lyg_CashCollateralReceivedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Collateral Received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CashCollateralReceivedMember" xlink:href="lyg-20251231.xsd#lyg_CashCollateralReceivedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CashCollateralReceivedMember" xlink:to="lab_lyg_CashCollateralReceivedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ValuationAllowanceByDeferredTaxAsset1Axis_019c5283-d974-7b88-a16c-f0ebb9705ab8_terseLabel_en-US" xlink:label="lab_lyg_ValuationAllowanceByDeferredTaxAsset1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation allowance by deferred tax asset [Axis]</link:label>
    <link:label id="lab_lyg_ValuationAllowanceByDeferredTaxAsset1Axis_label_en-US" xlink:label="lab_lyg_ValuationAllowanceByDeferredTaxAsset1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowance By Deferred Tax Asset1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ValuationAllowanceByDeferredTaxAsset1Axis" xlink:href="lyg-20251231.xsd#lyg_ValuationAllowanceByDeferredTaxAsset1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ValuationAllowanceByDeferredTaxAsset1Axis" xlink:to="lab_lyg_ValuationAllowanceByDeferredTaxAsset1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_019c5283-d974-7830-ab05-ff1f16769e92_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [Axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1_019c5283-da98-7882-b392-3cbe27859035_terseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in customer deposits</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1_label_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Deposits From Customers1</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1_documentation_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Deposits From Customers1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1" xlink:to="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers1" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScenarioForecastMember_019c5283-d8e9-709f-ab4d-488d226bbab9_terseLabel_en-US" xlink:label="lab_srt_ScenarioForecastMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forecast</link:label>
    <link:label id="lab_srt_ScenarioForecastMember_label_en-US" xlink:label="lab_srt_ScenarioForecastMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forecast [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScenarioForecastMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScenarioForecastMember" xlink:to="lab_srt_ScenarioForecastMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019c5283-d974-7e2e-8e5d-e82b31ec024f_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-20251231.xsd#lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:to="lab_lyg_ReclassificationAdjustmentsOnImpairmentOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_019c5283-d865-72a5-9ec8-cbe3f4104018_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember_019c5283-da11-7d62-90d6-348622641c50_terseLabel_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference shares, nominal value 25 Euro cents each</link:label>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember_label_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference Shares, Nominal Value 25 Euro Cents Each [Member]</link:label>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember_documentation_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preference Shares, Nominal Value 25 Euro Cents Each</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PreferenceSharesNominalValue25EuroCentsEachMember" xlink:href="lyg-20251231.xsd#lyg_PreferenceSharesNominalValue25EuroCentsEachMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PreferenceSharesNominalValue25EuroCentsEachMember" xlink:to="lab_lyg_PreferenceSharesNominalValue25EuroCentsEachMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PaidBetween35And45YearsMember_019c5283-da98-7039-bfb4-c8a99098e57c_terseLabel_en-US" xlink:label="lab_lyg_PaidBetween35And45YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 35 and 45 years</link:label>
    <link:label id="lab_lyg_PaidBetween35And45YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween35And45YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 35 And 45 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidBetween35And45YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidBetween35And45YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaidBetween35And45YearsMember" xlink:to="lab_lyg_PaidBetween35And45YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssueOfEquity_019c5283-d974-7512-8a36-d9348fb91a18_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_019c5283-d974-7729-8c51-0917d2b68804_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Issued during the year:</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_DisposalsAndRetirementsIntangibleAssetsAndGoodwill_019c5283-d974-7229-bd73-84a9893fec8f_negatedLabel_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposals and write-offs</link:label>
    <link:label id="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposals and retirements, intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChangeInOtherProvisions_019c5283-d8e9-7164-ad78-34ca6ddafd3e_negatedTerseLabel_en-US" xlink:label="lab_lyg_ChangeInOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other provision movements</link:label>
    <link:label id="lab_lyg_ChangeInOtherProvisions_label_en-US" xlink:label="lab_lyg_ChangeInOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Other Provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangeInOtherProvisions" xlink:href="lyg-20251231.xsd#lyg_ChangeInOtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChangeInOtherProvisions" xlink:to="lab_lyg_ChangeInOtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan_019c5283-d8e9-71ed-b629-c5dca8a4c0fc_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_019c5283-d8e9-7c6b-804d-524bcadeb70d_verboseLabel_en-US" xlink:label="lab_ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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_ifrs-full_InsuranceContractsIssuedMember_019c5283-d8e9-77b4-b7f1-86e0d0759ab2_verboseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from insurance and participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedMember_019c5283-d8e9-790d-8693-3f3e4eedb58a_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 and participating investment 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_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems_019c5283-d865-77ac-8d90-90b08e23cd2c_terseLabel_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the effects of hedge accounting [Line Items]</link:label>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems_label_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the effects of hedge accounting [Line Items]</link:label>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems_documentation_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the effects of hedge accounting [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems" xlink:href="lyg-20251231.xsd#lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems" xlink:to="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleOfTheEffectsOfHedgeAccountingLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateContract1Member_019c5283-d7c1-7235-8d5a-8e879fde102a_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-20251231.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_lyg_TypeOfPooledInvestmentVehicleAxis_019c5283-da11-7169-bc00-b731406d1da6_terseLabel_en-US" xlink:label="lab_lyg_TypeOfPooledInvestmentVehicleAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of pooled investment vehicle [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfPooledInvestmentVehicleAxis_label_en-US" xlink:label="lab_lyg_TypeOfPooledInvestmentVehicleAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Pooled Investment Vehicle [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfPooledInvestmentVehicleAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfPooledInvestmentVehicleAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfPooledInvestmentVehicleAxis" xlink:to="lab_lyg_TypeOfPooledInvestmentVehicleAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChargeToTheIncomeStatementAbstract_019c5283-da98-78b2-aa53-e53fc49e2572_terseLabel_en-US" xlink:label="lab_lyg_ChargeToTheIncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charge (credit) to the income statement</link:label>
    <link:label id="lab_lyg_ChargeToTheIncomeStatementAbstract_label_en-US" xlink:label="lab_lyg_ChargeToTheIncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ChargeToTheIncomeStatement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChargeToTheIncomeStatementAbstract" xlink:href="lyg-20251231.xsd#lyg_ChargeToTheIncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChargeToTheIncomeStatementAbstract" xlink:to="lab_lyg_ChargeToTheIncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions_019c5283-d8e9-7cb2-877f-ac5f2eb554d0_terseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guarantees issued</link:label>
    <link:label id="lab_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions_label_en-US" xlink:label="lab_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision of guarantees or collateral by entity, related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions" xlink:to="lab_ifrs-full_ProvisionOfGuaranteesOrCollateralByEntityRelatedPartyTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GovernmentDebtSecuritiesMember_019c5283-d8e9-7737-bb27-ccb5dc75389d_terseLabel_en-US" xlink:label="lab_lyg_GovernmentDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government securities</link:label>
    <link:label id="lab_lyg_GovernmentDebtSecuritiesMember_label_en-US" xlink:label="lab_lyg_GovernmentDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government Debt Securities [Member]</link:label>
    <link:label id="lab_lyg_GovernmentDebtSecuritiesMember_documentation_en-US" xlink:label="lab_lyg_GovernmentDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Government Debt Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GovernmentDebtSecuritiesMember" xlink:href="lyg-20251231.xsd#lyg_GovernmentDebtSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GovernmentDebtSecuritiesMember" xlink:to="lab_lyg_GovernmentDebtSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMSGrade9Member_019c5283-d8e9-71eb-ab4b-d048c1031ef5_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade9Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">9</link:label>
    <link:label id="lab_lyg_RMSGrade9Member_label_en-US" xlink:label="lab_lyg_RMSGrade9Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 9 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade9Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade9Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 9</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade9Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade9Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade9Member" xlink:to="lab_lyg_RMSGrade9Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfBenefitRecipientDomain_019c5283-d974-70ce-9630-348af8ffdd82_terseLabel_en-US" xlink:label="lab_lyg_TypeOfBenefitRecipientDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of benefit recipient [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfBenefitRecipientDomain_label_en-US" xlink:label="lab_lyg_TypeOfBenefitRecipientDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfBenefitRecipient [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfBenefitRecipientDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfBenefitRecipientDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfBenefitRecipientDomain" xlink:to="lab_lyg_TypeOfBenefitRecipientDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CompensationAbstract_019c5283-d7c1-7edf-a04e-bcf21d9b28d1_terseLabel_en-US" xlink:label="lab_lyg_CompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Compensation</link:label>
    <link:label id="lab_lyg_CompensationAbstract_label_en-US" xlink:label="lab_lyg_CompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compensation [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CompensationAbstract" xlink:href="lyg-20251231.xsd#lyg_CompensationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CompensationAbstract" xlink:to="lab_lyg_CompensationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember_019c5283-d8e9-7e83-815f-04b68de8db52_terseLabel_en-US" xlink:label="lab_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mandatorily held at fair value through profit or loss</link:label>
    <link:label id="lab_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember_label_en-US" xlink:label="lab_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mandatorily Held At Fair Value Through Profit Or Loss [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember" xlink:href="lyg-20251231.xsd#lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember" xlink:to="lab_lyg_MandatorilyHeldAtFairValueThroughProfitOrLossMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrencySwapContractMember_019c5283-da11-71aa-9835-aa41f87a951f_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrencySwapContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency swaps</link:label>
    <link:label id="lab_ifrs-full_CurrencySwapContractMember_label_en-US" xlink:label="lab_ifrs-full_CurrencySwapContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency swap contract [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrencySwapContractMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrencySwapContractMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrencySwapContractMember" xlink:to="lab_ifrs-full_CurrencySwapContractMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets_019c5283-d974-76f2-bd0c-032fdaf35c5d_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation, property, plant and equipment including right-of-use assets</link:label>
    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, property, plant and equipment including right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="lab_ifrs-full_DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIssuedCapitalExplanatory_019c5283-d974-7d82-9ce3-bb55cf38e3cf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIssuedCapitalExplanatory" 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_DisclosureOfIssuedCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of issued capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIssuedCapitalExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfSignificantAccountingPoliciesAbstract_019c5283-d8e9-7bca-82d8-cf2c5a31443c_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of significant accounting policies [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfSignificantAccountingPoliciesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of significant accounting policies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfSignificantAccountingPoliciesAbstract"/>
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    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_019c5283-da98-7013-a589-2f66b2a9afd3_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries [domain]</link:label>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPossibleAlternativeAssumptionsUsedinValuationsofDefinedBenefitPensionSchemesLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPossibleAlternativeAssumptionsUsedinValuationsofDefinedBenefitPensionSchemesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPossibleAlternativeAssumptionsUsedinValuationsofDefinedBenefitPensionSchemesLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPossibleAlternativeAssumptionsUsedinValuationsofDefinedBenefitPensionSchemesLineItems"/>
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    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets_019c5283-da11-7282-8ece-8a018bd91559_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>
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    <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"/>
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    <link:label id="lab_lyg_OtherAdjustmentMember_019c5283-d7c1-7386-b5dc-316465d58550_terseLabel_en-US" xlink:label="lab_lyg_OtherAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_OtherAdjustmentMember_label_en-US" xlink:label="lab_lyg_OtherAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Adjustment [Member]</link:label>
    <link:label id="lab_lyg_OtherAdjustmentMember_documentation_en-US" xlink:label="lab_lyg_OtherAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherAdjustmentMember" xlink:href="lyg-20251231.xsd#lyg_OtherAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherAdjustmentMember" xlink:to="lab_lyg_OtherAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsTable_019c5283-d8e9-7396-bc5b-e4e262657b5d_terseLabel_en-US" xlink:label="lab_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Table]</link:label>
    <link:label id="lab_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsTable_label_en-US" xlink:label="lab_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsTable" xlink:href="lyg-20251231.xsd#lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsTable"/>
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    <link:label id="lab_lyg_DeferredTaxMember_019c5283-d8e9-7d99-a614-bfa231bd4a45_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax:</link:label>
    <link:label id="lab_lyg_DeferredTaxMember_label_en-US" xlink:label="lab_lyg_DeferredTaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxMember" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxMember" xlink:to="lab_lyg_DeferredTaxMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMS14Member_019c5283-da98-719b-916b-9dd35a0b9862_terseLabel_en-US" xlink:label="lab_lyg_RMS14Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RMS 14</link:label>
    <link:label id="lab_lyg_RMS14Member_label_en-US" xlink:label="lab_lyg_RMS14Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS 14 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMS14Member" xlink:href="lyg-20251231.xsd#lyg_RMS14Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMS14Member" xlink:to="lab_lyg_RMS14Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember_019c5283-d974-7c8e-927e-49c3c64892ed_terseLabel_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Life, Pensions and Investments</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember_label_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance, Pensions and Investments - Life, Pensions and Investments [Member]</link:label>
    <link:label id="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember_documentation_en-US" xlink:label="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance, Pensions and Investments - Life, Pensions and Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember" xlink:href="lyg-20251231.xsd#lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember" xlink:to="lab_lyg_InsurancePensionsAndInvestmentsLifePensionsAndInvestmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingOtherEquityInstruments_019c5283-d974-79d9-8189-017976070e40_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"/>
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    <link:label id="lab_lyg_OtherMember_019c5283-d865-76bd-a3bd-ec3323f70200_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</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:loc xlink:type="locator" xlink:label="loc_lyg_OtherMember" xlink:href="lyg-20251231.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_lyg_PropertyCompaniesMember_019c5283-da98-74da-8157-17734885cfa4_terseLabel_en-US" xlink:label="lab_lyg_PropertyCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property companies</link:label>
    <link:label id="lab_lyg_PropertyCompaniesMember_label_en-US" xlink:label="lab_lyg_PropertyCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Companies [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PropertyCompaniesMember" xlink:href="lyg-20251231.xsd#lyg_PropertyCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PropertyCompaniesMember" xlink:to="lab_lyg_PropertyCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxAssetsTransferredToDisposalGroup_019c5283-d974-744f-8f9e-26ff7c30c761_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetsTransferredToDisposalGroup" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer to disposal group</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsTransferredToDisposalGroup_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetsTransferredToDisposalGroup" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets Transferred to Disposal Group</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsTransferredToDisposalGroup_documentation_en-US" xlink:label="lab_lyg_DeferredTaxAssetsTransferredToDisposalGroup" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets Transferred to Disposal Group</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetsTransferredToDisposalGroup" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetsTransferredToDisposalGroup"/>
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    <link:label id="lab_lyg_RMSGrade8Member_019c5283-d974-772c-abac-7983b06cded1_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade8Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">8</link:label>
    <link:label id="lab_lyg_RMSGrade8Member_label_en-US" xlink:label="lab_lyg_RMSGrade8Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 8 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade8Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade8Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 8</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade8Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade8Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade8Member" xlink:to="lab_lyg_RMSGrade8Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureTable_019c5283-da11-7415-b821-0ead4a3de0a9_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Table]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureTable_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureTable"/>
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    <link:label id="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss_019c5283-d974-7052-987e-1a1b23510a2c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in financial liabilities at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial liabilities at fair value through profit or loss</link:label>
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    <link:label id="lab_lyg_EuroToGBPMember_019c5283-d974-7d70-a46b-2ad0664778b5_terseLabel_en-US" xlink:label="lab_lyg_EuroToGBPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average EUR/GBP exchange rate</link:label>
    <link:label id="lab_lyg_EuroToGBPMember_label_en-US" xlink:label="lab_lyg_EuroToGBPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Euro To GBP [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EuroToGBPMember" xlink:href="lyg-20251231.xsd#lyg_EuroToGBPMember"/>
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    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_019c5283-da98-75cf-9dfa-a8e234dbd654_negatedLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Gains) losses recognised in the income statement within other income</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_019c5283-da98-7073-bc45-49eb9180afa8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" 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</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities"/>
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    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableAbstract_019c5283-da11-7e83-8503-d911bae34d8f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of finance lease payments receivable [abstract]</link:label>
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    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable_019c5283-d974-789f-a96d-88a111a77858_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Assets and Liabilites [Table]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Assets and Liabilites [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable" xlink:to="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofFinancialAssetsandLiabilitesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable_019c5283-d8e9-72b9-b15e-4196194609b0_terseLabel_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes [Table]</link:label>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable_label_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable" xlink:href="lyg-20251231.xsd#lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable" xlink:to="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsAggregateContributionsinRespectofKeyManagementPersonneltoDefinedContributionPensionSchemesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IrrevocableCommitments_019c5283-da11-77dd-b490-80638c4a7dd8_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</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>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IrrevocableCommitments" xlink:href="lyg-20251231.xsd#lyg_IrrevocableCommitments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IrrevocableCommitments" xlink:to="lab_lyg_IrrevocableCommitments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset_019c5283-d8e9-7737-bd04-1a2965b1cd7f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Changes that relate to future service: (losses) reversal of losses on onerous contracts</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset_019c5283-d8e9-782a-8cbb-84331c3c498e_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoanToValueRatioAxis_019c5283-da98-7b69-b86a-69c5e8162aa8_terseLabel_en-US" xlink:label="lab_lyg_LoanToValueRatioAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan To Value Ratio [Axis]</link:label>
    <link:label id="lab_lyg_LoanToValueRatioAxis_label_en-US" xlink:label="lab_lyg_LoanToValueRatioAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan To Value Ratio [Axis]</link:label>
    <link:label id="lab_lyg_LoanToValueRatioAxis_documentation_en-US" xlink:label="lab_lyg_LoanToValueRatioAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan To Value Ratio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoanToValueRatioAxis" xlink:href="lyg-20251231.xsd#lyg_LoanToValueRatioAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoanToValueRatioAxis" xlink:to="lab_lyg_LoanToValueRatioAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfOtherLiabilitiesTableTextBlock_019c5283-da98-7130-b764-5c1dc9ef75b6_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Other Liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfOtherLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfOtherLiabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOtherLiabilitiesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOtherLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOtherLiabilitiesTableTextBlock" xlink:to="lab_lyg_DisclosureOfOtherLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeStatementLocation1Domain_019c5283-d8e9-7d1a-9693-48c208e5769d_terseLabel_en-US" xlink:label="lab_lyg_IncomeStatementLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income statement location [Domain]</link:label>
    <link:label id="lab_lyg_IncomeStatementLocation1Domain_label_en-US" xlink:label="lab_lyg_IncomeStatementLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location1 [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeStatementLocation1Domain" xlink:href="lyg-20251231.xsd#lyg_IncomeStatementLocation1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeStatementLocation1Domain" xlink:to="lab_lyg_IncomeStatementLocation1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AwardVestingRate_019c5283-da12-72ed-af91-bacbf839c98e_terseLabel_en-US" xlink:label="lab_lyg_AwardVestingRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Awards vesting rate (in percent)</link:label>
    <link:label id="lab_lyg_AwardVestingRate_label_en-US" xlink:label="lab_lyg_AwardVestingRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AwardVestingRate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AwardVestingRate" xlink:href="lyg-20251231.xsd#lyg_AwardVestingRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AwardVestingRate" xlink:to="lab_lyg_AwardVestingRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfHedgesAxis_019c5283-d8e9-7e16-bb7b-49340b0edb77_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_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_019c5283-d975-7f42-b5f1-dd689c469915_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5 to 10 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years and not later than ten years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_019c5283-da98-770a-b370-c5229d2d7959_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_019c5283-d8e9-7b7a-b217-0a39129e7d1f_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3 to 5 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock_019c5283-d8e9-7cca-83df-561348da002d_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Preference Shares</link:label>
    <link:label id="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Preference Shares [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Preference Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfPreferenceSharesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfPreferenceSharesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfPreferenceSharesTableTextBlock" xlink:to="lab_lyg_DisclosureOfPreferenceSharesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock_019c5283-da11-7a48-9f4f-742406e66768_terseLabel_en-US" xlink:label="lab_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets and liabilities</link:label>
    <link:label id="lab_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock_label_en-US" xlink:label="lab_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicy [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock" xlink:href="lyg-20251231.xsd#lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock" xlink:to="lab_lyg_DescriptionOfAccountingPolicyForFinancialAssetsAndLiabilitiesPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_019c5283-da11-7e26-96d4-2e0b745805ec_terseLabel_en-US" xlink:label="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recoveries of amounts previously written off</link:label>
    <link:label id="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_label_en-US" xlink:label="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on recovery of loans and advances previously written off</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:to="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_019c5283-da11-7cc4-abfb-23e7446a7b3f_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 pension 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_019c5283-da98-7479-b174-964b5f4f07cd_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">Equity [Member]</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_019c5283-da98-7032-928f-8e53663fea1f_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 34)</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_InterestExpenseOnDepositsFromCustomers_019c5283-da98-7a56-8fbb-10e3157ded15_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Customer deposits</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnDepositsFromCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:to="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageMember_019c5283-d8e9-75e0-b676-4f55ae70e84c_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">Weighted 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_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme_019c5283-da98-7843-8cbc-9c79663329f8_terseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributions to defined benefit schemes</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme_label_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) Due To Contributions To Defined Benefit Scheme</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme_documentation_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) Due To Contributions To Defined Benefit Scheme</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme" xlink:to="lab_lyg_AdjustmentsForIncreaseDecreaseDueToContributionsToDefinedBenefitScheme" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems_019c5283-d974-78b3-a7d1-6af96a5c81c7_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems" xlink:to="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofLevel3DerivativeAssetsandLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProvisionForCreditCommitmentsMember_019c5283-d865-7f59-bb45-6348623c67af_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 &#163;m</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_ifrs-full_CurrentTaxAssets_019c5283-d974-76bb-88ab-f2f0bce8dcce_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_ifrs-full_ProvisionUsedOtherProvisions_019c5283-d8e9-7788-8424-88043a9c677b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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_019c5283-da12-7817-99fc-6c07a1739885_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_019c5283-d8e9-7688-856b-62a7422b68ef_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_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices_019c5283-d8e9-7de7-9998-cb2e3f90f9f4_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_srt_DirectorMember_019c5283-da11-7376-bb70-9cd5015fd5be_terseLabel_en-US" xlink:label="lab_srt_DirectorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors</link:label>
    <link:label id="lab_srt_DirectorMember_label_en-US" xlink:label="lab_srt_DirectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Director [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_DirectorMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_DirectorMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_DirectorMember" xlink:to="lab_srt_DirectorMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInCurrentTaxLiability_019c5283-d974-784b-a761-5d6bdc7a7281_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 liability</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-20251231.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_lyg_AlternativeCreditFundsMember_019c5283-d7c1-7b6f-806d-343c99e96827_terseLabel_en-US" xlink:label="lab_lyg_AlternativeCreditFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Alternative credit funds</link:label>
    <link:label id="lab_lyg_AlternativeCreditFundsMember_label_en-US" xlink:label="lab_lyg_AlternativeCreditFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alternative Credit Funds [Member]</link:label>
    <link:label id="lab_lyg_AlternativeCreditFundsMember_documentation_en-US" xlink:label="lab_lyg_AlternativeCreditFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alternative Credit Funds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AlternativeCreditFundsMember" xlink:href="lyg-20251231.xsd#lyg_AlternativeCreditFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AlternativeCreditFundsMember" xlink:to="lab_lyg_AlternativeCreditFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueFromInterest_019c5283-d865-7b05-a642-9e043f9e644b_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_ifrs-full_RevenueFromInterest_019c5283-d865-7a51-a26c-ba82a6fd0fa8_totalLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total interest income</link:label>
    <link:label id="lab_ifrs-full_RevenueFromInterest_019c5283-d865-7d4c-886a-9371df69135f_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_BankAndBuildingSocietyCertificatesOfDeposit_019c5283-d865-7e1a-83f0-e01120dca76c_terseLabel_en-US" xlink:label="lab_lyg_BankAndBuildingSocietyCertificatesOfDeposit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank and building society certificates of deposit</link:label>
    <link:label id="lab_lyg_BankAndBuildingSocietyCertificatesOfDeposit_label_en-US" xlink:label="lab_lyg_BankAndBuildingSocietyCertificatesOfDeposit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank And Building Society Certificates Of Deposit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BankAndBuildingSocietyCertificatesOfDeposit" xlink:href="lyg-20251231.xsd#lyg_BankAndBuildingSocietyCertificatesOfDeposit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_BankAndBuildingSocietyCertificatesOfDeposit" xlink:to="lab_lyg_BankAndBuildingSocietyCertificatesOfDeposit" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBasedPaymentsMember_019c5283-da11-761f-a71f-ddf6b2b827fe_terseLabel_en-US" xlink:label="lab_lyg_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share- based payments &#163;m</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentsMember_label_en-US" xlink:label="lab_lyg_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments [Member]</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentsMember_documentation_en-US" xlink:label="lab_lyg_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBasedPaymentsMember" xlink:href="lyg-20251231.xsd#lyg_ShareBasedPaymentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareBasedPaymentsMember" xlink:to="lab_lyg_ShareBasedPaymentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScenarioUnspecifiedDomain_019c5283-da11-74ab-92f9-a221a5a52cd9_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_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsLineItems_019c5283-d974-7601-b99f-a9a994adb23c_terseLabel_en-US" xlink:label="lab_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsLineItems" xlink:href="lyg-20251231.xsd#lyg_LIFEINSURANCESENSITIVITYANALYSISDetailsScheduleofAccountingEstimatesandJudgementsLineItems"/>
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    <link:label id="lab_ifrs-full_ExpectedCreditLossRate_019c5283-da98-75e9-a896-2ca689f016b8_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Drawn ECL coverage (%)</link:label>
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    <link:label id="lab_lyg_EquityCommodityAndOtherContractsMember_019c5283-d7c1-7ab7-8604-432bcb9ff5f1_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>
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    <link:label id="lab_lyg_TypeOfValuationAxis_019c5283-da11-716f-a89d-24bba012473f_terseLabel_en-US" xlink:label="lab_lyg_TypeOfValuationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of valuation [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfValuationAxis_label_en-US" xlink:label="lab_lyg_TypeOfValuationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Valuation [Axis]</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAssetAbstract_019c5283-d8e9-7c39-9129-40df6c85cafb_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance service expense</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance service expenses, insurance contracts liability (asset) [abstract]</link:label>
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    <link:label id="lab_lyg_AssetBackedConduitDomain_019c5283-d974-7a34-8e97-a8e287337902_terseLabel_en-US" xlink:label="lab_lyg_AssetBackedConduitDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset backed conduit [Domain]</link:label>
    <link:label id="lab_lyg_AssetBackedConduitDomain_label_en-US" xlink:label="lab_lyg_AssetBackedConduitDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AssetBackedConduit [Domain]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AssetBackedConduitDomain" xlink:to="lab_lyg_AssetBackedConduitDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsTable_019c5283-da11-7435-a2ce-bee23c8aad3f_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Table]</link:label>
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    <link:label id="lab_lyg_SHARECAPITALDetailsScheduleofIssuedandFullyPaidShareCapitalTable_019c5283-d7c1-70ea-a643-28b463e9af5a_terseLabel_en-US" xlink:label="lab_lyg_SHARECAPITALDetailsScheduleofIssuedandFullyPaidShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE CAPITAL (Details) - Schedule of Issued and Fully Paid Share Capital [Table]</link:label>
    <link:label id="lab_lyg_SHARECAPITALDetailsScheduleofIssuedandFullyPaidShareCapitalTable_label_en-US" xlink:label="lab_lyg_SHARECAPITALDetailsScheduleofIssuedandFullyPaidShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE CAPITAL (Details) - Schedule of Issued and Fully Paid Share Capital [Table]</link:label>
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    <link:label id="lab_lyg_OtherSegmentItemsReflectedInIncomeStatementAboveAbstractAbstract_019c5283-da98-7570-b783-bef6a8b0d17f_terseLabel_en-US" xlink:label="lab_lyg_OtherSegmentItemsReflectedInIncomeStatementAboveAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other items reflected in income statement above:</link:label>
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    <link:label id="lab_lyg_RatingByGroupingExternalCreditDomain_019c5283-d865-7708-972e-285d03e967c4_terseLabel_en-US" xlink:label="lab_lyg_RatingByGroupingExternalCreditDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rating By Grouping, External Credit [Domain]</link:label>
    <link:label id="lab_lyg_RatingByGroupingExternalCreditDomain_label_en-US" xlink:label="lab_lyg_RatingByGroupingExternalCreditDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rating By Grouping, External Credit [Domain]</link:label>
    <link:label id="lab_lyg_RatingByGroupingExternalCreditDomain_documentation_en-US" xlink:label="lab_lyg_RatingByGroupingExternalCreditDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rating By Grouping, External Credit [Domain]</link:label>
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    <link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_019c5283-d8e9-79bf-a362-a495b11e6a09_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remeasurements:</link:label>
    <link:label id="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income [abstract]</link:label>
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    <link:label id="lab_dei_AddressTypeDomain_019c5283-d8e9-7c2b-95db-45aa9d71bf13_terseLabel_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Address type [Domain]</link:label>
    <link:label id="lab_dei_AddressTypeDomain_label_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
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    <link:label id="lab_ifrs-full_NotionalAmount_019c5283-d974-70d7-b1dc-7116f79f66c7_terseLabel_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract/ notional amount &#163;m</link:label>
    <link:label id="lab_ifrs-full_NotionalAmount_label_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotionalAmount" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotionalAmount"/>
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    <link:label id="lab_lyg_TaxEffectOfGainsExemptedFromTaxation_019c5283-da11-78aa-8f79-d5930c930a98_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxEffectOfGainsExemptedFromTaxation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax-exempt gains on disposals</link:label>
    <link:label id="lab_lyg_TaxEffectOfGainsExemptedFromTaxation_label_en-US" xlink:label="lab_lyg_TaxEffectOfGainsExemptedFromTaxation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TaxEffectOfGainsExemptedFromTaxation</link:label>
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    <link:label id="lab_ifrs-full_UnconsolidatedStructuredEntitiesAxis_019c5283-d974-7a17-8809-3d92c47c8cad_terseLabel_en-US" xlink:label="lab_ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unconsolidated structured entities [axis]</link:label>
    <link:label id="lab_ifrs-full_UnconsolidatedStructuredEntitiesAxis_label_en-US" xlink:label="lab_ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unconsolidated structured entities [axis]</link:label>
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    <link:label id="lab_lyg_IncomeTaxExpenseAttributableToShareholders_019c5283-d7c1-731d-9510-cd1b0e15ed04_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncomeTaxExpenseAttributableToShareholders" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Shareholder tax expense</link:label>
    <link:label id="lab_lyg_IncomeTaxExpenseAttributableToShareholders_label_en-US" xlink:label="lab_lyg_IncomeTaxExpenseAttributableToShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IncomeTaxExpenseAttributableToShareholders</link:label>
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    <link:label id="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember_019c5283-d974-7cc2-a648-cf1cfc8c766a_terseLabel_en-US" xlink:label="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excluding loss component &#163;m</link:label>
    <link:label id="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember_label_en-US" xlink:label="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net liabilities or assets for remaining coverage excluding loss component [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:to="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferAxis_019c5283-d865-791b-832c-2721b55aac2b_terseLabel_en-US" xlink:label="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Continuing involvement in derecognised financial assets by type of transfer [Axis]</link:label>
    <link:label id="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferAxis_label_en-US" xlink:label="lab_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing involvement in derecognised financial assets by type of transfer [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfTransferAxis"/>
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    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_019c5283-d7c1-7e22-9494-868dcebbdb8d_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"/>
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    <link:label id="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis_019c5283-da11-7c26-9dfa-b0139396a439_terseLabel_en-US" xlink:label="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of reasonably possible alternative assumptions [Axis]</link:label>
    <link:label id="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis_label_en-US" xlink:label="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect Of Reasonably Possible Alternative Assumptions [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis" xlink:href="lyg-20251231.xsd#lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis" xlink:to="lab_lyg_EffectOfReasonablyPossibleAlternativeAssumptionsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityDomain_019c5283-d8e9-72b5-bce4-c5a1f8703f62_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity [domain]</link:label>
    <link:label id="lab_ifrs-full_MaturityDomain_label_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityDomain" xlink:to="lab_ifrs-full_MaturityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfAccountAxis_019c5283-da98-7bbd-9bd8-c8d9b9bb4d3f_terseLabel_en-US" xlink:label="lab_lyg_TypeOfAccountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of account [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfAccountAxis_label_en-US" xlink:label="lab_lyg_TypeOfAccountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Account [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfAccountAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfAccountAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfAccountAxis" xlink:to="lab_lyg_TypeOfAccountAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_019c5283-d974-7c83-a0f7-c954999ea277_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_FinancialAssetsSubjectToPartialWriteOff_019c5283-da11-79ad-b33e-e8b7b970d87a_terseLabel_en-US" xlink:label="lab_lyg_FinancialAssetsSubjectToPartialWriteOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, subject to partial write-off</link:label>
    <link:label id="lab_lyg_FinancialAssetsSubjectToPartialWriteOff_label_en-US" xlink:label="lab_lyg_FinancialAssetsSubjectToPartialWriteOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets, Subject To Partial Write-Off</link:label>
    <link:label id="lab_lyg_FinancialAssetsSubjectToPartialWriteOff_documentation_en-US" xlink:label="lab_lyg_FinancialAssetsSubjectToPartialWriteOff" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Assets, Subject To Partial Write-Off</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialAssetsSubjectToPartialWriteOff" xlink:href="lyg-20251231.xsd#lyg_FinancialAssetsSubjectToPartialWriteOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialAssetsSubjectToPartialWriteOff" xlink:to="lab_lyg_FinancialAssetsSubjectToPartialWriteOff" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncludedInFundingAnalysisMember_019c5283-d7c1-7605-b5a4-cac9cdc8ddba_terseLabel_en-US" xlink:label="lab_lyg_IncludedInFundingAnalysisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Included in funding analysis &#163;bn</link:label>
    <link:label id="lab_lyg_IncludedInFundingAnalysisMember_label_en-US" xlink:label="lab_lyg_IncludedInFundingAnalysisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Included in Funding Analysis [Member]</link:label>
    <link:label id="lab_lyg_IncludedInFundingAnalysisMember_documentation_en-US" xlink:label="lab_lyg_IncludedInFundingAnalysisMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Included in Funding Analysis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncludedInFundingAnalysisMember" xlink:href="lyg-20251231.xsd#lyg_IncludedInFundingAnalysisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncludedInFundingAnalysisMember" xlink:to="lab_lyg_IncludedInFundingAnalysisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable_019c5283-d975-7ee0-84e3-1720787afcbf_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturities of Assets and Liabilities [Table]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Assets and Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset_019c5283-d8e9-7163-ad18-8accef3f2726_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Cash flows</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through cash flows, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts_019c5283-da11-7727-a6ed-840488f09fe7_terseLabel_en-US" xlink:label="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in fair value of underlying items of direct participating contracts</link:label>
    <link:label id="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts_label_en-US" xlink:label="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Change in Fair Value of Underlying Items of Direct Participating Contracts</link:label>
    <link:label id="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts_documentation_en-US" xlink:label="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Change in Fair Value of Underlying Items of Direct Participating Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts" xlink:href="lyg-20251231.xsd#lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts" xlink:to="lab_lyg_GainLossOnChangeInFairValueOfUnderlyingItemsOfDirectParticipatingContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ValueOfEmployeeServices_019c5283-d8e9-7a82-90cb-c154da89307e_terseLabel_en-US" xlink:label="lab_lyg_ValueOfEmployeeServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of employee services</link:label>
    <link:label id="lab_lyg_ValueOfEmployeeServices_label_en-US" xlink:label="lab_lyg_ValueOfEmployeeServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Value Of Employee Services</link:label>
    <link:label id="lab_lyg_ValueOfEmployeeServices_documentation_en-US" xlink:label="lab_lyg_ValueOfEmployeeServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Value of employee services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ValueOfEmployeeServices" xlink:href="lyg-20251231.xsd#lyg_ValueOfEmployeeServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ValueOfEmployeeServices" xlink:to="lab_lyg_ValueOfEmployeeServices" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EquityInstrumentDomain_019c5283-da98-7bc8-8c43-c6ff1788f498_terseLabel_en-US" xlink:label="lab_lyg_EquityInstrumentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Instrument [Domain]</link:label>
    <link:label id="lab_lyg_EquityInstrumentDomain_label_en-US" xlink:label="lab_lyg_EquityInstrumentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Instrument [Domain]</link:label>
    <link:label id="lab_lyg_EquityInstrumentDomain_documentation_en-US" xlink:label="lab_lyg_EquityInstrumentDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Instrument [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquityInstrumentDomain" xlink:href="lyg-20251231.xsd#lyg_EquityInstrumentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquityInstrumentDomain" xlink:to="lab_lyg_EquityInstrumentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations_019c5283-d975-7105-8365-f0ddd714b1b2_terseLabel_en-US" xlink:label="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three most significant schemes, percentage of total defined benefit obligations (in percent)</link:label>
    <link:label id="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations_label_en-US" xlink:label="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Most Significant Defined Benefit Schemes, Percentage Of Total Defined Benefit Obligations</link:label>
    <link:label id="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations_documentation_en-US" xlink:label="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Three Most Significant Defined Benefit Schemes, Percentage Of Total Defined Benefit Obligations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations" xlink:href="lyg-20251231.xsd#lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations" xlink:to="lab_lyg_ThreeMostSignificantDefinedBenefitSchemesPercentageOfTotalDefinedBenefitObligations" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_019c5283-d8e9-7ccf-bee1-aa9db21d4aaa_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, state or country code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable_019c5283-da11-714e-b2f0-1c3a20625e42_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Charges to the Income Statement [Table]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Charges to the Income Statement [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_019c5283-d865-7c52-adee-b76d80e36a73_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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>
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    <link:label id="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTextBlockTableTextBlock_019c5283-da11-7974-97d1-888b419a4db9_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTextBlockTableTextBlock" 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_DisclosureOfDividendsOnOrdinarySharesTextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDividendsOnOrdinarySharesTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfDividendsOnOrdinarySharesTextBlock [Table Text Block]</link:label>
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    <link:label id="lab_lyg_FloodRiskDamageMember_019c5283-d7c1-7375-821c-aa5f8ab14824_terseLabel_en-US" xlink:label="lab_lyg_FloodRiskDamageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Flood risk damage</link:label>
    <link:label id="lab_lyg_FloodRiskDamageMember_label_en-US" xlink:label="lab_lyg_FloodRiskDamageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Flood Risk Damage [Member]</link:label>
    <link:label id="lab_lyg_FloodRiskDamageMember_documentation_en-US" xlink:label="lab_lyg_FloodRiskDamageMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Flood Risk Damage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FloodRiskDamageMember" xlink:href="lyg-20251231.xsd#lyg_FloodRiskDamageMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsExplanatory_019c5283-d974-7bd7-b318-966c82ccd273_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Average Yield Curves</link:label>
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    <link:label id="lab_ifrs-full_InterestExpense_019c5283-da98-7489-953a-ac69004e7cad_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total 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>
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    <link:label id="lab_dei_EntityListingsExchangeAxis_019c5283-da98-72aa-96c1-dca75e4db834_terseLabel_en-US" xlink:label="lab_dei_EntityListingsExchangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity listings, exchange [Axis]</link:label>
    <link:label id="lab_dei_EntityListingsExchangeAxis_label_en-US" xlink:label="lab_dei_EntityListingsExchangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Listings, Exchange [Axis]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityListingsExchangeAxis" xlink:to="lab_dei_EntityListingsExchangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingTable_019c5283-d8e9-7660-b05e-0e2f584636c9_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Share Options Outstanding [Table]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingTable_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Share Options Outstanding [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingTable" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofShareOptionsOutstandingTable"/>
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    <link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_019c5283-d8e9-76f8-977a-2941ba9637f0_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>
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    <link:label id="lab_lyg_PaidBetween2And5YearsMember_019c5283-d8e9-7340-8502-7509c0f8b7c9_terseLabel_en-US" xlink:label="lab_lyg_PaidBetween2And5YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 2 and 5 years</link:label>
    <link:label id="lab_lyg_PaidBetween2And5YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween2And5YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 2 And 5 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidBetween2And5YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidBetween2And5YearsMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory_019c5283-d7c1-71b2-a366-dca93ac28234_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Tax Charges</link:label>
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    <link:label id="lab_lyg_A6.75ConvertibleSecuritiesCallable2031Member_019c5283-da98-7a0f-b295-003362143797_terseLabel_en-US" xlink:label="lab_lyg_A6.75ConvertibleSecuritiesCallable2031Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,000 million 6.75% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2031</link:label>
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    <link:label id="lab_lyg_A6.75ConvertibleSecuritiesCallable2031Member_documentation_en-US" xlink:label="lab_lyg_A6.75ConvertibleSecuritiesCallable2031Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.75% Convertible Securities Callable 2031</link:label>
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    <link:label id="lab_lyg_MotorCommissionReviewMember_019c5283-d865-7542-abd6-d5a85eeac3bd_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>
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    <link:label id="lab_lyg_TypeOfDisclosureDomain_019c5283-d8e9-75f2-8f09-c433de04cf8a_terseLabel_en-US" xlink:label="lab_lyg_TypeOfDisclosureDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of disclosure [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfDisclosureDomain_label_en-US" xlink:label="lab_lyg_TypeOfDisclosureDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfDisclosure [Domain]</link:label>
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    <link:label id="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_019c5283-da11-71f7-9206-9f42d5deed99_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>
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    <link:label id="lab_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds_019c5283-da12-7545-b9cd-f4bb1e52642e_terseLabel_en-US" xlink:label="lab_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unlisted equities, debt securities and property partnerships in the life funds</link:label>
    <link:label id="lab_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds_label_en-US" xlink:label="lab_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds" xlink:href="lyg-20251231.xsd#lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds" xlink:to="lab_lyg_UnlistedEquitiesAndDebtSecuritiesPropertyPartnershipsInTheLifeFunds" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TheGroupsThreeMainSchemesMember_019c5283-d865-76a4-8096-0fdf96c42867_terseLabel_en-US" xlink:label="lab_lyg_TheGroupsThreeMainSchemesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">The group's three main schemes</link:label>
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    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofamountsreclassifiedfromreservestoincomestatementTable_019c5283-da98-7117-b4f1-3dbd2f14d83c_terseLabel_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofamountsreclassifiedfromreservestoincomestatementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of amounts reclassified from reserves to income statement [Table]</link:label>
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    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_019c5283-d974-71c2-83e3-23a9fd949777_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2 to 3 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_019c5283-d974-7b67-901c-9d9ed4ffdd2f_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Later than 2 years and not later than 3 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ModificationDomain_019c5283-da98-7d5b-86de-8be137c7085c_terseLabel_en-US" xlink:label="lab_lyg_ModificationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Modification [Domain]</link:label>
    <link:label id="lab_lyg_ModificationDomain_label_en-US" xlink:label="lab_lyg_ModificationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Modification [Domain]</link:label>
    <link:label id="lab_lyg_ModificationDomain_documentation_en-US" xlink:label="lab_lyg_ModificationDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Modification [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ModificationDomain" xlink:href="lyg-20251231.xsd#lyg_ModificationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ModificationDomain" xlink:to="lab_lyg_ModificationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_019c5283-da98-7434-afa9-0031c9ef970f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Right-of-Use Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SavingsPeriod_019c5283-d865-7bf5-b242-713d425eeae2_terseLabel_en-US" xlink:label="lab_lyg_SavingsPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Savings period</link:label>
    <link:label id="lab_lyg_SavingsPeriod_label_en-US" xlink:label="lab_lyg_SavingsPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Savings Period</link:label>
    <link:label id="lab_lyg_SavingsPeriod_documentation_en-US" xlink:label="lab_lyg_SavingsPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Savings Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SavingsPeriod" xlink:href="lyg-20251231.xsd#lyg_SavingsPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SavingsPeriod" xlink:to="lab_lyg_SavingsPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_019c5283-da98-7a9d-af52-b86bb7e60492_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk_019c5283-d974-7ba8-abd1-b1b9b5826997_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk" xlink:to="lab_ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_019c5283-da11-7a5f-80c5-bd6b29b8094b_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember_019c5283-d974-7a76-8bf0-97dc677d3194_terseLabel_en-US" xlink:label="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory changes in EPC rating requirements</link:label>
    <link:label id="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember_label_en-US" xlink:label="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Changes in Energy Performance Certificate Rating Requirements [Member]</link:label>
    <link:label id="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember_documentation_en-US" xlink:label="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulatory Changes in Energy Performance Certificate Rating Requirements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember" xlink:href="lyg-20251231.xsd#lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember" xlink:to="lab_lyg_RegulatoryChangesInEnergyPerformanceCertificateRatingRequirementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_019c5283-da98-7c3d-b58e-7542fd4a9360_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to [abstract]</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member_019c5283-da98-7f45-ad93-2c4a1db3da30_terseLabel_en-US" xlink:label="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.00% Fixed Rate Reset Dated Subordinated Notes 2035 (&#8364;1,000 million)</link:label>
    <link:label id="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member_label_en-US" xlink:label="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.00% Fixed Rate Reset Dated Subordinated Notes Due 2035 [Member]</link:label>
    <link:label id="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member_documentation_en-US" xlink:label="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.00% Fixed Rate Reset Dated Subordinated Notes Due 2035</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member" xlink:href="lyg-20251231.xsd#lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member" xlink:to="lab_lyg_A4.00FixedRateResetDatedSubordinatedNotesDue2035Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember_019c5283-d8e9-730a-83c1-1489443db2c1_terseLabel_en-US" xlink:label="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6% Non-cumulative Redeemable Preference shares of GBP0.25</link:label>
