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    <link:label id="lab_lyg_DeferredTaxIncomeStatementTransfersInRespectOfDisposals_label_en" xlink:label="lab_lyg_DeferredTaxIncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deferred tax, income statement transfers in respect of disposals</link:label>
    <link:label id="lab_lyg_DeferredTaxIncomeStatementTransfersInRespectOfDisposals_documentation_en" xlink:label="lab_lyg_DeferredTaxIncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Deferred tax, income statement transfers in respect of disposals</link:label>
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    <link:label id="lab_lyg_TotalComprehensiveIncomeAttributableToOtherEquityHolders_documentation_en" xlink:label="lab_lyg_TotalComprehensiveIncomeAttributableToOtherEquityHolders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Total comprehensive income attributable to other equity holders</link:label>
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    <link:label id="lab_lyg_IncomeStatementTransfersInRespectOfDisposalsNetOfTax_documentation_en" xlink:label="lab_lyg_IncomeStatementTransfersInRespectOfDisposalsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Income statement transfers in respect of disposals, net of tax</link:label>
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    <link:label id="lab_lyg_PaymentsOfOtherEquityInstrumentsRepurchasesAndRedemptionsOfOtherEquityInstruments_019c538f-6532-7d3a-9466-73021711260c_negatedLabel_en" xlink:label="lab_lyg_PaymentsOfOtherEquityInstrumentsRepurchasesAndRedemptionsOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Payments of other equity instruments - Repurchases and redemptions of other equity instruments</link:label>
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    <link:label id="lab_lyg_PaymentsOfOtherEquityInstrumentsRepurchasesAndRedemptionsOfOtherEquityInstruments_documentation_en" xlink:label="lab_lyg_PaymentsOfOtherEquityInstrumentsRepurchasesAndRedemptionsOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Repurchases and redemptions of other equity instruments</link:label>
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    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans_019c5380-75f4-73bd-82a0-3c1194fdda4d_negatedLabel_en" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Deferred tax relating to remeasurements of defined benefit plans</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans_label_en" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deferred tax relating to remeasurements of defined benefit plans</link:label>
    <link:label id="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans_documentation_en" xlink:label="lab_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Deferred tax relating to remeasurements of defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_DeferredTaxRelatingToRemeasurementsOfDefinedBenefitPlans"/>
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    <link:label id="lab_lyg_NetIncomeStatementTransfersDeferredTax_019c5383-6963-7ce5-9cff-d181614f71d2_negatedLabel_en" xlink:label="lab_lyg_NetIncomeStatementTransfersDeferredTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Net income statement transfers - Deferred tax</link:label>
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    <link:label id="lab_lyg_NetIncomeStatementTransfersDeferredTax_documentation_en" xlink:label="lab_lyg_NetIncomeStatementTransfersDeferredTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Net income statement transfers - Deferred tax</link:label>
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    <link:label id="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlans_label_en" xlink:label="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Current tax relating to remeasurements of defined benefit plans</link:label>
    <link:label id="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlans_documentation_en" xlink:label="lab_lyg_CurrentTaxRelatingToRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Current tax