    <link:label id="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember_label_en-US" xlink:label="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6% Non-Cumulative Redeemable Preference Shares [Member]</link:label>
    <link:label id="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember_documentation_en-US" xlink:label="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6% Non-Cumulative Redeemable Preference Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6NonCumulativeRedeemablePreferenceSharesMember" xlink:href="lyg-20251231.xsd#lyg_A6NonCumulativeRedeemablePreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A6NonCumulativeRedeemablePreferenceSharesMember" xlink:to="lab_lyg_A6NonCumulativeRedeemablePreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable_019c5283-da98-7ab3-90cc-bb50ed26b15c_terseLabel_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Narrative [Table]</link:label>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable_label_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Key Management Personnel [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable" xlink:href="lyg-20251231.xsd#lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable" xlink:to="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsKeyManagementPersonnelTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CapitalRedemptionReserveAbstract_019c5283-da98-73d7-aa81-cdfd86057f15_terseLabel_en-US" xlink:label="lab_lyg_CapitalRedemptionReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital redemption reserve</link:label>
    <link:label id="lab_lyg_CapitalRedemptionReserveAbstract_label_en-US" xlink:label="lab_lyg_CapitalRedemptionReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Redemption Reserve [Abstract]</link:label>
    <link:label id="lab_lyg_CapitalRedemptionReserveAbstract_documentation_en-US" xlink:label="lab_lyg_CapitalRedemptionReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital Redemption Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CapitalRedemptionReserveAbstract" xlink:href="lyg-20251231.xsd#lyg_CapitalRedemptionReserveAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CapitalRedemptionReserveAbstract" xlink:to="lab_lyg_CapitalRedemptionReserveAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PreferenceSharesLineItems_019c5283-da11-7ff5-8773-879fd30066e7_terseLabel_en-US" xlink:label="lab_lyg_PreferenceSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference Shares [Line Items]</link:label>
    <link:label id="lab_lyg_PreferenceSharesLineItems_label_en-US" xlink:label="lab_lyg_PreferenceSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference Shares [Line Items]</link:label>
    <link:label id="lab_lyg_PreferenceSharesLineItems_documentation_en-US" xlink:label="lab_lyg_PreferenceSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preference Shares [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PreferenceSharesLineItems" xlink:href="lyg-20251231.xsd#lyg_PreferenceSharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PreferenceSharesLineItems" xlink:to="lab_lyg_PreferenceSharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NotesIssuedMaximumOutstandingAmount_019c5283-d7c1-7a41-9ebc-b48898e4ffbc_terseLabel_en-US" xlink:label="lab_lyg_NotesIssuedMaximumOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes issued, maximum outstanding amount</link:label>
    <link:label id="lab_lyg_NotesIssuedMaximumOutstandingAmount_label_en-US" xlink:label="lab_lyg_NotesIssuedMaximumOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Issued, Maximum Outstanding Amount</link:label>
    <link:label id="lab_lyg_NotesIssuedMaximumOutstandingAmount_documentation_en-US" xlink:label="lab_lyg_NotesIssuedMaximumOutstandingAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes Issued, Maximum Outstanding Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NotesIssuedMaximumOutstandingAmount" xlink:href="lyg-20251231.xsd#lyg_NotesIssuedMaximumOutstandingAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NotesIssuedMaximumOutstandingAmount" xlink:to="lab_lyg_NotesIssuedMaximumOutstandingAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_019c5283-d8e9-7a88-aadb-4db428e1f8f1_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_lyg_OtherServicesMember_019c5283-d7c1-77a6-a8f2-e79976fbdf74_terseLabel_en-US" xlink:label="lab_lyg_OtherServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All other fees</link:label>
    <link:label id="lab_lyg_OtherServicesMember_label_en-US" xlink:label="lab_lyg_OtherServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Services [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherServicesMember" xlink:href="lyg-20251231.xsd#lyg_OtherServicesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherServicesMember" xlink:to="lab_lyg_OtherServicesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock_019c5283-d8e9-740d-b904-383bd2f60a92_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Commercial Banking Lending</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Commercial Banking Lending [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Commercial Banking Lending</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock" xlink:to="lab_lyg_DisclosureOfDetailedInformationAboutCommercialBankingLendingTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities_019c5283-d7c1-7c3f-b85e-3273a85d358f_terseLabel_en-US" xlink:label="lab_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes paid in respect of current year profits</link:label>
    <link:label id="lab_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Paid in Respect of Current Year Profits Classified As Operating Activities</link:label>
    <link:label id="lab_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities_documentation_en-US" xlink:label="lab_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Taxes Paid in Respect of Current Year Profits Classified As Operating Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities" xlink:href="lyg-20251231.xsd#lyg_IncomeTaxesPaidInRespectOfCurrentYearProfitsClassifiedAsOperatingActivities"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_019c5283-d8e9-7305-82f4-60d3e8021b64_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_lyg_EnergyPerformanceCertificateProfileAxis_019c5283-da11-7971-91cc-954aa625ef13_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile [Axis]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileAxis_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile [Axis]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileAxis_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileAxis" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyPerformanceCertificateProfileAxis" xlink:to="lab_lyg_EnergyPerformanceCertificateProfileAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_019c5283-d8e9-7b8f-888a-d953be2ff5d9_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" 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_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through net exchange differences, intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetInvestmentReturnOnAssetsHeldToBackThirdPartyInterestsInConsolidatedFunds_019c5283-da98-7445-a98a-ce4b55483ab2_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-20251231.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_019c5283-d974-7060-96d7-2e03843c741d_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_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member_019c5283-d865-7763-aa11-45484893ed1b_terseLabel_en-US" xlink:label="lab_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$2,000,000,000 5.679% Senior Callable Fixed-to-Fixed Rate Notes due 2035</link:label>
    <link:label id="lab_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member_label_en-US" xlink:label="lab_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$2,000,000,000 5.679% Senior Callable Fixed-to-Fixed Rate Notes due 2035 [Member]</link:label>
    <link:label id="lab_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member_documentation_en-US" xlink:label="lab_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$2,000,000,000 5.679% Senior Callable Fixed-to-Fixed Rate Notes due 2035</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:href="lyg-20251231.xsd#lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:to="lab_lyg_A20000000005.679SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherOperatingIncomeExpense_019c5283-d8e9-72e8-a488-02e12899b123_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" 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_OtherOperatingIncomeExpense_label_en-US" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherOperatingIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:to="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable_019c5283-d7c1-7016-bf89-c8ab0c1b59cb_terseLabel_en-US" xlink:label="lab_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER RESERVES (Details) - Schedule of Merger Reserve [Table]</link:label>
    <link:label id="lab_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable_label_en-US" xlink:label="lab_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER RESERVES (Details) - Schedule of Merger Reserve [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable" xlink:href="lyg-20251231.xsd#lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable" xlink:to="lab_lyg_OTHERRESERVESDetailsScheduleofMergerReserveTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileEMember_019c5283-d8e9-707e-bb08-34d268ee6339_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileEMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">E &#163;m</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileEMember_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileEMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile E [Member]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileEMember_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileEMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile E</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileEMember" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileEMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyPerformanceCertificateProfileEMember" xlink:to="lab_lyg_EnergyPerformanceCertificateProfileEMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MaximumMember_019c5283-d974-7bf0-a95c-8b0a0205df6e_terseLabel_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum</link:label>
    <link:label id="lab_srt_MaximumMember_label_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_MaximumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MaximumMember" xlink:to="lab_srt_MaximumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansAxis_019c5283-d865-7742-9deb-3fc5fa60e09b_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>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansAxis_label_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit plans [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DefinedBenefitPlansAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitPlansAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DefinedBenefitPlansAxis" xlink:to="lab_ifrs-full_DefinedBenefitPlansAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RentalIncomeFromInvestmentProperty_019c5283-d974-7a3a-8f35-747008993134_verboseLabel_en-US" xlink:label="lab_ifrs-full_RentalIncomeFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Rental income from investment properties (note 24)</link:label>
    <link:label id="lab_ifrs-full_RentalIncomeFromInvestmentProperty_019c5283-d974-73b5-b1e1-3eabf552e4e1_terseLabel_en-US" xlink:label="lab_ifrs-full_RentalIncomeFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental income from investment properties</link:label>
    <link:label id="lab_ifrs-full_RentalIncomeFromInvestmentProperty_label_en-US" xlink:label="lab_ifrs-full_RentalIncomeFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental income from investment property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RentalIncomeFromInvestmentProperty" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RentalIncomeFromInvestmentProperty"/>
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    <link:label id="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems_019c5283-da98-784d-87f3-5af34e2eb367_terseLabel_en-US" xlink:label="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Line Items]</link:label>
    <link:label id="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems_label_en-US" xlink:label="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems" xlink:href="lyg-20251231.xsd#lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems" xlink:to="lab_lyg_OTHEREQUITYINSTRUMENTSDetailsScheduleofOtherEquityInstrumentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MBNALimitedMember_019c5283-da98-729f-a302-e093fa863b37_terseLabel_en-US" xlink:label="lab_lyg_MBNALimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MBNA Limited</link:label>
    <link:label id="lab_lyg_MBNALimitedMember_label_en-US" xlink:label="lab_lyg_MBNALimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MBNA Limited [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MBNALimitedMember" xlink:href="lyg-20251231.xsd#lyg_MBNALimitedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MBNALimitedMember" xlink:to="lab_lyg_MBNALimitedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory_019c5283-d865-7c75-a69d-b8943060f477_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" 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 [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" xlink:to="lab_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CoreDepositIntangibleMember_019c5283-d865-7dd6-9ab9-29b69e0f7d8c_terseLabel_en-US" xlink:label="lab_lyg_CoreDepositIntangibleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Core deposit intangible</link:label>
    <link:label id="lab_lyg_CoreDepositIntangibleMember_label_en-US" xlink:label="lab_lyg_CoreDepositIntangibleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Core Deposit Intangible [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CoreDepositIntangibleMember" xlink:href="lyg-20251231.xsd#lyg_CoreDepositIntangibleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CoreDepositIntangibleMember" xlink:to="lab_lyg_CoreDepositIntangibleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DistributionsOnOtherEquityInstruments_019c5283-d974-7c9e-9548-70edcaa87a70_negatedLabel_en-US" xlink:label="lab_lyg_DistributionsOnOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Distributions in respect of other equity instruments</link:label>
    <link:label id="lab_lyg_DistributionsOnOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_DistributionsOnOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distributions On Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DistributionsOnOtherEquityInstruments" xlink:href="lyg-20251231.xsd#lyg_DistributionsOnOtherEquityInstruments"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInEstimatesThatDoNotAdjustContractualServiceMarginInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesInEstimatesThatDoNotAdjustContractualServiceMarginInsuranceContractsLiabilityAsset"/>
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    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialLiabilitiesLineItems_019c5283-da98-741b-9844-7dbfd6fc5b20_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationHierarchyforFinancialLiabilitiesLineItems"/>
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    <link:label id="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration_019c5283-d8e9-7701-9df6-38d29d328f0c_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets operating loss carry forwards subject to expiration</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Loss Carry forwards Subject To Expiration</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration_documentation_en-US" xlink:label="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Loss Carry forwards Subject To Expiration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration" xlink:to="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsSubjectToExpiration" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementLiabilities_019c5283-d974-70a4-af8a-85cf83eb5787_terseLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Sales) redemptions</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityShellCompany_019c5283-d865-70a2-83ce-c33fa9521296_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity shell company</link:label>
    <link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PerformancebasedCompensationExpenseMember_019c5283-d7c1-7bbb-ad0b-ba71f6a1912b_terseLabel_en-US" xlink:label="lab_lyg_PerformancebasedCompensationExpenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance-based compensation expense</link:label>
    <link:label id="lab_lyg_PerformancebasedCompensationExpenseMember_label_en-US" xlink:label="lab_lyg_PerformancebasedCompensationExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performancebased Compensation Expense [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PerformancebasedCompensationExpenseMember" xlink:href="lyg-20251231.xsd#lyg_PerformancebasedCompensationExpenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PerformancebasedCompensationExpenseMember" xlink:to="lab_lyg_PerformancebasedCompensationExpenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForInterestExpense_019c5283-d974-7555-9aa4-f037f4a3fc06_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"/>
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    <link:label id="lab_lyg_BankOfScotlandPlcMember_019c5283-da98-7890-a48c-542c40133b40_terseLabel_en-US" xlink:label="lab_lyg_BankOfScotlandPlcMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank Of Scotland Plc</link:label>
    <link:label id="lab_lyg_BankOfScotlandPlcMember_label_en-US" xlink:label="lab_lyg_BankOfScotlandPlcMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank Of Scotland Plc [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BankOfScotlandPlcMember" xlink:href="lyg-20251231.xsd#lyg_BankOfScotlandPlcMember"/>
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    <link:label id="lab_lyg_MortgageAccountsInSpecificSegmentsMember_019c5283-d8e9-7e9e-afc0-2c689ff737c4_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-20251231.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_019c5283-d865-7b04-8d8f-34f98159c24b_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>
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    <link:label id="lab_lyg_MovementsInRevaluationReserveInRespectOfFinancialAssetsHeldAtFairValueThroughOtherComprehensiveIncomeNetOfTaxAbstract_documentation_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfFinancialAssetsHeldAtFairValueThroughOtherComprehensiveIncomeNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" 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</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_019c5283-d865-7bac-a5d0-922873901e1c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk [text block]</link:label>
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    <link:label id="lab_sic_Z2000toZ3999_019c5283-d8e9-763d-95ad-d900d8857ce0_terseLabel_en-US" xlink:label="lab_sic_Z2000toZ3999" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Manufacturing</link:label>
    <link:label id="lab_sic_Z2000toZ3999_label_en-US" xlink:label="lab_sic_Z2000toZ3999" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2000 to 3999 Manufacturing [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_sic_Z2000toZ3999" xlink:href="https://xbrl.sec.gov/sic/2025/sic-2025.xsd#sic_Z2000toZ3999"/>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsTable_019c5283-d865-71fd-9c0b-73eca2a9b441_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsTable" 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 components [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsTable" 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 components [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsTable"/>
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    <link:label id="lab_ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of basis of preparation of financial statements [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory"/>
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    <link:label id="lab_lyg_TreasurySharesHeld_019c5283-da11-7818-8069-5e6ab1f7f25b_terseLabel_en-US" xlink:label="lab_lyg_TreasurySharesHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury shares held (in shares)</link:label>
    <link:label id="lab_lyg_TreasurySharesHeld_label_en-US" xlink:label="lab_lyg_TreasurySharesHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TreasurySharesHeld</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TreasurySharesHeld" xlink:href="lyg-20251231.xsd#lyg_TreasurySharesHeld"/>
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    <link:label id="lab_lyg_WeightedAverageExpectedLife_019c5283-d8e9-7a45-9257-c2b05c6855ca_terseLabel_en-US" xlink:label="lab_lyg_WeightedAverageExpectedLife" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average expected life (in years)</link:label>
    <link:label id="lab_lyg_WeightedAverageExpectedLife_label_en-US" xlink:label="lab_lyg_WeightedAverageExpectedLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">WeightedAverageExpectedLife</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WeightedAverageExpectedLife" xlink:href="lyg-20251231.xsd#lyg_WeightedAverageExpectedLife"/>
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    <link:label id="lab_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract_019c5283-d974-7ef6-8ac8-567a42394cb8_terseLabel_en-US" xlink:label="lab_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the fair value of scheme assets</link:label>
    <link:label id="lab_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract_label_en-US" xlink:label="lab_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ChangesInTheFairValueOfSchemeAssets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract" xlink:href="lyg-20251231.xsd#lyg_ChangesInTheFairValueOfSchemeAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract" xlink:to="lab_lyg_ChangesInTheFairValueOfSchemeAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_019c5283-da11-7bea-88f9-b9fe6b20db41_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember_019c5283-d7c1-7ad4-ae23-a28113f7b433_terseLabel_en-US" xlink:label="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.582% Fixed Rate Dated Subordinated Notes 2025 ($25.6 million)</link:label>
    <link:label id="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember_label_en-US" xlink:label="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.582% Fixed Rate Dated Subordinated Notes 2025 ($25.6 million) [Member]</link:label>
    <link:label id="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember_documentation_en-US" xlink:label="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.582% Fixed Rate Dated Subordinated Notes 2025 ($25.6 million)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember" xlink:href="lyg-20251231.xsd#lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember" xlink:to="lab_lyg_A4.582FixedRateDatedSubordinatedNotes202525.6MillionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain_019c5283-d7c1-70ad-881b-d91ac29761d6_terseLabel_en-US" xlink:label="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type Of Movements In Allowance For Impairment Losses [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain_label_en-US" xlink:label="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Movements In Allowance For Impairment Losses [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain_documentation_en-US" xlink:label="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Type Of Movements In Allowance For Impairment Losses [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain" xlink:to="lab_lyg_TypeOfMovementsInAllowanceForImpairmentLossesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InflowsMember_019c5283-d975-735b-9b56-f9dde029b5aa_terseLabel_en-US" xlink:label="lab_lyg_InflowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross settled derivatives &#8211; inflows</link:label>
    <link:label id="lab_lyg_InflowsMember_label_en-US" xlink:label="lab_lyg_InflowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inflows [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InflowsMember" xlink:href="lyg-20251231.xsd#lyg_InflowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InflowsMember" xlink:to="lab_lyg_InflowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Assets_019c5283-d974-77a9-a508-0731d29a8d61_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_019c5283-d974-7e6c-8ca0-40ab688df17f_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_019c5283-d974-7eda-8dd0-45df74ee3f1b_terseLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SchrodersPersonalWealthLimitedSPWMember_019c5283-d7c1-7fd0-9b7f-673cb3cbd0df_terseLabel_en-US" xlink:label="lab_lyg_SchrodersPersonalWealthLimitedSPWMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schroders Personal Wealth Limited (SPW)</link:label>
    <link:label id="lab_lyg_SchrodersPersonalWealthLimitedSPWMember_label_en-US" xlink:label="lab_lyg_SchrodersPersonalWealthLimitedSPWMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schroders Personal Wealth Limited (SPW) [Member]</link:label>
    <link:label id="lab_lyg_SchrodersPersonalWealthLimitedSPWMember_documentation_en-US" xlink:label="lab_lyg_SchrodersPersonalWealthLimitedSPWMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schroders Personal Wealth Limited (SPW)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SchrodersPersonalWealthLimitedSPWMember" xlink:href="lyg-20251231.xsd#lyg_SchrodersPersonalWealthLimitedSPWMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SchrodersPersonalWealthLimitedSPWMember" xlink:to="lab_lyg_SchrodersPersonalWealthLimitedSPWMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingLeaseIncome_019c5283-da11-7e7d-b593-0bd79b74368d_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingLeaseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating lease rental income</link:label>
    <link:label id="lab_ifrs-full_OperatingLeaseIncome_label_en-US" xlink:label="lab_ifrs-full_OperatingLeaseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating lease income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingLeaseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingLeaseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingLeaseIncome" xlink:to="lab_ifrs-full_OperatingLeaseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member_019c5283-d7c1-7e58-bb97-4c99368cba54_terseLabel_en-US" xlink:label="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$500,000,000 Senior Callable Floating Rate Notes due 2029</link:label>
    <link:label id="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member_label_en-US" xlink:label="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$500,000,000 Senior Callable Floating Rate Notes due 2029 [Member]</link:label>
    <link:label id="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member_documentation_en-US" xlink:label="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$500,000,000 Senior Callable Floating Rate Notes due 2029</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member" xlink:href="lyg-20251231.xsd#lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member" xlink:to="lab_lyg_A500000000SeniorCallableFloatingRateNotesDue2029Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_019c5283-d974-71c9-90e5-02005fbe41a6_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_019c5283-d974-79a2-9623-8ac453cc01bf_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase agreements held at fair value</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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_019c5283-da11-7ae9-8eb9-d68445894411_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Current tax expense</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax expense (income) and adjustments for current tax of prior periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory_019c5283-d865-7baf-bf1c-142a03ab40fa_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance lease receivables</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of finance lease payments receivable [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksAndCustomers_019c5283-d974-7b9f-a923-e1adcb9b3487_terseLabel_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksAndCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to banks and customers</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksAndCustomers_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksAndCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Advances To Banks And Customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToBanksAndCustomers" xlink:href="lyg-20251231.xsd#lyg_LoansAndAdvancesToBanksAndCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAndAdvancesToBanksAndCustomers" xlink:to="lab_lyg_LoansAndAdvancesToBanksAndCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentPropertyMember_019c5283-da11-7579-b1fa-b9121d9270b6_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentPropertyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment property</link:label>
    <link:label id="lab_ifrs-full_InvestmentPropertyMember_label_en-US" xlink:label="lab_ifrs-full_InvestmentPropertyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment property [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentPropertyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentPropertyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentPropertyMember" xlink:to="lab_ifrs-full_InvestmentPropertyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_019c5283-d8e9-73ff-8bff-96d865d28fd5_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of interest rates [Axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfInterestRatesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:to="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs_019c5283-d7c1-7ef6-a938-dd07d915280e_terseLabel_en-US" xlink:label="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money redeemed from disposal of unconsolidated OEICs</link:label>
    <link:label id="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs_label_en-US" xlink:label="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Money Redeemed From Disposal Of Unconsolidated OEICs</link:label>
    <link:label id="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs_documentation_en-US" xlink:label="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Money redeemed in the unconsolidated collective investment vehicles during the year.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs" xlink:href="lyg-20251231.xsd#lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs" xlink:to="lab_lyg_MoneyRedeemedFromDisposalOfUnconsolidatedOEICs" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems_019c5283-d865-75c0-983b-2a3eed8f6feb_terseLabel_en-US" xlink:label="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems_label_en-US" xlink:label="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions old 1 [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems" xlink:href="lyg-20251231.xsd#lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems" xlink:to="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsOld1LineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems_019c5283-da11-711a-8335-6bc2c6855f02_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitChargestoIncomeStatementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Revenue_019c5283-da98-787c-9df2-76de9b7bfd47_terseLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total income</link:label>
    <link:label id="lab_ifrs-full_Revenue_label_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Revenue"/>
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    <link:label id="lab_lyg_PlugInHybridVehiclesMember_019c5283-d8e9-752f-a556-aed92e3ec88e_terseLabel_en-US" xlink:label="lab_lyg_PlugInHybridVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plug-in hybrid vehicles</link:label>
    <link:label id="lab_lyg_PlugInHybridVehiclesMember_label_en-US" xlink:label="lab_lyg_PlugInHybridVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plug-in Hybrid Vehicles [Member]</link:label>
    <link:label id="lab_lyg_PlugInHybridVehiclesMember_documentation_en-US" xlink:label="lab_lyg_PlugInHybridVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Plug-in Hybrid Vehicles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PlugInHybridVehiclesMember" xlink:href="lyg-20251231.xsd#lyg_PlugInHybridVehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PlugInHybridVehiclesMember" xlink:to="lab_lyg_PlugInHybridVehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock_019c5283-d865-7742-9f3d-f0c196b98073_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information about Total Impact on ECL per Scenario</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Total Impact On ECL Per Scenario [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock" 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 With Stage Allocation Per Scenario Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDetailedInformationAboutTotalImpactOnECLPerScenarioTableTextBlock"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_019c5283-d974-7a54-97c5-1d5dabebbf66_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" 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_FinancialAssetsAtFairValueThroughProfitOrLoss_019c5283-d974-73af-a8d3-639ec7d17b13_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total financial assets at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" 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</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_019c5283-d7c1-77ed-add5-278ce30537a4_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity address, city or town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock_019c5283-d7c1-796b-a8d6-77444fd35275_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fair Values and Notional Amounts of Derivative Instruments</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Fair Value And Notional Amounts Of Derivative Instruments [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Fair Value And Notional Amounts Of Derivative Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock" xlink:to="lab_lyg_DisclosureOfDetailedInformationAboutFairValueAndNotionalAmountsOfDerivativeInstrumentsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_019c5283-da98-7c3a-8f1e-f270a43709a8_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital &#163;m</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory_019c5283-d974-7ebc-918a-68c61f0cff0a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Average Number of Persons Employed by the Group</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about employees [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherReservesMember_019c5283-d865-7bda-9345-87008c38c32c_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 &#163;m</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_lyg_DEFERREDTAXDetailsTable_019c5283-d8e9-73cc-9104-7959f670c002_terseLabel_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Narrative [Table]</link:label>
    <link:label id="lab_lyg_DEFERREDTAXDetailsTable_label_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEFERREDTAXDetailsTable" xlink:href="lyg-20251231.xsd#lyg_DEFERREDTAXDetailsTable"/>
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    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_019c5283-d865-78ef-8e69-228304d40d6f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about key management personnel [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory"/>
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    <link:label id="lab_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember_019c5283-da98-7b11-9a48-3696b5f22c1e_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group employee share ownership trust</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Employee Share Ownernship Trust [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember" xlink:to="lab_lyg_LloydsBankingGroupEmployeeShareOwnernshipTrustMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_019c5283-da11-73d8-8caa-b11c63b7d995_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity emerging growth company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
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    <link:label id="lab_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets_019c5283-da11-7aa6-bfe3-e7943c59f794_terseLabel_en-US" xlink:label="lab_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voluntary financial or other support to repurchase assets</link:label>
    <link:label id="lab_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets_label_en-US" xlink:label="lab_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Voluntary Financial Or Other Support To Repurchase Assets</link:label>
    <link:label id="lab_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets_documentation_en-US" xlink:label="lab_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Voluntary Financial Or Other Support To Repurchase Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets" xlink:href="lyg-20251231.xsd#lyg_VoluntaryFinancialOrOtherSupportToRepurchaseAssets"/>
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    <link:label id="lab_lyg_CommercialBankingMember_019c5283-d7c1-7124-a4fd-86d3727ad8e4_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:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingMember" xlink:href="lyg-20251231.xsd#lyg_CommercialBankingMember"/>
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    <link:label id="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems_019c5283-d865-7a0c-a500-2411ac0fdbc4_terseLabel_en-US" xlink:label="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems_label_en-US" xlink:label="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems_documentation_en-US" xlink:label="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems" xlink:href="lyg-20251231.xsd#lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems" xlink:to="lab_lyg_OTHERPROVISIONSDetailsScheduleOfAssumptionsForOtherProvisionsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UndatedSubordinatedLiabilities_019c5283-d865-76c1-b487-200c791b83d8_terseLabel_en-US" xlink:label="lab_ifrs-full_UndatedSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Undated subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_UndatedSubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_UndatedSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Undated subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UndatedSubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UndatedSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UndatedSubordinatedLiabilities" xlink:to="lab_ifrs-full_UndatedSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems_019c5283-da98-71b7-bca0-84994f599ca7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of nature and extent of risks that arise from contracts within scope of IFRS 17 [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of nature and extent of risks that arise from contracts within scope of IFRS 17 [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems" xlink:to="lab_ifrs-full_DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17LineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax_019c5283-da11-7492-883b-c2faa1a6ef18_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:label id="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax_documentation_en-US" xlink:label="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" 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-20251231.xsd#lyg_DistributionsOnOtherEquityInstrumentsNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax" xlink:to="lab_lyg_DistributionsOnOtherEquityInstrumentsNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019c5283-da11-7e40-89e5-6ed61716fde0_verboseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investments in joint ventures and associates at end of year</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019c5283-da11-742c-a9bf-2fdb93d45caa_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in joint ventures and associates</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in subsidiaries, joint ventures and associates reported in separate financial statements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PriorYearMember_019c5283-da98-7813-852c-a69956fe6a5b_terseLabel_en-US" xlink:label="lab_lyg_PriorYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Awards made in respect of earlier years</link:label>
    <link:label id="lab_lyg_PriorYearMember_label_en-US" xlink:label="lab_lyg_PriorYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prior Year [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PriorYearMember" xlink:href="lyg-20251231.xsd#lyg_PriorYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PriorYearMember" xlink:to="lab_lyg_PriorYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems_019c5283-d974-70f1-a4fb-d3ab542be9a6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information about expected recognition of contractual service margin in profit or loss [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about expected recognition of contractual service margin in profit or loss [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutExpectedRecognitionOfContractualServiceMarginInProfitOrLossLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_019c5283-da12-7b6d-b2b5-a488dd392557_negatedLabel_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposals and other movements</link:label>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset_019c5283-d8e9-7f05-8930-a4c8575e36a8_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfer to other items in the balance sheet</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Transfers To Other Items In the Balance Sheet, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Transfers To Other Items In the Balance Sheet, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset" xlink:to="lab_lyg_IncreaseDecreaseThroughTransfersToOtherItemsInTheBalanceSheetInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfCurrentBorrowings_019c5283-da11-7449-90c5-65bd2ca597c5_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Redemptions</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfCurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfCurrentBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:to="lab_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SwapContractMember_019c5283-d8e9-77e1-b8dc-1766462c91de_terseLabel_en-US" xlink:label="lab_ifrs-full_SwapContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Swap contract</link:label>
    <link:label id="lab_ifrs-full_SwapContractMember_label_en-US" xlink:label="lab_ifrs-full_SwapContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swap contract [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SwapContractMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SwapContractMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SwapContractMember" xlink:to="lab_ifrs-full_SwapContractMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CoveredBondProgrammeMember_019c5283-d865-7c20-bfa5-291f748939eb_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:loc xlink:type="locator" xlink:label="loc_lyg_CoveredBondProgrammeMember" xlink:href="lyg-20251231.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_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory_019c5283-d8e9-7993-ac3a-f76296a6a4c5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Structured entities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about interests in structured entity [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IssueOfOtherEquityInstruments_019c5283-d865-758f-84a7-497abb31149c_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 (note 33)</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:loc xlink:type="locator" xlink:label="loc_lyg_IssueOfOtherEquityInstruments" xlink:href="lyg-20251231.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_ifrs-full_RightofuseAssetsMember_019c5283-d8e9-7ce2-b638-6d67cb59d436_terseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right-of-use assets (note 25)</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssetsMember_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RightofuseAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssetsMember" xlink:to="lab_ifrs-full_RightofuseAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashFlowsMember_019c5283-d865-7f1b-a7b8-a15d18f16eac_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_lyg_CurrentYearQuarterFourMember_019c5283-d975-7283-a9dd-00f14c56980b_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 2025 %</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-20251231.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_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable_019c5283-da98-7d43-9ee0-74124bbce19a_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Oher Post-Retirement Benefits Obligation [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Oher Post-Retirement Benefits Obligation [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMovementsinOherPostRetirementBenefitsObligationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AssetBackedConduitAxis_019c5283-da11-770b-8416-ec7d74589b26_terseLabel_en-US" xlink:label="lab_lyg_AssetBackedConduitAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset backed conduit [Axis]</link:label>
    <link:label id="lab_lyg_AssetBackedConduitAxis_label_en-US" xlink:label="lab_lyg_AssetBackedConduitAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Backed Conduit [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AssetBackedConduitAxis" xlink:href="lyg-20251231.xsd#lyg_AssetBackedConduitAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AssetBackedConduitAxis" xlink:to="lab_lyg_AssetBackedConduitAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedExplanatory_019c5283-d8e9-76f0-b018-2ad01a7f2707_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(G) Impacts of insurance and participating investment contracts recognised in the year</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of effect of insurance contracts initially recognised [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedExplanatory"/>
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    <link:label id="lab_lyg_A15000000005985SeniorCallableFixedToFixedRateNotesDue2027Member_019c5283-d8e9-71a0-bfff-340c3559070f_terseLabel_en-US" xlink:label="lab_lyg_A15000000005985SeniorCallableFixedToFixedRateNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.985% Senior Callable Fixed-to-Fixed Rate Notes due 2027</link:label>
    <link:label id="lab_lyg_A15000000005985SeniorCallableFixedToFixedRateNotesDue2027Member_label_en-US" xlink:label="lab_lyg_A15000000005985SeniorCallableFixedToFixedRateNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.985% Senior Callable Fixed-To-Fixed Rate Notes Due 2027 [Member]</link:label>
    <link:label id="lab_lyg_A15000000005985SeniorCallableFixedToFixedRateNotesDue2027Member_documentation_en-US" xlink:label="lab_lyg_A15000000005985SeniorCallableFixedToFixedRateNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.985% Senior Callable Fixed-To-Fixed Rate Notes Due 2027</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_019c5283-d7c1-7f74-8b20-d58956a77300_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average share price (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average share price, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019"/>
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    <link:label id="lab_lyg_CreditDerivativesMember_019c5283-da98-7698-b9ea-6b2532183138_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:loc xlink:type="locator" xlink:label="loc_lyg_CreditDerivativesMember" xlink:href="lyg-20251231.xsd#lyg_CreditDerivativesMember"/>
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    <link:label id="lab_dei_EntityAddressPostalZipCode_019c5283-d865-742d-9da5-dbd2e54ef621_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity address, postal zip code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
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    <link:label id="lab_lyg_UnemploymentIncrease1ppMember_019c5283-da11-7fac-9f39-d76264932e29_terseLabel_en-US" xlink:label="lab_lyg_UnemploymentIncrease1ppMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1pp increase in unemployment &#163;m</link:label>
    <link:label id="lab_lyg_UnemploymentIncrease1ppMember_label_en-US" xlink:label="lab_lyg_UnemploymentIncrease1ppMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unemployment Increase 1pp [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnemploymentIncrease1ppMember" xlink:href="lyg-20251231.xsd#lyg_UnemploymentIncrease1ppMember"/>
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    <link:label id="lab_lyg_MarketRiskAbstract_019c5283-d7c1-7b90-9c89-f6fc617f91c8_terseLabel_en-US" xlink:label="lab_lyg_MarketRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market risk [Abstract]</link:label>
    <link:label id="lab_lyg_MarketRiskAbstract_label_en-US" xlink:label="lab_lyg_MarketRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market risk [Abstract]</link:label>
    <link:label id="lab_lyg_MarketRiskAbstract_documentation_en-US" xlink:label="lab_lyg_MarketRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market risk [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MarketRiskAbstract" xlink:href="lyg-20251231.xsd#lyg_MarketRiskAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MarketRiskAbstract" xlink:to="lab_lyg_MarketRiskAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForOtherServices_019c5283-d974-7d3a-8296-455f5f3fc668_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other non-audit fees</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForOtherServices_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration for other services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationForOtherServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemunerationForOtherServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemunerationForOtherServices" xlink:to="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_USDToGBPMember_019c5283-d974-7796-8b48-5d6450b09c02_terseLabel_en-US" xlink:label="lab_lyg_USDToGBPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average USD/GBP exchange rate</link:label>
    <link:label id="lab_lyg_USDToGBPMember_label_en-US" xlink:label="lab_lyg_USDToGBPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">USD To GBP [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_USDToGBPMember" xlink:href="lyg-20251231.xsd#lyg_USDToGBPMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_019c5283-da98-7c8a-a125-8f07c1267712_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"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_019c5283-d865-7605-99d7-b39aaa71408f_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue recognition</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue"/>
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    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsTable_019c5283-d8e9-79ca-b10a-6864e630b4c1_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsTable"/>
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    <link:label id="lab_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_019c5283-d865-7a8d-95d7-a84a520cd554_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of new properties</link:label>
    <link:label id="lab_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_label_en-US" xlink:label="lab_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions from acquisitions, investment property</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCost_019c5283-da98-74c5-85bb-21b8589ac09f_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_019c5283-da98-73e2-a8f0-902532d08fe0_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCost_019c5283-da98-7e4e-af57-a8ddfbe33273_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net position</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCost_019c5283-da98-7832-b2b0-56427d99d476_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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"/>
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    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsLineItems_019c5283-da11-7143-81e7-0aca7635567c_terseLabel_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Performance-Based Compensation Costs [Line Items]</link:label>
    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsLineItems_label_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Performance-Based Compensation Costs [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsLineItems" xlink:href="lyg-20251231.xsd#lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsLineItems"/>
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    <link:label id="lab_lyg_ACCOUNTINGPOLICIESLineItems_019c5283-d7c1-7dcd-b919-e5b1f0066c71_terseLabel_en-US" xlink:label="lab_lyg_ACCOUNTINGPOLICIESLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ACCOUNTING POLICIES [Line Items]</link:label>
    <link:label id="lab_lyg_ACCOUNTINGPOLICIESLineItems_label_en-US" xlink:label="lab_lyg_ACCOUNTINGPOLICIESLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ACCOUNTING POLICIES [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ACCOUNTINGPOLICIESLineItems" xlink:href="lyg-20251231.xsd#lyg_ACCOUNTINGPOLICIESLineItems"/>
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    <link:label id="lab_lyg_KeyAssumptionOfGrossDomesticProductGrowth_019c5283-d7c1-736a-a3f5-a5ff4bd98a80_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-20251231.xsd#lyg_KeyAssumptionOfGrossDomesticProductGrowth"/>
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    <link:label id="lab_lyg_DependantsMember_019c5283-d975-7cdd-b687-1299222cb8c4_terseLabel_en-US" xlink:label="lab_lyg_DependantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dependants</link:label>
    <link:label id="lab_lyg_DependantsMember_label_en-US" xlink:label="lab_lyg_DependantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dependants [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DependantsMember" xlink:href="lyg-20251231.xsd#lyg_DependantsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DependantsMember" xlink:to="lab_lyg_DependantsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsLineItems_019c5283-da98-753d-a942-476f136e8d1a_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofAmountsandResidualMaturitiesoftheGroupsOffBalanceSheetContingentLiabilitiesandCommitmentsLineItems"/>
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    <link:label id="lab_lyg_RMSGrade3Member_019c5283-d865-77bd-9028-fe5a0b8303e1_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3</link:label>
    <link:label id="lab_lyg_RMSGrade3Member_label_en-US" xlink:label="lab_lyg_RMSGrade3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 3 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade3Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 3</link:label>
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    <link:label id="lab_lyg_CustomerLoansMember_019c5283-d974-7872-bded-11726424bf1b_terseLabel_en-US" xlink:label="lab_lyg_CustomerLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer loans</link:label>
    <link:label id="lab_lyg_CustomerLoansMember_label_en-US" xlink:label="lab_lyg_CustomerLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CustomerLoansMember" xlink:href="lyg-20251231.xsd#lyg_CustomerLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CustomerLoansMember" xlink:to="lab_lyg_CustomerLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable_019c5283-d8e9-7d5f-9044-b50afe8d73a7_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Probability of Default Loans and Advances [Table]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary_019c5283-da98-717d-af01-00f8af3102d0_terseLabel_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum number of shares to be awarded, exceptional circumstances, percentage of annual salary</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary_label_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Maximum Number Of Shares To Be Awarded, Exceptional Circumstances, Percentage Of Annual Salary</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary_documentation_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Maximum Number Of Shares To Be Awarded, Exceptional Circumstances, Percentage Of Annual Salary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary" xlink:href="lyg-20251231.xsd#lyg_ShareBasedPaymentArrangementsMaximumNumberOfSharesToBeAwardedExceptionalCircumstancesPercentageOfAnnualSalary"/>
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    <link:label id="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_019c5283-da98-7462-b1e4-e2b623b96b1d_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_019c5283-da98-7678-a7f1-6157a6b73bb5_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_lyg_CreditValuationAdjustmentMember_019c5283-d865-7baa-87d8-51913f5bd35d_terseLabel_en-US" xlink:label="lab_lyg_CreditValuationAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Valuation Adjustment</link:label>
    <link:label id="lab_lyg_CreditValuationAdjustmentMember_label_en-US" xlink:label="lab_lyg_CreditValuationAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Valuation Adjustment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CreditValuationAdjustmentMember" xlink:href="lyg-20251231.xsd#lyg_CreditValuationAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CreditValuationAdjustmentMember" xlink:to="lab_lyg_CreditValuationAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps_019c5283-da98-793e-88a5-752b49387dd2_terseLabel_en-US" xlink:label="lab_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of scheme assets invested in bonds, fixed interest gilts, index linked gilts and interest rate and inflation swaps</link:label>
    <link:label id="lab_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps_label_en-US" xlink:label="lab_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Of Scheme Assets Invested In Bonds, Fixed Interest Gilts, Index Linked Gilts And Interest Rate And Inflation Swaps</link:label>
    <link:label id="lab_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps_documentation_en-US" xlink:label="lab_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Of Scheme Assets Invested In Bonds, Fixed Interest Gilts, Index Linked Gilts And Interest Rate And Inflation Swaps</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps" xlink:href="lyg-20251231.xsd#lyg_ShareOfSchemeAssetsInvestedInBondsFixedInterestGiltsIndexLinkedGiltsAndInterestRateAndInflationSwaps"/>
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    <link:label id="lab_ifrs-full_AssetsObtained_019c5283-d865-7640-938f-1c53e41e22b5_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsObtained" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets obtained by taking possession of collateral or calling on other credit enhancements</link:label>
    <link:label id="lab_ifrs-full_AssetsObtained_label_en-US" xlink:label="lab_ifrs-full_AssetsObtained" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets obtained by taking possession of collateral or calling on other credit enhancements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsObtained" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsObtained"/>
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    <link:label id="lab_lyg_CorporateInsolvencyRatesMember_019c5283-d865-7ff8-889d-22b64f2332a2_terseLabel_en-US" xlink:label="lab_lyg_CorporateInsolvencyRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate Insolvency Rates</link:label>
    <link:label id="lab_lyg_CorporateInsolvencyRatesMember_label_en-US" xlink:label="lab_lyg_CorporateInsolvencyRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Insolvency Rates [Member]</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CorporateInsolvencyRatesMember" xlink:href="lyg-20251231.xsd#lyg_CorporateInsolvencyRatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CorporateInsolvencyRatesMember" xlink:to="lab_lyg_CorporateInsolvencyRatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesLineItems_019c5283-d8e9-7072-8ca5-34056504b748_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of actual claims compared with previous estimates [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of actual claims compared with previous estimates [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfActualClaimsComparedWithPreviousEstimatesLineItems"/>
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    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_019c5283-d865-72a2-b9b3-f15d0586ee0e_verboseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average risk-free interest rate (in percent)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk free interest rate, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
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    <link:label id="lab_lyg_DisclosureOfRetailMortgagesTableTextBlock_019c5283-d8e9-7c4f-9970-3dca44c2994c_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfRetailMortgagesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Retail Mortgages</link:label>
    <link:label id="lab_lyg_DisclosureOfRetailMortgagesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfRetailMortgagesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Retail Mortgages [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfRetailMortgagesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfRetailMortgagesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfRetailMortgagesTableTextBlock" xlink:to="lab_lyg_DisclosureOfRetailMortgagesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems_019c5283-da11-7184-9154-cec4c1920acd_terseLabel_en-US" xlink:label="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CONSOLIDATED CASH FLOW STATEMENT (Details) - Schedule of Acquisition of Group Undertakings and Businesses [Line Items]</link:label>
    <link:label id="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems_label_en-US" xlink:label="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CONSOLIDATED CASH FLOW STATEMENT (Details) - Schedule of Non-Cash and Other Items [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems" xlink:href="lyg-20251231.xsd#lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems" xlink:to="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofNonCashandOtherItemsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradingIncomeExpense_019c5283-d974-7ee2-a21e-e77f48b5c414_terseLabel_en-US" xlink:label="lab_ifrs-full_TradingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net trading income</link:label>
    <link:label id="lab_ifrs-full_TradingIncomeExpense_019c5283-d974-7f67-96df-14b1bc893f6d_totalLabel_en-US" xlink:label="lab_ifrs-full_TradingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net trading income</link:label>
    <link:label id="lab_ifrs-full_TradingIncomeExpense_label_en-US" xlink:label="lab_ifrs-full_TradingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradingIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingIncomeExpense"/>
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    <link:label id="lab_lyg_DeferredMembersMember_019c5283-da12-72b4-b98d-ab604e93d3c9_terseLabel_en-US" xlink:label="lab_lyg_DeferredMembersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred members</link:label>
    <link:label id="lab_lyg_DeferredMembersMember_label_en-US" xlink:label="lab_lyg_DeferredMembersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Members [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredMembersMember" xlink:href="lyg-20251231.xsd#lyg_DeferredMembersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredMembersMember" xlink:to="lab_lyg_DeferredMembersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LegalProceedingsContingentLiabilityMember_019c5283-d974-705b-b72a-905d13972e3e_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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LegalProceedingsContingentLiabilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:to="lab_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksNoncurrent_019c5283-d865-7d84-a57f-6bd04d1b2cea_negatedLabel_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksNoncurrent" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less amounts with a maturity of three months or more</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksNoncurrent_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Advances To Banks Noncurrent</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksNoncurrent_documentation_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksNoncurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of loans and advances the entity has made to banks, with a maturity of 3 months or more</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToBanksNoncurrent" xlink:href="lyg-20251231.xsd#lyg_LoansAndAdvancesToBanksNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAndAdvancesToBanksNoncurrent" xlink:to="lab_lyg_LoansAndAdvancesToBanksNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RetailAndCommercialBankingMember_019c5283-d7c1-7d52-8bc5-d61e1ef03d15_terseLabel_en-US" xlink:label="lab_lyg_RetailAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail and Commercial Banking</link:label>
    <link:label id="lab_lyg_RetailAndCommercialBankingMember_label_en-US" xlink:label="lab_lyg_RetailAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail and Commercial Banking [Member]</link:label>
    <link:label id="lab_lyg_RetailAndCommercialBankingMember_documentation_en-US" xlink:label="lab_lyg_RetailAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail and Commercial Banking</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailAndCommercialBankingMember" xlink:href="lyg-20251231.xsd#lyg_RetailAndCommercialBankingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RetailAndCommercialBankingMember" xlink:to="lab_lyg_RetailAndCommercialBankingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_019c5283-d974-72c0-b501-ad4fcc7b658d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" 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_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other operating income (expense) [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_019c5283-d8e9-7a5c-8e8e-4ce666435aa1_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange</link:label>
    <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_TradingLossesMember_019c5283-d974-74be-a60c-c5e92c5d1cd1_terseLabel_en-US" xlink:label="lab_lyg_TradingLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading losses</link:label>
    <link:label id="lab_lyg_TradingLossesMember_label_en-US" xlink:label="lab_lyg_TradingLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Losses [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TradingLossesMember" xlink:href="lyg-20251231.xsd#lyg_TradingLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TradingLossesMember" xlink:to="lab_lyg_TradingLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCountry_019c5283-d7c1-710d-9b5c-5dc6d42bae4b_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity address, country</link:label>
    <link:label id="lab_dei_EntityAddressCountry_label_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCountry" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCountry" xlink:to="lab_dei_EntityAddressCountry" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory_019c5283-d974-7750-9c54-5e127c14dc3f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis for liquidity risk that arises from contracts within scope of IFRS 17</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis for liquidity risk that arises from contracts within scope of IFRS 17 [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisForLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17Explanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable_019c5283-da11-79b5-b8c9-83b74c3cb0d8_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_MajorOrdinaryShareTransactionsMember_019c5283-da11-7d35-bcde-3060fcd05e3c_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major ordinary share transactions</link:label>
    <link:label id="lab_ifrs-full_MajorOrdinaryShareTransactionsMember_label_en-US" xlink:label="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major ordinary share transactions [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset_019c5283-d974-73c7-ad2c-ae54b04c6bd1_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Insurance service result</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance service result, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AmountChangeDomain_019c5283-d974-74f9-9ded-d32047f9db84_terseLabel_en-US" xlink:label="lab_lyg_AmountChangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount change [Domain]</link:label>
    <link:label id="lab_lyg_AmountChangeDomain_label_en-US" xlink:label="lab_lyg_AmountChangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AmountChange [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AmountChangeDomain" xlink:href="lyg-20251231.xsd#lyg_AmountChangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AmountChangeDomain" xlink:to="lab_lyg_AmountChangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentAnnualReport_019c5283-d8e9-7a08-bf73-5cd493c81f77_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document annual report</link:label>
    <link:label id="lab_dei_DocumentAnnualReport_label_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAnnualReport" xlink:to="lab_dei_DocumentAnnualReport" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems_019c5283-d865-7270-924a-5a7a40174027_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofConcentrationofExposureLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_019c5283-da98-788d-8037-bb537e39e0d5_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_InterimDividendMember_019c5283-d865-74fe-a1ec-8d18c19c5095_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 paid in the year</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-20251231.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_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems_019c5283-da98-7335-a46f-96006e219834_terseLabel_en-US" xlink:label="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TRANSFERS OF FINANCIAL ASSETS (Details) - Schedule of Transfered Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TRANSFERS OF FINANCIAL ASSETS (Details) - Schedule of Transferred Assets and Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems" xlink:to="lab_lyg_TRANSFERSOFFINANCIALASSETSDetailsScheduleOfTransferredAssetsAndLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset_019c5283-da11-7a05-85c7-0af1f485183f_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Exchange differences</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Exchange Differences, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Exchange Differences, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset" xlink:to="lab_lyg_IncreaseDecreaseThroughExchangeDifferencesInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_019c5283-d975-7519-83fe-715279833558_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial risk management</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial risk management [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock_019c5283-d8e9-7c82-8cfe-8f75f9c2ce02_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fees Payable to Auditors</link:label>
    <link:label id="lab_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfFeesPayableToAuditors [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock" xlink:to="lab_lyg_DisclosureOfFeesPayableToAuditorsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract_019c5283-d8e9-7599-877a-f99100ef93f9_terseLabel_en-US" xlink:label="lab_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Analysis of underlying other income:</link:label>
    <link:label id="lab_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract_label_en-US" xlink:label="lab_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstract [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract" xlink:href="lyg-20251231.xsd#lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract" xlink:to="lab_lyg_AnalysisOfSegmentUnderlyingOtherIncomeNetOfInsuranceClaimsAbstractAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders_019c5283-da11-7c8c-8f46-426709f05fb4_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax (expense) credit attributable to policyholders</link:label>
    <link:label id="lab_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders_label_en-US" xlink:label="lab_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Expense (Credit) Attributable To Policyholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders" xlink:href="lyg-20251231.xsd#lyg_IncomeTaxExpenseCreditAttributableToPolicyholders"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders" xlink:to="lab_lyg_IncomeTaxExpenseCreditAttributableToPolicyholders" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory_019c5283-da12-7dd8-a037-a7061ef0aa8c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" 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_DisclosureOfOtherLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement_019c5283-da11-717d-92f6-9a2f97752d9e_terseLabel_en-US" xlink:label="lab_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associated liabilities that entity continues to recognise to extent of continuing involvement</link:label>
    <link:label id="lab_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement_label_en-US" xlink:label="lab_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associated liabilities that entity continues to recognise to extent of continuing involvement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:to="lab_ifrs-full_AssociatedLiabilitiesThatEntityContinuesToRecogniseToExtentOfContinuingInvolvement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory_019c5283-da98-789d-a45d-226dbf5a3bc3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" 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_DisclosureOfFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities_019c5283-d974-76a2-9559-194a0f8fa87f_terseLabel_en-US" xlink:label="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total assets of structured entities</link:label>
    <link:label id="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities_label_en-US" xlink:label="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Asset Value Of Unconsolidated Structured Entities</link:label>
    <link:label id="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities_documentation_en-US" xlink:label="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Asset Value Of Unconsolidated Structured Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities" xlink:href="lyg-20251231.xsd#lyg_TotalAssetValueOfUnconsolidatedStructuredEntities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities" xlink:to="lab_lyg_TotalAssetValueOfUnconsolidatedStructuredEntities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities_019c5283-d974-7536-a12f-c43b01698073_terseLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period</link:label>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities" xlink:to="lab_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SecuritisationProgrammeMember_019c5283-da98-7202-9618-c66414828db6_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 programmes</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:loc xlink:type="locator" xlink:label="loc_lyg_SecuritisationProgrammeMember" xlink:href="lyg-20251231.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_ifrs-full_DisclosureOfCreditRiskExposureTable_019c5283-da11-724a-9f9e-6e97a59f4292_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_019c5283-d974-7a5c-bd91-9a7b257bef6e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting policies</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of material accounting policy information [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_019c5283-d865-7080-9a86-40f3637052ec_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption"/>
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    <link:label id="lab_ifrs-full_OtherLiabilities_019c5283-d865-73e0-92ee-1ca1dbf6b45c_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_019c5283-d865-72e8-95b2-bb3f78ae5c8a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_OtherLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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_ifrs-full_PensionDefinedBenefitPlansMember_019c5283-d974-755f-b1a7-2017e34343f8_terseLabel_en-US" xlink:label="lab_ifrs-full_PensionDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension liabilities &#163;m</link:label>
    <link:label id="lab_ifrs-full_PensionDefinedBenefitPlansMember_label_en-US" xlink:label="lab_ifrs-full_PensionDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension defined benefit plans [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PensionDefinedBenefitPlansMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PensionDefinedBenefitPlansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PensionDefinedBenefitPlansMember" xlink:to="lab_ifrs-full_PensionDefinedBenefitPlansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToCustomers_019c5283-da98-749a-87fe-20ea14d1023e_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_lyg_RemediationNetOfInsuranceClaims_019c5283-d7c1-7b19-b0be-6a31c585e19b_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-20251231.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_FINANCIALRISKMANAGEMENTDetailsScheduleofSecuritiesLendingTransactionsLineItems_019c5283-d974-7bf1-9e14-d5e70c3d27ca_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofSecuritiesLendingTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofSecuritiesLendingTransactionsLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofSecuritiesLendingTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items]</link:label>
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    <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_019c5283-da98-7bb8-9775-644174ccc5df_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>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DownsideMember" xlink:href="lyg-20251231.xsd#lyg_DownsideMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DownsideMember" xlink:to="lab_lyg_DownsideMember" xlink:type="arc" order="1"/>
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    <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>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts" xlink:href="lyg-20251231.xsd#lyg_OperatingExpensesAmountsAttributableToTheAcquisitionOfInsuranceAndParticipatingInvestmentContracts"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_019c5283-d974-78b1-9d67-369b8db95dd0_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, before tax</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income that will be reclassified to profit or loss, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
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    <link:label id="lab_ifrs-full_MergerReserveMember_019c5283-d8e9-7063-9414-36acd7afa8e6_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:label id="lab_ifrs-full_MergerReserveMember_label_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merger reserve [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserveMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MergerReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserveMember" xlink:to="lab_ifrs-full_MergerReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A8ConvertibleSecuritiesCallable2029Member_019c5283-d974-797c-907d-54014d6c4683_terseLabel_en-US" xlink:label="lab_lyg_A8ConvertibleSecuritiesCallable2029Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250 million 8% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2029</link:label>
    <link:label id="lab_lyg_A8ConvertibleSecuritiesCallable2029Member_label_en-US" xlink:label="lab_lyg_A8ConvertibleSecuritiesCallable2029Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">8% Convertible Securities Callable 2029 [Member]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_A8ConvertibleSecuritiesCallable2029Member" xlink:href="lyg-20251231.xsd#lyg_A8ConvertibleSecuritiesCallable2029Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A8ConvertibleSecuritiesCallable2029Member" xlink:to="lab_lyg_A8ConvertibleSecuritiesCallable2029Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GrossAssetsAndLiabilitiesMember_019c5283-d865-7ef5-b66e-c966e11e9165_terseLabel_en-US" xlink:label="lab_lyg_GrossAssetsAndLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross amounts of assets and liabilities &#163;m</link:label>
    <link:label id="lab_lyg_GrossAssetsAndLiabilitiesMember_label_en-US" xlink:label="lab_lyg_GrossAssetsAndLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Assets And Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GrossAssetsAndLiabilitiesMember" xlink:href="lyg-20251231.xsd#lyg_GrossAssetsAndLiabilitiesMember"/>
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    <link:label id="lab_lyg_GenderDomain_019c5283-d8e9-7197-b50a-5794e1d5bffe_terseLabel_en-US" xlink:label="lab_lyg_GenderDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gender [Domain]</link:label>
    <link:label id="lab_lyg_GenderDomain_label_en-US" xlink:label="lab_lyg_GenderDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gender [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GenderDomain" xlink:href="lyg-20251231.xsd#lyg_GenderDomain"/>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofAnalysisofDefinedBenefitObligationsTable_019c5283-da98-71d7-a734-272b5c145579_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofAnalysisofDefinedBenefitObligationsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Analysis of Defined Benefit Obligations [Table]</link:label>
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    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_019c5283-d8e9-7094-b8e0-027838b586cd_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Number of options outstanding, start of period (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_019c5283-d8e9-7fe6-b4de-9e639d219e47_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Number of options outstanding, end of period (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_label_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</link:label>
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    <link:label id="lab_lyg_RetailCreditCardsMember_019c5283-d7c1-7634-90aa-9f11dc31a610_terseLabel_en-US" xlink:label="lab_lyg_RetailCreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail &#8211; credit cards</link:label>
    <link:label id="lab_lyg_RetailCreditCardsMember_label_en-US" xlink:label="lab_lyg_RetailCreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail Credit Cards [Member]</link:label>
    <link:label id="lab_lyg_RetailCreditCardsMember_documentation_en-US" xlink:label="lab_lyg_RetailCreditCardsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Retail Credit Cards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailCreditCardsMember" xlink:href="lyg-20251231.xsd#lyg_RetailCreditCardsMember"/>
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    <link:label id="lab_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember_019c5283-d974-7ff9-811a-fdf9575ce7ac_terseLabel_en-US" xlink:label="lab_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total audit fees in respect of the statutory audit of Group entities</link:label>
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    <link:label id="lab_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember_documentation_en-US" xlink:label="lab_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Audit Fees, Statutory Audit Of Group Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember" xlink:href="lyg-20251231.xsd#lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember" xlink:to="lab_lyg_AuditFeesStatutoryAuditOfGroupEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A5.75UndatedStepUpSubordinatedNotesCallable2025Member_019c5283-d7c1-72ab-bc9a-74be48fc1d00_terseLabel_en-US" xlink:label="lab_lyg_A5.75UndatedStepUpSubordinatedNotesCallable2025Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5.75% Undated Step-up Subordinated Notes callable 2025 (&#163;9 million)</link:label>
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    <link:label id="lab_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_019c5283-da11-790f-9493-7cc85c11f696_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition-related costs for transaction</link:label>
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    <link:label id="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued_019c5283-d974-71ef-8819-a22c7b681a8c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Debt securities in issue at amortised cost</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on debt instruments issued</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory_019c5283-d974-7cd0-bd71-a0109fab6958_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net trading income (losses)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory_019c5283-d8e9-7b1b-8033-e7294e56d41f_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>
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    <link:label id="lab_ifrs-full_InterestRevenueExpense_019c5283-d865-7c40-ba80-4828d6c1ceab_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_019c5283-d865-766a-bbad-8d46fc80dc01_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_019c5283-d865-7cdd-b343-15378dc5f54e_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_019c5283-d865-73f9-970c-487f084ddd6d_netLabel_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Interest accreted</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"/>
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    <link:label id="lab_dei_EntityFilerCategory_019c5283-da11-7216-bc17-b72f7c3af2ec_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity filer category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_019c5283-da11-7886-b8f7-26035c233d68_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_019c5283-da11-7a45-a5c3-31297e8283c6_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reverse repurchase agreements held at fair value</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"/>
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    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanFiveYearsMember_019c5283-d8e9-71ca-8f14-2055cb1275c1_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2 to 5 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanFiveYearsMember"/>
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    <link:label id="lab_lyg_PaymentsInRespectOfRegulatoryAndLegalProvisions_019c5283-d865-7334-833d-bd125ded12f2_terseLabel_en-US" xlink:label="lab_lyg_PaymentsInRespectOfRegulatoryAndLegalProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments in respect of regulatory and legal provisions</link:label>
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    <link:label id="lab_lyg_PaymentsInRespectOfRegulatoryAndLegalProvisions_documentation_en-US" xlink:label="lab_lyg_PaymentsInRespectOfRegulatoryAndLegalProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments in respect of other regulatory provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaymentsInRespectOfRegulatoryAndLegalProvisions" xlink:href="lyg-20251231.xsd#lyg_PaymentsInRespectOfRegulatoryAndLegalProvisions"/>
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    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofLiabilitiesArisingFromInsuranceandParticipatingInvestmentContractsLineItems_019c5283-d8e9-7f02-8d9e-1627bf26cc13_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofLiabilitiesArisingFromInsuranceandParticipatingInvestmentContractsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Liabilities Arising From Insurance and Participating Investment Contracts [Line Items]</link:label>
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    <link:label id="lab_lyg_ForeignExchangeDomain_019c5283-d8e9-7643-aa6e-d6aa8c0653d0_terseLabel_en-US" xlink:label="lab_lyg_ForeignExchangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange [Domain]</link:label>
    <link:label id="lab_lyg_ForeignExchangeDomain_label_en-US" xlink:label="lab_lyg_ForeignExchangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ForeignExchange [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ForeignExchangeDomain" xlink:href="lyg-20251231.xsd#lyg_ForeignExchangeDomain"/>
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    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_019c5283-da11-7d1a-ac75-e77afeb6d9dd_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_019c5283-da11-7886-aae6-2bebb90fffa7_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" 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 interest expense (income)</link:label>
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    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities_019c5283-d974-7d9c-9ae6-3c6f7e5d95b3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers out of the level 3 portfolio</link:label>
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    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" 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, liabilities</link:label>
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    <link:label id="lab_ifrs-full_InsuranceRevenueAmountsRelatingToChangesInLiabilityForRemainingCoverage_019c5283-d974-7fb6-b279-d20401114824_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>
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    <link:label id="lab_ifrs-full_ClassesOfOrdinarySharesDomain_019c5283-d7c1-7139-90e3-c571d6b06d8d_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfOrdinarySharesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of ordinary shares [domain]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOrdinarySharesDomain" xlink:to="lab_ifrs-full_ClassesOfOrdinarySharesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2006Member_019c5283-da11-7e00-9111-280d48a5d6db_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2006Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group executive share plan 2006</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2006Member_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2006Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Executive Share Plan 2006 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupExecutiveSharePlan2006Member" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupExecutiveSharePlan2006Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupExecutiveSharePlan2006Member" xlink:to="lab_lyg_LloydsBankingGroupExecutiveSharePlan2006Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TradingAndOtherAssetsMember_019c5283-d865-7b0f-89f8-ba544abfefb8_terseLabel_en-US" xlink:label="lab_lyg_TradingAndOtherAssetsMember" 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_TradingAndOtherAssetsMember_label_en-US" xlink:label="lab_lyg_TradingAndOtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading And Other Assets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TradingAndOtherAssetsMember" xlink:href="lyg-20251231.xsd#lyg_TradingAndOtherAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TradingAndOtherAssetsMember" xlink:to="lab_lyg_TradingAndOtherAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_019c5283-d7c1-7297-abf6-7cd8a593796a_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit fees</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration for audit services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemunerationForAuditServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:to="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_019c5283-d865-71d0-8e7c-da78f53b8a06_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity address, address line one</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans_019c5283-d974-7d82-8959-38428c8cedc3_netLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Net interest amount</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense (income), defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseIncomeDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:to="lab_ifrs-full_InterestExpenseIncomeDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LloydsBankingGroupLongTermIncentivePlanMember_019c5283-d865-7c40-97c5-bc6a9d9808a3_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupLongTermIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group long-term incentive plan</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupLongTermIncentivePlanMember_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupLongTermIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Long Term Incentive Plan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupLongTermIncentivePlanMember" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupLongTermIncentivePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupLongTermIncentivePlanMember" xlink:to="lab_lyg_LloydsBankingGroupLongTermIncentivePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfImpairmentTableTextBlock_019c5283-d975-76ab-a491-31dd34ee3608_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-20251231.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_A7.5ConvertibleSecuritiesMember_019c5283-d865-7e7e-ae3a-e2d341dd790b_terseLabel_en-US" xlink:label="lab_lyg_A7.5ConvertibleSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,675 million 7.5% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities</link:label>
    <link:label id="lab_lyg_A7.5ConvertibleSecuritiesMember_label_en-US" xlink:label="lab_lyg_A7.5ConvertibleSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">7.5% Convertible Securities [Member]</link:label>
    <link:label id="lab_lyg_A7.5ConvertibleSecuritiesMember_documentation_en-US" xlink:label="lab_lyg_A7.5ConvertibleSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">7.5% Convertible Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A7.5ConvertibleSecuritiesMember" xlink:href="lyg-20251231.xsd#lyg_A7.5ConvertibleSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A7.5ConvertibleSecuritiesMember" xlink:to="lab_lyg_A7.5ConvertibleSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DiscontinuedOperationsMember_019c5283-d974-78b6-b9cf-06dec4d6762c_terseLabel_en-US" xlink:label="lab_ifrs-full_DiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discontinued operations</link:label>
    <link:label id="lab_ifrs-full_DiscontinuedOperationsMember_label_en-US" xlink:label="lab_ifrs-full_DiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discontinued operations [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DiscontinuedOperationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DiscontinuedOperationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DiscontinuedOperationsMember" xlink:to="lab_ifrs-full_DiscontinuedOperationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems_019c5283-d8e9-7f12-aa38-87db4d04ae3d_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturities of Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Assets and Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofAssetsandLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_019c5283-d865-7723-b66c-dd12435d94b9_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAdjustmentsToReconcileProfitLoss" 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_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_label_en-US" xlink:label="lab_ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other adjustments to reconcile profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:to="lab_ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceContractModificationAxis_019c5283-d8e9-7a3d-988e-2f0278a512fc_terseLabel_en-US" xlink:label="lab_lyg_InsuranceContractModificationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Contract Modification [Axis]</link:label>
    <link:label id="lab_lyg_InsuranceContractModificationAxis_label_en-US" xlink:label="lab_lyg_InsuranceContractModificationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Contract Modification [Axis]</link:label>
    <link:label id="lab_lyg_InsuranceContractModificationAxis_documentation_en-US" xlink:label="lab_lyg_InsuranceContractModificationAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Contract Modification</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceContractModificationAxis" xlink:href="lyg-20251231.xsd#lyg_InsuranceContractModificationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceContractModificationAxis" xlink:to="lab_lyg_InsuranceContractModificationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember_019c5283-d7c1-732b-86cd-d2ea911ac095_terseLabel_en-US" xlink:label="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.582% Fixed Rate Dated Subordinated Notes 2025 ($1,328 million)</link:label>
    <link:label id="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember_label_en-US" xlink:label="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.582% Fixed Rate Dated Subordinated Notes 2025 1.328 million [Member]</link:label>
    <link:label id="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember_documentation_en-US" xlink:label="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.582% Fixed Rate Dated Subordinated Notes 2025 1.328 million</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember" xlink:href="lyg-20251231.xsd#lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember" xlink:to="lab_lyg_A4.582FixedRateDatedSubordinatedNotes20251.328MillionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member_019c5283-d974-7408-b66b-aaf3388d6733_terseLabel_en-US" xlink:label="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,000,000,000 5.590% Senior Callable Fixed-to-Fixed Rate Notes due 2035</link:label>
    <link:label id="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member_label_en-US" xlink:label="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,000,000,000 5.590% Senior Callable Fixed-to-Fixed Rate Notes due 2035 [Member]</link:label>
    <link:label id="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member_documentation_en-US" xlink:label="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,000,000,000 5.590% Senior Callable Fixed-to-Fixed Rate Notes due 2035</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:href="lyg-20251231.xsd#lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:to="lab_lyg_A10000000005.590SeniorCallableFixedToFixedRateNotesDue2035Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherEquityInstruments_019c5283-d865-7388-ae69-dfb4b5865db0_periodStartLabel_en-US" xlink:label="lab_lyg_OtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_lyg_OtherEquityInstruments_019c5283-d865-7961-a4ba-f36a7672dcfa_periodEndLabel_en-US" xlink:label="lab_lyg_OtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_lyg_OtherEquityInstruments_label_en-US" xlink:label="lab_lyg_OtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherEquityInstruments" xlink:href="lyg-20251231.xsd#lyg_OtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherEquityInstruments" xlink:to="lab_lyg_OtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract_019c5283-d8e9-777a-b70d-197decf49657_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fee and commission income (expense) [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fee and commission income (expense) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract" xlink:to="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel_019c5283-d974-7d9a-8433-6ee31111cf42_negatedTerseLabel_en-US" xlink:label="lab_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Withdrawn (includes deposits of former key management personnel)</link:label>
    <link:label id="lab_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel_label_en-US" xlink:label="lab_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:href="lyg-20251231.xsd#lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:to="lab_lyg_DepositsWithdrawnIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualServiceMarginNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedMember_019c5283-da98-7b1b-8362-e5578af4433f_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other contracts</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMarginNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedMember_label_en-US" xlink:label="lab_ifrs-full_ContractualServiceMarginNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual service margin not related to contracts that existed at transition date to which modified retrospective approach or fair value approach has been applied [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualServiceMarginNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualServiceMarginNotRelatedToContractsThatExistedAtTransitionDateToWhichModifiedRetrospectiveApproachOrFairValueApproachHasBeenAppliedMember"/>
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    <link:label id="lab_lyg_IncreaseDecreaseInLeaseLiabilities_019c5283-d974-703d-a579-7dd8ae3d627b_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Decrease) increase in lease liabilities</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInLeaseLiabilities_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IncreaseDecreaseInLeaseLiabilities</link:label>
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    <link:label id="lab_lyg_OtherSegmentItemsAbstractAbstract_019c5283-d865-7f5d-aeb4-ef9e41629da2_terseLabel_en-US" xlink:label="lab_lyg_OtherSegmentItemsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-income statement items:</link:label>
    <link:label id="lab_lyg_OtherSegmentItemsAbstractAbstract_label_en-US" xlink:label="lab_lyg_OtherSegmentItemsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OtherSegmentItemsAbstract [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_019c5283-da98-798d-901b-30251c32e926_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>
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    <link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_019c5283-da98-7c2e-bb24-73dbcfcb5083_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_label_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan"/>
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    <link:label id="lab_lyg_DirectorsAndConnectedPersonsMember_019c5283-d974-76d8-9a8b-404f18fa7452_terseLabel_en-US" xlink:label="lab_lyg_DirectorsAndConnectedPersonsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and connected persons</link:label>
    <link:label id="lab_lyg_DirectorsAndConnectedPersonsMember_label_en-US" xlink:label="lab_lyg_DirectorsAndConnectedPersonsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors And Connected Persons [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DirectorsAndConnectedPersonsMember" xlink:href="lyg-20251231.xsd#lyg_DirectorsAndConnectedPersonsMember"/>
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    <link:label id="lab_lyg_DisclosureOfAllowanceForExpectedCreditLossesAbstract_019c5283-d865-7ba3-9d3b-33fc112d2e39_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-20251231.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_DisclosureOfFinancialAssetsTable_019c5283-d974-7da6-b241-2d2209576641_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock_019c5283-da98-7e2f-a287-8c34069ee921_terseLabel_en-US" xlink:label="lab_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Movements in Cash Flow Hedges</link:label>
    <link:label id="lab_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Gains And Losses Arising From Hedge Accounting [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Gains And Losses Arising From Hedge Accounting</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureGainsAndLossesArisingFromHedgeAccountingTableTextBlock"/>
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    <link:label id="lab_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset_019c5283-d865-7c78-b168-08cdad01982b_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Losses and reversal of losses on onerous insurance contracts</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Losses And Reversal Of Losses On Onerous Insurance Contracts, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Losses And Reversal Of Losses On Onerous Insurance Contracts, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughLossesAndReversalOfLossesOnOnerousInsuranceContractsInsuranceContractsLiabilityAsset"/>
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    <link:label id="lab_ifrs-full_InvestmentFundsAmountContributedToFairValueOfPlanAssets_019c5283-da98-719b-bbbc-0026465230dd_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentFundsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pooled investment vehicles</link:label>
    <link:label id="lab_ifrs-full_InvestmentFundsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_InvestmentFundsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment funds, amount contributed to fair value of plan assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentFundsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentFundsAmountContributedToFairValueOfPlanAssets"/>
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    <link:label id="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions_019c5283-d7c1-768d-81c7-4902df498423_negatedLabel_en-US" xlink:label="lab_ifrs-full_ExpenseDueToUnwindingOfDiscountOnProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" 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_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember_019c5283-da98-7c84-8721-99be2a0d2a05_terseLabel_en-US" xlink:label="lab_lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected life expectancy of members:</link:label>
    <link:label id="lab_lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember_label_en-US" xlink:label="lab_lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial Assumption Of Expected Life Expectancy Of Members [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember" xlink:href="lyg-20251231.xsd#lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember" xlink:to="lab_lyg_ActuarialAssumptionOfExpectedLifeExpectancyOfMembersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ThirtyYearsMember_019c5283-d974-7ac1-aa65-b7d11608973d_terseLabel_en-US" xlink:label="lab_lyg_ThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">30 year</link:label>
    <link:label id="lab_lyg_ThirtyYearsMember_label_en-US" xlink:label="lab_lyg_ThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Thirty Years [Member]</link:label>
    <link:label id="lab_lyg_ThirtyYearsMember_documentation_en-US" xlink:label="lab_lyg_ThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Thirty Years</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ThirtyYearsMember" xlink:href="lyg-20251231.xsd#lyg_ThirtyYearsMember"/>
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    <link:label id="lab_lyg_EarningsMultipleMember_019c5283-da11-7c35-a680-e022a6719121_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-20251231.xsd#lyg_EarningsMultipleMember"/>
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    <link:label id="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments_019c5283-d8e9-77eb-9cdc-f840ee9a75b8_periodStartLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments_019c5283-d8e9-787e-9053-a8e2c4266fad_periodEndLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of gains and losses from investments in equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments"/>
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    <link:label id="lab_lyg_InvestmentGradeMember_019c5283-da98-785f-bb9c-338a23087e81_terseLabel_en-US" xlink:label="lab_lyg_InvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment grade</link:label>
    <link:label id="lab_lyg_InvestmentGradeMember_label_en-US" xlink:label="lab_lyg_InvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Grade [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InvestmentGradeMember" xlink:href="lyg-20251231.xsd#lyg_InvestmentGradeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InvestmentGradeMember" xlink:to="lab_lyg_InvestmentGradeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_019c5283-d7c1-7c18-905e-61c92241e7a2_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_019c5283-d7c1-71f4-99f4-9a9ef1858cb0_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" 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_InsuranceContractsThatAreLiabilities_019c5283-d7c1-72d6-a14a-139b836c6408_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from insurance and participating investment contracts</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_019c5283-d7c1-72f8-8fcb-f1b56dbd99fa_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" 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_PostemploymentBenefitExpenseDefinedBenefitPlans_019c5283-da11-7ad6-b2d2-1627dcf96cf4_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">Defined benefit scheme credit</link:label>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_019c5283-da11-7abc-a14a-3cacf42a38ad_verboseLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net defined benefit pension credit</link:label>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_019c5283-da11-7e77-8e65-e19e83057a33_totalLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total defined benefit pension 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_lyg_OneYearMember_019c5283-d974-75d5-94e9-a1e60ff2c4f5_terseLabel_en-US" xlink:label="lab_lyg_OneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1 year</link:label>
    <link:label id="lab_lyg_OneYearMember_label_en-US" xlink:label="lab_lyg_OneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year [Member]</link:label>
    <link:label id="lab_lyg_OneYearMember_documentation_en-US" xlink:label="lab_lyg_OneYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">One Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OneYearMember" xlink:href="lyg-20251231.xsd#lyg_OneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OneYearMember" xlink:to="lab_lyg_OneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost_019c5283-da98-7e6a-9c06-a75e7e32ddff_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_ChangesInEquity_019c5283-d7c1-740f-ba03-938aa1cbf6b2_terseLabel_en-US" xlink:label="lab_ifrs-full_ChangesInEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (reduction) in equity &#163;m</link:label>
    <link:label id="lab_ifrs-full_ChangesInEquity_label_en-US" xlink:label="lab_ifrs-full_ChangesInEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ChangesInEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ChangesInEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInEquity" xlink:to="lab_ifrs-full_ChangesInEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory_019c5283-da98-7455-891d-5af4510f24ca_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Securities Lending Transactions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of transfers of financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTransfersOfFinancialAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member_019c5283-d8e9-77a5-aa1a-a01df262e149_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Executive Share Plan 2024</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Executive Share Plan 2024 [Member]</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member_documentation_en-US" xlink:label="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Executive Share Plan 2024</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupExecutiveSharePlan2024Member" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupExecutiveSharePlan2024Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupExecutiveSharePlan2024Member" xlink:to="lab_lyg_LloydsBankingGroupExecutiveSharePlan2024Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_019c5283-da98-7678-b005-1a0ab771c357_terseLabel_en-US" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer- related intangibles &#163;m</link:label>
    <link:label id="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_label_en-US" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer-related intangible assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxDisclosureMember_019c5283-d975-7c62-8170-c189af226cba_terseLabel_en-US" xlink:label="lab_lyg_TaxDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax disclosure</link:label>
    <link:label id="lab_lyg_TaxDisclosureMember_label_en-US" xlink:label="lab_lyg_TaxDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Disclosure [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxDisclosureMember" xlink:href="lyg-20251231.xsd#lyg_TaxDisclosureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxDisclosureMember" xlink:to="lab_lyg_TaxDisclosureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetCoveredBondProgrammesMember_019c5283-d8e9-7a77-8a33-e3e573de70bc_terseLabel_en-US" xlink:label="lab_lyg_NetCoveredBondProgrammesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net covered bond programmes</link:label>
    <link:label id="lab_lyg_NetCoveredBondProgrammesMember_label_en-US" xlink:label="lab_lyg_NetCoveredBondProgrammesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Covered Bond Programmes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetCoveredBondProgrammesMember" xlink:href="lyg-20251231.xsd#lyg_NetCoveredBondProgrammesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetCoveredBondProgrammesMember" xlink:to="lab_lyg_NetCoveredBondProgrammesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss_019c5283-d8e9-7dc3-9ff7-f2981fdc25c3_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">Net defined benefit pension 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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromExpenseIncomeInProfitOrLoss"/>
    <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_lyg_SignificantUnobservableInputsDomain_019c5283-d7c1-764e-b0f1-bcf923d7b5c1_terseLabel_en-US" xlink:label="lab_lyg_SignificantUnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant unobservable inputs [Domain]</link:label>
    <link:label id="lab_lyg_SignificantUnobservableInputsDomain_label_en-US" xlink:label="lab_lyg_SignificantUnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SignificantUnobservableInputs [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SignificantUnobservableInputsDomain" xlink:href="lyg-20251231.xsd#lyg_SignificantUnobservableInputsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SignificantUnobservableInputsDomain" xlink:to="lab_lyg_SignificantUnobservableInputsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GrossLoanCommitments_019c5283-d865-7b2d-9091-d2b99218f07d_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">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_OtherComprehensiveIncomeAbstract_019c5283-da98-7921-b41b-fa715d46cf15_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_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments_019c5283-d974-7ca6-a48d-286d8503557a_terseLabel_en-US" xlink:label="lab_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hire purchases, net investment in hire purchases, allowance for uncollectible minimum payments</link:label>
    <link:label id="lab_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments_label_en-US" xlink:label="lab_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hire Purchases, Net Investment in Hire Purchases, Allowance For Uncollectible Minimum Payments</link:label>
    <link:label id="lab_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments_documentation_en-US" xlink:label="lab_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hire Purchases, Net Investment in Hire Purchases, Allowance For Uncollectible Minimum Payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments" xlink:href="lyg-20251231.xsd#lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments" xlink:to="lab_lyg_HirePurchasesNetInvestmentInHirePurchasesAllowanceForUncollectibleMinimumPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDebtSecuritiesInIssueTextBlockTableTextBlock_019c5283-d974-7746-a099-3840c12222e5_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDebtSecuritiesInIssueTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Debt Securities in Issue</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDebtSecuritiesInIssueTextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDebtSecuritiesInIssueTextBlockTableTextBlock"/>
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    <link:label id="lab_lyg_FundingValuationAdjustmentMember_019c5283-da98-7a7f-9cff-310748752f9b_terseLabel_en-US" xlink:label="lab_lyg_FundingValuationAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Funding Valuation Adjustment</link:label>
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    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileDomain_019c5283-d8e9-78c7-8971-d5eac033ecba_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile [Domain]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileDomain" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyPerformanceCertificateProfileDomain" xlink:to="lab_lyg_EnergyPerformanceCertificateProfileDomain" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_MESDownsideAndSevereDownsideMember_019c5283-d8e9-77b8-ba27-c01e61ac8dc4_terseLabel_en-US" xlink:label="lab_lyg_MESDownsideAndSevereDownsideMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MES downside and severe downside</link:label>
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    <link:label id="lab_lyg_MESDownsideAndSevereDownsideMember_documentation_en-US" xlink:label="lab_lyg_MESDownsideAndSevereDownsideMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">MES Downside And Severe Downside</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MESDownsideAndSevereDownsideMember" xlink:href="lyg-20251231.xsd#lyg_MESDownsideAndSevereDownsideMember"/>
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    <link:label id="lab_lyg_CoastalErosionDamageRiskMember_019c5283-d865-77b5-b7cb-9351a05ab46b_terseLabel_en-US" xlink:label="lab_lyg_CoastalErosionDamageRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Coastal erosion damage risk</link:label>
    <link:label id="lab_lyg_CoastalErosionDamageRiskMember_label_en-US" xlink:label="lab_lyg_CoastalErosionDamageRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Coastal Erosion Damage Risk [Member]</link:label>
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    <link:label id="lab_lyg_IncomeTaxAuthority1Axis_019c5283-d8e9-71b7-a6db-50569db29846_terseLabel_en-US" xlink:label="lab_lyg_IncomeTaxAuthority1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax authority [Axis]</link:label>
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    <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"/>
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    <link:label id="lab_lyg_PercentageOfGrossDefinedBenefitPensionAssets_019c5283-d8e9-7e91-b902-bfd6a55cd115_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfGrossDefinedBenefitPensionAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of gross defined benefit pension assets (in percent)</link:label>
    <link:label id="lab_lyg_PercentageOfGrossDefinedBenefitPensionAssets_label_en-US" xlink:label="lab_lyg_PercentageOfGrossDefinedBenefitPensionAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Gross Defined Benefit Pension Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfGrossDefinedBenefitPensionAssets" xlink:href="lyg-20251231.xsd#lyg_PercentageOfGrossDefinedBenefitPensionAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PercentageOfGrossDefinedBenefitPensionAssets" xlink:to="lab_lyg_PercentageOfGrossDefinedBenefitPensionAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems_019c5283-d974-7cd7-a37e-fa692c299e90_terseLabel_en-US" xlink:label="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items]</link:label>
    <link:label id="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems_label_en-US" xlink:label="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items]</link:label>
    <link:label id="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems_documentation_en-US" xlink:label="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems" xlink:href="lyg-20251231.xsd#lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems" xlink:to="lab_lyg_TAXEXPENSEDetailsScheduleOfTaxChargesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExchangeRateAxis_019c5283-d974-7bd6-bf55-0f4f9f427591_terseLabel_en-US" xlink:label="lab_lyg_ExchangeRateAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange rate [Axis]</link:label>
    <link:label id="lab_lyg_ExchangeRateAxis_label_en-US" xlink:label="lab_lyg_ExchangeRateAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange Rate [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExchangeRateAxis" xlink:href="lyg-20251231.xsd#lyg_ExchangeRateAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExchangeRateAxis" xlink:to="lab_lyg_ExchangeRateAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable_019c5283-da98-753f-93fe-22190b8340bb_terseLabel_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable" 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 [Table]</link:label>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable_label_en-US" xlink:label="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable" 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 [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable" xlink:href="lyg-20251231.xsd#lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable" xlink:to="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PlanAssetsMember_019c5283-d975-746f-9ce2-470a65898c89_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_019c5283-da11-7a15-a1ea-095a7b9691d1_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_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_019c5283-d8e9-7247-9b26-74c142c8532e_terseLabel_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Undiscounted operating lease payments to be received</link:label>
    <link:label id="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_label_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Undiscounted operating lease payments to be received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:to="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualServiceMarginMember_019c5283-d8e9-7a64-b34e-73d23bd617ec_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</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_LeaseLiabilities_019c5283-d865-75e4-bb98-313438a5f580_verboseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Lease liabilities</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_019c5283-d865-7c17-8fb5-c749717da167_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liabilities</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities" xlink:to="lab_ifrs-full_LeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceServiceResult_019c5283-d865-7c20-880f-1b3ca1e4df86_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_019c5283-d865-7039-adc8-34f840b637d3_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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_lyg_TaxAuthorityDomain_019c5283-d8e9-7b56-8095-7c0bf5199473_terseLabel_en-US" xlink:label="lab_lyg_TaxAuthorityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax authority [Domain]</link:label>
    <link:label id="lab_lyg_TaxAuthorityDomain_label_en-US" xlink:label="lab_lyg_TaxAuthorityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TaxAuthority [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxAuthorityDomain" xlink:href="lyg-20251231.xsd#lyg_TaxAuthorityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxAuthorityDomain" xlink:to="lab_lyg_TaxAuthorityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WaivedMember_019c5283-da11-7f86-b3d1-4bbc6ae55709_terseLabel_en-US" xlink:label="lab_lyg_WaivedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Waived</link:label>
    <link:label id="lab_lyg_WaivedMember_label_en-US" xlink:label="lab_lyg_WaivedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Waived [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WaivedMember" xlink:href="lyg-20251231.xsd#lyg_WaivedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_WaivedMember" xlink:to="lab_lyg_WaivedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MinimumMember_019c5283-d974-74ad-8616-9a737d046043_terseLabel_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum</link:label>
    <link:label id="lab_srt_MinimumMember_label_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_MinimumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MinimumMember" xlink:to="lab_srt_MinimumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain_019c5283-d8e9-7124-8652-c539ba921c43_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities arising from financing activities [Member]</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities arising from financing activities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_019c5283-da98-7a5d-8b0d-a50151c59570_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Held for trading &#163;m</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" 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, classified as held for trading, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_019c5283-d8e9-7a49-a026-cdfd0539ecd7_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases/increases to customer loans</link:label>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_019c5283-d8e9-7325-8aa6-02f588b3e8e5_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 (additions)</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_lyg_ParValueAmount_019c5283-d7c1-749c-8d84-8fb2e6c3f19d_terseLabel_en-US" xlink:label="lab_lyg_ParValueAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total par value of shares</link:label>
    <link:label id="lab_lyg_ParValueAmount_label_en-US" xlink:label="lab_lyg_ParValueAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Par Value, Amount</link:label>
    <link:label id="lab_lyg_ParValueAmount_documentation_en-US" xlink:label="lab_lyg_ParValueAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Par Value, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ParValueAmount" xlink:href="lyg-20251231.xsd#lyg_ParValueAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ParValueAmount" xlink:to="lab_lyg_ParValueAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CapitalRedemptionReserveMember_019c5283-d974-72d4-b547-5f8a0a66b454_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital redemption reserve</link:label>
    <link:label id="lab_ifrs-full_CapitalRedemptionReserveMember_label_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital redemption reserve [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CapitalRedemptionReserveMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CapitalRedemptionReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CapitalRedemptionReserveMember" xlink:to="lab_ifrs-full_CapitalRedemptionReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ForeignExchange1Member_019c5283-d8e9-7c02-8b0b-71c5036d5e12_terseLabel_en-US" xlink:label="lab_lyg_ForeignExchange1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange</link:label>
    <link:label id="lab_lyg_ForeignExchange1Member_label_en-US" xlink:label="lab_lyg_ForeignExchange1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Exchange1 [Member]</link:label>
    <link:label id="lab_lyg_ForeignExchange1Member_documentation_en-US" xlink:label="lab_lyg_ForeignExchange1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Exchange [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ForeignExchange1Member" xlink:href="lyg-20251231.xsd#lyg_ForeignExchange1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ForeignExchange1Member" xlink:to="lab_lyg_ForeignExchange1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HealthcarePremiumsMember_019c5283-d865-74fd-849b-7286c9299830_terseLabel_en-US" xlink:label="lab_lyg_HealthcarePremiumsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Healthcare premiums</link:label>
    <link:label id="lab_lyg_HealthcarePremiumsMember_label_en-US" xlink:label="lab_lyg_HealthcarePremiumsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Healthcare Premiums [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HealthcarePremiumsMember" xlink:href="lyg-20251231.xsd#lyg_HealthcarePremiumsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HealthcarePremiumsMember" xlink:to="lab_lyg_HealthcarePremiumsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapital_019c5283-da11-7fc0-83f2-6c10dedf4c09_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_lyg_InsuranceContractAssetsAndLiabilitiesAbstract_019c5283-d865-78bb-b4bf-783bbd467e84_terseLabel_en-US" xlink:label="lab_lyg_InsuranceContractAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Contract Assets and Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_InsuranceContractAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_InsuranceContractAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Contract Assets and Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_InsuranceContractAssetsAndLiabilitiesAbstract_documentation_en-US" xlink:label="lab_lyg_InsuranceContractAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Contract Assets and Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceContractAssetsAndLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_InsuranceContractAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceContractAssetsAndLiabilitiesAbstract" xlink:to="lab_lyg_InsuranceContractAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember_019c5283-da11-7fee-8cf3-d71a7b997c1c_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimates of the present value of future cash inflows</link:label>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember_label_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimates of present value of future cash inflows [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember" xlink:to="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_019c5283-d974-74d1-9b9e-5cd504904f7a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Claims and other insurance service expenses paid</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through incurred claims paid and other insurance service expenses paid for insurance contracts issued excluding insurance acquisition cash flows, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherContingentLiabilitiesMember_019c5283-d8e9-7258-ab33-23c147832734_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherContingentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other contingent liabilities</link:label>
    <link:label id="lab_ifrs-full_OtherContingentLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_OtherContingentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other contingent liabilities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherContingentLiabilitiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherContingentLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherContingentLiabilitiesMember" xlink:to="lab_ifrs-full_OtherContingentLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable_019c5283-da11-76b0-8fb9-d5442498e589_terseLabel_en-US" xlink:label="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Table]</link:label>
    <link:label id="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable_label_en-US" xlink:label="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SUBORDINATED LIABILITIES (Details) - Schedule of Movement in Subordinated Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable" xlink:href="lyg-20251231.xsd#lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable" xlink:to="lab_lyg_SUBORDINATEDLIABILITIESDetailsScheduleofMovementinSubordinatedLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_019c5283-d974-79da-8dd6-f3a516b31d5d_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">Income tax relating to exchange differences on translation of foreign operations included in other comprehensive income</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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied_019c5283-d8e9-768b-bf5a-e2a1f568b3e0_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow hedge/currency translation reserve, discontinued hedges</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation, hedging relationships for which hedge accounting is no longer applied</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationHedgingRelationshipsForWhichHedgeAccountingIsNoLongerApplied" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_019c5283-da98-7806-b0a7-5d9946abab70_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_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_019c5283-d865-76dc-82a5-28cac8ccbeda_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" 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_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through net exchange differences, deferred tax liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_019c5283-da11-7aae-bb0b-523ef786fba5_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares outstanding (in number of shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_019c5283-da11-7b13-bec3-4b1a1df90a86_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Number of shares outstanding, at 1 January (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_019c5283-da11-7f5c-978b-990ffbd57b13_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Number of shares outstanding, at 31 December (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CorporateIncomeGearingCIGMember_019c5283-d8e9-7ab8-a941-8d388552f29b_terseLabel_en-US" xlink:label="lab_lyg_CorporateIncomeGearingCIGMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate income gearing (CIG)</link:label>
    <link:label id="lab_lyg_CorporateIncomeGearingCIGMember_label_en-US" xlink:label="lab_lyg_CorporateIncomeGearingCIGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Income Gearing (CIG) [Member]</link:label>
    <link:label id="lab_lyg_CorporateIncomeGearingCIGMember_documentation_en-US" xlink:label="lab_lyg_CorporateIncomeGearingCIGMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate Income Gearing (CIG)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CorporateIncomeGearingCIGMember" xlink:href="lyg-20251231.xsd#lyg_CorporateIncomeGearingCIGMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CorporateIncomeGearingCIGMember" xlink:to="lab_lyg_CorporateIncomeGearingCIGMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems_019c5283-da11-7005-b75d-983adb1f66d9_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Analysis of Defined Benefit Obligations [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Analysis of Defined Benefit Obligations [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems_documentation_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Analysis of Defined Benefit Obligations [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfAnalysisOfDefinedBenefitObligationsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AuditsOfGroupPensionSchemesMember_019c5283-d974-7e35-b1f0-65409f9a8132_terseLabel_en-US" xlink:label="lab_lyg_AuditsOfGroupPensionSchemesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audits of Group pension schemes</link:label>
    <link:label id="lab_lyg_AuditsOfGroupPensionSchemesMember_label_en-US" xlink:label="lab_lyg_AuditsOfGroupPensionSchemesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audits Of Group Pension Schemes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AuditsOfGroupPensionSchemesMember" xlink:href="lyg-20251231.xsd#lyg_AuditsOfGroupPensionSchemesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AuditsOfGroupPensionSchemesMember" xlink:to="lab_lyg_AuditsOfGroupPensionSchemesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RepossessionRiskMember_019c5283-d8e9-74b0-81ee-72b97252a04a_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-20251231.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_TypesOfFinancialLiabilitiesDomain_019c5283-d865-70a3-b805-3f7e559d8917_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of financial liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChangeInInflationMember_019c5283-d7c1-7e52-8f74-f7f5e0797a4a_terseLabel_en-US" xlink:label="lab_lyg_ChangeInInflationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inflation</link:label>
    <link:label id="lab_lyg_ChangeInInflationMember_label_en-US" xlink:label="lab_lyg_ChangeInInflationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in Inflation [Member]</link:label>
    <link:label id="lab_lyg_ChangeInInflationMember_documentation_en-US" xlink:label="lab_lyg_ChangeInInflationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in Inflation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChangeInInflationMember" xlink:href="lyg-20251231.xsd#lyg_ChangeInInflationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChangeInInflationMember" xlink:to="lab_lyg_ChangeInInflationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilities_019c5283-da11-7f95-98cd-537457c4a6ad_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_019c5283-da11-773e-8fbe-905a94d952a8_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">At 1 January</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_019c5283-da11-7c82-a6e6-00f0c6ec603f_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">At 31 December</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_TypeOfAuditorFeeDomain_019c5283-d865-7683-b21d-03f16df0e417_terseLabel_en-US" xlink:label="lab_lyg_TypeOfAuditorFeeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of auditor fee [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfAuditorFeeDomain_label_en-US" xlink:label="lab_lyg_TypeOfAuditorFeeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfAuditorFee [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfAuditorFeeDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfAuditorFeeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfAuditorFeeDomain" xlink:to="lab_lyg_TypeOfAuditorFeeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherPostretirementBenefitsPlan1Member_019c5283-d7c1-7cdf-a80c-64f774f8f763_terseLabel_en-US" xlink:label="lab_lyg_OtherPostretirementBenefitsPlan1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other post retirement benefit plans defined benefit</link:label>
    <link:label id="lab_lyg_OtherPostretirementBenefitsPlan1Member_label_en-US" xlink:label="lab_lyg_OtherPostretirementBenefitsPlan1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Postretirement Benefits Plan1 [Member]</link:label>
    <link:label id="lab_lyg_OtherPostretirementBenefitsPlan1Member_documentation_en-US" xlink:label="lab_lyg_OtherPostretirementBenefitsPlan1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Postretirement Benefits Plan1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherPostretirementBenefitsPlan1Member" xlink:href="lyg-20251231.xsd#lyg_OtherPostretirementBenefitsPlan1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherPostretirementBenefitsPlan1Member" xlink:to="lab_lyg_OtherPostretirementBenefitsPlan1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeFixedInterestRate1_019c5283-d865-7456-9901-92a365bc0427_terseLabel_en-US" xlink:label="lab_lyg_DerivativeFixedInterestRate1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average fixed interest rate (in percent)</link:label>
    <link:label id="lab_lyg_DerivativeFixedInterestRate1_label_en-US" xlink:label="lab_lyg_DerivativeFixedInterestRate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Fixed Interest Rate1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeFixedInterestRate1" xlink:href="lyg-20251231.xsd#lyg_DerivativeFixedInterestRate1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeFixedInterestRate1" xlink:to="lab_lyg_DerivativeFixedInterestRate1" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock_019c5283-d8e9-7c6c-9a6c-6a6f34fb3d2d_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 Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate</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:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfReconciliationOfChargeResultingFromApplyingUKCorporationTaxRateTableTextBlock" xlink:href="lyg-20251231.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_ifrs-full_OtherPropertyPlantAndEquipmentMember_019c5283-da11-711b-a68b-d227a0e42f30_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equipment</link:label>
    <link:label id="lab_ifrs-full_OtherPropertyPlantAndEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherPropertyPlantAndEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SEGMENTALANALYSISDetailsScheduleofReconciliationofUnderlyingBasistoStatutoryResultsLineItems_019c5283-d865-7353-98c3-b12b5c42e452_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-20251231.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_019c5283-d974-7288-9b71-e62115cc623a_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_019c5283-d974-7a9e-a88a-af2cee4a385f_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_019c5283-d974-759c-a6a1-5a698f714a30_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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_ifrs-full_DisclosureOfOtherProvisionsAbstract_019c5283-d974-7995-861c-87d0ad4a6332_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_lyg_PerformancePeriodForGrantAxis_019c5283-d8e9-74f5-aedf-70c8b5822a47_terseLabel_en-US" xlink:label="lab_lyg_PerformancePeriodForGrantAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance period for grant [Axis]</link:label>
    <link:label id="lab_lyg_PerformancePeriodForGrantAxis_label_en-US" xlink:label="lab_lyg_PerformancePeriodForGrantAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Period For Grant [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PerformancePeriodForGrantAxis" xlink:href="lyg-20251231.xsd#lyg_PerformancePeriodForGrantAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PerformancePeriodForGrantAxis" xlink:to="lab_lyg_PerformancePeriodForGrantAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HeldAtAmortisedCostMember_019c5283-da11-7959-aad2-9d6380e2205b_terseLabel_en-US" xlink:label="lab_lyg_HeldAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Held at amortised cost &#163;m</link:label>
    <link:label id="lab_lyg_HeldAtAmortisedCostMember_label_en-US" xlink:label="lab_lyg_HeldAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held At Amortised Cost [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HeldAtAmortisedCostMember" xlink:href="lyg-20251231.xsd#lyg_HeldAtAmortisedCostMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HeldAtAmortisedCostMember" xlink:to="lab_lyg_HeldAtAmortisedCostMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember_019c5283-d7c1-7f4e-b40d-6a4418331cf2_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimates of the present value of future cash outflows</link:label>
    <link:label id="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember_label_en-US" xlink:label="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimates of present value of future cash outflows [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember" xlink:to="lab_ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TwelvemonthExpectedCreditLossesMember_019c5283-d865-7708-a151-164798351cfc_terseLabel_en-US" xlink:label="lab_ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">12-month expected credit losses</link:label>
    <link:label id="lab_ifrs-full_TwelvemonthExpectedCreditLossesMember_label_en-US" xlink:label="lab_ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">12-month expected credit losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TwelvemonthExpectedCreditLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:to="lab_ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_019c5283-d974-76c7-9084-69869a0bb0f7_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_dei_DocumentTransitionReport_019c5283-d974-79ae-b8f7-5a65a242c782_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document transition report</link:label>
    <link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport"/>
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    <link:label id="lab_lyg_EuroMediumTermNoteProgrammeMember_documentation_en-US" xlink:label="lab_lyg_EuroMediumTermNoteProgrammeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Euro Medium Term Note Programme</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EuroMediumTermNoteProgrammeMember" xlink:href="lyg-20251231.xsd#lyg_EuroMediumTermNoteProgrammeMember"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems_019c5283-d8e9-723f-beab-fa7b7babf181_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems" xlink:to="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofValuationAdjustmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionExpense_019c5283-da11-7966-80e7-e138bf121df9_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_019c5283-da11-7696-9b0c-e15454af1626_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_019c5283-d8e9-7d6d-826f-e95c2b8fe418_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Notes in circulation</link:label>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_019c5283-d8e9-705f-9629-926522ae2f4b_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_lyg_OtherRetailMember_019c5283-d974-7566-8bd7-e1a5a6f1ab80_terseLabel_en-US" xlink:label="lab_lyg_OtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail &#8211; other</link:label>
    <link:label id="lab_lyg_OtherRetailMember_label_en-US" xlink:label="lab_lyg_OtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Retail [Member]</link:label>
    <link:label id="lab_lyg_OtherRetailMember_documentation_en-US" xlink:label="lab_lyg_OtherRetailMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for other retail.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherRetailMember" xlink:href="lyg-20251231.xsd#lyg_OtherRetailMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherRetailMember" xlink:to="lab_lyg_OtherRetailMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RiskExposuresAxis_019c5283-d974-7886-93fc-fb2596c65580_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RiskExposuresAxis" xlink:to="lab_ifrs-full_RiskExposuresAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_019c5283-d974-7d87-8953-a0c7b9d0cece_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_IncreaseDecreaseThroughTransfersFinancialAssets_019c5283-d7c1-70e4-8a6a-061ca6ff9d36_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impact of transfers between stages</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through transfers, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ModifiedMember_019c5283-d974-71a7-95bc-b9345877e09f_terseLabel_en-US" xlink:label="lab_lyg_ModifiedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Modified</link:label>
    <link:label id="lab_lyg_ModifiedMember_label_en-US" xlink:label="lab_lyg_ModifiedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Modified [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ModifiedMember" xlink:href="lyg-20251231.xsd#lyg_ModifiedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ModifiedMember" xlink:to="lab_lyg_ModifiedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract_019c5283-da98-734c-bab6-d5e248647fcb_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of basis of preparation of financial statements [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of basis of preparation of financial statements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract" xlink:to="lab_lyg_DisclosureOfBasisOfPreparationOfFinancialStatementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock_019c5283-d974-70cf-8e37-b5809da90513_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases</link:label>
    <link:label id="lab_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatory [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock" xlink:to="lab_lyg_DisclosureOfMinimumLeasePaymentsReceivableUnderNoncancellableOperatingLeaseExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DistributableMergerReserveMember_019c5283-d974-7423-88b9-92ee704c1c49_terseLabel_en-US" xlink:label="lab_lyg_DistributableMergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distributable merger reserve</link:label>
    <link:label id="lab_lyg_DistributableMergerReserveMember_label_en-US" xlink:label="lab_lyg_DistributableMergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distributable Merger Reserve [Member]</link:label>
    <link:label id="lab_lyg_DistributableMergerReserveMember_documentation_en-US" xlink:label="lab_lyg_DistributableMergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Distributable Merger Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DistributableMergerReserveMember" xlink:href="lyg-20251231.xsd#lyg_DistributableMergerReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DistributableMergerReserveMember" xlink:to="lab_lyg_DistributableMergerReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable_019c5283-da12-775d-afd0-f592accb2f7f_terseLabel_en-US" xlink:label="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Table]</link:label>
    <link:label id="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable_label_en-US" xlink:label="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable" xlink:href="lyg-20251231.xsd#lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable" xlink:to="lab_lyg_DEBTSECURITIESINISSUEDetailsScheduleofDebtSecuritiesinIssueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedCreditLossesCollectivelyAssessedMember_019c5283-d8e9-7f42-ba30-a095328bb6c7_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_TypesOfSharebasedPaymentArrangementsDomain_019c5283-d974-7747-bdb4-07bc55a8289a_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [domain]</link:label>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_StartToPeakMember_019c5283-d865-7e01-b963-6e21a43577f1_terseLabel_en-US" xlink:label="lab_lyg_StartToPeakMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Start to peak</link:label>
    <link:label id="lab_lyg_StartToPeakMember_label_en-US" xlink:label="lab_lyg_StartToPeakMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Start To Peak [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_StartToPeakMember" xlink:href="lyg-20251231.xsd#lyg_StartToPeakMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_StartToPeakMember" xlink:to="lab_lyg_StartToPeakMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_019c5283-da98-7830-b9c1-bf583aae5d01_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_019c5283-da98-7f43-b3cd-395ebb50ae2c_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">Total equity excluding non-controlling interests</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_ComponentsOfEquityAxis_019c5283-d974-7572-a05e-824a22a4359b_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_FreeholdlongAndShortLeaseholdPremisesMember_019c5283-d865-7947-89ff-71a61041b38d_terseLabel_en-US" xlink:label="lab_lyg_FreeholdlongAndShortLeaseholdPremisesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Freehold/long and short leasehold premises</link:label>
    <link:label id="lab_lyg_FreeholdlongAndShortLeaseholdPremisesMember_label_en-US" xlink:label="lab_lyg_FreeholdlongAndShortLeaseholdPremisesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Freeholdlong And Short Leasehold Premises [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FreeholdlongAndShortLeaseholdPremisesMember" xlink:href="lyg-20251231.xsd#lyg_FreeholdlongAndShortLeaseholdPremisesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FreeholdlongAndShortLeaseholdPremisesMember" xlink:to="lab_lyg_FreeholdlongAndShortLeaseholdPremisesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareholdersEquity_019c5283-d8e9-70d8-985a-831cdb6487b5_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">Shareholders' Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareholdersEquity" xlink:href="lyg-20251231.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_lyg_LoansAndAdvancesToBanksCurrent_019c5283-d974-7c01-8b91-a0daf4e11bff_totalLabel_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksCurrent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to banks current</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksCurrent_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Advances To Banks Current</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksCurrent_documentation_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of loans and advances the entity has made to banks, with a maturity less than 3 months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToBanksCurrent" xlink:href="lyg-20251231.xsd#lyg_LoansAndAdvancesToBanksCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAndAdvancesToBanksCurrent" xlink:to="lab_lyg_LoansAndAdvancesToBanksCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SubordinatedLiabilitiesAbstract_019c5283-da98-77f3-9cff-38a5a35cb1dd_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_019c5283-da98-72ea-8183-c92ad8185474_verboseLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions 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_lyg_DilapidationsRentReviewsAndOtherPropertyRelatedMattersMember_019c5283-d8e9-7fca-bf64-45cba020edaf_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-20251231.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_CapitalRedemptionReserve_019c5283-d974-7c91-82a2-272300de7ded_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserve" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_CapitalRedemptionReserve_019c5283-d974-7b01-958e-355a7ec04bfe_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserve" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_CapitalRedemptionReserve_label_en-US" xlink:label="lab_ifrs-full_CapitalRedemptionReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital redemption reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CapitalRedemptionReserve" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CapitalRedemptionReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CapitalRedemptionReserve" xlink:to="lab_ifrs-full_CapitalRedemptionReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinanceIncomeExpenseFromInsuranceAndInvestmentContractsIssuedRecognisedInProfitOrLoss_019c5283-d8e9-701a-abd5-f920acfad223_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_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-20251231.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_BuyToLetMortgageMember_019c5283-d974-7594-995e-72396b305e37_terseLabel_en-US" xlink:label="lab_lyg_BuyToLetMortgageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy-to-let mortgage</link:label>
    <link:label id="lab_lyg_BuyToLetMortgageMember_label_en-US" xlink:label="lab_lyg_BuyToLetMortgageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buy-to-let Mortgage [Member]</link:label>
    <link:label id="lab_lyg_BuyToLetMortgageMember_documentation_en-US" xlink:label="lab_lyg_BuyToLetMortgageMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Buy-to-let Mortgage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BuyToLetMortgageMember" xlink:href="lyg-20251231.xsd#lyg_BuyToLetMortgageMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_BuyToLetMortgageMember" xlink:to="lab_lyg_BuyToLetMortgageMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems_019c5283-d8e9-7f18-bacc-5986472bc328_terseLabel_en-US" xlink:label="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares [Line Items]</link:label>
    <link:label id="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems_label_en-US" xlink:label="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems" xlink:href="lyg-20251231.xsd#lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems" xlink:to="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_019c5283-d865-79e4-8140-599b3537b04b_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial (losses) gains &#8211; experience</link:label>
    <link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" 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 actuarial gains (losses) arising from experience adjustments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDividendsTextBlockAbstract_019c5283-d7c1-7cf5-af62-ad9fd3c29f5d_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDividendsTextBlockAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of dividends [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfDividendsTextBlockAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfDividendsTextBlockAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of dividends [text block] [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDividendsTextBlockAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDividendsTextBlockAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDividendsTextBlockAbstract" xlink:to="lab_lyg_DisclosureOfDividendsTextBlockAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesDomain_019c5283-d974-7df6-91f1-65183c575da7_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of related parties [domain]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss_019c5283-da11-73b1-b8a8-35ad24535977_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeExpensesFromReinsuranceContractsHeldRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net finance income 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_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems_019c5283-da98-7766-8516-35e9148d15ef_terseLabel_en-US" xlink:label="lab_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems_019c5283-da98-711c-acd3-5943d61b1817_verboseLabel_en-US" xlink:label="lab_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">OTHER INTANGIBLE ASSETS (Details) - Narrative [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems_label_en-US" xlink:label="lab_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems" xlink:href="lyg-20251231.xsd#lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems" xlink:to="lab_lyg_OTHERINTANGIBLEASSETSDetailsScheduleofOtherIntangibleAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets_019c5283-d865-7591-b70e-a62c88a09324_terseLabel_en-US" xlink:label="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charge/(credit) for methodology and model changes in financial assets</link:label>
    <link:label id="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets_label_en-US" xlink:label="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Charge/(Credit) For Methodology And Model Changes In Financial Assets</link:label>
    <link:label id="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets_documentation_en-US" xlink:label="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charge/(Credit) For Methodology And Model Changes In Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets" xlink:href="lyg-20251231.xsd#lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets" xlink:to="lab_lyg_ChargeCreditForMethodologyAndModelChangesInFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorLocation_019c5283-da12-7eef-9642-7ad883063a97_terseLabel_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor location</link:label>
    <link:label id="lab_dei_AuditorLocation_label_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Location</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorLocation" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorLocation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorLocation" xlink:to="lab_dei_AuditorLocation" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UnemploymentDecrease1ppMember_019c5283-d865-7ffb-aa3e-a8afd38d031e_terseLabel_en-US" xlink:label="lab_lyg_UnemploymentDecrease1ppMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1pp decrease in unemployment &#163;m</link:label>
    <link:label id="lab_lyg_UnemploymentDecrease1ppMember_label_en-US" xlink:label="lab_lyg_UnemploymentDecrease1ppMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unemployment Decrease 1pp [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnemploymentDecrease1ppMember" xlink:href="lyg-20251231.xsd#lyg_UnemploymentDecrease1ppMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnemploymentDecrease1ppMember" xlink:to="lab_lyg_UnemploymentDecrease1ppMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems_019c5283-da98-77a5-b6ff-671880d5a014_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AnnuitantMortalityMember_019c5283-d8e9-74b8-afbf-f97fbb810c8a_terseLabel_en-US" xlink:label="lab_lyg_AnnuitantMortalityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annuitant mortality</link:label>
    <link:label id="lab_lyg_AnnuitantMortalityMember_label_en-US" xlink:label="lab_lyg_AnnuitantMortalityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annuitant Mortality [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AnnuitantMortalityMember" xlink:href="lyg-20251231.xsd#lyg_AnnuitantMortalityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AnnuitantMortalityMember" xlink:to="lab_lyg_AnnuitantMortalityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentYearQuarterOneMember_019c5283-da98-7e35-89ba-2a15da49e641_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 2025 %</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-20251231.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_lyg_DisclosureOfLeasesAbstract_019c5283-d865-71be-9402-a5046aadae64_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfLeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure Of Leases [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfLeasesAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfLeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Leases [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfLeasesAbstract_documentation_en-US" xlink:label="lab_lyg_DisclosureOfLeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Leases [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfLeasesAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfLeasesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfLeasesAbstract" xlink:to="lab_lyg_DisclosureOfLeasesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_Stage2Member_019c5283-da11-771d-9a8d-440d2ef64446_terseLabel_en-US" xlink:label="lab_lyg_Stage2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 2 &#163;m</link:label>
    <link:label id="lab_lyg_Stage2Member_label_en-US" xlink:label="lab_lyg_Stage2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 2 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Stage2Member" xlink:href="lyg-20251231.xsd#lyg_Stage2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Stage2Member" xlink:to="lab_lyg_Stage2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageShares_019c5283-d974-7862-b80a-0e40d0fd209a_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageShares" xlink:to="lab_ifrs-full_WeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems_019c5283-d974-7678-88c1-f8ebdd645dfa_terseLabel_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items]</link:label>
    <link:label id="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems_label_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems" xlink:href="lyg-20251231.xsd#lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems" xlink:to="lab_lyg_DEFERREDTAXDetailsScheduleofStatutoryPositionandTaxDisclosureLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss_019c5283-da11-7656-b457-d31a78a4dfc8_totalLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total charge to the income statement (note 10)</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:to="lab_ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherCommitmentsMember_019c5283-da11-7725-b2ec-e8b66cbc69a5_terseLabel_en-US" xlink:label="lab_lyg_OtherCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other commitments</link:label>
    <link:label id="lab_lyg_OtherCommitmentsMember_label_en-US" xlink:label="lab_lyg_OtherCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherCommitmentsMember" xlink:href="lyg-20251231.xsd#lyg_OtherCommitmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherCommitmentsMember" xlink:to="lab_lyg_OtherCommitmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PurchasedCreditCardRelationshipsMember_019c5283-d974-79db-8307-1c3dc7c5329a_terseLabel_en-US" xlink:label="lab_lyg_PurchasedCreditCardRelationshipsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchased credit card relationships &#163;m</link:label>
    <link:label id="lab_lyg_PurchasedCreditCardRelationshipsMember_label_en-US" xlink:label="lab_lyg_PurchasedCreditCardRelationshipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchased Credit Card Relationships [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PurchasedCreditCardRelationshipsMember" xlink:href="lyg-20251231.xsd#lyg_PurchasedCreditCardRelationshipsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PurchasedCreditCardRelationshipsMember" xlink:to="lab_lyg_PurchasedCreditCardRelationshipsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SixtyToSeventyPercentMember_019c5283-da98-71dd-b678-8514b1c1f85d_terseLabel_en-US" xlink:label="lab_lyg_SixtyToSeventyPercentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">60% to 70%</link:label>
    <link:label id="lab_lyg_SixtyToSeventyPercentMember_label_en-US" xlink:label="lab_lyg_SixtyToSeventyPercentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sixty to Seventy Percent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SixtyToSeventyPercentMember" xlink:href="lyg-20251231.xsd#lyg_SixtyToSeventyPercentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SixtyToSeventyPercentMember" xlink:to="lab_lyg_SixtyToSeventyPercentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract_019c5283-d974-7d3f-aa7c-4f6dd5ac1241_terseLabel_en-US" xlink:label="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revaluation reserve in respect of equity shares held at fair value through other comprehensive income</link:label>
    <link:label id="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract_label_en-US" xlink:label="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revaluation Reserve in Respect of Equity Shares [Abstract]</link:label>
    <link:label id="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract_documentation_en-US" xlink:label="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revaluation Reserve in Respect of Equity Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RevaluationReserveInRespectOfEquitySharesAbstract" xlink:href="lyg-20251231.xsd#lyg_RevaluationReserveInRespectOfEquitySharesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RevaluationReserveInRespectOfEquitySharesAbstract" xlink:to="lab_lyg_RevaluationReserveInRespectOfEquitySharesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_019c5283-d865-7b84-a21a-9dcae493019f_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, share-based payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract_019c5283-da11-72a6-8516-601961b84024_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of transferred financial assets that are not derecognised in their entirety [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of transferred financial assets that are not derecognised in their entirety [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract" xlink:to="lab_lyg_DisclosureOfTransferredFinancialAssetsThatAreNotDerecognisedInTheirEntiretyAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_019c5283-da98-7637-98c5-3757010a1e01_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" 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_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on reverse repurchase agreements and cash collateral on securities borrowed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="lab_ifrs-full_InterestIncomeOnReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_019c5283-d975-7d47-bdee-953f4aec38b8_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_019c5283-d975-76ed-b858-2888915c5692_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InvestmentType1Axis_019c5283-da11-767f-9cc2-eace07e9b2a8_terseLabel_en-US" xlink:label="lab_lyg_InvestmentType1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment type [Axis]</link:label>
    <link:label id="lab_lyg_InvestmentType1Axis_label_en-US" xlink:label="lab_lyg_InvestmentType1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Type1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InvestmentType1Axis" xlink:href="lyg-20251231.xsd#lyg_InvestmentType1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InvestmentType1Axis" xlink:to="lab_lyg_InvestmentType1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_019c5283-d865-7d9f-bce6-303e08d4a785_terseLabel_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity well-known seasoned issuer</link:label>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_label_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CashFlowProjectionPeriod_019c5283-d865-7c52-9591-69512062dc52_terseLabel_en-US" xlink:label="lab_lyg_CashFlowProjectionPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow projection period</link:label>
    <link:label id="lab_lyg_CashFlowProjectionPeriod_label_en-US" xlink:label="lab_lyg_CashFlowProjectionPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow Projection Period</link:label>
    <link:label id="lab_lyg_CashFlowProjectionPeriod_documentation_en-US" xlink:label="lab_lyg_CashFlowProjectionPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Flow Projection Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CashFlowProjectionPeriod" xlink:href="lyg-20251231.xsd#lyg_CashFlowProjectionPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CashFlowProjectionPeriod" xlink:to="lab_lyg_CashFlowProjectionPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RatingByGroupingExternalCreditAxis_019c5283-da98-7434-83d8-130e798fc58f_terseLabel_en-US" xlink:label="lab_lyg_RatingByGroupingExternalCreditAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External credit rating by grouping [Axis]</link:label>
    <link:label id="lab_lyg_RatingByGroupingExternalCreditAxis_label_en-US" xlink:label="lab_lyg_RatingByGroupingExternalCreditAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rating By Grouping, External Credit [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RatingByGroupingExternalCreditAxis" xlink:href="lyg-20251231.xsd#lyg_RatingByGroupingExternalCreditAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RatingByGroupingExternalCreditAxis" xlink:to="lab_lyg_RatingByGroupingExternalCreditAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherFinancialAssets_019c5283-da98-7a3a-8d07-2e572faf1ac0_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherFinancialAssets" 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_OtherFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_OtherFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialAssets" xlink:to="lab_ifrs-full_OtherFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansDomain_019c5283-da98-716d-bd2d-cb359d34944a_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DefinedBenefitPlansDomain" xlink:to="lab_ifrs-full_DefinedBenefitPlansDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherFinancialLiabilitiesMember_019c5283-d974-7cf0-b91c-c243ce5cb008_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-20251231.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_CountryOfDomicileMember_019c5283-d8e9-7733-aff9-5f0afab73d01_terseLabel_en-US" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UK</link:label>
    <link:label id="lab_ifrs-full_CountryOfDomicileMember_label_en-US" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Country of domicile [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CountryOfDomicileMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CountryOfDomicileMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CountryOfDomicileMember" xlink:to="lab_ifrs-full_CountryOfDomicileMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019c5283-da98-74c5-b08d-346af2595ade_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_019c5283-d865-71b6-b523-a50ae9b8fd96_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">DividendType [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DividendTypeDomain" xlink:href="lyg-20251231.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_019c5283-d974-7208-9e0a-24fba075b8d6_terseLabel_en-US" xlink:label="lab_lyg_ThreeYearsAfterReportingYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2028 %</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-20251231.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_PastServiceCostNetDefinedBenefitLiabilityAsset_019c5283-d8e9-70d4-97e8-06b23cb0768d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Past service cost</link:label>
    <link:label id="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" 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 past service cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019c5283-d865-7a05-8712-b3b9542578b4_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_019c5283-d865-78b2-b85a-cbfaf974adb7_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">At 1 January</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019c5283-d865-799f-9f25-f3916062c614_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">At 31 December</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_ifrs-full_FairValueHedgesMember_019c5283-d8e9-728b-beca-18e08f1ac777_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_dei_EntityCurrentReportingStatus_019c5283-d974-7bb4-8b84-e295b3a1206c_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity current reporting status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UnitTrustAndInsuranceBrokingMember_019c5283-d974-7923-919c-d48295f7e38a_terseLabel_en-US" xlink:label="lab_lyg_UnitTrustAndInsuranceBrokingMember" 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_UnitTrustAndInsuranceBrokingMember_label_en-US" xlink:label="lab_lyg_UnitTrustAndInsuranceBrokingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unit Trust And Insurance Broking [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnitTrustAndInsuranceBrokingMember" xlink:href="lyg-20251231.xsd#lyg_UnitTrustAndInsuranceBrokingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnitTrustAndInsuranceBrokingMember" xlink:to="lab_lyg_UnitTrustAndInsuranceBrokingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_019c5283-da11-75f8-9571-29f701bac99c_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1 to 3 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than three years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember_019c5283-d8e9-7b73-be48-e45d6b6fd0e6_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Key management personnel of entity or parent</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel of entity or parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:to="lab_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable_019c5283-d865-747c-9f31-9914195785a1_terseLabel_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Table]</link:label>
    <link:label id="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable_label_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Movements in deferred tax liabilities and assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable" xlink:href="lyg-20251231.xsd#lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable" xlink:to="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems_019c5283-d8e9-7ebc-9a39-311cef556d28_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems_019c5283-d974-7665-90dc-ba35ad404b2b_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems_documentation_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfCompositionOfSchemeAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember_019c5283-d8e9-7eeb-a6fb-dad3c984ed3c_terseLabel_en-US" xlink:label="lab_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Widening of credit default spreads on corporate bonds and other credit risky assets</link:label>
    <link:label id="lab_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember_label_en-US" xlink:label="lab_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Widening Of Credit Default Spreads On Corporate Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember" xlink:href="lyg-20251231.xsd#lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember" xlink:to="lab_lyg_WideningOfCreditDefaultSpreadsOnCorporateBondsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserve_019c5283-d865-7b1c-b2d6-e798b78152db_periodStartLabel_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_MergerReserve_019c5283-d865-7846-ad09-a73ab2905d01_periodEndLabel_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_MergerReserve_label_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserve" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MergerReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserve" xlink:to="lab_ifrs-full_MergerReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset_019c5283-d865-7f96-8c89-ea315c300ba5_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems_019c5283-d8e9-7b94-91f8-05df561fbd09_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems" xlink:to="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementsinLevel3PortfolioLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems_019c5283-d7c1-78c9-9a33-8edd7491a97c_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMortgageLendingLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_019c5283-d865-7806-af50-9e081e02d6db_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>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DerivativeForwardExchangeRate2_019c5283-d8e9-790f-9b3c-866f39d174b0_terseLabel_en-US" xlink:label="lab_lyg_DerivativeForwardExchangeRate2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average exchange rate</link:label>
    <link:label id="lab_lyg_DerivativeForwardExchangeRate2_label_en-US" xlink:label="lab_lyg_DerivativeForwardExchangeRate2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Forward Exchange Rate2</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DerivativeForwardExchangeRate2" xlink:href="lyg-20251231.xsd#lyg_DerivativeForwardExchangeRate2"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DerivativeForwardExchangeRate2" xlink:to="lab_lyg_DerivativeForwardExchangeRate2" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare_019c5283-d974-7d35-9519-89cc1d4d3633_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:to="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FixedShareAwardsMember_019c5283-da98-7870-b08c-c6fb78bfb383_terseLabel_en-US" xlink:label="lab_lyg_FixedShareAwardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed share awards</link:label>
    <link:label id="lab_lyg_FixedShareAwardsMember_label_en-US" xlink:label="lab_lyg_FixedShareAwardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Share Awards [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FixedShareAwardsMember" xlink:href="lyg-20251231.xsd#lyg_FixedShareAwardsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FixedShareAwardsMember" xlink:to="lab_lyg_FixedShareAwardsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019c5283-d8e9-7ea0-98b1-88ae023e7f00_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">Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019c5283-d8e9-7a69-9fb0-5f5cd19c6078_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains and losses attributable to own credit risk, net of tax</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems_019c5283-da11-7bce-9e2e-1d8147161e12_terseLabel_en-US" xlink:label="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems_documentation_en-US" xlink:label="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems" xlink:to="lab_lyg_OTHERLIABILITIESDetailsScheduleOfOtherLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems_019c5283-d865-7139-81d6-d33ca7f91e85_verboseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Probability of Default Loans and Advances [Line Items]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofCreditQualityofAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock_019c5283-da98-750e-9f91-1a9633e67ab7_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Change in Operating Liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfChangeInOperatingLiabilitiestextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfChangeInOperatingLiabilitiestextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_019c5283-da11-7e05-ac6b-1792d126c554_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_lyg_ConnectedPersonsMember_019c5283-d865-7fbc-ba49-f95a0afb6e0c_terseLabel_en-US" xlink:label="lab_lyg_ConnectedPersonsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Connected persons</link:label>
    <link:label id="lab_lyg_ConnectedPersonsMember_label_en-US" xlink:label="lab_lyg_ConnectedPersonsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Connected Persons [Member]</link:label>
    <link:label id="lab_lyg_ConnectedPersonsMember_documentation_en-US" xlink:label="lab_lyg_ConnectedPersonsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Connected Persons</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ConnectedPersonsMember" xlink:href="lyg-20251231.xsd#lyg_ConnectedPersonsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ConnectedPersonsMember" xlink:to="lab_lyg_ConnectedPersonsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LapseRateForWorkplacePensions_019c5283-d974-79ec-aa68-c34779c4c30a_terseLabel_en-US" xlink:label="lab_lyg_LapseRateForWorkplacePensions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lapse rate for workplace pensions</link:label>
    <link:label id="lab_lyg_LapseRateForWorkplacePensions_label_en-US" xlink:label="lab_lyg_LapseRateForWorkplacePensions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lapse Rate For Workplace Pensions</link:label>
    <link:label id="lab_lyg_LapseRateForWorkplacePensions_documentation_en-US" xlink:label="lab_lyg_LapseRateForWorkplacePensions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lapse Rate For Workplace Pensions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LapseRateForWorkplacePensions" xlink:href="lyg-20251231.xsd#lyg_LapseRateForWorkplacePensions"/>
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    <link:label id="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_019c5283-d8e9-700f-a888-1351b40970d6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Concentration of Exposure</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssets_019c5283-da98-7fc8-9443-9bc4deccf87d_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">At 1 January</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019c5283-da98-7fac-a78a-465f9b243ea4_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">At 31 December</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019c5283-da98-71cc-aa42-1378e8daceb5_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_019c5283-da98-7dd1-8158-087eb650315c_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total financial assets</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_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_019c5283-d974-7f03-a192-1e294fbd009a_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, granted (in GBP per option)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_019c5283-d974-7290-b2db-620cddadae69_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options granted in share-based payment arrangement</link:label>
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    <link:label id="lab_lyg_DeferredTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeIncludedInOtherComprehensiveIncomeChangeInFairValue_019c5283-d865-79ac-bebb-fa96003b667c_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>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset_019c5283-da98-70f4-a18f-09e46bdb694f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Contracts under the fair value transition approach</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceRevenueRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceRevenueRelatedToContractsThatExistedAtTransitionDateToWhichFairValueApproachHasBeenAppliedInsuranceContractsLiabilityAsset"/>
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    <link:label id="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives_019c5283-da98-7589-becd-59e204f36703_terseLabel_en-US" xlink:label="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected volatility in recovery rate of distressed derivatives (in percent)</link:label>
    <link:label id="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives_label_en-US" xlink:label="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected Volatility, Recovery Rate of Distressed Derivatives</link:label>
    <link:label id="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives_documentation_en-US" xlink:label="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected Volatility, Recovery Rate of Distressed Derivatives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives" xlink:href="lyg-20251231.xsd#lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives" xlink:to="lab_lyg_ExpectedVolatilityRecoveryRateOfDistressedDerivatives" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ForeignExchangeAxis_019c5283-d8e9-7dab-a3ad-f2515321f392_terseLabel_en-US" xlink:label="lab_lyg_ForeignExchangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange [Axis]</link:label>
    <link:label id="lab_lyg_ForeignExchangeAxis_label_en-US" xlink:label="lab_lyg_ForeignExchangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Exchange [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ForeignExchangeAxis" xlink:href="lyg-20251231.xsd#lyg_ForeignExchangeAxis"/>
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    <link:label id="lab_lyg_TaxReliefOnCouponsOnOtherEquityInstruments_019c5283-d7c1-7f0c-b419-d78796ee1336_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxReliefOnCouponsOnOtherEquityInstruments" 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_TaxReliefOnCouponsOnOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_TaxReliefOnCouponsOnOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TaxReliefOnCouponsOnOtherEquityInstruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxReliefOnCouponsOnOtherEquityInstruments" xlink:href="lyg-20251231.xsd#lyg_TaxReliefOnCouponsOnOtherEquityInstruments"/>
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    <link:label id="lab_lyg_DisclosureOfShareBasedPaymentArrangementsAbstract_019c5283-d865-75a7-8e90-5ac841c9ee13_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfShareBasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of share-based payment arrangements [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfShareBasedPaymentArrangementsAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfShareBasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of share-based payment arrangements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfShareBasedPaymentArrangementsAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfShareBasedPaymentArrangementsAbstract"/>
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    <link:label id="lab_lyg_RepurchaseAgreementStockLendingMember_019c5283-d974-7e31-ab2b-9a7a855fd138_terseLabel_en-US" xlink:label="lab_lyg_RepurchaseAgreementStockLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase and securities lending transactions</link:label>
    <link:label id="lab_lyg_RepurchaseAgreementStockLendingMember_label_en-US" xlink:label="lab_lyg_RepurchaseAgreementStockLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase Agreement Stock Lending [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RepurchaseAgreementStockLendingMember" xlink:href="lyg-20251231.xsd#lyg_RepurchaseAgreementStockLendingMember"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset_019c5283-da11-7d7b-a86d-d625b89aeb6f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net finance expense from insurance and participating investment contracts</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset"/>
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    <link:label id="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets_019c5283-d8e9-76e4-be7e-14439c88999c_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property</link:label>
    <link:label id="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_PropertyAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real estate, amount contributed to fair value of plan assets</link:label>
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    <link:label id="lab_lyg_DecreaseOfOneYearMember_019c5283-da11-7f70-a779-93e873e074d2_terseLabel_en-US" xlink:label="lab_lyg_DecreaseOfOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease of one year</link:label>
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    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain_019c5283-d8e9-7d36-9b28-391cb273c041_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [domain]</link:label>
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    <link:label id="lab_ifrs-full_CapitalCommitments_019c5283-d975-7280-93d6-825f441bcb87_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital commitments</link:label>
    <link:label id="lab_ifrs-full_CapitalCommitments_label_en-US" xlink:label="lab_ifrs-full_CapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CapitalCommitments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CapitalCommitments"/>
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    <link:label id="lab_lyg_BondAndDebtFundsMember_019c5283-da98-7e3b-a9a6-c8cd382a1e84_terseLabel_en-US" xlink:label="lab_lyg_BondAndDebtFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bond and debt funds</link:label>
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    <link:label id="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod_019c5283-d7c1-7290-b328-def5a915950d_terseLabel_en-US" xlink:label="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduction period</link:label>
    <link:label id="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod_label_en-US" xlink:label="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Growth Rate Used To Extrapolate Cash Flow Projections, Reduction Period</link:label>
    <link:label id="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod_documentation_en-US" xlink:label="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Growth Rate Used To Extrapolate Cash Flow Projections, Reduction Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod" xlink:href="lyg-20251231.xsd#lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod" xlink:to="lab_lyg_GrowthRateUsedToExtrapolateCashFlowProjectionsReductionPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_019c5283-d8e9-77b5-ba4a-bdc344efa93a_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 &#163;m</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_lyg_ActiveMembersMember_019c5283-d8e9-74ab-afae-5775fbb871ca_terseLabel_en-US" xlink:label="lab_lyg_ActiveMembersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Active members</link:label>
    <link:label id="lab_lyg_ActiveMembersMember_label_en-US" xlink:label="lab_lyg_ActiveMembersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Active Members [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ActiveMembersMember" xlink:href="lyg-20251231.xsd#lyg_ActiveMembersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ActiveMembersMember" xlink:to="lab_lyg_ActiveMembersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis_019c5283-d7c1-771e-80cb-028da4255477_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of entity's own equity instruments [Axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of entity's own equity instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis" xlink:to="lab_ifrs-full_ClassesOfEntitysOwnEquityInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_019c5283-da12-7e8c-8fa0-87027108a199_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">1 to 2 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_019c5283-da12-7279-98c2-a410538aa79a_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Later than 1 year and not later than 2 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_019c5283-da12-7e29-8169-562af3b59b65_netLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">1 to 2 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_Stage3Member_019c5283-da98-75d2-889e-2b0345daf427_terseLabel_en-US" xlink:label="lab_lyg_Stage3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 3 &#163;m</link:label>
    <link:label id="lab_lyg_Stage3Member_label_en-US" xlink:label="lab_lyg_Stage3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 3 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Stage3Member" xlink:href="lyg-20251231.xsd#lyg_Stage3Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Stage3Member" xlink:to="lab_lyg_Stage3Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset_019c5283-d865-716b-8af1-d6420df4dbcd_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Insurance service expenses</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance service expenses, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EconomicAssumptionPeriodAxis_019c5283-d974-7e62-bb42-9fdcd304a204_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-20251231.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_InternalCreditGradesDomain_019c5283-da11-764e-8145-9b8847eb007b_terseLabel_en-US" xlink:label="lab_ifrs-full_InternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Internal credit grades [domain]</link:label>
    <link:label id="lab_ifrs-full_InternalCreditGradesDomain_label_en-US" xlink:label="lab_ifrs-full_InternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Internal credit grades [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InternalCreditGradesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InternalCreditGradesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InternalCreditGradesDomain" xlink:to="lab_ifrs-full_InternalCreditGradesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherServicesAuditRelatedFeesMember_019c5283-da98-794e-9862-9f2c6ec9b2e4_terseLabel_en-US" xlink:label="lab_lyg_OtherServicesAuditRelatedFeesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other audit-related fees</link:label>
    <link:label id="lab_lyg_OtherServicesAuditRelatedFeesMember_label_en-US" xlink:label="lab_lyg_OtherServicesAuditRelatedFeesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Services Audit Related Fees [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherServicesAuditRelatedFeesMember" xlink:href="lyg-20251231.xsd#lyg_OtherServicesAuditRelatedFeesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherServicesAuditRelatedFeesMember" xlink:to="lab_lyg_OtherServicesAuditRelatedFeesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_naics_ZZ525110_019c5283-d8e9-7998-956d-e85c4798c666_terseLabel_en-US" xlink:label="lab_naics_ZZ525110" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension funds</link:label>
    <link:label id="lab_naics_ZZ525110_label_en-US" xlink:label="lab_naics_ZZ525110" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">525110 Pension Funds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_naics_ZZ525110" xlink:href="https://xbrl.sec.gov/naics/2025/naics-2025.xsd#naics_ZZ525110"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_naics_ZZ525110" xlink:to="lab_naics_ZZ525110" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_019c5283-d7c1-7223-afb7-6c72f012056d_verboseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation</link:label>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_019c5283-d7c1-743c-828c-32e658512c09_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_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_019c5283-d865-7926-bd8a-5df475778708_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount rate used in current estimate of value in use</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount rate used in current estimate of value in use</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:to="lab_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_019c5283-d865-751a-9b0e-678cf57b4124_terseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Benefits paid</link:label>
    <link:label id="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" 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 payments from plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract_019c5283-d974-790d-aaef-aa5013ef93d4_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through cash flows, insurance contracts liability (asset) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WholesaleFunding_019c5283-d7c1-7fad-a033-c323deed91c4_totalLabel_en-US" xlink:label="lab_lyg_WholesaleFunding" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total wholesale funding</link:label>
    <link:label id="lab_lyg_WholesaleFunding_label_en-US" xlink:label="lab_lyg_WholesaleFunding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wholesale Funding</link:label>
    <link:label id="lab_lyg_WholesaleFunding_documentation_en-US" xlink:label="lab_lyg_WholesaleFunding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Wholesale Funding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WholesaleFunding" xlink:href="lyg-20251231.xsd#lyg_WholesaleFunding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_WholesaleFunding" xlink:to="lab_lyg_WholesaleFunding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_019c5283-d865-7f22-90d5-ed39f109eece_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">Financial assets at fair value, class</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_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract_019c5283-da98-7f20-88e4-d0c15458732e_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Relating to current services</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesThatRelateToCurrentServiceInsuranceContractsLiabilityAssetAbstract" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_PaidInMoreThan45YearsMember_019c5283-da11-782b-aba0-6386e258dd06_terseLabel_en-US" xlink:label="lab_lyg_PaidInMoreThan45YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">In more than 45 years</link:label>
    <link:label id="lab_lyg_PaidInMoreThan45YearsMember_label_en-US" xlink:label="lab_lyg_PaidInMoreThan45YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid In More Than 45 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidInMoreThan45YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidInMoreThan45YearsMember"/>
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    <link:label id="lab_ifrs-full_RevenueFromPerformanceObligationsSatisfiedOrPartiallySatisfiedInPreviousPeriods_019c5283-d8e9-7108-87ad-7b8cda6a28f6_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromPerformanceObligationsSatisfiedOrPartiallySatisfiedInPreviousPeriods" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from performance obligations satisfied or partially satisfied in previous periods</link:label>
    <link:label id="lab_ifrs-full_RevenueFromPerformanceObligationsSatisfiedOrPartiallySatisfiedInPreviousPeriods_label_en-US" xlink:label="lab_ifrs-full_RevenueFromPerformanceObligationsSatisfiedOrPartiallySatisfiedInPreviousPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from performance obligations satisfied or partially satisfied in previous periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromPerformanceObligationsSatisfiedOrPartiallySatisfiedInPreviousPeriods" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromPerformanceObligationsSatisfiedOrPartiallySatisfiedInPreviousPeriods"/>
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    <link:label id="lab_ifrs-full_ExternalCreditGradesDomain_019c5283-d975-7b56-81b4-ec6fa1200eba_terseLabel_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External credit grades [domain]</link:label>
    <link:label id="lab_ifrs-full_ExternalCreditGradesDomain_label_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">External credit grades [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExternalCreditGradesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExternalCreditGradesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExternalCreditGradesDomain" xlink:to="lab_ifrs-full_ExternalCreditGradesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FavourableChangesMember_019c5283-d974-7d42-93e0-c4badedba52f_terseLabel_en-US" xlink:label="lab_lyg_FavourableChangesMember" 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_lyg_FavourableChangesMember_label_en-US" xlink:label="lab_lyg_FavourableChangesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Favourable Changes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FavourableChangesMember" xlink:href="lyg-20251231.xsd#lyg_FavourableChangesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FavourableChangesMember" xlink:to="lab_lyg_FavourableChangesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member_019c5283-da12-7f64-a7e2-d066e3a5f92c_terseLabel_en-US" xlink:label="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,000,000.000 7.953% Fixed Rate Reset Subordinated Debt Securities due 2033</link:label>
    <link:label id="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member_label_en-US" xlink:label="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,000,000.000 7.953% Fixed Rate Reset Subordinated Debt Securities due 2033 [Member]</link:label>
    <link:label id="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member_documentation_en-US" xlink:label="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,000,000.000 7.953% Fixed Rate Reset Subordinated Debt Securities due 2033</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member" xlink:href="lyg-20251231.xsd#lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member" xlink:to="lab_lyg_A10000000007953FixedRateResetSubordinatedDebtSecuritiesDue2033Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsDomain_019c5283-da12-7fd7-85bb-ded101c42302_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_OtherServicesSuppliedPursuantToLegislationMember_019c5283-d974-752e-979b-836037450ee3_terseLabel_en-US" xlink:label="lab_lyg_OtherServicesSuppliedPursuantToLegislationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">&#8211; services normally provided in connection with statutory and regulatory filings or engagements</link:label>
    <link:label id="lab_lyg_OtherServicesSuppliedPursuantToLegislationMember_label_en-US" xlink:label="lab_lyg_OtherServicesSuppliedPursuantToLegislationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Services Supplied Pursuant To Legislation [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherServicesSuppliedPursuantToLegislationMember" xlink:href="lyg-20251231.xsd#lyg_OtherServicesSuppliedPursuantToLegislationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherServicesSuppliedPursuantToLegislationMember" xlink:to="lab_lyg_OtherServicesSuppliedPursuantToLegislationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDividendsExplanatory_019c5283-d8e9-7a2c-a224-51d29b9425df_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</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_019c5283-da98-739e-bde6-f76f09811c64_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_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019c5283-d8e9-7980-8453-c2cbb8b8869a_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities in issue at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments held at fair value through profit or loss, classified as held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="lab_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LapseRatesMember_019c5283-da98-7924-a2fc-0518e54171d6_terseLabel_en-US" xlink:label="lab_lyg_LapseRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lapse rates</link:label>
    <link:label id="lab_lyg_LapseRatesMember_label_en-US" xlink:label="lab_lyg_LapseRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lapse Rates [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LapseRatesMember" xlink:href="lyg-20251231.xsd#lyg_LapseRatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LapseRatesMember" xlink:to="lab_lyg_LapseRatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMarketRiskExplanatory_019c5283-d8e9-784c-bdc9-a0f89c1c22ea_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMarketRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of market risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMarketRiskExplanatory"/>
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    <link:label id="lab_lyg_AwardDate1Domain_019c5283-d7c1-7773-a5e7-d4e9fbc92386_terseLabel_en-US" xlink:label="lab_lyg_AwardDate1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award date [Domain]</link:label>
    <link:label id="lab_lyg_AwardDate1Domain_label_en-US" xlink:label="lab_lyg_AwardDate1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Award Date1 [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AwardDate1Domain" xlink:href="lyg-20251231.xsd#lyg_AwardDate1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AwardDate1Domain" xlink:to="lab_lyg_AwardDate1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxAuthorityAxis_019c5283-da12-72ca-82d5-6561558b4cba_terseLabel_en-US" xlink:label="lab_lyg_TaxAuthorityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax authority [Axis]</link:label>
    <link:label id="lab_lyg_TaxAuthorityAxis_label_en-US" xlink:label="lab_lyg_TaxAuthorityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Authority [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxAuthorityAxis" xlink:href="lyg-20251231.xsd#lyg_TaxAuthorityAxis"/>
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    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_019c5283-da98-709b-acc3-8eb8a1b778a7_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">Defined benefit asset</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_019c5283-da98-7573-bc25-38d5dba94db0_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_019c5283-da98-7ed2-afd1-11c4c24d1872_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_019c5283-da98-7095-b187-118932b142e5_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">At 31 December</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_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofAcquisitionofGroupUndertakingsandBusinessesTable_019c5283-da98-788b-800e-65cc7eca6e6f_terseLabel_en-US" xlink:label="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofAcquisitionofGroupUndertakingsandBusinessesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CONSOLIDATED CASH FLOW STATEMENT (Details) - Schedule of Acquisition of Group Undertakings and Businesses [Table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofAcquisitionofGroupUndertakingsandBusinessesTable" xlink:href="lyg-20251231.xsd#lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleofAcquisitionofGroupUndertakingsandBusinessesTable"/>
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    <link:label id="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember_019c5283-d865-76ab-a4b4-0aab6b9bdd7a_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 1 and 2</link:label>
    <link:label id="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember_label_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial instruments not credit-impaired [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialInstrumentsNotCreditimpairedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:to="lab_ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SevereDownsideMember_019c5283-d865-7ddc-ba34-4153021a31df_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-20251231.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_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience_019c5283-da98-7416-84ad-ddacb84ddc06_terseLabel_en-US" xlink:label="lab_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial assumption of mortality rate - sensitivity of mortality experience</link:label>
    <link:label id="lab_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience_label_en-US" xlink:label="lab_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial Assumption Of Mortality Rate, Sensitivity Of Mortality Experience</link:label>
    <link:label id="lab_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience_documentation_en-US" xlink:label="lab_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Actuarial Assumption Of Mortality Rate, Sensitivity Of Mortality Experience</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience" xlink:href="lyg-20251231.xsd#lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience" xlink:to="lab_lyg_ActuarialAssumptionOfMortalityRateSensitivityOfMortalityExperience" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SharePlansMember_019c5283-da98-76c5-8478-c0dd41338c68_terseLabel_en-US" xlink:label="lab_lyg_SharePlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share plans</link:label>
    <link:label id="lab_lyg_SharePlansMember_label_en-US" xlink:label="lab_lyg_SharePlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Plans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SharePlansMember" xlink:href="lyg-20251231.xsd#lyg_SharePlansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SharePlansMember" xlink:to="lab_lyg_SharePlansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_019c5283-d865-7d26-a01d-9f37677a960a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Number of options, forfeited (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_019c5283-d865-7ec7-81e6-1edeaef66f43_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options forfeited in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CancellationOfTreasuryShares_019c5283-da98-7861-b01f-2b4bdeb115ed_negatedLabel_en-US" xlink:label="lab_ifrs-full_CancellationOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Share buyback</link:label>
    <link:label id="lab_ifrs-full_CancellationOfTreasuryShares_019c5283-da98-7f8c-b599-d9ac19d332dc_terseLabel_en-US" xlink:label="lab_ifrs-full_CancellationOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares cancelled under share buyback programme (see below)</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_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable_019c5283-da98-704e-a823-caab2ab80754_terseLabel_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment [Table]</link:label>
    <link:label id="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable_label_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment [Table]</link:label>
    <link:label id="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable_documentation_en-US" xlink:label="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable" xlink:href="lyg-20251231.xsd#lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable" xlink:to="lab_lyg_PROPERTYPLANTANDEQUIPMENTDetailsScheduleOfPropertyPlantAndEquipmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FixedRateMortgagesMember_019c5283-da98-7309-a8df-5c8e19ddc67a_terseLabel_en-US" xlink:label="lab_lyg_FixedRateMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed rate mortgages</link:label>
    <link:label id="lab_lyg_FixedRateMortgagesMember_label_en-US" xlink:label="lab_lyg_FixedRateMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Rate Mortgages [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FixedRateMortgagesMember" xlink:href="lyg-20251231.xsd#lyg_FixedRateMortgagesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FixedRateMortgagesMember" xlink:to="lab_lyg_FixedRateMortgagesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable_019c5283-d8e9-76e1-ac05-92921fc0b79e_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RightofuseAssets_019c5283-da98-75d0-ba6d-1b610f452d04_periodStartLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_019c5283-da98-7bc2-9620-8c2a4d194d60_periodEndLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssets" xlink:to="lab_ifrs-full_RightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_ContactPersonnelName_019c5283-d865-7c79-9d89-6141ec2a9436_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contact personnel name</link:label>
    <link:label id="lab_dei_ContactPersonnelName_label_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ContactPersonnelName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelName" xlink:to="lab_dei_ContactPersonnelName" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TenYearsMember_019c5283-da11-7e6f-acc5-33dae5ae838d_terseLabel_en-US" xlink:label="lab_lyg_TenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10 year</link:label>
    <link:label id="lab_lyg_TenYearsMember_label_en-US" xlink:label="lab_lyg_TenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ten Years [Member]</link:label>
    <link:label id="lab_lyg_TenYearsMember_documentation_en-US" xlink:label="lab_lyg_TenYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ten Years</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TenYearsMember" xlink:href="lyg-20251231.xsd#lyg_TenYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TenYearsMember" xlink:to="lab_lyg_TenYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired_019c5283-da98-74d6-96bf-a0cff4519585_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
    <link:label id="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired_label_en-US" xlink:label="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember_019c5283-d865-73b2-b9b4-4f4efc42a2fc_terseLabel_en-US" xlink:label="lab_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Potential net amounts if offset of related amounts permitted &#163;m</link:label>
    <link:label id="lab_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember_label_en-US" xlink:label="lab_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Potential Net Amounts If Offset Of Related Amounts Permitted [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember" xlink:href="lyg-20251231.xsd#lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember" xlink:to="lab_lyg_PotentialNetAmountsIfOffsetOfRelatedAmountsPermittedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherSegmentOtherMember_019c5283-d865-7220-a594-e164e2f4fab0_terseLabel_en-US" xlink:label="lab_lyg_OtherSegmentOtherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_lyg_OtherSegmentOtherMember_label_en-US" xlink:label="lab_lyg_OtherSegmentOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Segment - Other [Member]</link:label>
    <link:label id="lab_lyg_OtherSegmentOtherMember_documentation_en-US" xlink:label="lab_lyg_OtherSegmentOtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Segment - Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherSegmentOtherMember" xlink:href="lyg-20251231.xsd#lyg_OtherSegmentOtherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherSegmentOtherMember" xlink:to="lab_lyg_OtherSegmentOtherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentInvestments_019c5283-d7c1-7296-9009-d340382a7e3a_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current investments</link:label>
    <link:label id="lab_ifrs-full_CurrentInvestments_label_en-US" xlink:label="lab_ifrs-full_CurrentInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentInvestments" xlink:to="lab_ifrs-full_CurrentInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CPIMember_019c5283-da98-78aa-9576-dd6f7678486b_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>
    <link:label id="lab_lyg_CPIMember_label_en-US" xlink:label="lab_lyg_CPIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CPI [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CPIMember" xlink:href="lyg-20251231.xsd#lyg_CPIMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CPIMember" xlink:to="lab_lyg_CPIMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SecuritisationsMember_019c5283-da98-781a-8c86-091146a2a785_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">Securitisations</link:label>
    <link:label id="lab_ifrs-full_SecuritisationsMember_label_en-US" xlink:label="lab_ifrs-full_SecuritisationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitisations [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SecuritisationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SecuritisationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SecuritisationsMember" xlink:to="lab_ifrs-full_SecuritisationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfInterestIncomeExpenseAbstract_019c5283-d7c1-7aa0-b544-26aeef1021b1_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfInterestIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of interest income (expense) [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfInterestIncomeExpenseAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfInterestIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interest income (expense) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfInterestIncomeExpenseAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfInterestIncomeExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfInterestIncomeExpenseAbstract" xlink:to="lab_lyg_DisclosureOfInterestIncomeExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates_019c5283-d974-7c86-99c0-4275ca92dab6_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of base mortality, used in calculating bespoke mortality rates</link:label>
    <link:label id="lab_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates_label_en-US" xlink:label="lab_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Base Mortality, Used in Calculating Bespoke Mortality Rates</link:label>
    <link:label id="lab_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates_documentation_en-US" xlink:label="lab_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Of Base Mortality, Used in Calculating Bespoke Mortality Rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates" xlink:href="lyg-20251231.xsd#lyg_PercentageOfBaseMortalityUsedInCalculatingBespokeMortalityRates"/>
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    <link:label id="lab_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember_019c5283-da98-7077-8f24-a1a5d4f18ca3_terseLabel_en-US" xlink:label="lab_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3 to 12 months &#163;m</link:label>
    <link:label id="lab_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember_label_en-US" xlink:label="lab_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later Than Three Months And Not Later Than Twelve Months [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember" xlink:href="lyg-20251231.xsd#lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember" xlink:to="lab_lyg_LaterThanThreeMonthsAndNotLaterThanTwelveMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset_019c5283-d974-7b97-b9f6-23115936856a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">CSM recognised for services provided</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through recognition of contractual service margin in profit or loss to reflect transfer of services, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughRecognitionOfContractualServiceMarginInProfitOrLossToReflectTransferOfServicesInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod_019c5283-d7c1-74d5-a2b6-da7bf5b69e6d_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>
    <link:label id="lab_ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod_label_en-US" xlink:label="lab_ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers of cumulative gain (loss) within equity when investments in equity instruments designated at fair value through other comprehensive income are derecognised during period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersOfCumulativeGainLossWithinEquityWhenInvestmentsInEquityInstrumentsDesignatedAtFairValueThroughOtherComprehensiveIncomeAreDerecognisedDuringPeriod"/>
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    <link:label id="lab_lyg_LessHeldByTheGroupMember_019c5283-d8e9-7e21-b03f-84c53244eae6_terseLabel_en-US" xlink:label="lab_lyg_LessHeldByTheGroupMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less held by the group</link:label>
    <link:label id="lab_lyg_LessHeldByTheGroupMember_label_en-US" xlink:label="lab_lyg_LessHeldByTheGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Less Held By The Group [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LessHeldByTheGroupMember" xlink:href="lyg-20251231.xsd#lyg_LessHeldByTheGroupMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LessHeldByTheGroupMember" xlink:to="lab_lyg_LessHeldByTheGroupMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock_019c5283-d974-7083-9b86-ce46336bbcbc_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 Detailed Information about ECL Sensitivity to Economic Assumptions</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About ECL Sensitivity To Economic Assumptions [Table Text Block]</link:label>
    <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-20251231.xsd#lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock" xlink:to="lab_lyg_DisclosureOfDetailedInformationAboutECLSensitivityToEconomicAssumptionsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts_019c5283-d7c1-7fd5-82f8-ac3ba36316d8_totalLabel_en-US" xlink:label="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating expenses before adjustment for:</link:label>
    <link:label id="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts_label_en-US" xlink:label="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense, Before Adjustment For Insurance Contracts</link:label>
    <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-20251231.xsd#lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts" xlink:to="lab_lyg_OperatingExpenseBeforeAdjustmentForInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts_019c5283-d865-79df-b8ca-e63cec8f938f_terseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in insurance contracts</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts_label_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Insurance Contracts</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts_documentation_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Insurance Contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts" xlink:to="lab_lyg_AdjustmentsForIncreaseDecreaseInInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfExpensesAbstract_019c5283-d8e9-70fa-bede-d5808d8ab1f9_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of expenses [text block] [Abstract]</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:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfExpensesAbstract" xlink:href="lyg-20251231.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"/>
    <link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome_019c5283-da98-7cba-bd03-d9e3466b9844_terseLabel_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) recognised in other comprehensive income &#163;m</link:label>
    <link:label id="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (loss) on hedge ineffectiveness recognised in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:to="lab_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_019c5283-d8e9-7644-8ac7-96b8cd3df166_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" 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_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" 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, net of tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LloydsBankingGroupShareIncentivePlanMember_019c5283-da11-77af-aa59-e77ddc35de77_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupShareIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group share incentive plan</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupShareIncentivePlanMember_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupShareIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Share Incentive Plan [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupShareIncentivePlanMember" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupShareIncentivePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupShareIncentivePlanMember" xlink:to="lab_lyg_LloydsBankingGroupShareIncentivePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativesMember_019c5283-da11-753a-a9b0-841c95c67621_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">Derivatives &#163;m</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_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement_019c5283-da98-705d-8c83-40999fb45eed_negatedTerseLabel_en-US" xlink:label="lab_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Number of options, cancelled (in options)</link:label>
    <link:label id="lab_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NumberOfShareOptionsCancelledInSharebasedPaymentArrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement" xlink:href="lyg-20251231.xsd#lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement" xlink:to="lab_lyg_NumberOfShareOptionsCancelledInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FinalDividendMember_019c5283-da11-7999-a401-2ee9e088d9d3_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 recommended by directors at previous year end</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-20251231.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_lyg_PercentOfSharesToBeReleasedEachYear_019c5283-da11-7a53-aa1b-ce065f2eb537_terseLabel_en-US" xlink:label="lab_lyg_PercentOfSharesToBeReleasedEachYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent of shares to be released each year (percent)</link:label>
    <link:label id="lab_lyg_PercentOfSharesToBeReleasedEachYear_label_en-US" xlink:label="lab_lyg_PercentOfSharesToBeReleasedEachYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PercentOfSharesToBeReleasedEachYear</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentOfSharesToBeReleasedEachYear" xlink:href="lyg-20251231.xsd#lyg_PercentOfSharesToBeReleasedEachYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PercentOfSharesToBeReleasedEachYear" xlink:to="lab_lyg_PercentOfSharesToBeReleasedEachYear" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member_019c5283-d7c1-7bd1-9f2d-b3761a45b822_terseLabel_en-US" xlink:label="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.818% Senior Callable Fixed-to-Fixed Rate Notes due 2029</link:label>
    <link:label id="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member_label_en-US" xlink:label="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.818% Senior Callable Fixed-to-Fixed Rate Notes due 2029 [Member]</link:label>
    <link:label id="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member_documentation_en-US" xlink:label="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.818% Senior Callable Fixed-to-Fixed Rate Notes due 2029</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:href="lyg-20251231.xsd#lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:to="lab_lyg_A12500000004.818SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable_019c5283-da98-776c-8b64-226bba4687e0_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitsAmountsRecognizedinBalanceSheetTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BusinessCombinationsMember_019c5283-d7c1-7461-b1c1-b90363e5f80d_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total for all business combinations</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsMember_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total for all business combinations [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BusinessCombinationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsMember" xlink:to="lab_ifrs-full_BusinessCombinationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_019c5283-d865-72e9-bdcd-97cd98510719_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of share capital [Axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions_019c5283-da98-71cc-95bf-accf02f1dbc1_verboseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughShareBuyBackTransactions" xlink:href="lyg-20251231.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_lyg_DisclosureOfAuditorsRemunerationAbstract_019c5283-da11-7f18-9d2a-1e27c87bc962_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfAuditorsRemunerationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of auditors' remuneration [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfAuditorsRemunerationAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfAuditorsRemunerationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of auditors' remuneration [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAuditorsRemunerationAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfAuditorsRemunerationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfAuditorsRemunerationAbstract" xlink:to="lab_lyg_DisclosureOfAuditorsRemunerationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForTrading_019c5283-da98-7c23-ac9a-75c205e0395a_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">Trading and other</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_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented_019c5283-da98-7e28-9ecc-d96deba6127f_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of instruments that are antidilutive in period presented</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented_label_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of instruments that are antidilutive in period presented</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented" xlink:to="lab_ifrs-full_NumberOfInstrumentsThatAreAntidilutiveInPeriodPresented" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OptionsAndSharesGrantedInTheYearMember_019c5283-da11-7065-8c85-ab1717658258_terseLabel_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedInTheYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options and shares granted in the year</link:label>
    <link:label id="lab_lyg_OptionsAndSharesGrantedInTheYearMember_label_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedInTheYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Options and Shares Granted in the Year [Member]</link:label>
    <link:label id="lab_lyg_OptionsAndSharesGrantedInTheYearMember_documentation_en-US" xlink:label="lab_lyg_OptionsAndSharesGrantedInTheYearMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Options and Shares Granted in the Year</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OptionsAndSharesGrantedInTheYearMember" xlink:href="lyg-20251231.xsd#lyg_OptionsAndSharesGrantedInTheYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OptionsAndSharesGrantedInTheYearMember" xlink:to="lab_lyg_OptionsAndSharesGrantedInTheYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain_019c5283-d865-7814-99a0-efa93494d370_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transferred financial assets that are not derecognised in their entirety [domain]</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transferred financial assets that are not derecognised in their entirety [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain" xlink:to="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_019c5283-d974-7870-b9a7-0eb8511fd657_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_019c5283-d974-7fb1-aed3-7aa33994f36d_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">At 1 January</link:label>
    <link:label id="lab_ifrs-full_Equity_019c5283-d974-79d7-a041-be5bc772c8a3_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">At 31 December</link:label>
    <link:label id="lab_ifrs-full_Equity_019c5283-d974-7fe3-b3a5-9a414fac9fb4_terseLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total equity</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_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract_019c5283-d865-77e4-baed-45c8f047a7d0_terseLabel_en-US" xlink:label="lab_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturities of Assets and Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturities of Assets and Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract_documentation_en-US" xlink:label="lab_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maturities of Assets and Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_MaturitiesOfAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract" xlink:to="lab_lyg_MaturitiesOfAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AdditionsToFixedAssets_019c5283-da11-72b7-bc95-7a3e7a794e10_verboseLabel_en-US" xlink:label="lab_lyg_AdditionsToFixedAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions to fixed assets</link:label>
    <link:label id="lab_lyg_AdditionsToFixedAssets_label_en-US" xlink:label="lab_lyg_AdditionsToFixedAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AdditionsToFixedAssets</link:label>
    <link:label id="lab_lyg_AdditionsToFixedAssets_documentation_en-US" xlink:label="lab_lyg_AdditionsToFixedAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The sum of additions of Property, Plant and equipment, the expenditure on investment properties and additions to intangible assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdditionsToFixedAssets" xlink:href="lyg-20251231.xsd#lyg_AdditionsToFixedAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AdditionsToFixedAssets" xlink:to="lab_lyg_AdditionsToFixedAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExpectedCreditLossesIndividuallyAndCollectivelyAssessedIncludingJudgementsAppliedMember_019c5283-da12-7ebc-832a-ddc6685a7ff7_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 &#163;m</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-20251231.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_lyg_FinancialInstrument1Axis_019c5283-da11-719a-bbe2-79093ad90032_terseLabel_en-US" xlink:label="lab_lyg_FinancialInstrument1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial instrument [Axis]</link:label>
    <link:label id="lab_lyg_FinancialInstrument1Axis_label_en-US" xlink:label="lab_lyg_FinancialInstrument1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instrument1 [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FinancialInstrument1Axis" xlink:href="lyg-20251231.xsd#lyg_FinancialInstrument1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FinancialInstrument1Axis" xlink:to="lab_lyg_FinancialInstrument1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SourceOfEstimationUncertaintyDomain_019c5283-d7c1-77b6-8e3d-5516982fa722_terseLabel_en-US" xlink:label="lab_lyg_SourceOfEstimationUncertaintyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Source of Estimation Uncertainty [Domain]</link:label>
    <link:label id="lab_lyg_SourceOfEstimationUncertaintyDomain_label_en-US" xlink:label="lab_lyg_SourceOfEstimationUncertaintyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Source of Estimation Uncertainty [Domain]</link:label>
    <link:label id="lab_lyg_SourceOfEstimationUncertaintyDomain_documentation_en-US" xlink:label="lab_lyg_SourceOfEstimationUncertaintyDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Source of Estimation Uncertainty [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SourceOfEstimationUncertaintyDomain" xlink:href="lyg-20251231.xsd#lyg_SourceOfEstimationUncertaintyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SourceOfEstimationUncertaintyDomain" xlink:to="lab_lyg_SourceOfEstimationUncertaintyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExternalOperatingLeaseDepreciation_019c5283-da98-7320-b240-933ef3db4acf_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-20251231.xsd#lyg_ExternalOperatingLeaseDepreciation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExternalOperatingLeaseDepreciation" xlink:to="lab_lyg_ExternalOperatingLeaseDepreciation" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PerformancePeriodForGrantDomain_019c5283-d8e9-7800-942f-1f3b0b842655_terseLabel_en-US" xlink:label="lab_lyg_PerformancePeriodForGrantDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance period for grant [Domain]</link:label>
    <link:label id="lab_lyg_PerformancePeriodForGrantDomain_label_en-US" xlink:label="lab_lyg_PerformancePeriodForGrantDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PerformancePeriodForGrant [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PerformancePeriodForGrantDomain" xlink:href="lyg-20251231.xsd#lyg_PerformancePeriodForGrantDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PerformancePeriodForGrantDomain" xlink:to="lab_lyg_PerformancePeriodForGrantDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScenarioRiskMacroLevelMember_019c5283-d865-73bb-89f4-b153dc47639a_terseLabel_en-US" xlink:label="lab_lyg_ScenarioRiskMacroLevelMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario risk &#8211; macro level</link:label>
    <link:label id="lab_lyg_ScenarioRiskMacroLevelMember_label_en-US" xlink:label="lab_lyg_ScenarioRiskMacroLevelMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario Risk - Macro Level [Member]</link:label>
    <link:label id="lab_lyg_ScenarioRiskMacroLevelMember_documentation_en-US" xlink:label="lab_lyg_ScenarioRiskMacroLevelMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Scenario Risk - Macro Level</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScenarioRiskMacroLevelMember" xlink:href="lyg-20251231.xsd#lyg_ScenarioRiskMacroLevelMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScenarioRiskMacroLevelMember" xlink:to="lab_lyg_ScenarioRiskMacroLevelMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterTwoMember_019c5283-da98-7334-ab15-2d56ba74584f_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 2026 %</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-20251231.xsd#lyg_OneYearAfterReportingYearQuarterTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OneYearAfterReportingYearQuarterTwoMember" xlink:to="lab_lyg_OneYearAfterReportingYearQuarterTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract_019c5283-d8e9-7994-af49-e8f71be10a48_terseLabel_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" 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_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncome [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:href="lyg-20251231.xsd#lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:to="lab_lyg_MovementsInRevaluationReserveInRespectOfEquitySharesHeldAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems_019c5283-d865-72ed-ac96-f0ad294d4c78_terseLabel_en-US" xlink:label="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DIVIDENDS ON ORDINARY SHARES (Details) [Line Items]</link:label>
    <link:label id="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems_label_en-US" xlink:label="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DIVIDENDS ON ORDINARY SHARES (Details) [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems" xlink:href="lyg-20251231.xsd#lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems" xlink:to="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets_019c5283-d8e9-71d8-a314-3478afbac100_negatedTerseLabel_en-US" xlink:label="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Total life excluding net impairment loss on insurance acquisition assets</link:label>
    <link:label id="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets_label_en-US" xlink:label="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Service Expenses From Insurance Contracts Issued Before Net Impairment Loss on Insurance Acquisition Assets</link:label>
    <link:label id="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets_documentation_en-US" xlink:label="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets" 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_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets" xlink:href="lyg-20251231.xsd#lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets" xlink:to="lab_lyg_InsuranceServiceExpensesFromInsuranceContractsIssuedBeforeNetImpairmentLossOnInsuranceAcquisitionAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EconomicAssumptionPeriodDomain_019c5283-da98-73d3-b3d1-31c7f0551356_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-20251231.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_lyg_LiquidityFundsMember_019c5283-d8e9-77b1-a2ed-af362a278c41_terseLabel_en-US" xlink:label="lab_lyg_LiquidityFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity funds</link:label>
    <link:label id="lab_lyg_LiquidityFundsMember_label_en-US" xlink:label="lab_lyg_LiquidityFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Funds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LiquidityFundsMember" xlink:href="lyg-20251231.xsd#lyg_LiquidityFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LiquidityFundsMember" xlink:to="lab_lyg_LiquidityFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_019c5283-d8e9-7419-ae9e-030820189120_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 &#163;m</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_SalariesAndOtherShorttermBenefits_019c5283-d8e9-7d3c-95a3-b9e16fb0a852_terseLabel_en-US" xlink:label="lab_lyg_SalariesAndOtherShorttermBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Salaries and other short-term benefits</link:label>
    <link:label id="lab_lyg_SalariesAndOtherShorttermBenefits_label_en-US" xlink:label="lab_lyg_SalariesAndOtherShorttermBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SalariesAndOtherShorttermBenefits</link:label>
    <link:label id="lab_lyg_SalariesAndOtherShorttermBenefits_documentation_en-US" xlink:label="lab_lyg_SalariesAndOtherShorttermBenefits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Salaries and other short-term benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SalariesAndOtherShorttermBenefits" xlink:href="lyg-20251231.xsd#lyg_SalariesAndOtherShorttermBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SalariesAndOtherShorttermBenefits" xlink:to="lab_lyg_SalariesAndOtherShorttermBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A4.5DatedSubordinatedNotes2024Member_019c5283-da98-7b5a-a4bd-3c9997075a6d_terseLabel_en-US" xlink:label="lab_lyg_A4.5DatedSubordinatedNotes2024Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.5% Dated Subordinated Notes 2024 ($1,000 million)</link:label>
    <link:label id="lab_lyg_A4.5DatedSubordinatedNotes2024Member_label_en-US" xlink:label="lab_lyg_A4.5DatedSubordinatedNotes2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.5% Dated Subordinated Notes 2024 [Member]</link:label>
    <link:label id="lab_lyg_A4.5DatedSubordinatedNotes2024Member_documentation_en-US" xlink:label="lab_lyg_A4.5DatedSubordinatedNotes2024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.5% Dated Subordinated Notes 2024</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A4.5DatedSubordinatedNotes2024Member" xlink:href="lyg-20251231.xsd#lyg_A4.5DatedSubordinatedNotes2024Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A4.5DatedSubordinatedNotes2024Member" xlink:to="lab_lyg_A4.5DatedSubordinatedNotes2024Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_019c5283-d974-72ae-9b13-52be659d54c3_periodStartLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of options outstanding, start of period (GBP per option)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_019c5283-d974-76b5-b068-2c075e7cb8cb_periodEndLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of options outstanding, end of period (GBP per option)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NumberOfOperatingSegments1_019c5283-d974-7b53-ac57-fa536ccecfce_terseLabel_en-US" xlink:label="lab_lyg_NumberOfOperatingSegments1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of operating segments</link:label>
    <link:label id="lab_lyg_NumberOfOperatingSegments1_label_en-US" xlink:label="lab_lyg_NumberOfOperatingSegments1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Operating Segments1</link:label>
    <link:label id="lab_lyg_NumberOfOperatingSegments1_documentation_en-US" xlink:label="lab_lyg_NumberOfOperatingSegments1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Operating Segments1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfOperatingSegments1" xlink:href="lyg-20251231.xsd#lyg_NumberOfOperatingSegments1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfOperatingSegments1" xlink:to="lab_lyg_NumberOfOperatingSegments1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory_019c5283-d8e9-71ec-9ee2-79e3a1e613f2_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Retirement Benefits - Recognised in Balance Sheet, Pension Expense and Composition of Scheme Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of claims and benefits paid [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory" xlink:to="lab_ifrs-full_DisclosureOfClaimsAndBenefitsPaidExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019c5283-da11-70f2-a210-515b1c5adc8f_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_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption_019c5283-da98-7c92-91a6-2d2cccbba98f_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in income statement charge due to reasonably possible decrease in actuarial assumption</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Income Statement Charge Due To Reasonably Possible Decrease In Actuarial Assumption</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Income Statement Charge Due To Reasonably Possible Decrease In Actuarial Assumption</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleDecreaseInActuarialAssumption"/>
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    <link:label id="lab_lyg_HPI10ppDecreaseMember_019c5283-da98-7c7f-b0d4-b2279a2c6c57_terseLabel_en-US" xlink:label="lab_lyg_HPI10ppDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10pp decrease in HPI &#163;m</link:label>
    <link:label id="lab_lyg_HPI10ppDecreaseMember_label_en-US" xlink:label="lab_lyg_HPI10ppDecreaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HP I10pp Decrease [Member]</link:label>
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    <link:label id="lab_lyg_Stage2AndStage3Member_019c5283-d865-7355-8bd6-14b3b3ff764f_terseLabel_en-US" xlink:label="lab_lyg_Stage2AndStage3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 2 and stage 3</link:label>
    <link:label id="lab_lyg_Stage2AndStage3Member_label_en-US" xlink:label="lab_lyg_Stage2AndStage3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 2 And Stage 3 [Member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Stage2AndStage3Member" xlink:to="lab_lyg_Stage2AndStage3Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRateAdjusted_019c5283-d865-76cd-8b60-3a0d3f96fb8e_verboseLabel_en-US" xlink:label="lab_lyg_KeyAssumptionOfInterestRateAdjusted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">UK Bank Rate - adjusted</link:label>
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    <link:label id="lab_lyg_DisclosureOfOtherProvisionsExplanatory1TableTextBlock_019c5283-d8e9-7c52-8bf7-e1bfe446d9a4_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOtherProvisionsExplanatory1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Assumptions for Other Provisions</link:label>
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    <link:label id="lab_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets_019c5283-da11-799d-bc90-a657ab2748ce_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" 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_CurrentPrepaymentsAndOtherCurrentAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current prepayments and other current assets</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="lab_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems_019c5283-d7c1-77cd-9770-10ebf7e3d832_terseLabel_en-US" xlink:label="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER RESERVES (Details) - Schedule of Merger Reserve [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems_label_en-US" xlink:label="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER RESERVES (Details) - Schedule of Merger Reserve [Line Items]</link:label>
    <link:label id="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems_documentation_en-US" xlink:label="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OTHER RESERVES (Details) - Schedule of Merger Reserve [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems" xlink:href="lyg-20251231.xsd#lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems" xlink:to="lab_lyg_OTHERRESERVESDetailsScheduleOfMergerReserveLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems_019c5283-d974-7c75-808d-aef64df04032_terseLabel_en-US" xlink:label="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Line Items]</link:label>
    <link:label id="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems_label_en-US" xlink:label="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems" xlink:href="lyg-20251231.xsd#lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems" xlink:to="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProbabilityOfDefaultWeightage_019c5283-d8e9-7ce3-a3f7-c62711ac5d4e_terseLabel_en-US" xlink:label="lab_lyg_ProbabilityOfDefaultWeightage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weight of scenario (in percent)</link:label>
    <link:label id="lab_lyg_ProbabilityOfDefaultWeightage_label_en-US" xlink:label="lab_lyg_ProbabilityOfDefaultWeightage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Probability Of Default Weightage</link:label>
    <link:label id="lab_lyg_ProbabilityOfDefaultWeightage_documentation_en-US" xlink:label="lab_lyg_ProbabilityOfDefaultWeightage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Probability Of Default Weightage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProbabilityOfDefaultWeightage" xlink:href="lyg-20251231.xsd#lyg_ProbabilityOfDefaultWeightage"/>
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    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems_019c5283-d8e9-764b-b223-ae8de43f4e32_terseLabel_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Schedule of Loan Balances Outstanding [Line Items]</link:label>
    <link:label id="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems_label_en-US" xlink:label="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RELATED PARTY TRANSACTIONS (Details) - Schedule of Loan Balances Outstanding [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems" xlink:href="lyg-20251231.xsd#lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems" xlink:to="lab_lyg_RELATEDPARTYTRANSACTIONSDetailsScheduleofLoanBalancesOutstandingLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupLineItems_019c5283-d865-7aa2-aabd-7a35b5d2a6bd_terseLabel_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items]</link:label>
    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupLineItems_label_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupLineItems" xlink:href="lyg-20251231.xsd#lyg_OPERATINGEXPENSESDetailsScheduleofAverageNumberofPersonsEmployedbytheGroupLineItems"/>
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    <link:label id="lab_ifrs-full_CashFlowHedgesMember_019c5283-da11-78e9-9242-3b3416fca7b7_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>
    <link:label id="lab_ifrs-full_CashFlowHedgesMember_label_en-US" xlink:label="lab_ifrs-full_CashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flow hedges [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowHedgesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowHedgesMember"/>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_019c5283-d865-7fff-aeb3-dc661f5ea00e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" 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_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_019c5283-d865-7a96-8c65-afeaf0e9539c_netLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" 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</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_019c5283-d7c1-7ebd-9146-9c48557b7931_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>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidTable_019c5283-da11-7dfd-8cd7-b046fa0ab111_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofMaturityAnalysisofBenefitsExpectedToBePaidTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Table]</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxAssets_019c5283-d865-79d6-8769-3b7dbbf90cf8_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_019c5283-d865-79f4-b3b8-af2c09b7aca9_periodStartLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets, at 1 January</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_019c5283-d865-7799-aa13-fe2be2f86289_periodEndLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets, at 31 December</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"/>
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    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_019c5283-d7c1-76a4-9e30-3ca26669792a_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_019c5283-d975-76b3-96e8-c7227ab67b4a_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>
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    <link:label id="lab_lyg_A6413NonCumulativeFixedToFloatingRatePreferenceSharesCallable2035Member_019c5283-d7c1-7eed-9c26-88eb46bc8aeb_verboseLabel_en-US" xlink:label="lab_lyg_A6413NonCumulativeFixedToFloatingRatePreferenceSharesCallable2035Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">6.413% Non-cumulative Fixed/Floating Rate Callable Preference shares of USD0.25</link:label>
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    <link:label id="lab_lyg_A6413NonCumulativeFixedToFloatingRatePreferenceSharesCallable2035Member_documentation_en-US" xlink:label="lab_lyg_A6413NonCumulativeFixedToFloatingRatePreferenceSharesCallable2035Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.413% Non-Cumulative Fixed To Floating Rate Preference Shares Callable 2035</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6413NonCumulativeFixedToFloatingRatePreferenceSharesCallable2035Member" xlink:href="lyg-20251231.xsd#lyg_A6413NonCumulativeFixedToFloatingRatePreferenceSharesCallable2035Member"/>
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    <link:label id="lab_lyg_A15000000005.462SeniorCallableFixedToFixedRateNotesDue2028Member_019c5283-d865-7d27-a515-d65471f1b131_terseLabel_en-US" xlink:label="lab_lyg_A15000000005.462SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.462% Senior Callable Fixed-to-Fixed Rate Notes due 2028</link:label>
    <link:label id="lab_lyg_A15000000005.462SeniorCallableFixedToFixedRateNotesDue2028Member_label_en-US" xlink:label="lab_lyg_A15000000005.462SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.462% Senior Callable Fixed-to-Fixed Rate Notes due 2028 [Member]</link:label>
    <link:label id="lab_lyg_A15000000005.462SeniorCallableFixedToFixedRateNotesDue2028Member_documentation_en-US" xlink:label="lab_lyg_A15000000005.462SeniorCallableFixedToFixedRateNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,500,000,000 5.462% Senior Callable Fixed-to-Fixed Rate Notes due 2028</link:label>
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    <link:label id="lab_dei_DocumentAccountingStandard_019c5283-da11-7126-9c0b-c2d215f3f709_terseLabel_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document accounting standard</link:label>
    <link:label id="lab_dei_DocumentAccountingStandard_label_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAccountingStandard" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAccountingStandard" xlink:to="lab_dei_DocumentAccountingStandard" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member_019c5283-d7c1-728d-add9-36fd22d6904a_terseLabel_en-US" xlink:label="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EUR denominated senior unsecured floating rate note maturing 2030</link:label>
    <link:label id="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member_label_en-US" xlink:label="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EUR denominated Senior Unsecured Floating Rate Note Maturing 2030 [Member]</link:label>
    <link:label id="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member_documentation_en-US" xlink:label="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EUR denominated Senior Unsecured Floating Rate Note Maturing 2030</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:href="lyg-20251231.xsd#lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:to="lab_lyg_EURDenominatedSeniorUnsecuredFloatingRateNoteMaturing2030Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember_019c5283-da98-7cab-a951-6613538db481_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">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"/>
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    <link:label id="lab_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable_019c5283-d8e9-7414-85c6-3ad3dbe7798d_terseLabel_en-US" xlink:label="lab_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TAX EXPENSE (Details) - Schedule of Tax Charges [Table]</link:label>
    <link:label id="lab_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable_label_en-US" xlink:label="lab_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TAX EXPENSE (Details) - Schedule of Tax Charges [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable" xlink:href="lyg-20251231.xsd#lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable" xlink:to="lab_lyg_TAXEXPENSEDetailsScheduleofTaxChargesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LendingCommitmentsMember_019c5283-da11-7595-a153-7c2d141e2f0a_terseLabel_en-US" xlink:label="lab_lyg_LendingCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lending commitments and financial guarantees</link:label>
    <link:label id="lab_lyg_LendingCommitmentsMember_label_en-US" xlink:label="lab_lyg_LendingCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lending Commitments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LendingCommitmentsMember" xlink:href="lyg-20251231.xsd#lyg_LendingCommitmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LendingCommitmentsMember" xlink:to="lab_lyg_LendingCommitmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_019c5283-da11-7321-a4de-1ebd74a08f3c_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:to="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfInsuranceRevenueTable_019c5283-da11-79ae-88f6-40ca195fe86a_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_lyg_TransferToStage3Member_019c5283-d974-7028-83d1-53f918b6d492_terseLabel_en-US" xlink:label="lab_lyg_TransferToStage3Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers to Stage 3</link:label>
    <link:label id="lab_lyg_TransferToStage3Member_label_en-US" xlink:label="lab_lyg_TransferToStage3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer To Stage 3 [Member]</link:label>
    <link:label id="lab_lyg_TransferToStage3Member_documentation_en-US" xlink:label="lab_lyg_TransferToStage3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfer To Stage 3</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransferToStage3Member" xlink:href="lyg-20251231.xsd#lyg_TransferToStage3Member"/>
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    <link:label id="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_019c5283-da98-7586-923c-90ef91407b93_totalLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Debt instruments, percentage contributed to fair value of plan assets</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments, amount contributed to fair value of plan assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:to="lab_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DebitValuationAdjustmentMember_019c5283-d974-7c3d-ad1d-893458bbb64f_terseLabel_en-US" xlink:label="lab_lyg_DebitValuationAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debit Valuation Adjustment</link:label>
    <link:label id="lab_lyg_DebitValuationAdjustmentMember_label_en-US" xlink:label="lab_lyg_DebitValuationAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debit Valuation Adjustment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DebitValuationAdjustmentMember" xlink:href="lyg-20251231.xsd#lyg_DebitValuationAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DebitValuationAdjustmentMember" xlink:to="lab_lyg_DebitValuationAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DecreaseThroughDerecognitionFinancialAssets_019c5283-d865-7552-947f-250588c424bd_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughDerecognitionFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Disposals and derecognition</link:label>
    <link:label id="lab_ifrs-full_DecreaseThroughDerecognitionFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughDerecognitionFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease through derecognition, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughDerecognitionFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughDerecognitionFinancialAssets"/>
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    <link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_019c5283-da98-709a-b970-a28bbe9ff3fc_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial gains &#8211; financial assumptions</link:label>
    <link:label id="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" 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 actuarial gains (losses) arising from changes in financial assumptions</link:label>
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    <link:label id="lab_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel_019c5283-d974-7ad1-968f-721952b42979_terseLabel_en-US" xlink:label="lab_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advanced (includes loans to appointed key management personnel)</link:label>
    <link:label id="lab_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel_label_en-US" xlink:label="lab_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LoansAdvancedIncludingLoansOfAppointedManagementPersonnel</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel" xlink:href="lyg-20251231.xsd#lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel" xlink:to="lab_lyg_LoansAdvancedIncludingLoansOfAppointedManagementPersonnel" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NumberOfCoveredBondProgrammes_019c5283-d7c1-73a1-8152-54dac77bda04_terseLabel_en-US" xlink:label="lab_lyg_NumberOfCoveredBondProgrammes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of covered bond programmes</link:label>
    <link:label id="lab_lyg_NumberOfCoveredBondProgrammes_label_en-US" xlink:label="lab_lyg_NumberOfCoveredBondProgrammes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Covered Bond Programmes</link:label>
    <link:label id="lab_lyg_NumberOfCoveredBondProgrammes_documentation_en-US" xlink:label="lab_lyg_NumberOfCoveredBondProgrammes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Covered Bond Programmes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfCoveredBondProgrammes" xlink:href="lyg-20251231.xsd#lyg_NumberOfCoveredBondProgrammes"/>
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    <link:label id="lab_lyg_GainsLossesOnSaleOfNonCashFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019c5283-da11-7417-9ae2-6d8a589f4055_negatedTerseLabel_en-US" xlink:label="lab_lyg_GainsLossesOnSaleOfNonCashFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net gain on sale of financial assets at fair value through other comprehensive income</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainsLossesOnSaleOfNonCashFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="lyg-20251231.xsd#lyg_GainsLossesOnSaleOfNonCashFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GainsLossesOnSaleOfNonCashFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_lyg_GainsLossesOnSaleOfNonCashFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_019c5283-da11-7642-a5ca-f4d0b745f1cf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BuildingsMember_019c5283-da11-70fe-a183-e96ab8381698_terseLabel_en-US" xlink:label="lab_ifrs-full_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises</link:label>
    <link:label id="lab_ifrs-full_BuildingsMember_label_en-US" xlink:label="lab_ifrs-full_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BuildingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BuildingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BuildingsMember" xlink:to="lab_ifrs-full_BuildingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember_019c5283-da11-7dd1-8195-7ffb2f3eb8bb_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial assumption of expected rates of inflation</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of expected rates of inflation [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:to="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ExecutiveOptionPlanMember_019c5283-d974-7197-874a-8994ac5d8ebb_terseLabel_en-US" xlink:label="lab_lyg_ExecutiveOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Executive Option Plans</link:label>
    <link:label id="lab_lyg_ExecutiveOptionPlanMember_label_en-US" xlink:label="lab_lyg_ExecutiveOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Executive Option Plan [Member]</link:label>
    <link:label id="lab_lyg_ExecutiveOptionPlanMember_documentation_en-US" xlink:label="lab_lyg_ExecutiveOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Executive Option Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExecutiveOptionPlanMember" xlink:href="lyg-20251231.xsd#lyg_ExecutiveOptionPlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ExecutiveOptionPlanMember" xlink:to="lab_lyg_ExecutiveOptionPlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions_019c5283-d8e9-7ce6-bb8e-d8bbae00d69f_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of changes in interest rates and other financial assumptions</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through change in interest rates and other financial assumptions</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (decrease) through change in interest rates and other financial assumptions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions" xlink:to="lab_lyg_IncreaseDecreaseThroughChangeInInterestRatesAndOtherFinancialAssumptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_019c5283-da98-7f50-babc-d0bc7a4b1865_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_label_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock_019c5283-da11-7c48-97a8-981942e75bdd_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Movements in Deferred Tax Liabilities and Assets</link:label>
    <link:label id="lab_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Movement In Deferred Tax Assets And Liabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:to="lab_lyg_ScheduleOfMovementInDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities_019c5283-da11-7960-ba58-5b2a439c4f8e_terseLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period</link:label>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities" xlink:to="lab_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HedgeAndMutualFundsMember_019c5283-da12-7181-ae69-c3f285b21f5a_terseLabel_en-US" xlink:label="lab_lyg_HedgeAndMutualFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedge and mutual funds</link:label>
    <link:label id="lab_lyg_HedgeAndMutualFundsMember_label_en-US" xlink:label="lab_lyg_HedgeAndMutualFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedge And Mutual Funds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HedgeAndMutualFundsMember" xlink:href="lyg-20251231.xsd#lyg_HedgeAndMutualFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HedgeAndMutualFundsMember" xlink:to="lab_lyg_HedgeAndMutualFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherFinancialAssetsMember_019c5283-da11-7ae7-a79a-2841e565826d_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-20251231.xsd#lyg_OtherFinancialAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherFinancialAssetsMember" xlink:to="lab_lyg_OtherFinancialAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_ContactPersonnelFaxNumber_019c5283-d8e9-79cb-a62c-0aa54167bf35_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelFaxNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contact personnel fax number</link:label>
    <link:label id="lab_dei_ContactPersonnelFaxNumber_label_en-US" xlink:label="lab_dei_ContactPersonnelFaxNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contact Personnel Fax Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelFaxNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ContactPersonnelFaxNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelFaxNumber" xlink:to="lab_dei_ContactPersonnelFaxNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019c5283-d974-72ec-8395-d417798cf164_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" 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_DerivativeFinancialAssets_019c5283-d974-7327-a3e4-c528cf7071be_totalLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total derivative financial instruments</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019c5283-d974-722f-a995-c4c996afe576_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Derivative assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019c5283-d974-73f0-86b3-d600f203fff6_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative assets &#163;m</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019c5283-d974-77bb-9046-3a3f26914661_periodStartLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January, derivative assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019c5283-d974-73d7-91ab-80d1ae376ed5_periodEndLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December, derivative assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssets" xlink:to="lab_ifrs-full_DerivativeFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_019c5283-da98-79c3-9d49-efcdb244518b_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Profit attributable to ordinary shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_019c5283-da98-7f4b-9f02-4bf701a2ff6a_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Profit attributable to ordinary shareholders &#8211; basic and diluted</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PaidBetween10And15YearsMember_019c5283-d8e9-7843-b6a9-d3cc78efec03_terseLabel_en-US" xlink:label="lab_lyg_PaidBetween10And15YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 10 and 15 years</link:label>
    <link:label id="lab_lyg_PaidBetween10And15YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween10And15YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 10 And 15 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidBetween10And15YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidBetween10And15YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaidBetween10And15YearsMember" xlink:to="lab_lyg_PaidBetween10And15YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PaidBetween25And35YearsMember_019c5283-da98-7849-a5d1-7c3808580c98_terseLabel_en-US" xlink:label="lab_lyg_PaidBetween25And35YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 25 and 35 years</link:label>
    <link:label id="lab_lyg_PaidBetween25And35YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween25And35YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 25 And 35 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidBetween25And35YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidBetween25And35YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaidBetween25And35YearsMember" xlink:to="lab_lyg_PaidBetween25And35YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember_019c5283-d7c1-74e0-84e6-e1e80fef0f58_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial assumption of discount rates</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of discount rates [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfDiscountRatesMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory_019c5283-da12-7adb-bcac-424848922a82_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Hedged Items and Gains and Losses Arising from Hedge Accounting</link:label>
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    <link:label id="lab_ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue_label_en-US" xlink:label="lab_ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateral sold or repledged in absence of default by owner of collateral, at fair value</link:label>
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    <link:label id="lab_ifrs-full_CorporateDebtInstrumentsHeld_019c5283-d7c1-7489-963c-427e7d7e22d3_terseLabel_en-US" xlink:label="lab_ifrs-full_CorporateDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate and other debt securities</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CorporateDebtInstrumentsHeld" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CorporateDebtInstrumentsHeld"/>
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    <link:label id="lab_ifrs-full_GeographicalAreasAxis_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceGrossUpMember_019c5283-d974-7683-8502-5ae5efa6f6db_terseLabel_en-US" xlink:label="lab_lyg_InsuranceGrossUpMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance gross up</link:label>
    <link:label id="lab_lyg_InsuranceGrossUpMember_label_en-US" xlink:label="lab_lyg_InsuranceGrossUpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Gross Up [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InsuranceGrossUpMember" xlink:href="lyg-20251231.xsd#lyg_InsuranceGrossUpMember"/>
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    <link:label id="lab_lyg_TotalFinancialAssetsCarriedAtFairValueExcludingDerivatives_label_en-US" xlink:label="lab_lyg_TotalFinancialAssetsCarriedAtFairValueExcludingDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TotalFinancialAssetsCarriedAtFairValueExcludingDerivatives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalFinancialAssetsCarriedAtFairValueExcludingDerivatives" xlink:href="lyg-20251231.xsd#lyg_TotalFinancialAssetsCarriedAtFairValueExcludingDerivatives"/>
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    <link:label id="lab_lyg_BalanceSheetMaturityLegalBasisMember_019c5283-d865-75ff-a25e-8e6f4d5cc53d_terseLabel_en-US" xlink:label="lab_lyg_BalanceSheetMaturityLegalBasisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance sheet maturity - legal basis</link:label>
    <link:label id="lab_lyg_BalanceSheetMaturityLegalBasisMember_label_en-US" xlink:label="lab_lyg_BalanceSheetMaturityLegalBasisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Maturity Legal Basis [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BalanceSheetMaturityLegalBasisMember" xlink:href="lyg-20251231.xsd#lyg_BalanceSheetMaturityLegalBasisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_BalanceSheetMaturityLegalBasisMember" xlink:to="lab_lyg_BalanceSheetMaturityLegalBasisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25CentsEachMember_019c5283-da98-7eaf-92d4-799e112211ec_terseLabel_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25CentsEachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preference shares, nominal value 25 cents each</link:label>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25CentsEachMember_label_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25CentsEachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference Shares, Nominal Value 25 Cents Each [Member]</link:label>
    <link:label id="lab_lyg_PreferenceSharesNominalValue25CentsEachMember_documentation_en-US" xlink:label="lab_lyg_PreferenceSharesNominalValue25CentsEachMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preference Shares, Nominal Value 25 Cents Each</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PreferenceSharesNominalValue25CentsEachMember" xlink:href="lyg-20251231.xsd#lyg_PreferenceSharesNominalValue25CentsEachMember"/>
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    <link:label id="lab_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders_019c5283-da98-7bc2-a64f-530e5f9a0f4e_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 (loss) 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:loc xlink:type="locator" xlink:label="loc_lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:href="lyg-20251231.xsd#lyg_ComprehensiveIncomeAttributableToOrdinaryShareholders"/>
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    <link:label id="lab_lyg_ScottishWidowsMember_019c5283-d974-72c8-8f5f-fa7de8decd13_terseLabel_en-US" xlink:label="lab_lyg_ScottishWidowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scottish Widows</link:label>
    <link:label id="lab_lyg_ScottishWidowsMember_label_en-US" xlink:label="lab_lyg_ScottishWidowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scottish Widows [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScottishWidowsMember" xlink:href="lyg-20251231.xsd#lyg_ScottishWidowsMember"/>
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    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_019c5283-d8e9-74a9-a71a-31c1557e8a2c_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_019c5283-d8e9-712b-bcbf-51c0ed14f52f_verboseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
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    <link:label id="lab_lyg_RPIMember_019c5283-d974-753e-8fdf-d23da60e6695_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:loc xlink:type="locator" xlink:label="loc_lyg_RPIMember" xlink:href="lyg-20251231.xsd#lyg_RPIMember"/>
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    <link:label id="lab_lyg_ResidentialMortgageBackedSecurities1Member_019c5283-d865-7c63-9811-55533dffcba1_terseLabel_en-US" xlink:label="lab_lyg_ResidentialMortgageBackedSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential Mortgage Backed Securities1</link:label>
    <link:label id="lab_lyg_ResidentialMortgageBackedSecurities1Member_label_en-US" xlink:label="lab_lyg_ResidentialMortgageBackedSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Mortgage Backed Securities1 [Member]</link:label>
    <link:label id="lab_lyg_ResidentialMortgageBackedSecurities1Member_documentation_en-US" xlink:label="lab_lyg_ResidentialMortgageBackedSecurities1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Residential Mortgage Backed Securities1</link:label>
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    <link:label id="lab_lyg_A6.375ConvertibleSecuritiesCallable2020Member_019c5283-da11-72d8-9467-b9b2215b58f0_terseLabel_en-US" xlink:label="lab_lyg_A6.375ConvertibleSecuritiesCallable2020Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">&#8364;750 million 6.375% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2020</link:label>
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    <link:label id="lab_lyg_A6.375ConvertibleSecuritiesCallable2020Member_documentation_en-US" xlink:label="lab_lyg_A6.375ConvertibleSecuritiesCallable2020Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.375% Convertible Securities Callable 2020</link:label>
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    <link:label id="lab_lyg_ExchangeRateDomain_019c5283-d8e9-72b3-917f-0d4bfc1a8b9f_terseLabel_en-US" xlink:label="lab_lyg_ExchangeRateDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange rate [Domain]</link:label>
    <link:label id="lab_lyg_ExchangeRateDomain_label_en-US" xlink:label="lab_lyg_ExchangeRateDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ExchangeRate [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ExchangeRateDomain" xlink:href="lyg-20251231.xsd#lyg_ExchangeRateDomain"/>
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    <link:label id="lab_ifrs-full_SegmentsDomain_019c5283-da11-7f5a-9ef5-05043eab1083_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"/>
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    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019c5283-d7c1-76f0-864c-1776ce752524_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 year</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019c5283-d7c1-7223-9aee-1dbc14bc6c86_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 year</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019c5283-d7c1-7cf4-aa23-2fd944686332_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019c5283-d7c1-7057-ae06-00f54544f5cd_totalLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total cash and cash equivalents</link:label>
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    <link:label id="lab_lyg_ElectricVehiclesMember_019c5283-d7c1-7ba3-a116-4d9201b36d71_terseLabel_en-US" xlink:label="lab_lyg_ElectricVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Electric vehicles</link:label>
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    <link:label id="lab_ifrs-full_FinancialInstrumentsCreditimpairedAfterPurchaseOrOriginationMember_019c5283-d8e9-7793-92ca-ab02d5b6888e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialInstrumentsCreditimpairedAfterPurchaseOrOriginationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 3 &#163;m</link:label>
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    <link:label id="lab_lyg_UnconsolidatedMember_019c5283-da11-7fa7-946f-3660fc3112c7_terseLabel_en-US" xlink:label="lab_lyg_UnconsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unconsolidated</link:label>
    <link:label id="lab_lyg_UnconsolidatedMember_label_en-US" xlink:label="lab_lyg_UnconsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unconsolidated [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnconsolidatedMember" xlink:href="lyg-20251231.xsd#lyg_UnconsolidatedMember"/>
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    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_019c5283-d865-7b91-961f-dc9cb8faeed8_negatedLabel_en-US" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" 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-20251231.xsd#lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
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    <link:label id="lab_lyg_DividendTypeAxis_019c5283-d7c1-7580-a692-4996a1efe86a_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>
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    <link:label id="lab_lyg_ForeignTaxMember_019c5283-da11-7a3e-8f5b-9557a13a1a52_terseLabel_en-US" xlink:label="lab_lyg_ForeignTaxMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign tax:</link:label>
    <link:label id="lab_lyg_ForeignTaxMember_label_en-US" xlink:label="lab_lyg_ForeignTaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Tax [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ForeignTaxMember" xlink:href="lyg-20251231.xsd#lyg_ForeignTaxMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ForeignTaxMember" xlink:to="lab_lyg_ForeignTaxMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdministrationCostsNotReflectedInReturnOnPlanAssetsDefinedBenefitPlans_019c5283-d7c1-7901-a2cd-d3663e0918b0_verboseLabel_en-US" xlink:label="lab_ifrs-full_AdministrationCostsNotReflectedInReturnOnPlanAssetsDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Plan administration costs incurred during the year</link:label>
    <link:label id="lab_ifrs-full_AdministrationCostsNotReflectedInReturnOnPlanAssetsDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_AdministrationCostsNotReflectedInReturnOnPlanAssetsDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Administration costs not reflected in return on plan assets, defined benefit plans</link:label>
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    <link:label id="lab_srt_ProductsAndServicesDomain_019c5283-d974-7848-a59a-795d052f24dd_terseLabel_en-US" xlink:label="lab_srt_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Product and Service [Domain]</link:label>
    <link:label id="lab_srt_ProductsAndServicesDomain_label_en-US" xlink:label="lab_srt_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Product and Service [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ProductsAndServicesDomain"/>
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    <link:label id="lab_ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations_019c5283-d8e9-78ad-80ef-520f27eee769_terseLabel_en-US" xlink:label="lab_ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transaction price allocated to remaining performance obligations</link:label>
    <link:label id="lab_ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations_label_en-US" xlink:label="lab_ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transaction price allocated to remaining performance obligations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations"/>
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    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupTable_019c5283-d974-7a73-8a2e-4220c386a836_terseLabel_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Group [Table]</link:label>
    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupTable_label_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Group [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupTable" xlink:href="lyg-20251231.xsd#lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbytheGroupTable"/>
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    <link:label id="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_019c5283-da11-7ced-a919-12bdccd8896f_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>
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    <link:label id="lab_ifrs-full_ProbabilityOfDefaultDomain_019c5283-da11-7dc0-af27-319dba9d5117_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"/>
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    <link:label id="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionTable_019c5283-da11-7540-8694-083d2cce1981_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of attribution of expenses by nature to their function [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of attribution of expenses by nature to their function [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAttributionOfExpensesByNatureToTheirFunctionTable"/>
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    <link:label id="lab_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities_019c5283-d974-72a4-9df2-3901426aafce_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturities of Liabilities</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities"/>
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    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation_019c5283-da11-7c7d-923a-96a6f792dbe1_verboseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Price Index (in percent)</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation_019c5283-da11-7f82-a563-cab3ec3b256c_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">Inflation (in percent)</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>
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    <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>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_019c5283-d975-7638-8ae8-bc7b3d0ea4f8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Number of options, expired (in options)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options expired in share-based payment arrangement</link:label>
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    <link:label id="lab_lyg_LoansAbstract_label_en-US" xlink:label="lab_lyg_LoansAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans [Abstract]</link:label>
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    <link:label id="lab_lyg_DisclosureOfMovementsInLevel3PortfolioTableTextBlock_019c5283-d974-7e55-8745-91383792d91e_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfMovementsInLevel3PortfolioTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Movements in Level 3 - Portfolio, Financial Liabilities, Derivative Assets and Liabilities</link:label>
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    <link:label id="lab_lyg_AccumulatedImpairmentOfDrawnBalancesMember_019c5283-d7c1-7aab-87b7-4421f47b42b1_terseLabel_en-US" xlink:label="lab_lyg_AccumulatedImpairmentOfDrawnBalancesMember" 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_lyg_AccumulatedImpairmentOfDrawnBalancesMember_label_en-US" xlink:label="lab_lyg_AccumulatedImpairmentOfDrawnBalancesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Impairment of Drawn Balances [Member]</link:label>
    <link:label id="lab_lyg_AccumulatedImpairmentOfDrawnBalancesMember_documentation_en-US" xlink:label="lab_lyg_AccumulatedImpairmentOfDrawnBalancesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Impairment of Drawn Balances</link:label>
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    <link:label id="lab_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract_019c5283-d974-7a94-b8d4-0324385e902c_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">PostRetirementDefinedBenefitSchemeRemeasurements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract" xlink:href="lyg-20251231.xsd#lyg_PostRetirementDefinedBenefitSchemeRemeasurementsAbstract"/>
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    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_019c5283-da11-77e7-bb40-30cc87f31fe4_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Over 5 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_019c5283-da11-70e3-bf2f-3b666f4e372b_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Over 5 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFiveYearsMember"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_019c5283-d8e9-76e9-836b-7522c02d3b60_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>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsDomain"/>
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    <link:label id="lab_ifrs-full_CurrentAdvances_019c5283-d865-790d-bc04-c9b7998d6d81_negatedLabel_en-US" xlink:label="lab_ifrs-full_CurrentAdvances" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Rentals received in advance</link:label>
    <link:label id="lab_ifrs-full_CurrentAdvances_label_en-US" xlink:label="lab_ifrs-full_CurrentAdvances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current advances received, representing current contract liabilities for performance obligations satisfied at point in time</link:label>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofChangeinFairValueofSchemeAssetsLineItems_019c5283-da12-77d6-a69a-ae1ce1d318c7_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofChangeinFairValueofSchemeAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Change in Fair Value of Scheme Assets [Line Items]</link:label>
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    <link:label id="lab_lyg_PaidBetween1And2YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween1And2YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 1 And 2 Years [Member]</link:label>
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    <link:label id="lab_dei_AuditorName_label_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorName"/>
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    <link:label id="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019c5283-d974-7824-8fec-9ed2c9c5bd53_negatedTerseLabel_en-US" xlink:label="lab_lyg_ReclassificationAdjustmentsOnDisposalOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income statement transfers in respect of disposals</link:label>
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    <link:label id="lab_lyg_CommercialPaper1Member_019c5283-da11-7244-9225-2e81455d991a_terseLabel_en-US" xlink:label="lab_lyg_CommercialPaper1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial paper</link:label>
    <link:label id="lab_lyg_CommercialPaper1Member_label_en-US" xlink:label="lab_lyg_CommercialPaper1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Paper1 [Member]</link:label>
    <link:label id="lab_lyg_CommercialPaper1Member_documentation_en-US" xlink:label="lab_lyg_CommercialPaper1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commercial Paper1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialPaper1Member" xlink:href="lyg-20251231.xsd#lyg_CommercialPaper1Member"/>
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    <link:label id="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableBalancesTable_019c5283-d865-752d-8325-0ba1d4512051_terseLabel_en-US" xlink:label="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableBalancesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Table]</link:label>
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    <link:label id="lab_lyg_MergerReserveAbstract_019c5283-da98-7488-b62f-4eb9a6380ff7_terseLabel_en-US" xlink:label="lab_lyg_MergerReserveAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeLineItems" xlink:href="lyg-20251231.xsd#lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeLineItems" xlink:to="lab_lyg_NETFEEANDCOMMISSIONINCOMEDetailsScheduleofFeeandCommissionIncomeLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherDepositsMember_019c5283-d8e9-7b5b-b257-50d951b17d95_terseLabel_en-US" xlink:label="lab_lyg_OtherDepositsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other deposits</link:label>
    <link:label id="lab_lyg_OtherDepositsMember_label_en-US" xlink:label="lab_lyg_OtherDepositsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Deposits [Member]</link:label>
    <link:label id="lab_lyg_OtherDepositsMember_documentation_en-US" xlink:label="lab_lyg_OtherDepositsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherDepositsMember" xlink:href="lyg-20251231.xsd#lyg_OtherDepositsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherDepositsMember" xlink:to="lab_lyg_OtherDepositsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FixturesAndFurnishingsMember_019c5283-da11-7bc9-8333-d25ddb8d5fde_terseLabel_en-US" xlink:label="lab_lyg_FixturesAndFurnishingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixtures and furnishings</link:label>
    <link:label id="lab_lyg_FixturesAndFurnishingsMember_label_en-US" xlink:label="lab_lyg_FixturesAndFurnishingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixtures And Furnishings [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FixturesAndFurnishingsMember" xlink:href="lyg-20251231.xsd#lyg_FixturesAndFurnishingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FixturesAndFurnishingsMember" xlink:to="lab_lyg_FixturesAndFurnishingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PropertyFundsMember_019c5283-d974-76f6-82d7-58eebecf0058_terseLabel_en-US" xlink:label="lab_lyg_PropertyFundsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property funds</link:label>
    <link:label id="lab_lyg_PropertyFundsMember_label_en-US" xlink:label="lab_lyg_PropertyFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Funds [Member]</link:label>
    <link:label id="lab_lyg_PropertyFundsMember_documentation_en-US" xlink:label="lab_lyg_PropertyFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Property Funds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PropertyFundsMember" xlink:href="lyg-20251231.xsd#lyg_PropertyFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PropertyFundsMember" xlink:to="lab_lyg_PropertyFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeTaxAuthority1Domain_019c5283-d8e9-7c6d-bf51-8de1c17852a9_terseLabel_en-US" xlink:label="lab_lyg_IncomeTaxAuthority1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</link:label>
    <link:label id="lab_lyg_IncomeTaxAuthority1Domain_label_en-US" xlink:label="lab_lyg_IncomeTaxAuthority1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority1 [Domain]</link:label>
    <link:label id="lab_lyg_IncomeTaxAuthority1Domain_documentation_en-US" xlink:label="lab_lyg_IncomeTaxAuthority1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeTaxAuthority1Domain" xlink:href="lyg-20251231.xsd#lyg_IncomeTaxAuthority1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeTaxAuthority1Domain" xlink:to="lab_lyg_IncomeTaxAuthority1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GoodwillMember_019c5283-d8e9-7ea9-b4ae-0f1fe26716de_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill &#163;m</link:label>
    <link:label id="lab_ifrs-full_GoodwillMember_label_en-US" xlink:label="lab_ifrs-full_GoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodwillMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodwillMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GoodwillMember" xlink:to="lab_ifrs-full_GoodwillMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_MarketExposureDomain_019c5283-d7c1-7bb2-b2b6-3cdff296295d_terseLabel_en-US" xlink:label="lab_lyg_MarketExposureDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market exposure [Domain]</link:label>
    <link:label id="lab_lyg_MarketExposureDomain_label_en-US" xlink:label="lab_lyg_MarketExposureDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market exposure [Domain]</link:label>
    <link:label id="lab_lyg_MarketExposureDomain_documentation_en-US" xlink:label="lab_lyg_MarketExposureDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market exposure [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MarketExposureDomain" xlink:href="lyg-20251231.xsd#lyg_MarketExposureDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MarketExposureDomain" xlink:to="lab_lyg_MarketExposureDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherEquityInterestMember_019c5283-d865-7eba-ac0b-e6b45dc9a78a_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 &#163;m</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_lyg_IMPAIRMENTDetailsScheduleOfImpairmentLineItems_019c5283-d974-7f0f-b988-04af13e51774_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:label id="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentLineItems_documentation_en-US" xlink:label="lab_lyg_IMPAIRMENTDetailsScheduleOfImpairmentLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" 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-20251231.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_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems_019c5283-d8e9-74e3-902c-c6e59e1567d8_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Oher Post-Retirement Benefits Obligation [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Oher Post-Retirement Benefits Obligation [Line Items]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems_documentation_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Oher Post-Retirement Benefits Obligation [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfMovementsInOherPostRetirementBenefitsObligationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfProgramAxis_019c5283-d8e9-71e1-9b13-73964b79a9fd_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-20251231.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_019c5283-d865-75ef-a031-f6a6ed5e8a80_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_lyg_DepositsFromBanksMember_019c5283-da11-7a38-8dec-1ee3b00211b8_terseLabel_en-US" xlink:label="lab_lyg_DepositsFromBanksMember" 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_lyg_DepositsFromBanksMember_label_en-US" xlink:label="lab_lyg_DepositsFromBanksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits From Banks [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DepositsFromBanksMember" xlink:href="lyg-20251231.xsd#lyg_DepositsFromBanksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DepositsFromBanksMember" xlink:to="lab_lyg_DepositsFromBanksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsAxis_019c5283-da98-7e21-8e0b-23c60198007c_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_lyg_CurrentYearQuarterTwoMember_019c5283-da98-7117-9687-7a5e90091ae1_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 2025 %</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-20251231.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_dei_DocumentFiscalYearFocus_019c5283-da98-75bd-9c86-2df88b069b10_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_TradingLiabilitiesAbstract_019c5283-d7c1-792f-8d6a-92a2cf55063f_terseLabel_en-US" xlink:label="lab_lyg_TradingLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading liabilities</link:label>
    <link:label id="lab_lyg_TradingLiabilitiesAbstract_label_en-US" xlink:label="lab_lyg_TradingLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Liabilities [Abstract]</link:label>
    <link:label id="lab_lyg_TradingLiabilitiesAbstract_documentation_en-US" xlink:label="lab_lyg_TradingLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trading Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TradingLiabilitiesAbstract" xlink:href="lyg-20251231.xsd#lyg_TradingLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TradingLiabilitiesAbstract" xlink:to="lab_lyg_TradingLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherComprehensiveIncomeLocation1Domain_019c5283-da11-7065-8ac8-8300b0511ba7_terseLabel_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income Location [Domain]</link:label>
    <link:label id="lab_lyg_OtherComprehensiveIncomeLocation1Domain_label_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income Location1 [Domain]</link:label>
    <link:label id="lab_lyg_OtherComprehensiveIncomeLocation1Domain_documentation_en-US" xlink:label="lab_lyg_OtherComprehensiveIncomeLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income Location1 [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherComprehensiveIncomeLocation1Domain" xlink:href="lyg-20251231.xsd#lyg_OtherComprehensiveIncomeLocation1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherComprehensiveIncomeLocation1Domain" xlink:to="lab_lyg_OtherComprehensiveIncomeLocation1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_019c5283-da11-7a46-a397-82b3fd9d1cbf_terseLabel_en-US" xlink:label="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares in entity held by entity or by its subsidiaries or associates (in shares)</link:label>
    <link:label id="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_label_en-US" xlink:label="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares in entity held by entity or by its subsidiaries or associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:to="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock_019c5283-d865-752f-ad8f-394099677693_terseLabel_en-US" xlink:label="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Insurance And Participating Investment Contract Liabilities Payable</link:label>
    <link:label id="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock_label_en-US" xlink:label="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insurance And Participating Investment Contract Liabilities Payable [Table Text Block]</link:label>
    <link:label id="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock_documentation_en-US" xlink:label="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Insurance And Participating Investment Contract Liabilities Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock" xlink:to="lab_lyg_ScheduleOfInsuranceAndParticipatingInvestmentContractLiabilitiesPayableTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LeaseReceivablesMember_019c5283-da11-73b6-9be1-7e2799db8486_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance lease receivables</link:label>
    <link:label id="lab_ifrs-full_LeaseReceivablesMember_label_en-US" xlink:label="lab_ifrs-full_LeaseReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseReceivablesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseReceivablesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseReceivablesMember" xlink:to="lab_ifrs-full_LeaseReceivablesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfRetirementAge2019_019c5283-d7c1-7565-898f-027e381232f4_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfRetirementAge2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial assumption of retirement age</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionOfRetirementAge2019_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfRetirementAge2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of retirement age</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ActuarialAssumptionOfRetirementAge2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfRetirementAge2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialAssumptionOfRetirementAge2019" xlink:to="lab_ifrs-full_ActuarialAssumptionOfRetirementAge2019" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PostalAndTelecommunicationsMember_019c5283-da98-7541-88c1-1808d1ef8ebc_terseLabel_en-US" xlink:label="lab_lyg_PostalAndTelecommunicationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Postal and telecommunications</link:label>
    <link:label id="lab_lyg_PostalAndTelecommunicationsMember_label_en-US" xlink:label="lab_lyg_PostalAndTelecommunicationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Postal And Telecommunications [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PostalAndTelecommunicationsMember" xlink:href="lyg-20251231.xsd#lyg_PostalAndTelecommunicationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PostalAndTelecommunicationsMember" xlink:to="lab_lyg_PostalAndTelecommunicationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock_019c5283-d8e9-7f93-890c-81637f974b8e_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Movement in Subordinated Liabilities and Dated Subordinated Liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfMovementInSubordinatedLiabilitiestextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfMovementInSubordinatedLiabilitiestextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesDomain_019c5283-d974-7bb1-967f-b3af236b39f3_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of interest rates [domain]</link:label>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of interest rates [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfInterestRatesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfInterestRatesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInterestRatesDomain" xlink:to="lab_ifrs-full_TypesOfInterestRatesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoanToValueRatioDomain_019c5283-da11-77c3-9be6-6beaf9fa5b08_terseLabel_en-US" xlink:label="lab_lyg_LoanToValueRatioDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan To Value Ratio [Domain]</link:label>
    <link:label id="lab_lyg_LoanToValueRatioDomain_label_en-US" xlink:label="lab_lyg_LoanToValueRatioDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan To Value Ratio [Domain]</link:label>
    <link:label id="lab_lyg_LoanToValueRatioDomain_documentation_en-US" xlink:label="lab_lyg_LoanToValueRatioDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan To Value Ratio [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoanToValueRatioDomain" xlink:href="lyg-20251231.xsd#lyg_LoanToValueRatioDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoanToValueRatioDomain" xlink:to="lab_lyg_LoanToValueRatioDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherMovementsInDefinedBenefitSchemes_019c5283-d865-7075-a12a-b2f6866f5f3f_terseLabel_en-US" xlink:label="lab_lyg_OtherMovementsInDefinedBenefitSchemes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net credit in respect of defined benefit schemes</link:label>
    <link:label id="lab_lyg_OtherMovementsInDefinedBenefitSchemes_label_en-US" xlink:label="lab_lyg_OtherMovementsInDefinedBenefitSchemes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Movements In Defined Benefit Schemes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherMovementsInDefinedBenefitSchemes" xlink:href="lyg-20251231.xsd#lyg_OtherMovementsInDefinedBenefitSchemes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherMovementsInDefinedBenefitSchemes" xlink:to="lab_lyg_OtherMovementsInDefinedBenefitSchemes" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfIncomeTaxAbstract_019c5283-d8e9-76b9-b8ff-f41b399a6a24_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfIncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfIncomeTaxAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfIncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfIncomeTaxAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfIncomeTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfIncomeTaxAbstract" xlink:to="lab_lyg_DisclosureOfIncomeTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PastServiceCostDefinedBenefitPlans_019c5283-d8e9-7a27-84f0-0e8cc4111da8_verboseLabel_en-US" xlink:label="lab_ifrs-full_PastServiceCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Past service cost &#8211; plan amendments</link:label>
    <link:label id="lab_ifrs-full_PastServiceCostDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_PastServiceCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past service cost, defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastServiceCostDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastServiceCostDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastServiceCostDefinedBenefitPlans" xlink:to="lab_ifrs-full_PastServiceCostDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UpsideMember_019c5283-da12-78a1-8c24-3c1f52816938_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-20251231.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_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems_019c5283-da98-77c5-ab9a-4597beb37abd_terseLabel_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Schedule of Movements in Deferred Tax Liabilities and Assets [Line Items]</link:label>
    <link:label id="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems_label_en-US" xlink:label="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DEFERRED TAX (Details) - Movements in deferred tax liabilities and assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems" xlink:href="lyg-20251231.xsd#lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems" xlink:to="lab_lyg_DEFERREDTAXDetailsMovementsindeferredtaxliabilitiesandassetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeExpenseFromUnitLinkedAndWithProfitContractsVariableFeeApproach_019c5283-d974-79e2-a260-2e8a87b2edd2_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-20251231.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_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock_019c5283-d974-7aed-81b5-7501ba08a6c4_terseLabel_en-US" xlink:label="lab_lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturities of Assets and Liabilities</link:label>
    <link:label id="lab_lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MaturityAnalysisForTotalAssetsAndTotalLiabilities [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock" xlink:to="lab_lyg_MaturityAnalysisForTotalAssetsAndTotalLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnDepositsFromBanks_019c5283-d8e9-784d-af1b-cd15c3e7ea54_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deposits from banks</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnDepositsFromBanks_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on deposits from banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnDepositsFromBanks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:to="lab_ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_019c5283-da11-708c-b9fd-e728caf14417_totalLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total compensation</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetFinanceExpenseIncomeFromInsuranceAndReinsuranceContractsHeld_019c5283-da11-7025-8f8c-2cb28849dbe0_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-20251231.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_lyg_EnergyPerformanceCertificateProfileCMember_019c5283-d975-72c9-9b51-2a2e59cb62e2_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">C &#163;m</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileCMember_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile C [Member]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileCMember_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile C</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileCMember" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyPerformanceCertificateProfileCMember" xlink:to="lab_lyg_EnergyPerformanceCertificateProfileCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis_019c5283-d865-75a7-9041-16058f84fac3_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">Disaggregation 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_RiskAdjustmentForNonfinancialRiskMember_019c5283-d8e9-799b-9c3f-852fab30398d_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 for non- financial risk &#163;m</link:label>
    <link:label id="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember_019c5283-d8e9-7958-bdc0-5d68271524fb_verboseLabel_en-US" xlink:label="lab_ifrs-full_RiskAdjustmentForNonfinancialRiskMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Risk adjustment for non-financial risk</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_AdjustmentsForDecreaseIncreaseInOtherAssets_019c5283-d7c1-7054-9c8f-b2908a266f43_verboseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Change in other operating assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in other assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_019c5283-da11-7df3-bef3-811454cf7f54_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DefinedBenefitPensionSchemesMember_019c5283-d974-7c7c-bc0f-d5bce4ce7873_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-20251231.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_lyg_OtherVentureCapitalMember_019c5283-d7c1-7812-90de-ce85dcfbcfb3_terseLabel_en-US" xlink:label="lab_lyg_OtherVentureCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Venture capital</link:label>
    <link:label id="lab_lyg_OtherVentureCapitalMember_label_en-US" xlink:label="lab_lyg_OtherVentureCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other - Venture Capital [Member]</link:label>
    <link:label id="lab_lyg_OtherVentureCapitalMember_documentation_en-US" xlink:label="lab_lyg_OtherVentureCapitalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other - Venture Capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherVentureCapitalMember" xlink:href="lyg-20251231.xsd#lyg_OtherVentureCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherVentureCapitalMember" xlink:to="lab_lyg_OtherVentureCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CardsMember_019c5283-d8e9-763e-a199-440a370c4182_terseLabel_en-US" xlink:label="lab_lyg_CardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cards</link:label>
    <link:label id="lab_lyg_CardsMember_label_en-US" xlink:label="lab_lyg_CardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cards [Member]</link:label>
    <link:label id="lab_lyg_CardsMember_documentation_en-US" xlink:label="lab_lyg_CardsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CardsMember" xlink:href="lyg-20251231.xsd#lyg_CardsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CardsMember" xlink:to="lab_lyg_CardsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock_019c5283-d865-7718-8752-8463366e74a8_terseLabel_en-US" xlink:label="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidation</link:label>
    <link:label id="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock_label_en-US" xlink:label="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DescriptionOfAccountingPolicyForConsolidationExplanatory [Text Block]</link:label>
    <link:label id="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock_documentation_en-US" xlink:label="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for consolidation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock" xlink:href="lyg-20251231.xsd#lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock" xlink:to="lab_lyg_DescriptionOfAccountingPolicyForConsolidationExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember_019c5283-da11-7fae-840f-90e7c7724414_terseLabel_en-US" xlink:label="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collective investment vehicles and limited partnerships</link:label>
    <link:label id="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember_label_en-US" xlink:label="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collective Investment Vehicles And Limited Partnerships [Member]</link:label>
    <link:label id="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember_documentation_en-US" xlink:label="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Collective Investment Vehicles And Limited Partnerships</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember" xlink:href="lyg-20251231.xsd#lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember" xlink:to="lab_lyg_CollectiveInvestmentVehiclesAndLimitedPartnershipsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_019c5283-d974-730e-8ed1-70e5d6226eb5_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local phone number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss_019c5283-d865-7517-b654-d4aff925dab2_totalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" 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_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable_019c5283-da12-71a2-b67f-2d6756ebb21c_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Table]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable" xlink:href="lyg-20251231.xsd#lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable" xlink:to="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofSharesundertheExecutiveShareOwnershipPlanTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract_019c5283-d974-731d-bfdb-997d7a9e96f2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_StockBorrowedMember_019c5283-da98-7a62-a47a-a00dbfa5ddf1_terseLabel_en-US" xlink:label="lab_lyg_StockBorrowedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock borrowed</link:label>
    <link:label id="lab_lyg_StockBorrowedMember_label_en-US" xlink:label="lab_lyg_StockBorrowedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Borrowed [Member]</link:label>
    <link:label id="lab_lyg_StockBorrowedMember_documentation_en-US" xlink:label="lab_lyg_StockBorrowedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Borrowed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_StockBorrowedMember" xlink:href="lyg-20251231.xsd#lyg_StockBorrowedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_StockBorrowedMember" xlink:to="lab_lyg_StockBorrowedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LegalAndRegulatoryExpense_019c5283-da11-7ae9-97c6-6a63945794b7_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 28)</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-20251231.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_InvestmentTypeDomain_019c5283-d865-7faa-b915-6f2308e0aaf9_terseLabel_en-US" xlink:label="lab_lyg_InvestmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment type [Domain]</link:label>
    <link:label id="lab_lyg_InvestmentTypeDomain_label_en-US" xlink:label="lab_lyg_InvestmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Type [Domain]</link:label>
    <link:label id="lab_lyg_InvestmentTypeDomain_documentation_en-US" xlink:label="lab_lyg_InvestmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InvestmentTypeDomain" xlink:href="lyg-20251231.xsd#lyg_InvestmentTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InvestmentTypeDomain" xlink:to="lab_lyg_InvestmentTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019c5283-d865-7b43-ba70-fd67dfe66849_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Financial assets available-for-sale</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" 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</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinessesTableTextBlock_019c5283-da11-784f-a83a-74fc48730a91_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinessesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Acquisition of Group Undertakings and Businesses</link:label>
    <link:label id="lab_lyg_DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinessesTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinessesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinesses [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinessesTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfAcquisitionsOfGroupUndertakingsAndBusinessesTableTextBlock"/>
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    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock_019c5283-da11-7454-a65b-905b3a553738_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information about Significant Increase in Credit Risk</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Significant Increase In Credit Risk Explanatory [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Significant Increase In Credit Risk Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock" xlink:to="lab_lyg_DisclosureOfDetailedInformationAboutSignificantIncreaseInCreditRiskExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member_019c5283-d8e9-7d29-94cf-8b70e2d9a05e_terseLabel_en-US" xlink:label="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.65% Subordinated Securities due 2026</link:label>
    <link:label id="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member_label_en-US" xlink:label="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.65% Subordinated Securities due 2026 [Member]</link:label>
    <link:label id="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member_documentation_en-US" xlink:label="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,500,000,000 4.65% Subordinated Securities due 2026</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member" xlink:href="lyg-20251231.xsd#lyg_A15000000004.65SubordinatedSecuritiesDue2026Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member" xlink:to="lab_lyg_A15000000004.65SubordinatedSecuritiesDue2026Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements_019c5283-da98-77a1-9304-7905fb24a60f_terseLabel_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in deposits from banks</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements_label_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Deposits From Banks And Repurchase Agreements</link:label>
    <link:label id="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements_documentation_en-US" xlink:label="lab_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) In Deposits From Banks And Repurchase Agreements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements" xlink:href="lyg-20251231.xsd#lyg_AdjustmentsForIncreaseDecreaseInDepositsFromBanksAndRepurchaseAgreements"/>
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    <link:label id="lab_ifrs-full_CashTransferred_019c5283-d865-786e-87f4-218a21551df0_terseLabel_en-US" xlink:label="lab_ifrs-full_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash transferred</link:label>
    <link:label id="lab_ifrs-full_CashTransferred_label_en-US" xlink:label="lab_ifrs-full_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash transferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashTransferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashTransferred" xlink:to="lab_ifrs-full_CashTransferred" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PaidBetween5And10YearsMember_019c5283-da11-7703-ad60-4163f65286ef_terseLabel_en-US" xlink:label="lab_lyg_PaidBetween5And10YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 5 and 10 years</link:label>
    <link:label id="lab_lyg_PaidBetween5And10YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween5And10YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 5 And 10 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidBetween5And10YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidBetween5And10YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaidBetween5And10YearsMember" xlink:to="lab_lyg_PaidBetween5And10YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SecuritiesLendingMember_019c5283-d8e9-7387-89a5-2a786029dc1a_terseLabel_en-US" xlink:label="lab_ifrs-full_SecuritiesLendingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities lending</link:label>
    <link:label id="lab_ifrs-full_SecuritiesLendingMember_label_en-US" xlink:label="lab_ifrs-full_SecuritiesLendingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities lending [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SecuritiesLendingMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SecuritiesLendingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SecuritiesLendingMember" xlink:to="lab_ifrs-full_SecuritiesLendingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityVoluntaryFilers_019c5283-da12-75e9-8283-c47d22038808_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity voluntary filers</link:label>
    <link:label id="lab_dei_EntityVoluntaryFilers_label_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks_019c5283-d8e9-7f89-8ef2-7adcf4f2f7d1_negatedLabel_en-US" xlink:label="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: mandatory reserve deposits</link:label>
    <link:label id="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks_label_en-US" xlink:label="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mandatory reserve deposits at central banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MandatoryReserveDepositsAtCentralBanks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:to="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PercentageOfBookNotExposedToRisk_019c5283-d865-7c4e-aad2-13fd5a1fc017_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfBookNotExposedToRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Book not exposed to risk (in percent)</link:label>
    <link:label id="lab_lyg_PercentageOfBookNotExposedToRisk_label_en-US" xlink:label="lab_lyg_PercentageOfBookNotExposedToRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of Book Not Exposed to Risk</link:label>
    <link:label id="lab_lyg_PercentageOfBookNotExposedToRisk_documentation_en-US" xlink:label="lab_lyg_PercentageOfBookNotExposedToRisk" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of Book Not Exposed to Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfBookNotExposedToRisk" xlink:href="lyg-20251231.xsd#lyg_PercentageOfBookNotExposedToRisk"/>
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    <link:label id="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member_019c5283-da11-7e83-8de0-77959b33cccf_verboseLabel_en-US" xlink:label="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">6.657% Non-cumulative Fixed/Floating Rate Callable Preference shares of USD0.25</link:label>
    <link:label id="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member_label_en-US" xlink:label="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.657% Non-Cumulative Fixed To Floating Rate Preference Shares Callable 2037 [Member]</link:label>
    <link:label id="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member_documentation_en-US" xlink:label="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.657% Non-Cumulative Fixed To Floating Rate Preference Shares Callable 2037</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member" xlink:href="lyg-20251231.xsd#lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member" xlink:to="lab_lyg_A6657NonCumulativeFixedToFloatingRatePreferenceSharesCallable2037Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_019c5283-d7c1-752b-a4b9-7215fc1f826b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges_019c5283-da98-77d9-a733-ee1e5ed753a5_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation, continuing hedges</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation, continuing hedges</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationContinuingHedges" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable_019c5283-d974-7c69-9071-e49f4e85f30c_terseLabel_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Table]</link:label>
    <link:label id="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable_label_en-US" xlink:label="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable" xlink:href="lyg-20251231.xsd#lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable" xlink:to="lab_lyg_FINANCIALRISKMANAGEMENTDetailsScheduleofMaturitiesofLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_019c5283-da98-70ea-9eb6-c7cac8af943b_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_019c5283-d974-7b1b-ae7e-b2e24c091b3b_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_DisclosureOfDebtInstrumentsAbstract_019c5283-d974-779d-9b43-9591c9c4c1fb_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfDebtInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of debt instruments [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfDebtInstrumentsAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfDebtInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of debt instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfDebtInstrumentsAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfDebtInstrumentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfDebtInstrumentsAbstract" xlink:to="lab_lyg_DisclosureOfDebtInstrumentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ECLAllowanceAxis_019c5283-d865-7338-aade-3208376c3e3a_terseLabel_en-US" xlink:label="lab_lyg_ECLAllowanceAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ECL allowance [Axis]</link:label>
    <link:label id="lab_lyg_ECLAllowanceAxis_label_en-US" xlink:label="lab_lyg_ECLAllowanceAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ECL Allowance [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ECLAllowanceAxis" xlink:href="lyg-20251231.xsd#lyg_ECLAllowanceAxis"/>
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    <link:label id="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_019c5283-da11-7fa6-a835-9c62fd1409e4_negatedLabel_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Unearned future finance income</link:label>
    <link:label id="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_label_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unearned finance income relating to finance lease payments receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:to="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileBMember_019c5283-d865-750f-8ae3-7151e9eaeff8_terseLabel_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">B &#163;m</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileBMember_label_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile B [Member]</link:label>
    <link:label id="lab_lyg_EnergyPerformanceCertificateProfileBMember_documentation_en-US" xlink:label="lab_lyg_EnergyPerformanceCertificateProfileBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Performance Certificate Profile B</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EnergyPerformanceCertificateProfileBMember" xlink:href="lyg-20251231.xsd#lyg_EnergyPerformanceCertificateProfileBMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EnergyPerformanceCertificateProfileBMember" xlink:to="lab_lyg_EnergyPerformanceCertificateProfileBMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementAxis_019c5283-d8e9-773c-8ae1-772fe36b237e_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_lyg_Turnover_019c5283-da98-7c70-8c51-890ee55b1b8b_terseLabel_en-US" xlink:label="lab_lyg_Turnover" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Turnover</link:label>
    <link:label id="lab_lyg_Turnover_label_en-US" xlink:label="lab_lyg_Turnover" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Turnover</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Turnover" xlink:href="lyg-20251231.xsd#lyg_Turnover"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Turnover" xlink:to="lab_lyg_Turnover" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PercentageReductionInRateMember_019c5283-d8e9-7f5b-a4e1-c3acbea0e728_terseLabel_en-US" xlink:label="lab_lyg_PercentageReductionInRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage reduction in rate</link:label>
    <link:label id="lab_lyg_PercentageReductionInRateMember_label_en-US" xlink:label="lab_lyg_PercentageReductionInRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Reduction In Rate [Member]</link:label>
    <link:label id="lab_lyg_PercentageReductionInRateMember_documentation_en-US" xlink:label="lab_lyg_PercentageReductionInRateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Reduction In Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageReductionInRateMember" xlink:href="lyg-20251231.xsd#lyg_PercentageReductionInRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PercentageReductionInRateMember" xlink:to="lab_lyg_PercentageReductionInRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable_019c5283-d974-7567-8c35-40a2dcc5dcfe_terseLabel_en-US" xlink:label="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Table]</link:label>
    <link:label id="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable_label_en-US" xlink:label="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable" xlink:href="lyg-20251231.xsd#lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable" xlink:to="lab_lyg_OTHEROPERATINGINCOMEDetailsScheduleofOtherOperatingIncomeTable" xlink:type="arc" order="1"/>
    <link:label id="lab_exch_XNYS_019c5283-d865-7989-91c1-bb9c39f84678_terseLabel_en-US" xlink:label="lab_exch_XNYS" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">The New York Stock Exchange</link:label>
    <link:label id="lab_exch_XNYS_label_en-US" xlink:label="lab_exch_XNYS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NEW YORK STOCK EXCHANGE, INC. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_exch_XNYS" xlink:href="https://xbrl.sec.gov/exch/2025/exch-2025.xsd#exch_XNYS"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_exch_XNYS" xlink:to="lab_exch_XNYS" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_BasisPointsGapBetweenRPIAndCPI_019c5283-d865-78d5-8720-579b568c710c_terseLabel_en-US" xlink:label="lab_lyg_BasisPointsGapBetweenRPIAndCPI" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gap between RPI and CPI (in basis points)</link:label>
    <link:label id="lab_lyg_BasisPointsGapBetweenRPIAndCPI_label_en-US" xlink:label="lab_lyg_BasisPointsGapBetweenRPIAndCPI" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basis Points Gap Between RPI And CPI</link:label>
    <link:label id="lab_lyg_BasisPointsGapBetweenRPIAndCPI_documentation_en-US" xlink:label="lab_lyg_BasisPointsGapBetweenRPIAndCPI" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Basis Points Gap Between RPI And CPI</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_BasisPointsGapBetweenRPIAndCPI" xlink:href="lyg-20251231.xsd#lyg_BasisPointsGapBetweenRPIAndCPI"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_BasisPointsGapBetweenRPIAndCPI" xlink:to="lab_lyg_BasisPointsGapBetweenRPIAndCPI" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalDerivativeValuationAdjustment_019c5283-d974-7ff6-ae13-2ee8f22b7efd_verboseLabel_en-US" xlink:label="lab_lyg_TotalDerivativeValuationAdjustment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Valuation adjustment</link:label>
    <link:label id="lab_lyg_TotalDerivativeValuationAdjustment_label_en-US" xlink:label="lab_lyg_TotalDerivativeValuationAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TotalDerivativeValuationAdjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalDerivativeValuationAdjustment" xlink:href="lyg-20251231.xsd#lyg_TotalDerivativeValuationAdjustment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalDerivativeValuationAdjustment" xlink:to="lab_lyg_TotalDerivativeValuationAdjustment" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock_019c5283-d865-7ba5-9a5e-fe418115e1fb_terseLabel_en-US" xlink:label="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Level 3 Derivative Assets and Liability Movements</link:label>
    <link:label id="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock_label_en-US" xlink:label="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedudle Of Level 3 Derivative Assets and Liability Movements [Table Text Block]</link:label>
    <link:label id="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock_documentation_en-US" xlink:label="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedudle Of Level 3 Derivative Assets and Liability Movements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock" xlink:to="lab_lyg_SchedudleOfLevel3DerivativeAssetsAndLiabilityMovementsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WeightedAverageExpectedDividendYield_019c5283-d865-7461-aaeb-2498bf1e9890_terseLabel_en-US" xlink:label="lab_lyg_WeightedAverageExpectedDividendYield" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average expected dividend yield (in percent)</link:label>
    <link:label id="lab_lyg_WeightedAverageExpectedDividendYield_label_en-US" xlink:label="lab_lyg_WeightedAverageExpectedDividendYield" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">WeightedAverageExpectedDividendYield</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WeightedAverageExpectedDividendYield" xlink:href="lyg-20251231.xsd#lyg_WeightedAverageExpectedDividendYield"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_WeightedAverageExpectedDividendYield" xlink:to="lab_lyg_WeightedAverageExpectedDividendYield" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMSGrade10Member_019c5283-d865-7025-b2a8-c5acf344b9fa_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade10Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10</link:label>
    <link:label id="lab_lyg_RMSGrade10Member_label_en-US" xlink:label="lab_lyg_RMSGrade10Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 10 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade10Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade10Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 10</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade10Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade10Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade10Member" xlink:to="lab_lyg_RMSGrade10Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PaidBetween15And25YearsMember_019c5283-d865-7f90-bf2e-bf564d5f2094_terseLabel_en-US" xlink:label="lab_lyg_PaidBetween15And25YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 15 and 25 years</link:label>
    <link:label id="lab_lyg_PaidBetween15And25YearsMember_label_en-US" xlink:label="lab_lyg_PaidBetween15And25YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Between 15 And 25 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidBetween15And25YearsMember" xlink:href="lyg-20251231.xsd#lyg_PaidBetween15And25YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaidBetween15And25YearsMember" xlink:to="lab_lyg_PaidBetween15And25YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember_019c5283-d974-77a5-88c9-cf1c413f28d7_terseLabel_en-US" xlink:label="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan commitments and credit related contingencies</link:label>
    <link:label id="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember_label_en-US" xlink:label="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Commitments And Credit Related Contingencies [Member]</link:label>
    <link:label id="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember_documentation_en-US" xlink:label="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan Commitments And Credit Related Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember" xlink:href="lyg-20251231.xsd#lyg_LoanCommitmentsAndCreditRelatedContingenciesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember" xlink:to="lab_lyg_LoanCommitmentsAndCreditRelatedContingenciesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TimePeriodToUseSavings_019c5283-da12-71c9-8ef2-d951a0293320_terseLabel_en-US" xlink:label="lab_lyg_TimePeriodToUseSavings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time period to use savings</link:label>
    <link:label id="lab_lyg_TimePeriodToUseSavings_label_en-US" xlink:label="lab_lyg_TimePeriodToUseSavings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TimePeriodToUseSavings</link:label>
    <link:label id="lab_lyg_TimePeriodToUseSavings_documentation_en-US" xlink:label="lab_lyg_TimePeriodToUseSavings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time period to use savings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TimePeriodToUseSavings" xlink:href="lyg-20251231.xsd#lyg_TimePeriodToUseSavings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TimePeriodToUseSavings" xlink:to="lab_lyg_TimePeriodToUseSavings" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LloydsBankingGroupLongTermSharePlanMember_019c5283-da98-7327-8f7d-e623c8ebe3c8_terseLabel_en-US" xlink:label="lab_lyg_LloydsBankingGroupLongTermSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Long Term Share Plan</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupLongTermSharePlanMember_label_en-US" xlink:label="lab_lyg_LloydsBankingGroupLongTermSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Long Term Share Plan [Member]</link:label>
    <link:label id="lab_lyg_LloydsBankingGroupLongTermSharePlanMember_documentation_en-US" xlink:label="lab_lyg_LloydsBankingGroupLongTermSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lloyds Banking Group Long Term Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LloydsBankingGroupLongTermSharePlanMember" xlink:href="lyg-20251231.xsd#lyg_LloydsBankingGroupLongTermSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LloydsBankingGroupLongTermSharePlanMember" xlink:to="lab_lyg_LloydsBankingGroupLongTermSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_019c5283-da98-777f-8027-dd30b285265b_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">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_lyg_A1250000000375SeniorNotesDue2027Member_019c5283-d975-7ec7-a52f-1028ff9b59d6_terseLabel_en-US" xlink:label="lab_lyg_A1250000000375SeniorNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 3.750% Senior Notes due 2027</link:label>
    <link:label id="lab_lyg_A1250000000375SeniorNotesDue2027Member_label_en-US" xlink:label="lab_lyg_A1250000000375SeniorNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 3.75% Senior Notes due 2027 [Member]</link:label>
    <link:label id="lab_lyg_A1250000000375SeniorNotesDue2027Member_documentation_en-US" xlink:label="lab_lyg_A1250000000375SeniorNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 3.75% Senior Notes due 2027</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A1250000000375SeniorNotesDue2027Member" xlink:href="lyg-20251231.xsd#lyg_A1250000000375SeniorNotesDue2027Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A1250000000375SeniorNotesDue2027Member" xlink:to="lab_lyg_A1250000000375SeniorNotesDue2027Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NotesInIssueMember_019c5283-da98-7e39-92e4-d140e93666a9_terseLabel_en-US" xlink:label="lab_lyg_NotesInIssueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes in issue</link:label>
    <link:label id="lab_lyg_NotesInIssueMember_label_en-US" xlink:label="lab_lyg_NotesInIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes In Issue [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NotesInIssueMember" xlink:href="lyg-20251231.xsd#lyg_NotesInIssueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NotesInIssueMember" xlink:to="lab_lyg_NotesInIssueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OutflowsMember_019c5283-d8e9-77b3-81f7-aca0c47ed9f8_terseLabel_en-US" xlink:label="lab_lyg_OutflowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross settled derivatives &#8211; outflows</link:label>
    <link:label id="lab_lyg_OutflowsMember_label_en-US" xlink:label="lab_lyg_OutflowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outflows [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OutflowsMember" xlink:href="lyg-20251231.xsd#lyg_OutflowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OutflowsMember" xlink:to="lab_lyg_OutflowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InternalCombustionEngineVehiclesMember_019c5283-d8e9-736b-af3a-5b8f8d3f9f00_terseLabel_en-US" xlink:label="lab_lyg_InternalCombustionEngineVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Internal combustion engine vehicles</link:label>
    <link:label id="lab_lyg_InternalCombustionEngineVehiclesMember_label_en-US" xlink:label="lab_lyg_InternalCombustionEngineVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Internal Combustion Engine Vehicles [Member]</link:label>
    <link:label id="lab_lyg_InternalCombustionEngineVehiclesMember_documentation_en-US" xlink:label="lab_lyg_InternalCombustionEngineVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Internal Combustion Engine Vehicles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InternalCombustionEngineVehiclesMember" xlink:href="lyg-20251231.xsd#lyg_InternalCombustionEngineVehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InternalCombustionEngineVehiclesMember" xlink:to="lab_lyg_InternalCombustionEngineVehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory_019c5283-d865-76e7-a5d8-d4a84f2d1309_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of interests in unconsolidated structured entities [text block]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in unconsolidated structured entities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_019c5283-d7c1-7bde-a33f-ac8974f37bea_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_lyg_PensionsAndOtherPostRetirementBenefitSchemes_019c5283-d975-7419-93c1-503a20356a6e_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 retirement benefit schemes (note 12)</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-20251231.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_DebtSecuritiesMember_019c5283-d865-7d4c-95c5-6a9f099705bf_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_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019c5283-d865-7a90-81cd-99f51c14e61e_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_019c5283-da98-77dd-a9f8-6e4b8bc9a3c4_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_019c5283-d974-711d-a016-6f79aead6b4e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable_019c5283-da11-7045-afd3-3ba241f42049_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable" xlink:to="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofPensionSchemesPooledInvestmentVehiclesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory_019c5283-d865-71cc-a0e2-3c52b42069db_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 Valuation Hierarchy for Financial Assets</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_019c5283-d8e9-744c-8acd-128cc27e673e_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-20251231.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_NetInvestmentInFinanceLease_019c5283-d865-7de8-9d66-a2c13f512ccf_totalLabel_en-US" xlink:label="lab_ifrs-full_NetInvestmentInFinanceLease" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net investment</link:label>
    <link:label id="lab_ifrs-full_NetInvestmentInFinanceLease_019c5283-d865-748c-b1c5-7e18d17e69fd_terseLabel_en-US" xlink:label="lab_ifrs-full_NetInvestmentInFinanceLease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net investment</link:label>
    <link:label id="lab_ifrs-full_NetInvestmentInFinanceLease_label_en-US" xlink:label="lab_ifrs-full_NetInvestmentInFinanceLease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net investment in finance lease</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetInvestmentInFinanceLease" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetInvestmentInFinanceLease"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetInvestmentInFinanceLease" xlink:to="lab_ifrs-full_NetInvestmentInFinanceLease" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset_019c5283-da98-71bd-b6b7-33a6ef05dcc7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Experience adjustments</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through experience adjustments, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughExperienceAdjustmentsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member_019c5283-d7c1-742d-a879-0ae65ee26fec_terseLabel_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">USD denominated senior unsecured fixed rate note maturing 2047</link:label>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member_label_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">USD denominated Senior Unsecured Fixed Rate Note Maturing 2047 [Member]</link:label>
    <link:label id="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member_documentation_en-US" xlink:label="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">USD denominated Senior Unsecured Fixed Rate Note Maturing 2047</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member" xlink:href="lyg-20251231.xsd#lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member" xlink:to="lab_lyg_USDDenominatedSeniorUnsecuredFixedRateNoteMaturing2047Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses_019c5283-da11-746d-862f-5e0a21682873_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">PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PolicyholderDeferredTaxAssetInRespectOfLifeAssuranceExpenses" xlink:href="lyg-20251231.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_lyg_TransferToStage2Member_019c5283-d7c1-78f7-9c82-a3f070ef71bc_terseLabel_en-US" xlink:label="lab_lyg_TransferToStage2Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers to Stage 2</link:label>
    <link:label id="lab_lyg_TransferToStage2Member_label_en-US" xlink:label="lab_lyg_TransferToStage2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer To Stage 2 [Member]</link:label>
    <link:label id="lab_lyg_TransferToStage2Member_documentation_en-US" xlink:label="lab_lyg_TransferToStage2Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfer To Stage 2</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransferToStage2Member" xlink:href="lyg-20251231.xsd#lyg_TransferToStage2Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TransferToStage2Member" xlink:to="lab_lyg_TransferToStage2Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfSettledDerivativeDomain_019c5283-da98-7c05-bd31-0aff75f03b26_terseLabel_en-US" xlink:label="lab_lyg_TypeOfSettledDerivativeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of settled derivative [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfSettledDerivativeDomain_label_en-US" xlink:label="lab_lyg_TypeOfSettledDerivativeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfSettledDerivative [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfSettledDerivativeDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfSettledDerivativeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfSettledDerivativeDomain" xlink:to="lab_lyg_TypeOfSettledDerivativeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_019c5283-d8e9-7e65-a92f-48adfc43e98d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Exchange and other adjustments</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" 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 changes in foreign exchange rates, net defined benefit liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset_019c5283-d7c1-7bb3-9d0f-27a497976aaa_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Contracts initially recognised in the year</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset_019c5283-d7c1-7a1f-ab41-d7623c61622b_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through effects of contracts initially recognised in period, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_HedgingInstrumentsAxis_019c5283-d865-7ad4-b4c6-72372c9f98ed_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging instruments [Axis]</link:label>
    <link:label id="lab_ifrs-full_HedgingInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgingInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgingInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentsAxis" xlink:to="lab_ifrs-full_HedgingInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_019c5283-d7c1-7840-bf25-2f73ca174e08_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average fair value at measurement date, share options granted (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average fair value at measurement date, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:to="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock_019c5283-da11-7e18-b907-67c6b9f4d582_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock" 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_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfSensitivityOfLevel3ValuationstextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfSensitivityOfLevel3ValuationstextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_019c5283-da11-7d5c-aa87-e1640db4dfe9_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ICFR auditor attestation flag</link:label>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FactoringMember_019c5283-d865-71d9-8264-eae54ff7f463_terseLabel_en-US" xlink:label="lab_lyg_FactoringMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Factoring</link:label>
    <link:label id="lab_lyg_FactoringMember_label_en-US" xlink:label="lab_lyg_FactoringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Factoring [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FactoringMember" xlink:href="lyg-20251231.xsd#lyg_FactoringMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FactoringMember" xlink:to="lab_lyg_FactoringMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments_019c5283-d8e9-7397-8767-8167ee27982f_negatedTerseLabel_en-US" xlink:label="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Non-deductible) non-taxable foreign exchange (losses) gains</link:label>
    <link:label id="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments_label_en-US" xlink:label="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Effect of Foreign Exchange on Non-sterling Denominated Other Equity Instruments</link:label>
    <link:label id="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments_documentation_en-US" xlink:label="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Effect of Foreign Exchange on Non-sterling Denominated Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments" xlink:href="lyg-20251231.xsd#lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments" xlink:to="lab_lyg_TaxEffectOfForeignExchangeOnNonSterlingDenominatedOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ClassOfClaimsAndSurrendersDomain_019c5283-da98-7817-b3f2-c152793d6504_terseLabel_en-US" xlink:label="lab_lyg_ClassOfClaimsAndSurrendersDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of claims and surrenders [Domain]</link:label>
    <link:label id="lab_lyg_ClassOfClaimsAndSurrendersDomain_label_en-US" xlink:label="lab_lyg_ClassOfClaimsAndSurrendersDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ClassOfClaimsAndSurrenders [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ClassOfClaimsAndSurrendersDomain" xlink:href="lyg-20251231.xsd#lyg_ClassOfClaimsAndSurrendersDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ClassOfClaimsAndSurrendersDomain" xlink:to="lab_lyg_ClassOfClaimsAndSurrendersDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory_019c5283-da98-798e-a3c2-f7b34a0cffe9_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">Provisions</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_EquityInstrumentAxis_019c5283-d865-7384-b7a1-5078bd0c81d3_terseLabel_en-US" xlink:label="lab_lyg_EquityInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Instrument [Axis]</link:label>
    <link:label id="lab_lyg_EquityInstrumentAxis_label_en-US" xlink:label="lab_lyg_EquityInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Instrument [Axis]</link:label>
    <link:label id="lab_lyg_EquityInstrumentAxis_documentation_en-US" xlink:label="lab_lyg_EquityInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Instrument</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EquityInstrumentAxis" xlink:href="lyg-20251231.xsd#lyg_EquityInstrumentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EquityInstrumentAxis" xlink:to="lab_lyg_EquityInstrumentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_019c5283-d865-7af8-8eef-fb21f66abbe6_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in repurchase agreements</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in repurchase agreements and cash collateral on securities lent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain_019c5283-d865-701c-a119-cf11b882faac_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_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts_019c5283-da98-79c1-93ed-f37217057cfe_negatedNetLabel_en-US" xlink:label="lab_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="resource" xml:lang="en-US">Repurchases and redemptions during the year:</link:label>
    <link:label id="lab_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts_label_en-US" xlink:label="lab_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redemptions Of Other Equity Instruments, Excluding Repurchase Costs</link:label>
    <link:label id="lab_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts_documentation_en-US" xlink:label="lab_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redemptions Of Other Equity Instruments, Excluding Repurchase Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts" xlink:href="lyg-20251231.xsd#lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts" xlink:to="lab_lyg_RedemptionsOfOtherEquityInstrumentsExcludingRepurchaseCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CommercialRealEstatePriceReductionMember_019c5283-d974-7c26-801d-28c1e45479be_terseLabel_en-US" xlink:label="lab_lyg_CommercialRealEstatePriceReductionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial real estate price reduction</link:label>
    <link:label id="lab_lyg_CommercialRealEstatePriceReductionMember_label_en-US" xlink:label="lab_lyg_CommercialRealEstatePriceReductionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Real Estate Price Reduction [Member]</link:label>
    <link:label id="lab_lyg_CommercialRealEstatePriceReductionMember_documentation_en-US" xlink:label="lab_lyg_CommercialRealEstatePriceReductionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commercial Real Estate Price Reduction</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialRealEstatePriceReductionMember" xlink:href="lyg-20251231.xsd#lyg_CommercialRealEstatePriceReductionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialRealEstatePriceReductionMember" xlink:to="lab_lyg_CommercialRealEstatePriceReductionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PolicyholderTax_019c5283-d865-78e9-a569-5814f93af60f_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">PolicyholderTax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PolicyholderTax" xlink:href="lyg-20251231.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_ifrs-full_SocialSecurityContributions_019c5283-d7c1-7993-a753-25cdf0fe2ffa_terseLabel_en-US" xlink:label="lab_ifrs-full_SocialSecurityContributions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Social security contributions</link:label>
    <link:label id="lab_ifrs-full_SocialSecurityContributions_label_en-US" xlink:label="lab_ifrs-full_SocialSecurityContributions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Social security contributions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SocialSecurityContributions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SocialSecurityContributions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SocialSecurityContributions" xlink:to="lab_ifrs-full_SocialSecurityContributions" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock_019c5283-d7c1-76d3-9735-9ca15354aa1b_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Financial Assets and Liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfMeasurementBasisOfFinancialAssetsAndLiabilitiesTextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingIncomeOther_019c5283-d7c1-7d7e-81c9-3049e448cee0_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-20251231.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_SharePremiumMember_019c5283-da98-743c-86a7-da9ddcc3dae1_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 &#163;m</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_lyg_NumberOfInvestmentVehicles_019c5283-da11-7f6c-80b9-b5b5b39981ad_terseLabel_en-US" xlink:label="lab_lyg_NumberOfInvestmentVehicles" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of investment vehicles</link:label>
    <link:label id="lab_lyg_NumberOfInvestmentVehicles_label_en-US" xlink:label="lab_lyg_NumberOfInvestmentVehicles" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Investment Vehicles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NumberOfInvestmentVehicles" xlink:href="lyg-20251231.xsd#lyg_NumberOfInvestmentVehicles"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NumberOfInvestmentVehicles" xlink:to="lab_lyg_NumberOfInvestmentVehicles" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock_019c5283-da12-7f7e-826f-14da8228604e_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Offsetting of Financial Assets and Liabilities</link:label>
    <link:label id="lab_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock" xlink:to="lab_lyg_DisclosureOfOffsettingOfFinancialAssetsAndLiabilitiestextBlockTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBuyBackNumberOfShares_019c5283-d8e9-7b0e-9d4e-7389724a1e35_negatedTerseLabel_en-US" xlink:label="lab_lyg_ShareBuyBackNumberOfShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Number of shares, share buy-back programme (in shares)</link:label>
    <link:label id="lab_lyg_ShareBuyBackNumberOfShares_label_en-US" xlink:label="lab_lyg_ShareBuyBackNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ShareBuyBackNumberOfShares</link:label>
    <link:label id="lab_lyg_ShareBuyBackNumberOfShares_documentation_en-US" xlink:label="lab_lyg_ShareBuyBackNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ShareBuyBackNumberOfShares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBuyBackNumberOfShares" xlink:href="lyg-20251231.xsd#lyg_ShareBuyBackNumberOfShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareBuyBackNumberOfShares" xlink:to="lab_lyg_ShareBuyBackNumberOfShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019c5283-da12-708d-9148-9df8dcc31949_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 (loss) attributable to equity holders</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019c5283-da12-73b8-8903-94ff987c8a4c_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to owners of 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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_019c5283-da12-782b-86c2-398a100eb182_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets pledged as collateral for liabilities or contingent liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets pledged as collateral for liabilities or contingent liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:to="lab_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember_019c5283-d865-7c57-88d1-8554cda1f271_terseLabel_en-US" xlink:label="lab_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Held for trading &#163;m</link:label>
    <link:label id="lab_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember_label_en-US" xlink:label="lab_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held For Trading At Fair Value Through Profit Or Loss [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember" xlink:href="lyg-20251231.xsd#lyg_HeldForTradingAtFairValueThroughProfitOrLossMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember" xlink:to="lab_lyg_HeldForTradingAtFairValueThroughProfitOrLossMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent_019c5283-d974-7d14-b2af-0fba76477896_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControlEquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ECLAllowanceDomain_019c5283-da11-79a0-b946-369e31cb653b_terseLabel_en-US" xlink:label="lab_lyg_ECLAllowanceDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ECL allowance [Domain]</link:label>
    <link:label id="lab_lyg_ECLAllowanceDomain_label_en-US" xlink:label="lab_lyg_ECLAllowanceDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ECLAllowance [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ECLAllowanceDomain" xlink:href="lyg-20251231.xsd#lyg_ECLAllowanceDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ECLAllowanceDomain" xlink:to="lab_lyg_ECLAllowanceDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable_019c5283-d975-7eb6-8abf-8b3527f79eaf_terseLabel_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Derivative Instruments [Table]</link:label>
    <link:label id="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable_label_en-US" xlink:label="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Derivative Instruments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable" xlink:href="lyg-20251231.xsd#lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable" xlink:to="lab_lyg_DERIVATIVEFINANCIALINSTRUMENTSDetailsScheduleofDerivativeInstrumentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Liabilities_019c5283-da11-78f9-9be3-350ed1e9301e_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_019c5283-da11-74d8-b2fb-b78fd7201777_terseLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_019c5283-da11-7149-ba5a-7a5418519a67_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">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_ImpactOfBankSurcharge_019c5283-d8e9-78b5-aca7-295b4e3eee45_negatedTerseLabel_en-US" xlink:label="lab_lyg_ImpactOfBankSurcharge" 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_ImpactOfBankSurcharge_label_en-US" xlink:label="lab_lyg_ImpactOfBankSurcharge" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ImpactOfBankSurcharge</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ImpactOfBankSurcharge" xlink:href="lyg-20251231.xsd#lyg_ImpactOfBankSurcharge"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ImpactOfBankSurcharge" xlink:to="lab_lyg_ImpactOfBankSurcharge" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RestructuringAndOtherStaffCosts_019c5283-d8e9-7c78-8eb1-1181a1b301fd_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-20251231.xsd#lyg_RestructuringAndOtherStaffCosts"/>
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    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterFourMember_019c5283-da11-7184-8af4-77b15a71d679_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 2026 %</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-20251231.xsd#lyg_OneYearAfterReportingYearQuarterFourMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OneYearAfterReportingYearQuarterFourMember" xlink:to="lab_lyg_OneYearAfterReportingYearQuarterFourMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RegulatoryAndLegalProvisionsMember_019c5283-d7c1-7809-900f-8b8f2b89995a_terseLabel_en-US" xlink:label="lab_lyg_RegulatoryAndLegalProvisionsMember" 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_RegulatoryAndLegalProvisionsMember_label_en-US" xlink:label="lab_lyg_RegulatoryAndLegalProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory And Legal Provisions [Member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RegulatoryAndLegalProvisionsMember" xlink:to="lab_lyg_RegulatoryAndLegalProvisionsMember" xlink:type="arc" order="1"/>
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    <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>
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    <link:label id="lab_lyg_TotalContingentsAndCommitments_019c5283-da98-7786-851b-890d91d181b4_totalLabel_en-US" xlink:label="lab_lyg_TotalContingentsAndCommitments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total contingents, commitments and financial guarantees</link:label>
    <link:label id="lab_lyg_TotalContingentsAndCommitments_label_en-US" xlink:label="lab_lyg_TotalContingentsAndCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TotalContingentsAndCommitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalContingentsAndCommitments" xlink:href="lyg-20251231.xsd#lyg_TotalContingentsAndCommitments"/>
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    <link:label id="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities_019c5283-d865-741a-a27e-29cc3a27c695_terseLabel_en-US" xlink:label="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" 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_019c5283-d865-7397-bc43-105fe254a3f6_negatedTotalLabel_en-US" xlink:label="lab_lyg_CashFlowsFromUsedInAcquiringBusinessesAndInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Net cash (inflow)/outflow from acquisitions in the year</link:label>
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    <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>
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    <link:label id="lab_lyg_ShortPositionsInSecurities1Member_019c5283-d865-784e-a755-08e42964d1aa_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-20251231.xsd#lyg_ShortPositionsInSecurities1Member"/>
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    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_019c5283-da11-7742-bc6c-c6ed69603b6b_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"/>
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    <link:label id="lab_lyg_DisposalsOfRightOfUseAssets_019c5283-d865-7c7b-b716-1a113d6323db_negatedTerseLabel_en-US" xlink:label="lab_lyg_DisposalsOfRightOfUseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Disposals</link:label>
    <link:label id="lab_lyg_DisposalsOfRightOfUseAssets_label_en-US" xlink:label="lab_lyg_DisposalsOfRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposals Of Right-Of-Use Assets</link:label>
    <link:label id="lab_lyg_DisposalsOfRightOfUseAssets_documentation_en-US" xlink:label="lab_lyg_DisposalsOfRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disposals Of Right-Of-Use Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisposalsOfRightOfUseAssets" xlink:href="lyg-20251231.xsd#lyg_DisposalsOfRightOfUseAssets"/>
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    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetTable_019c5283-d8e9-7845-ae03-48053f45177d_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Table]</link:label>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetTable_label_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetTable" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleofRetirementBenefitTotalAmountsRecognizedinBalanceSheetTable"/>
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    <link:label id="lab_lyg_ContractTermUnderShareBasedPaymentArrangement_019c5283-da98-71ae-9ff9-967208cdddc3_terseLabel_en-US" xlink:label="lab_lyg_ContractTermUnderShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract term under share based payment arrangement</link:label>
    <link:label id="lab_lyg_ContractTermUnderShareBasedPaymentArrangement_label_en-US" xlink:label="lab_lyg_ContractTermUnderShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ContractTermUnderShareBasedPaymentArrangement</link:label>
    <link:label id="lab_lyg_ContractTermUnderShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_lyg_ContractTermUnderShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Length of fixed term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ContractTermUnderShareBasedPaymentArrangement" xlink:href="lyg-20251231.xsd#lyg_ContractTermUnderShareBasedPaymentArrangement"/>
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    <link:label id="lab_lyg_DisclosureOfEarningsPerShareAbstract_019c5283-da11-76c4-abf4-f948d1fafc7c_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [text block] [Abstract]</link:label>
    <link:label id="lab_lyg_DisclosureOfEarningsPerShareAbstract_label_en-US" xlink:label="lab_lyg_DisclosureOfEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfEarningsPerShareAbstract" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfEarningsPerShareAbstract"/>
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    <link:label id="lab_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered_019c5283-d8e9-78ac-b71c-d890e7b362c1_terseLabel_en-US" xlink:label="lab_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of tax loss asset expected to be recovered</link:label>
    <link:label id="lab_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered_label_en-US" xlink:label="lab_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Tax Loss Asset Expected To Be Recovered</link:label>
    <link:label id="lab_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered_documentation_en-US" xlink:label="lab_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Of Tax Loss Asset Expected To Be Recovered</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PercentageOfTaxLossAssetExpectedToBeRecovered" xlink:href="lyg-20251231.xsd#lyg_PercentageOfTaxLossAssetExpectedToBeRecovered"/>
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    <link:label id="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems_019c5283-d7c1-7d45-a288-310227b7e0dd_terseLabel_en-US" xlink:label="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE CAPITAL (Details) - Schedule of Issued and Fully Paid Share Capital [Line Items]</link:label>
    <link:label id="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems_label_en-US" xlink:label="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE CAPITAL (Details) - Schedule of Issued and Fully Paid Share Capital [Line Items]</link:label>
    <link:label id="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems_documentation_en-US" xlink:label="lab_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">SHARE CAPITAL (Details) - Schedule of Issued and Fully Paid Share Capital [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems" xlink:href="lyg-20251231.xsd#lyg_SHARECAPITALDetailsScheduleOfIssuedAndFullyPaidShareCapitalLineItems"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_019c5283-d865-7a2d-9d54-fcb06be6e5b0_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other intangible assets</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for intangible assets other than goodwill [text block]</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_019c5283-d974-7a3c-a1e4-93e7bc3a7e8d_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount rate applied to cash flow projections (in percent)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount rate applied to cash flow projections</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts_019c5283-d8e9-7a8b-9348-ef1b68b4ad88_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts"/>
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    <link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityAbstract_019c5283-da11-7c0b-b845-7912365e3b92_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reserves within equity [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReservesWithinEquityAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesWithinEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reserves within equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReservesWithinEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReservesWithinEquityAbstract"/>
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    <link:label id="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentTable_019c5283-d8e9-7ce2-8741-3e76c8d4a7f2_terseLabel_en-US" xlink:label="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Table]</link:label>
    <link:label id="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentTable_label_en-US" xlink:label="lab_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Net Investment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentTable" xlink:href="lyg-20251231.xsd#lyg_FINANCELEASERECEIVABLESDetailsScheduleofLeaseReceivableNetInvestmentTable"/>
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    <link:label id="lab_lyg_TypeOfCompensationDomain_019c5283-d8e9-70f0-9542-e46488331193_terseLabel_en-US" xlink:label="lab_lyg_TypeOfCompensationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of compensation [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfCompensationDomain_label_en-US" xlink:label="lab_lyg_TypeOfCompensationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfCompensation [Domain]</link:label>
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    <link:label id="lab_lyg_AllPropertiesAssessedMember_019c5283-d975-7cc4-8876-ed8b28f80945_terseLabel_en-US" xlink:label="lab_lyg_AllPropertiesAssessedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
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    <link:label id="lab_lyg_AllPropertiesAssessedMember_documentation_en-US" xlink:label="lab_lyg_AllPropertiesAssessedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All Properties Assessed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AllPropertiesAssessedMember" xlink:href="lyg-20251231.xsd#lyg_AllPropertiesAssessedMember"/>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_019c5283-da98-7de3-99ea-581f022ee22f_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, forfeited (in GBP per option)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options forfeited in share-based payment arrangement</link:label>
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    <link:label id="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory1TableTextBlock_019c5283-d974-773c-bba0-f432d4bec78f_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fee and Commission Income</link:label>
    <link:label id="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory1TableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Fee And Commission Income Expense Explanatory1 [Table Text Block]</link:label>
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    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementLineItems_019c5283-d865-7f5a-b06b-a96337d8b58d_terseLabel_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Charges to the Income Statement [Line Items]</link:label>
    <link:label id="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementLineItems_label_en-US" xlink:label="lab_lyg_SHAREBASEDPAYMENTSDetailsScheduleofChargestotheIncomeStatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHARE-BASED PAYMENTS (Details) - Schedule of Charges to the Income Statement [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_AssetsTransferredToStructuredEntitiesAtTimeOfTransfer_019c5283-da98-7c60-abe0-3fff0ea7237d_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets transferred to structured entities, at time of transfer</link:label>
    <link:label id="lab_ifrs-full_AssetsTransferredToStructuredEntitiesAtTimeOfTransfer_label_en-US" xlink:label="lab_ifrs-full_AssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets transferred to structured entities, at time of transfer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsTransferredToStructuredEntitiesAtTimeOfTransfer"/>
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    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_019c5283-d7c1-74af-8723-68a952d98a5d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Current tax on profit for the year</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxExpenseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_HedgingInstrumentsDomain_019c5283-d865-70a6-93f7-506c07ab95ce_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging</link:label>
    <link:label id="lab_ifrs-full_HedgingInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_HedgingInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgingInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgingInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentsDomain" xlink:to="lab_ifrs-full_HedgingInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_019c5283-d865-7202-91b7-5a011a63acc0_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies_019c5283-d865-7db9-8e4a-8a0da609bfba_terseLabel_en-US" xlink:label="lab_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Third party interests in consolidated funds</link:label>
    <link:label id="lab_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies_label_en-US" xlink:label="lab_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UnitholdersInterestInOpenEndedInvestmentCompanies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies" xlink:href="lyg-20251231.xsd#lyg_UnitholdersInterestInOpenEndedInvestmentCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies" xlink:to="lab_lyg_UnitholdersInterestInOpenEndedInvestmentCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_WeatherRelatedClaimsMember_019c5283-d974-740f-b1a7-12d82e854750_terseLabel_en-US" xlink:label="lab_lyg_WeatherRelatedClaimsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weather Related Claims</link:label>
    <link:label id="lab_lyg_WeatherRelatedClaimsMember_label_en-US" xlink:label="lab_lyg_WeatherRelatedClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weather Related Claims [Member]</link:label>
    <link:label id="lab_lyg_WeatherRelatedClaimsMember_documentation_en-US" xlink:label="lab_lyg_WeatherRelatedClaimsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weather Related Claims, Non-Life Insurance Net Of Reinsurance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_WeatherRelatedClaimsMember" xlink:href="lyg-20251231.xsd#lyg_WeatherRelatedClaimsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_WeatherRelatedClaimsMember" xlink:to="lab_lyg_WeatherRelatedClaimsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherRegulatoryAndLegalProvisionsMember_019c5283-d8e9-7d5c-8ad9-b119ff822500_terseLabel_en-US" xlink:label="lab_lyg_OtherRegulatoryAndLegalProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory and legal provisions &#163;m</link:label>
    <link:label id="lab_lyg_OtherRegulatoryAndLegalProvisionsMember_label_en-US" xlink:label="lab_lyg_OtherRegulatoryAndLegalProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Regulatory And Legal Provisions [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherRegulatoryAndLegalProvisionsMember" xlink:href="lyg-20251231.xsd#lyg_OtherRegulatoryAndLegalProvisionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherRegulatoryAndLegalProvisionsMember" xlink:to="lab_lyg_OtherRegulatoryAndLegalProvisionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AmericanDepositorySharesMember_019c5283-d8e9-7887-a097-cebbf772b095_terseLabel_en-US" xlink:label="lab_lyg_AmericanDepositorySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ordinary shares of nominal value 10 pence each, represented by American Depositary Shares</link:label>
    <link:label id="lab_lyg_AmericanDepositorySharesMember_label_en-US" xlink:label="lab_lyg_AmericanDepositorySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">American Depository Shares [Member]</link:label>
    <link:label id="lab_lyg_AmericanDepositorySharesMember_documentation_en-US" xlink:label="lab_lyg_AmericanDepositorySharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">American Depository Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AmericanDepositorySharesMember" xlink:href="lyg-20251231.xsd#lyg_AmericanDepositorySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AmericanDepositorySharesMember" xlink:to="lab_lyg_AmericanDepositorySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfFinancialAssetsExcludingDerivativestextBlockTableTextBlock_019c5283-da12-703e-a4ab-2f6ac63fa00b_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfFinancialAssetsExcludingDerivativestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Financial Assets Excluding Derivatives</link:label>
    <link:label id="lab_lyg_DisclosureOfFinancialAssetsExcludingDerivativestextBlockTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfFinancialAssetsExcludingDerivativestextBlockTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfFinancialAssetsExcludingDerivativestextBlock [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfFinancialAssetsExcludingDerivativestextBlockTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfFinancialAssetsExcludingDerivativestextBlockTableTextBlock"/>
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    <link:label id="lab_lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds_019c5283-d974-7808-814c-35b8fe500fc4_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-20251231.xsd#lyg_IncreaseDecreaseInThirdPartyInterestsInConsolidatedFunds"/>
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    <link:label id="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesTable_019c5283-d974-7593-897d-29579c354d2b_terseLabel_en-US" xlink:label="lab_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares [Table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesTable" xlink:href="lyg-20251231.xsd#lyg_DIVIDENDSONORDINARYSHARESDetailsScheduleofDividendsOnOrdinarySharesTable"/>
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    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_019c5283-d7c1-71dc-b34d-b9dfc69e66dd_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">3 to 4 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_019c5283-d7c1-75b1-a052-a743335ef249_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Later than 3 years and not later than 4 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three years and not later than four years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LossContingenciesByNatureOfContingency1Axis_019c5283-d8e9-7223-820c-8eeb1008e7e8_terseLabel_en-US" xlink:label="lab_lyg_LossContingenciesByNatureOfContingency1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss contingencies by nature of contingency [Axis]</link:label>
    <link:label id="lab_lyg_LossContingenciesByNatureOfContingency1Axis_label_en-US" xlink:label="lab_lyg_LossContingenciesByNatureOfContingency1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies By Nature Of Contingency1 [Axis]</link:label>
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    <link:label id="lab_lyg_OneYearAfterReportingYearQuarterThreeMember_019c5283-d8e9-74bb-a809-6f4a59eb47f7_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 2026 %</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-20251231.xsd#lyg_OneYearAfterReportingYearQuarterThreeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OneYearAfterReportingYearQuarterThreeMember" xlink:to="lab_lyg_OneYearAfterReportingYearQuarterThreeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable_019c5283-d975-7cc5-a47c-54485f1e4449_terseLabel_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Performance-Based Compensation Costs [Table]</link:label>
    <link:label id="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable_label_en-US" xlink:label="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES (Details) - Schedule of Performance-Based Compensation Costs [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable" xlink:href="lyg-20251231.xsd#lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable" xlink:to="lab_lyg_OPERATINGEXPENSESDetailsScheduleofPerformanceBasedCompensationCostsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_019c5283-d7c1-7e4d-9133-a3750d8af2e9_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_ifrs-full_ForeignCountriesMember_019c5283-da98-78f8-9945-cbf34e7bad52_terseLabel_en-US" xlink:label="lab_ifrs-full_ForeignCountriesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Overseas</link:label>
    <link:label id="lab_ifrs-full_ForeignCountriesMember_label_en-US" xlink:label="lab_ifrs-full_ForeignCountriesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign countries [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ForeignCountriesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ForeignCountriesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ForeignCountriesMember" xlink:to="lab_ifrs-full_ForeignCountriesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock_019c5283-d865-7a71-8489-07d4c58eb998_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure Of Climate High Risk Areas</link:label>
    <link:label id="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Climate High Risk Areas [Table Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock_documentation_en-US" xlink:label="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Climate High Risk Areas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock" xlink:href="lyg-20251231.xsd#lyg_DisclosureOfClimateHighRiskAreasTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock" xlink:to="lab_lyg_DisclosureOfClimateHighRiskAreasTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_JointVenturesAxis_019c5283-d865-70af-bbda-5f8e9a356c94_terseLabel_en-US" xlink:label="lab_ifrs-full_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Joint ventures [Axis]</link:label>
    <link:label id="lab_ifrs-full_JointVenturesAxis_label_en-US" xlink:label="lab_ifrs-full_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Joint ventures [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointVenturesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesAxis" xlink:to="lab_ifrs-full_JointVenturesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member_019c5283-d7c1-7b61-95d2-724409a8ceab_terseLabel_en-US" xlink:label="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.943% Senior Callable Fixed-to-Fixed Rate Notes due 2036</link:label>
    <link:label id="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member_label_en-US" xlink:label="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.943% Senior Callable Fixed-to-Fixed Rate Notes due 2036 [Member]</link:label>
    <link:label id="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member_documentation_en-US" xlink:label="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.943% Senior Callable Fixed-to-Fixed Rate Notes due 2036</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member" xlink:href="lyg-20251231.xsd#lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member" xlink:to="lab_lyg_A12500000004.943SeniorCallableFixedToFixedRateNotesDue2036Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMSGrade12Member_019c5283-da98-7af8-9862-32b4d752a75b_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade12Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">12</link:label>
    <link:label id="lab_lyg_RMSGrade12Member_label_en-US" xlink:label="lab_lyg_RMSGrade12Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 12 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade12Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade12Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 12</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade12Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade12Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade12Member" xlink:to="lab_lyg_RMSGrade12Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_019c5283-d8e9-72a3-af48-084b09d7aa86_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of goodwill and other intangible assets</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales of intangible assets, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OperatingMarginGuaranteeMember_019c5283-da11-71cd-9373-e907cc34e33a_terseLabel_en-US" xlink:label="lab_lyg_OperatingMarginGuaranteeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating margin guarantee</link:label>
    <link:label id="lab_lyg_OperatingMarginGuaranteeMember_label_en-US" xlink:label="lab_lyg_OperatingMarginGuaranteeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Margin Guarantee [Member]</link:label>
    <link:label id="lab_lyg_OperatingMarginGuaranteeMember_documentation_en-US" xlink:label="lab_lyg_OperatingMarginGuaranteeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Margin Guarantee</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OperatingMarginGuaranteeMember" xlink:href="lyg-20251231.xsd#lyg_OperatingMarginGuaranteeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OperatingMarginGuaranteeMember" xlink:to="lab_lyg_OperatingMarginGuaranteeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019c5283-d8e9-7d20-b45e-84028331eaf2_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019c5283-d8e9-7783-b7b4-b5e2a6b72cea_negatedLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019c5283-d8e9-769e-be90-97eb868defc9_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities, at 1 January</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019c5283-d8e9-7d54-92dc-cb3dedcae4b8_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities, at 31 December</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019c5283-d8e9-7fbd-b699-1e3b63d4e507_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" 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_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_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis_019c5283-d974-7747-94db-01487b41040d_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment including right-of-use assets [axis]</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment including right-of-use assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AtFairValueThroughOtherComprehensiveIncomeMember_019c5283-d8e9-75b1-8097-a3bb27149875_terseLabel_en-US" xlink:label="lab_lyg_AtFairValueThroughOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At fair value through other comprehensive income &#163;m</link:label>
    <link:label id="lab_lyg_AtFairValueThroughOtherComprehensiveIncomeMember_label_en-US" xlink:label="lab_lyg_AtFairValueThroughOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At Fair Value Through Other Comprehensive Income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AtFairValueThroughOtherComprehensiveIncomeMember" xlink:href="lyg-20251231.xsd#lyg_AtFairValueThroughOtherComprehensiveIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="lab_lyg_AtFairValueThroughOtherComprehensiveIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A1250000000455SeniorNotesDue2028Member_019c5283-d8e9-7101-b554-6861e44c883b_terseLabel_en-US" xlink:label="lab_lyg_A1250000000455SeniorNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.550% Senior Notes due 2028</link:label>
    <link:label id="lab_lyg_A1250000000455SeniorNotesDue2028Member_label_en-US" xlink:label="lab_lyg_A1250000000455SeniorNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.55% Senior Notes due 2028 [Member]</link:label>
    <link:label id="lab_lyg_A1250000000455SeniorNotesDue2028Member_documentation_en-US" xlink:label="lab_lyg_A1250000000455SeniorNotesDue2028Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 4.55% Senior Notes due 2028</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A1250000000455SeniorNotesDue2028Member" xlink:href="lyg-20251231.xsd#lyg_A1250000000455SeniorNotesDue2028Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A1250000000455SeniorNotesDue2028Member" xlink:to="lab_lyg_A1250000000455SeniorNotesDue2028Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable_019c5283-da98-790e-8017-ef1357bf14b6_terseLabel_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Table]</link:label>
    <link:label id="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable_label_en-US" xlink:label="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable" xlink:href="lyg-20251231.xsd#lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable" xlink:to="lab_lyg_AUDITORSREMUNERATIONDetailsScheduleofFeesPayabletoAuditorsbyOutsideEntitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FixedRateIssuanceMember_019c5283-da98-74ad-a4f1-109397189422_terseLabel_en-US" xlink:label="lab_lyg_FixedRateIssuanceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed rate issuance</link:label>
    <link:label id="lab_lyg_FixedRateIssuanceMember_label_en-US" xlink:label="lab_lyg_FixedRateIssuanceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Rate Issuance [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FixedRateIssuanceMember" xlink:href="lyg-20251231.xsd#lyg_FixedRateIssuanceMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FixedRateIssuanceMember" xlink:to="lab_lyg_FixedRateIssuanceMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_019c5283-d7c1-7bd5-82d0-ec9622891828_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 Valuation Hierarchy for Financial Liabilities</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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember_019c5283-d7c1-7b94-972f-7d931cfe734a_terseLabel_en-US" xlink:label="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.50% Fixed Rate Step-up Subordinated Notes 2030 (&#8364;441 million)</link:label>
    <link:label id="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember_label_en-US" xlink:label="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.50% Fixed Rate Step-up Subordinated Notes 2030 441 million [Member]</link:label>
    <link:label id="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember_documentation_en-US" xlink:label="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.50% Fixed Rate Step-up Subordinated Notes 2030 441 million</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember" xlink:href="lyg-20251231.xsd#lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember" xlink:to="lab_lyg_A4.50FixedRateStepUpSubordinatedNotes2030441MillionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A10000000001627SeniorNotesDue2027Member_019c5283-da11-71ad-b90c-e84a2e6884e7_terseLabel_en-US" xlink:label="lab_lyg_A10000000001627SeniorNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,000,000,000 1.627% Senior Notes due 2027</link:label>
    <link:label id="lab_lyg_A10000000001627SeniorNotesDue2027Member_label_en-US" xlink:label="lab_lyg_A10000000001627SeniorNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,000,000,000 1.627% Senior Notes due 2027 [Member]</link:label>
    <link:label id="lab_lyg_A10000000001627SeniorNotesDue2027Member_documentation_en-US" xlink:label="lab_lyg_A10000000001627SeniorNotesDue2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,000,000,000 1.627% Senior Notes due 2027</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A10000000001627SeniorNotesDue2027Member" xlink:href="lyg-20251231.xsd#lyg_A10000000001627SeniorNotesDue2027Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A10000000001627SeniorNotesDue2027Member" xlink:to="lab_lyg_A10000000001627SeniorNotesDue2027Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GenderAxis_019c5283-d974-73e5-86ca-e034a2effda3_terseLabel_en-US" xlink:label="lab_lyg_GenderAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gender [Axis]</link:label>
    <link:label id="lab_lyg_GenderAxis_label_en-US" xlink:label="lab_lyg_GenderAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gender [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GenderAxis" xlink:href="lyg-20251231.xsd#lyg_GenderAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GenderAxis" xlink:to="lab_lyg_GenderAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements_019c5283-d865-7b70-a92a-ff89a0db1fae_terseLabel_en-US" xlink:label="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset-liability matching strategy, liability sensitivity to inflation movements (in percent)</link:label>
    <link:label id="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements_label_en-US" xlink:label="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset-Liability Matching Strategy, Liability Sensitivity To Inflation Movements</link:label>
    <link:label id="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements_documentation_en-US" xlink:label="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset-Liability Matching Strategy, Liability Sensitivity To Inflation Movements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements" xlink:href="lyg-20251231.xsd#lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements" xlink:to="lab_lyg_AssetLiabilityMatchingStrategyLiabilitySensitivityToInflationMovements" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TransportDistributionAndHotelsMember_019c5283-d865-7190-a08d-919920b9dab3_terseLabel_en-US" xlink:label="lab_lyg_TransportDistributionAndHotelsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transport, distribution and hotels</link:label>
    <link:label id="lab_lyg_TransportDistributionAndHotelsMember_label_en-US" xlink:label="lab_lyg_TransportDistributionAndHotelsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transport Distribution And Hotels [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TransportDistributionAndHotelsMember" xlink:href="lyg-20251231.xsd#lyg_TransportDistributionAndHotelsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TransportDistributionAndHotelsMember" xlink:to="lab_lyg_TransportDistributionAndHotelsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1_019c5283-d974-7d1e-b0e6-cef5ddf063f9_terseLabel_en-US" xlink:label="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets operating loss carry forwards not subject to expiration</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1_label_en-US" xlink:label="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets Operating Loss Carry forwards Not Subject To Expiration1</link:label>
    <link:label id="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1_documentation_en-US" xlink:label="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets Operating Loss Carry forwards Not Subject To Expiration1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1" xlink:href="lyg-20251231.xsd#lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1" xlink:to="lab_lyg_DeferredTaxAssetsOperatingLossCarryForwardsNotSubjectToExpiration1" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_EventAfterReportingPeriodAbstract_019c5283-da11-7492-9899-d7de30f97bcf_terseLabel_en-US" xlink:label="lab_lyg_EventAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Event After Reporting Period [Abstract]</link:label>
    <link:label id="lab_lyg_EventAfterReportingPeriodAbstract_label_en-US" xlink:label="lab_lyg_EventAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Event After Reporting Period [Abstract]</link:label>
    <link:label id="lab_lyg_EventAfterReportingPeriodAbstract_documentation_en-US" xlink:label="lab_lyg_EventAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Event After Reporting Period [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EventAfterReportingPeriodAbstract" xlink:href="lyg-20251231.xsd#lyg_EventAfterReportingPeriodAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EventAfterReportingPeriodAbstract" xlink:to="lab_lyg_EventAfterReportingPeriodAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TypeOfAccountDomain_019c5283-d865-7658-8cf6-195fddecf5be_terseLabel_en-US" xlink:label="lab_lyg_TypeOfAccountDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of account [Domain]</link:label>
    <link:label id="lab_lyg_TypeOfAccountDomain_label_en-US" xlink:label="lab_lyg_TypeOfAccountDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TypeOfAccount [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfAccountDomain" xlink:href="lyg-20251231.xsd#lyg_TypeOfAccountDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfAccountDomain" xlink:to="lab_lyg_TypeOfAccountDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member_019c5283-d7c1-7c9e-a726-a4aa09282bf5_terseLabel_en-US" xlink:label="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 6.068% Fixed Rate Reset Dated Subordinated Tier 2 Notes due 2036</link:label>
    <link:label id="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member_label_en-US" xlink:label="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 6.068% Fixed Rate Reset Dated Subordinated Tier 2 Notes due 2036 [Member]</link:label>
    <link:label id="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member_documentation_en-US" xlink:label="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 6.068% Fixed Rate Reset Dated Subordinated Tier 2 Notes due 2036</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member" xlink:href="lyg-20251231.xsd#lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member" xlink:to="lab_lyg_A12500000006.068FixedRateResetDatedSubordinatedTier2NotesDue2036Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting_019c5283-d974-7ec9-856c-287847ba94c2_terseLabel_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance period for vesting</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting_label_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Performance Period For Vesting</link:label>
    <link:label id="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting_documentation_en-US" xlink:label="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Performance Period For Vesting</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting" xlink:href="lyg-20251231.xsd#lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting" xlink:to="lab_lyg_ShareBasedPaymentArrangementsPerformancePeriodForVesting" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_StatutoryAuditOfGroupEntitiesMember_019c5283-d865-7188-a40d-5f028db2fc99_terseLabel_en-US" xlink:label="lab_lyg_StatutoryAuditOfGroupEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statutory audit of group entities</link:label>
    <link:label id="lab_lyg_StatutoryAuditOfGroupEntitiesMember_label_en-US" xlink:label="lab_lyg_StatutoryAuditOfGroupEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statutory Audit Of Group Entities [Member]</link:label>
    <link:label id="lab_lyg_StatutoryAuditOfGroupEntitiesMember_documentation_en-US" xlink:label="lab_lyg_StatutoryAuditOfGroupEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statutory Audit Of Group Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_StatutoryAuditOfGroupEntitiesMember" xlink:href="lyg-20251231.xsd#lyg_StatutoryAuditOfGroupEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_StatutoryAuditOfGroupEntitiesMember" xlink:to="lab_lyg_StatutoryAuditOfGroupEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NetFlowsMember_019c5283-da11-768d-9917-9048eb46a652_terseLabel_en-US" xlink:label="lab_lyg_NetFlowsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross settled derivatives &#8211; net flows</link:label>
    <link:label id="lab_lyg_NetFlowsMember_label_en-US" xlink:label="lab_lyg_NetFlowsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Flows [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NetFlowsMember" xlink:href="lyg-20251231.xsd#lyg_NetFlowsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NetFlowsMember" xlink:to="lab_lyg_NetFlowsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption_019c5283-da11-7d36-ac8e-483672e21713_terseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in income statement charge due to reasonably possible increase in actuarial assumption</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Income Statement Charge Due To Reasonably Possible Increase In Actuarial Assumption</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Income Statement Charge Due To Reasonably Possible Increase In Actuarial Assumption</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="lab_lyg_IncreaseDecreaseInIncomeStatementChargeDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel_019c5283-d974-7b16-94d2-e313431e36ee_terseLabel_en-US" xlink:label="lab_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Placed (includes deposits of appointed key management personnel)</link:label>
    <link:label id="lab_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel_label_en-US" xlink:label="lab_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:href="lyg-20251231.xsd#lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:to="lab_lyg_DepositsPlacedIncludingDepositsOfAppointedKeyManagementPersonnel" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member_019c5283-d865-7cbe-b154-0edb138423bf_terseLabel_en-US" xlink:label="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.068% Fixed-to-Floating Rate Dated Subordinated Notes 2036 ($1,250 million)</link:label>
    <link:label id="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member_label_en-US" xlink:label="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">6.068% Fixed-to-Floating Rate Dated Subordinated Notes Due 2036 [Member]</link:label>
    <link:label id="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member_documentation_en-US" xlink:label="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">6.068% Fixed-to-Floating Rate Dated Subordinated Notes Due 2036</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member" xlink:href="lyg-20251231.xsd#lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member" xlink:to="lab_lyg_A6.068FixedToFloatingRateDatedSubordinatedNotesDue2036Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member_019c5283-d975-79d0-a3f0-9e91c73fc646_terseLabel_en-US" xlink:label="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">&#163;1,494 million 7.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities Callable 2023</link:label>
    <link:label id="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member_label_en-US" xlink:label="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">7.625% Convertible Securities Callable 2023 [Member]</link:label>
    <link:label id="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member_documentation_en-US" xlink:label="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">7.625% Convertible Securities Callable 2023</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A7625ConvertibleSecuritiesCallable2023Member" xlink:href="lyg-20251231.xsd#lyg_A7625ConvertibleSecuritiesCallable2023Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A7625ConvertibleSecuritiesCallable2023Member" xlink:to="lab_lyg_A7625ConvertibleSecuritiesCallable2023Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember_019c5283-d974-716f-83ab-8780eae6aa5e_terseLabel_en-US" xlink:label="lab_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance-based compensation expense deferred until later years</link:label>
    <link:label id="lab_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember_label_en-US" xlink:label="lab_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance based Compensation Expense Deferred Until Later Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember" xlink:href="lyg-20251231.xsd#lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember" xlink:to="lab_lyg_PerformanceBasedCompensationExpenseDeferredUntilLaterYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember_019c5283-da98-7408-a83c-4c180b26d48b_terseLabel_en-US" xlink:label="lab_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">9 to 12 months &#163;m</link:label>
    <link:label id="lab_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember_label_en-US" xlink:label="lab_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later Than Nine Months And Not Later Than Twelve Months [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember" xlink:href="lyg-20251231.xsd#lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember" xlink:to="lab_lyg_LaterThanNineMonthsAndNotLaterThanTwelveMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain_019c5283-d974-749a-be98-5e4b79fea156_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment including right-of-use assets [domain]</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment including right-of-use assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_019c5283-da98-7e5d-92db-75049df6e0d8_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">Total &#163;m</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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:to="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FifteenYearsAfterValuationDateMember_019c5283-d7c1-7e6f-acc4-2aa1964a5b75_terseLabel_en-US" xlink:label="lab_lyg_FifteenYearsAfterValuationDateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">15 years after valuation date</link:label>
    <link:label id="lab_lyg_FifteenYearsAfterValuationDateMember_label_en-US" xlink:label="lab_lyg_FifteenYearsAfterValuationDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fifteen Years After Valuation Date [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FifteenYearsAfterValuationDateMember" xlink:href="lyg-20251231.xsd#lyg_FifteenYearsAfterValuationDateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FifteenYearsAfterValuationDateMember" xlink:to="lab_lyg_FifteenYearsAfterValuationDateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_019c5283-d974-7c6a-b002-684f1455d468_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Growth rate used to extrapolate cash flow projections (in percent)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_019c5283-da98-7506-a9a7-cebb757b6c6a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Issued and Fully Paid Share Capital</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks_019c5283-da11-7c2e-84df-1a14c1de2a7c_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" 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_InterestIncomeOnLoansAndAdvancesToBanks_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on loans and advances to banks</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:to="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CashCollateralReceivedPledgedNettingMember_019c5283-d8e9-794c-837c-45a16b17356e_terseLabel_en-US" xlink:label="lab_lyg_CashCollateralReceivedPledgedNettingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash collateral (received)/ pledged &#163;m</link:label>
    <link:label id="lab_lyg_CashCollateralReceivedPledgedNettingMember_label_en-US" xlink:label="lab_lyg_CashCollateralReceivedPledgedNettingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Collateral Received pledged netting [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CashCollateralReceivedPledgedNettingMember" xlink:href="lyg-20251231.xsd#lyg_CashCollateralReceivedPledgedNettingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CashCollateralReceivedPledgedNettingMember" xlink:to="lab_lyg_CashCollateralReceivedPledgedNettingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccumulatedImpairmentMember_019c5283-da11-7bf6-9c4e-94bfb0838176_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_019c5283-da11-7613-a483-c5afc98fa50b_verboseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortisation</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_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember_019c5283-da98-7f91-8d49-2ff0e317d2da_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">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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:to="lab_ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_019c5283-d865-76d0-b011-34bee0bdce25_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_019c5283-da98-7ef3-93d8-c55c2e28bd63_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Property, Plant and Equipment</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_019c5283-d8e9-7c26-a7d4-fbbcaacb32ce_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" 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_DisclosureOfReservesAndOtherEquityInterestExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reserves within equity [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_019c5283-d8e9-7a14-83c4-13bd504f7b9a_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate (in percent)</link:label>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_019c5283-da11-705b-a16b-5c0e7a2fbaa7_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_lyg_RMSGrade13Member_019c5283-da11-7fb3-a293-e6a2a4cb8f9b_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade13Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">13</link:label>
    <link:label id="lab_lyg_RMSGrade13Member_label_en-US" xlink:label="lab_lyg_RMSGrade13Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 13 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade13Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade13Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 13</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade13Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade13Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade13Member" xlink:to="lab_lyg_RMSGrade13Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_019c5283-d974-7eb9-b746-85a9179723bd_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"/>
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    <link:label id="lab_lyg_TypeOfDividendAxis_019c5283-da98-78ce-8512-8ea2bd730ad5_terseLabel_en-US" xlink:label="lab_lyg_TypeOfDividendAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of dividend [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfDividendAxis_label_en-US" xlink:label="lab_lyg_TypeOfDividendAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Dividend [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfDividendAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfDividendAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfDividendAxis" xlink:to="lab_lyg_TypeOfDividendAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory_019c5283-da11-7361-91af-c331897cc413_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of objectives, policies and processes for managing capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory"/>
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    <link:label id="lab_lyg_InterestRateSpreadsMember_019c5283-da11-73e2-a12f-38399e1dbaae_terseLabel_en-US" xlink:label="lab_lyg_InterestRateSpreadsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate spreads</link:label>
    <link:label id="lab_lyg_InterestRateSpreadsMember_label_en-US" xlink:label="lab_lyg_InterestRateSpreadsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Spreads [Member]</link:label>
    <link:label id="lab_lyg_InterestRateSpreadsMember_documentation_en-US" xlink:label="lab_lyg_InterestRateSpreadsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Spreads</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateSpreadsMember" xlink:href="lyg-20251231.xsd#lyg_InterestRateSpreadsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateSpreadsMember" xlink:to="lab_lyg_InterestRateSpreadsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements_019c5283-da12-7ffe-9d3c-9ada36acc999_netLabel_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Loans and advances to banks and reverse repurchase agreements with banks</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Advances To Banks And Reverse Repurchase Agreements</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements_documentation_en-US" xlink:label="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans And Advances To Banks And Reverse Repurchase Agreements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements" xlink:href="lyg-20251231.xsd#lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements" xlink:to="lab_lyg_LoansAndAdvancesToBanksAndReverseRepurchaseAgreements" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_019c5283-d865-7dff-8d9a-b65421c593fb_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_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer_019c5283-d7c1-7ddf-b194-1f235e698c79_terseLabel_en-US" xlink:label="lab_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) recognised on assets transferred</link:label>
    <link:label id="lab_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer_label_en-US" xlink:label="lab_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognised On Assets Transferred To Structured Entities, At Time Of Transfer</link:label>
    <link:label id="lab_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer_documentation_en-US" xlink:label="lab_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognised On Assets Transferred To Structured Entities, At Time Of Transfer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:href="lyg-20251231.xsd#lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:to="lab_lyg_GainLossRecognisedOnAssetsTransferredToStructuredEntitiesAtTimeOfTransfer" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_019c5283-d975-7a45-927f-1542acccb1e0_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 purchased intangibles</link:label>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_019c5283-d975-7a5e-8894-e9f20f71b0a3_negatedLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Charge for the year</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_LifetimeExpectedCreditLossesMember_019c5283-d974-781f-9da0-d53fd5f1ace4_terseLabel_en-US" xlink:label="lab_ifrs-full_LifetimeExpectedCreditLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lifetime expected credit losses</link:label>
    <link:label id="lab_ifrs-full_LifetimeExpectedCreditLossesMember_label_en-US" xlink:label="lab_ifrs-full_LifetimeExpectedCreditLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lifetime expected credit losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LifetimeExpectedCreditLossesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LifetimeExpectedCreditLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LifetimeExpectedCreditLossesMember" xlink:to="lab_ifrs-full_LifetimeExpectedCreditLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseOfOneYearMember_019c5283-d8e9-7186-85a2-88cb9ef81587_verboseLabel_en-US" xlink:label="lab_lyg_IncreaseOfOneYearMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase of one year</link:label>
    <link:label id="lab_lyg_IncreaseOfOneYearMember_label_en-US" xlink:label="lab_lyg_IncreaseOfOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Of One Year [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseOfOneYearMember" xlink:href="lyg-20251231.xsd#lyg_IncreaseOfOneYearMember"/>
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    <link:label id="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging_019c5283-d974-76a3-a79d-99e4259a315c_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">Hedging</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_KeyAssumptionOfCPIInflation_019c5283-da11-702f-8250-567d127e9a28_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-20251231.xsd#lyg_KeyAssumptionOfCPIInflation"/>
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    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue_019c5283-d7c1-7818-98c6-870875d0df41_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-20251231.xsd#lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue" xlink:to="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeEffectivePortionOfChangesInFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CMS2023Member_019c5283-da11-7fa5-84e5-acaaacd1ce0e_terseLabel_en-US" xlink:label="lab_lyg_CMS2023Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CMS 20&#8211;23</link:label>
    <link:label id="lab_lyg_CMS2023Member_label_en-US" xlink:label="lab_lyg_CMS2023Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CMS 20-23 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CMS2023Member" xlink:href="lyg-20251231.xsd#lyg_CMS2023Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CMS2023Member" xlink:to="lab_lyg_CMS2023Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ConsolidatedMember_019c5283-da98-7071-9ec7-312d5f829d44_terseLabel_en-US" xlink:label="lab_ifrs-full_ConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated</link:label>
    <link:label id="lab_ifrs-full_ConsolidatedMember_label_en-US" xlink:label="lab_ifrs-full_ConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConsolidatedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConsolidatedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsolidatedMember" xlink:to="lab_ifrs-full_ConsolidatedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RMSGrade14Member_019c5283-d974-7ee7-b0ee-4a1fc6b5d7d8_terseLabel_en-US" xlink:label="lab_lyg_RMSGrade14Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">14</link:label>
    <link:label id="lab_lyg_RMSGrade14Member_label_en-US" xlink:label="lab_lyg_RMSGrade14Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RMS Grade 14 [Member]</link:label>
    <link:label id="lab_lyg_RMSGrade14Member_documentation_en-US" xlink:label="lab_lyg_RMSGrade14Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RMS Grade 14</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RMSGrade14Member" xlink:href="lyg-20251231.xsd#lyg_RMSGrade14Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RMSGrade14Member" xlink:to="lab_lyg_RMSGrade14Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsAxis_019c5283-d974-704e-ac92-c32e8cd98eaa_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsAxis" xlink:to="lab_ifrs-full_SegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_019c5283-d865-7a9a-9fee-3a8791d652eb_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of risks [Axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfRisksAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksAxis" xlink:to="lab_ifrs-full_TypesOfRisksAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceAcquisitionCashFlowsAssets_019c5283-d865-721d-8a90-e690dae20a15_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>
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    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_019c5283-da98-791e-b676-e403074494ce_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued capital, preference shares</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital, preference shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalPreferenceShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalPreferenceShares"/>
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    <link:label id="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member_019c5283-da98-76b1-9de3-e1f0ab80055d_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:loc xlink:type="locator" xlink:label="loc_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:href="lyg-20251231.xsd#lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:to="lab_lyg_SecuritiesSoldUnderAgreementsToRepurchase1Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_FreeShareAwardsMember_019c5283-da98-775a-ac67-cee675497e9e_terseLabel_en-US" xlink:label="lab_lyg_FreeShareAwardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Free share awards</link:label>
    <link:label id="lab_lyg_FreeShareAwardsMember_label_en-US" xlink:label="lab_lyg_FreeShareAwardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Free Share Awards [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FreeShareAwardsMember" xlink:href="lyg-20251231.xsd#lyg_FreeShareAwardsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_FreeShareAwardsMember" xlink:to="lab_lyg_FreeShareAwardsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherFeesAndCommissionsMember_019c5283-da98-7515-a856-107241044994_terseLabel_en-US" xlink:label="lab_lyg_OtherFeesAndCommissionsMember" 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_lyg_OtherFeesAndCommissionsMember_label_en-US" xlink:label="lab_lyg_OtherFeesAndCommissionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Fees And Commissions [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherFeesAndCommissionsMember" xlink:href="lyg-20251231.xsd#lyg_OtherFeesAndCommissionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherFeesAndCommissionsMember" xlink:to="lab_lyg_OtherFeesAndCommissionsMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementinLevel3FinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementinLevel3FinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCIAL INSTRUMENTS (Details) - Schedule of Movement in Level 3 Financial Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementinLevel3FinancialLiabilitiesLineItems" xlink:href="lyg-20251231.xsd#lyg_FINANCIALINSTRUMENTSDetailsScheduleofMovementinLevel3FinancialLiabilitiesLineItems"/>
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    <link:label id="lab_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties_019c5283-da11-7f8d-a763-1fbdec598f28_terseLabel_en-US" xlink:label="lab_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of related parties</link:label>
    <link:label id="lab_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties_label_en-US" xlink:label="lab_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding Commitments Made By Entity, Related Party Transactions, Number Of Related Parties</link:label>
    <link:label id="lab_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties_documentation_en-US" xlink:label="lab_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outstanding Commitments Made By Entity, Related Party Transactions, Number Of Related Parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties" xlink:href="lyg-20251231.xsd#lyg_OutstandingCommitmentsMadeByEntityRelatedPartyTransactionsNumberOfRelatedParties"/>
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    <link:label id="lab_ifrs-full_ReceivablesFromContractsWithCustomers_019c5283-da11-7a99-aa2a-edfc6ef2087c_terseLabel_en-US" xlink:label="lab_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables from contracts with customers</link:label>
    <link:label id="lab_ifrs-full_ReceivablesFromContractsWithCustomers_label_en-US" xlink:label="lab_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables from contracts with customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReceivablesFromContractsWithCustomers"/>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_019c5283-d974-7e75-aa9c-8573c2a7396f_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, exercised (GBP per option)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019"/>
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    <link:label id="lab_ifrs-full_DebtInstrumentsHeld_019c5283-d8e9-73e5-a987-ceab92939ef1_netLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Debt securities</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeld_019c5283-d8e9-7134-a943-d5aa17dd38e0_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_019c5283-d8e9-782f-b651-687d6ea83e4b_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_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_lyg_PaidWithin12MonthsMember_019c5283-da11-7177-97bd-815f8b70148d_terseLabel_en-US" xlink:label="lab_lyg_PaidWithin12MonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within 12 months</link:label>
    <link:label id="lab_lyg_PaidWithin12MonthsMember_label_en-US" xlink:label="lab_lyg_PaidWithin12MonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paid Within 12 Months [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaidWithin12MonthsMember" xlink:href="lyg-20251231.xsd#lyg_PaidWithin12MonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaidWithin12MonthsMember" xlink:to="lab_lyg_PaidWithin12MonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_019c5283-da11-7da4-906d-a542e57c496d_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 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_DescriptionOfExpectedVolatilityShareOptionsGranted_019c5283-d974-7ca6-a67c-c8b8225c6f22_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average expected volatility (in percent)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected volatility, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis_019c5283-da11-7ab8-9c8f-cbbe0613e3bb_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transferred financial assets that are not derecognised in their entirety [axis]</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transferred financial assets that are not derecognised in their entirety [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis" xlink:to="lab_ifrs-full_FinancialAssetsWhichDoNotQualifyForDerecognitionAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTableTextBlock_019c5283-d7c1-7ec8-897d-1e79ee374e51_terseLabel_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTableTextBlock" 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_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTableTextBlock_label_en-US" xlink:label="lab_lyg_DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResultsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfReconciliationOfUnderlyingBasisToStatutoryResults [Table Text Block]</link:label>
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    <link:label id="lab_ifrs-full_ParValuePerShare_019c5283-d8e9-7c57-a2ff-1ec567f53eab_terseLabel_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Par value per share (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ParValuePerShare_label_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Par value per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ParValuePerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ParValuePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ParValuePerShare" xlink:to="lab_ifrs-full_ParValuePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows_019c5283-da12-74c3-98a6-bdd2673c147f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net impairment loss on insurance acquisition assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in assets for insurance acquisition cash flows</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows" xlink:to="lab_ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A5.788FixedToFloatingRateDatedSubordinatedNotesDue2034Member_019c5283-da98-781d-bee4-d9be82bd6da1_terseLabel_en-US" xlink:label="lab_lyg_A5.788FixedToFloatingRateDatedSubordinatedNotesDue2034Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5.788% Fixed-to-Floating Rate Dated Subordinated Notes 2034 (A$250 million)</link:label>
    <link:label id="lab_lyg_A5.788FixedToFloatingRateDatedSubordinatedNotesDue2034Member_label_en-US" xlink:label="lab_lyg_A5.788FixedToFloatingRateDatedSubordinatedNotesDue2034Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">5.788% Fixed-to-Floating Rate Dated Subordinated Notes Due 2034 [Member]</link:label>
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    <link:label id="lab_lyg_OEICMember_019c5283-d974-7a26-9b5b-7fc36534de0b_terseLabel_en-US" xlink:label="lab_lyg_OEICMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OEIC</link:label>
    <link:label id="lab_lyg_OEICMember_label_en-US" xlink:label="lab_lyg_OEICMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OEIC [Member]</link:label>
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    <link:label id="lab_lyg_DeferredIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncomeNetIncomeStatementTransfers_019c5283-d865-7b4b-9572-d4f32c1d8cac_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>
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    <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>
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    <link:label id="lab_ifrs-full_BalancesOnTermDepositsFromCustomers_019c5283-d8e9-7fb7-87a1-3120db7eeaab_terseLabel_en-US" xlink:label="lab_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balances on term deposits from customers</link:label>
    <link:label id="lab_ifrs-full_BalancesOnTermDepositsFromCustomers_label_en-US" xlink:label="lab_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances on term deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesOnTermDepositsFromCustomers"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseOfRestructuringActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseOfRestructuringActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseOfRestructuringActivities" xlink:to="lab_ifrs-full_ExpenseOfRestructuringActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable_019c5283-da11-74d4-9bb8-0d0d5b36bc3d_terseLabel_en-US" xlink:label="lab_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NET INTEREST INCOME (Details) - Schedule of Net Interest Income [Table]</link:label>
    <link:label id="lab_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable_label_en-US" xlink:label="lab_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET INTEREST INCOME (Details) - Schedule of Net Interest Income [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable" xlink:href="lyg-20251231.xsd#lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable" xlink:to="lab_lyg_NETINTERESTINCOMEDetailsScheduleofNetInterestIncomeTable" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationOfDefinedBenefitPensionSchemesLineItems_019c5283-d974-7329-874b-c3c634463908_terseLabel_en-US" xlink:label="lab_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationOfDefinedBenefitPensionSchemesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Principal Actuarial and Financial Assumptions Used in Valuation of Defined Benefit Pension Schemes [Line Items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationOfDefinedBenefitPensionSchemesLineItems" xlink:href="lyg-20251231.xsd#lyg_RETIREMENTBENEFITOBLIGATIONSDetailsScheduleOfPrincipalActuarialAndFinancialAssumptionsUsedInValuationOfDefinedBenefitPensionSchemesLineItems"/>
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    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldMember_019c5283-d8e9-78f5-9da8-d0cddde02069_verboseLabel_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Contracts held with reinsurers</link:label>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldMember_019c5283-d8e9-7a55-adc6-68c0552510eb_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 contract liabilities</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>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_019c5283-d8e9-7fee-875b-80b2289036ec_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</link:label>
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    <link:label id="lab_lyg_STRUCTUREDENTITIESDetailsTable_019c5283-d865-773c-a621-aeea3fbd2c3a_terseLabel_en-US" xlink:label="lab_lyg_STRUCTUREDENTITIESDetailsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">STRUCTURED ENTITIES (Details) - Narrative [Table]</link:label>
    <link:label id="lab_lyg_STRUCTUREDENTITIESDetailsTable_label_en-US" xlink:label="lab_lyg_STRUCTUREDENTITIESDetailsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">STRUCTURED ENTITIES (Details) [Table]</link:label>
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    <link:label id="lab_lyg_EntitlementToDividendsDomain_label_en-US" xlink:label="lab_lyg_EntitlementToDividendsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EntitlementToDividends [Domain]</link:label>
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    <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>
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    <link:loc xlink:type="locator" xlink:label="loc_lyg_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnAllowanceForCreditLoss" xlink:href="lyg-20251231.xsd#lyg_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnAllowanceForCreditLoss"/>
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    <link:label id="lab_lyg_TypeOfCompensationAxis_019c5283-d865-7eae-ae80-e5e9283fd27a_terseLabel_en-US" xlink:label="lab_lyg_TypeOfCompensationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of compensation [Axis]</link:label>
    <link:label id="lab_lyg_TypeOfCompensationAxis_label_en-US" xlink:label="lab_lyg_TypeOfCompensationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type Of Compensation [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TypeOfCompensationAxis" xlink:href="lyg-20251231.xsd#lyg_TypeOfCompensationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TypeOfCompensationAxis" xlink:to="lab_lyg_TypeOfCompensationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValueOfBusinessAcquiredMember_019c5283-da98-7600-af6c-879687189061_terseLabel_en-US" xlink:label="lab_ifrs-full_ValueOfBusinessAcquiredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired value of in-force business &#163;m</link:label>
    <link:label id="lab_ifrs-full_ValueOfBusinessAcquiredMember_label_en-US" xlink:label="lab_ifrs-full_ValueOfBusinessAcquiredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Value of business acquired [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValueOfBusinessAcquiredMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValueOfBusinessAcquiredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValueOfBusinessAcquiredMember" xlink:to="lab_ifrs-full_ValueOfBusinessAcquiredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_Duration20YearsMember_019c5283-da11-79a4-87dc-8894f5f95791_terseLabel_en-US" xlink:label="lab_lyg_Duration20YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">20 years</link:label>
    <link:label id="lab_lyg_Duration20YearsMember_label_en-US" xlink:label="lab_lyg_Duration20YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Duration 20 Years [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Duration20YearsMember" xlink:href="lyg-20251231.xsd#lyg_Duration20YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Duration20YearsMember" xlink:to="lab_lyg_Duration20YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_KeyAssumptionOfInterestRate_019c5283-da98-784b-910f-e12cc2cb5e3c_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">KeyAssumptionOfInterestRate</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">KeyAssumptionOfInterestRate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_KeyAssumptionOfInterestRate" xlink:href="lyg-20251231.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_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_019c5283-da11-7258-8b8a-fb4089a30df3_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1 to 3 months &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one month and not later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SecuritisationProgramAxis_019c5283-da11-7b0f-b6f7-a57fd396d564_terseLabel_en-US" xlink:label="lab_lyg_SecuritisationProgramAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitisation program [Axis]</link:label>
    <link:label id="lab_lyg_SecuritisationProgramAxis_label_en-US" xlink:label="lab_lyg_SecuritisationProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitisation Program [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SecuritisationProgramAxis" xlink:href="lyg-20251231.xsd#lyg_SecuritisationProgramAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SecuritisationProgramAxis" xlink:to="lab_lyg_SecuritisationProgramAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_HedgedItemAssets_019c5283-d974-7f09-a813-acfd06eded35_terseLabel_en-US" xlink:label="lab_ifrs-full_HedgedItemAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount of the hedged item, assets</link:label>
    <link:label id="lab_ifrs-full_HedgedItemAssets_label_en-US" xlink:label="lab_ifrs-full_HedgedItemAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedged item, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HedgedItemAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgedItemAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgedItemAssets" xlink:to="lab_ifrs-full_HedgedItemAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InsuranceBusinessAbstract_019c5283-d974-7b13-81e1-b1263056336c_terseLabel_en-US" xlink:label="lab_lyg_InsuranceBusinessAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance business [Abstract]</link:label>
    <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-20251231.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_lyg_EightyPercentToNinetyPercentMember_019c5283-d8e9-72ac-af7a-9516e802b3bb_terseLabel_en-US" xlink:label="lab_lyg_EightyPercentToNinetyPercentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">80% to 90%</link:label>
    <link:label id="lab_lyg_EightyPercentToNinetyPercentMember_label_en-US" xlink:label="lab_lyg_EightyPercentToNinetyPercentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eighty Percent To Ninety Percent [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_EightyPercentToNinetyPercentMember" xlink:href="lyg-20251231.xsd#lyg_EightyPercentToNinetyPercentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_EightyPercentToNinetyPercentMember" xlink:to="lab_lyg_EightyPercentToNinetyPercentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_LoansAndAdvancesToCustomersAbstract_label_en-US" xlink:label="lab_lyg_LoansAndAdvancesToCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and Advances To Customers [Abstract]</link:label>
    <link:label id="lab_lyg_LoansAndAdvancesToCustomersAbstract_documentation_en-US" xlink:label="lab_lyg_LoansAndAdvancesToCustomersAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans and Advances To Customers [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_LoansAndAdvancesToCustomersAbstract" xlink:href="lyg-20251231.xsd#lyg_LoansAndAdvancesToCustomersAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_LoansAndAdvancesToCustomersAbstract" xlink:to="lab_lyg_LoansAndAdvancesToCustomersAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset_019c5283-d8e9-7fbe-82ea-507b3f463bc3_negatedTerseLabel_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment components</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Investment Components, Insurance Contracts Liability (Asset)</link:label>
    <link:label id="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset_documentation_en-US" xlink:label="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Investment Components, Insurance Contracts Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset" xlink:href="lyg-20251231.xsd#lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset" xlink:to="lab_lyg_IncreaseDecreaseThroughInvestmentComponentsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ProtectionPlanAxis_019c5283-d8e9-7aa1-a978-eea0eca546b1_terseLabel_en-US" xlink:label="lab_lyg_ProtectionPlanAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Protection plan [Axis]</link:label>
    <link:label id="lab_lyg_ProtectionPlanAxis_label_en-US" xlink:label="lab_lyg_ProtectionPlanAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Protection Plan [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ProtectionPlanAxis" xlink:href="lyg-20251231.xsd#lyg_ProtectionPlanAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ProtectionPlanAxis" xlink:to="lab_lyg_ProtectionPlanAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanTenYearsMember_019c5283-da11-7cb3-9e7b-5574c89f3fa4_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Over 10 years &#163;m</link:label>
    <link:label id="lab_ifrs-full_LaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than ten years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTenYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanTenYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates_019c5283-da98-74c5-a66f-da21027de423_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">TaxEffectOfResultsOfJointVenturesAndAssociates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TaxEffectOfResultsOfJointVenturesAndAssociates" xlink:href="lyg-20251231.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_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory_019c5283-d865-7be3-acb2-e0a72854b253_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of information about credit exposures designated as measured at fair value through profit or loss</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information about credit exposures designated as measured at fair value through profit or loss [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems_019c5283-d7c1-7116-973b-fd2c8fd1c97e_terseLabel_en-US" xlink:label="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CONSOLIDATED CASH FLOW STATEMENT (Details) - Schedule of Acquisition of Group Undertakings and Businesses [Line Items]</link:label>
    <link:label id="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems_label_en-US" xlink:label="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CONSOLIDATED CASH FLOW STATEMENT (Details) - Schedule of Acquisition of Group Undertakings and Businesses [Line Items]</link:label>
    <link:label id="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems_documentation_en-US" xlink:label="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CONSOLIDATED CASH FLOW STATEMENT (Details) - Schedule of Acquisition of Group Undertakings and Businesses [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems" xlink:href="lyg-20251231.xsd#lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems" xlink:to="lab_lyg_CONSOLIDATEDCASHFLOWSTATEMENTDetailsScheduleOfAcquisitionOfGroupUndertakingsAndBusinessesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member_019c5283-da98-76a2-aff2-88c9115e2f21_terseLabel_en-US" xlink:label="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,250,000,000 5.871% Senior Callable Fixed-to-Fixed Rate Notes due 2029</link:label>
    <link:label id="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member_label_en-US" xlink:label="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,250,000,000 5.871% Senior Callable Fixed-To-Fixed Rate Notes due 2029 [Member]</link:label>
    <link:label id="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member_documentation_en-US" xlink:label="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,250,000,000 5.871% Senior Callable Fixed-To-Fixed Rate Notes due 2029</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:href="lyg-20251231.xsd#lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:to="lab_lyg_A12500000005871SeniorCallableFixedToFixedRateNotesDue2029Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DebtInstrumentsIssuedAtAmortisedCostMember_019c5283-d7c1-7622-8992-feeb7f089689_terseLabel_en-US" xlink:label="lab_lyg_DebtInstrumentsIssuedAtAmortisedCostMember" 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_DebtInstrumentsIssuedAtAmortisedCostMember_label_en-US" xlink:label="lab_lyg_DebtInstrumentsIssuedAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instruments Issued At Amortised Cost [Member]</link:label>
    <link:label id="lab_lyg_DebtInstrumentsIssuedAtAmortisedCostMember_documentation_en-US" xlink:label="lab_lyg_DebtInstrumentsIssuedAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instruments Issued At Amortised Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DebtInstrumentsIssuedAtAmortisedCostMember" xlink:href="lyg-20251231.xsd#lyg_DebtInstrumentsIssuedAtAmortisedCostMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DebtInstrumentsIssuedAtAmortisedCostMember" xlink:to="lab_lyg_DebtInstrumentsIssuedAtAmortisedCostMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome_019c5283-da11-71e1-806a-6d0c2a6709ad_terseLabel_en-US" xlink:label="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost</link:label>
    <link:label id="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome_label_en-US" xlink:label="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment Loss (Reversal) Recognised In Other Comprehensive Income</link:label>
    <link:label id="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impairment Loss (Reversal) Recognised In Other Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome" xlink:href="lyg-20251231.xsd#lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome" xlink:to="lab_lyg_ImpairmentLossReversalRecognisedInOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestRateOnDeposits_019c5283-d8e9-7157-b172-84ec36178f98_terseLabel_en-US" xlink:label="lab_lyg_InterestRateOnDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate on deposits (percent)</link:label>
    <link:label id="lab_lyg_InterestRateOnDeposits_label_en-US" xlink:label="lab_lyg_InterestRateOnDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate On Deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestRateOnDeposits" xlink:href="lyg-20251231.xsd#lyg_InterestRateOnDeposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestRateOnDeposits" xlink:to="lab_lyg_InterestRateOnDeposits" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A7.625DatedSubordinatedNotes2025Member_019c5283-d7c1-774c-9c62-d36d87988291_terseLabel_en-US" xlink:label="lab_lyg_A7.625DatedSubordinatedNotes2025Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">7.625% Dated Subordinated Notes 2025 (&#163;273 million)</link:label>
    <link:label id="lab_lyg_A7.625DatedSubordinatedNotes2025Member_label_en-US" xlink:label="lab_lyg_A7.625DatedSubordinatedNotes2025Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">7.625% Dated Subordinated Notes 2025 [Member]</link:label>
    <link:label id="lab_lyg_A7.625DatedSubordinatedNotes2025Member_documentation_en-US" xlink:label="lab_lyg_A7.625DatedSubordinatedNotes2025Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">7.625% Dated Subordinated Notes 2025</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A7.625DatedSubordinatedNotes2025Member" xlink:href="lyg-20251231.xsd#lyg_A7.625DatedSubordinatedNotes2025Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A7.625DatedSubordinatedNotes2025Member" xlink:to="lab_lyg_A7.625DatedSubordinatedNotes2025Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_019c5283-da11-7c15-ba4a-c614d2c4bd56_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" 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_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for issued capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PriceIndexDomain_019c5283-d975-762f-9055-4c13eafc9e9d_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">PriceIndex [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PriceIndexDomain" xlink:href="lyg-20251231.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_lyg_CommercialBankingBusinessAndCommercialBankingMember_019c5283-da12-7efd-882a-9603cbc8b773_terseLabel_en-US" xlink:label="lab_lyg_CommercialBankingBusinessAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business and Commercial Banking</link:label>
    <link:label id="lab_lyg_CommercialBankingBusinessAndCommercialBankingMember_label_en-US" xlink:label="lab_lyg_CommercialBankingBusinessAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Banking - Business and Commercial Banking [Member]</link:label>
    <link:label id="lab_lyg_CommercialBankingBusinessAndCommercialBankingMember_documentation_en-US" xlink:label="lab_lyg_CommercialBankingBusinessAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commercial Banking - Business and Commercial Banking</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CommercialBankingBusinessAndCommercialBankingMember" xlink:href="lyg-20251231.xsd#lyg_CommercialBankingBusinessAndCommercialBankingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CommercialBankingBusinessAndCommercialBankingMember" xlink:to="lab_lyg_CommercialBankingBusinessAndCommercialBankingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member_019c5283-d974-7acb-9aae-c7c8fd4731f5_terseLabel_en-US" xlink:label="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,750,000,000 3.574% Senior Notes due in 2028 (callable in 2027)</link:label>
    <link:label id="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member_label_en-US" xlink:label="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$1,750,000,000 3.574% Senior Notes due in 2028 (callable in 2027 [Member]</link:label>
    <link:label id="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member_documentation_en-US" xlink:label="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1,750,000,000 3.574% Senior Notes due in 2028 (callable in 2027</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member" xlink:href="lyg-20251231.xsd#lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member" xlink:to="lab_lyg_A17500000003574SeniorNotesDueIn2028CallableIn2027Member" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DepositsByKeyManagementPersonnel_019c5283-d7c1-740a-87a1-69bc71044e30_periodStartLabel_en-US" xlink:label="lab_lyg_DepositsByKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At 1 January</link:label>
    <link:label id="lab_lyg_DepositsByKeyManagementPersonnel_019c5283-d7c1-7fcd-a0af-930bbd1dfcd7_periodEndLabel_en-US" xlink:label="lab_lyg_DepositsByKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At 31 December</link:label>
    <link:label id="lab_lyg_DepositsByKeyManagementPersonnel_label_en-US" xlink:label="lab_lyg_DepositsByKeyManagementPersonnel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DepositsByKeyManagementPersonnel</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DepositsByKeyManagementPersonnel" xlink:href="lyg-20251231.xsd#lyg_DepositsByKeyManagementPersonnel"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DepositsByKeyManagementPersonnel" xlink:to="lab_lyg_DepositsByKeyManagementPersonnel" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_019c5283-d8e9-704c-a058-27bd42e90877_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [domain]</link:label>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:to="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AtFairValueMember_019c5283-d974-7b53-898e-bb8182c57ba4_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 &#163;m</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_Funding_019c5283-d7c1-7f1c-a161-fbd9ad1f664e_totalLabel_en-US" xlink:label="lab_lyg_Funding" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Funding Sources</link:label>
    <link:label id="lab_lyg_Funding_label_en-US" xlink:label="lab_lyg_Funding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Funding</link:label>
    <link:label id="lab_lyg_Funding_documentation_en-US" xlink:label="lab_lyg_Funding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Funding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_Funding" xlink:href="lyg-20251231.xsd#lyg_Funding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_Funding" xlink:to="lab_lyg_Funding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue_019c5283-d8e9-7d09-8f07-d6bb693cc94e_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collateral held permitted to be sold or repledged</link:label>
    <link:label id="lab_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue_label_en-US" xlink:label="lab_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateral held permitted to be sold or repledged in absence of default by owner of collateral, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue" xlink:to="lab_ifrs-full_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PensionersMember_019c5283-da11-7e98-a6f9-41a410802b01_terseLabel_en-US" xlink:label="lab_lyg_PensionersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pensioners</link:label>
    <link:label id="lab_lyg_PensionersMember_label_en-US" xlink:label="lab_lyg_PensionersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pensioners [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PensionersMember" xlink:href="lyg-20251231.xsd#lyg_PensionersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PensionersMember" xlink:to="lab_lyg_PensionersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset_019c5283-da11-75e3-bf5f-76a4ba3bceac_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Onerous contracts issued &#163;m</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through effects of groups of onerous contracts initially recognised in period, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OptionPricingModelMember_019c5283-d975-7a72-9283-ef8ec0ffcf57_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>
    <link:label id="lab_ifrs-full_OptionPricingModelMember_label_en-US" xlink:label="lab_ifrs-full_OptionPricingModelMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option pricing model [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OptionPricingModelMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OptionPricingModelMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OptionPricingModelMember" xlink:to="lab_ifrs-full_OptionPricingModelMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CurrentYearMember_019c5283-da11-7399-a034-595bb77c7f78_terseLabel_en-US" xlink:label="lab_lyg_CurrentYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Awards made in respect of the year ended 31 December</link:label>
    <link:label id="lab_lyg_CurrentYearMember_label_en-US" xlink:label="lab_lyg_CurrentYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CurrentYearMember" xlink:href="lyg-20251231.xsd#lyg_CurrentYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_CurrentYearMember" xlink:to="lab_lyg_CurrentYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_SelfChargingHybridVehiclesMember_019c5283-d974-7ef9-b298-b19bcb67a027_terseLabel_en-US" xlink:label="lab_lyg_SelfChargingHybridVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Self-charging hybrid vehicles</link:label>
    <link:label id="lab_lyg_SelfChargingHybridVehiclesMember_label_en-US" xlink:label="lab_lyg_SelfChargingHybridVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Self-charging Hybrid Vehicles [Member]</link:label>
    <link:label id="lab_lyg_SelfChargingHybridVehiclesMember_documentation_en-US" xlink:label="lab_lyg_SelfChargingHybridVehiclesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Self-charging Hybrid Vehicles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SelfChargingHybridVehiclesMember" xlink:href="lyg-20251231.xsd#lyg_SelfChargingHybridVehiclesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SelfChargingHybridVehiclesMember" xlink:to="lab_lyg_SelfChargingHybridVehiclesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RetailSegmentMember_019c5283-da11-768d-9f01-05998adf9e7a_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>
    <link:label id="lab_lyg_RetailSegmentMember_label_en-US" xlink:label="lab_lyg_RetailSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retail Segment [Member]</link:label>
    <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">Retail Segment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RetailSegmentMember" xlink:href="lyg-20251231.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"/>
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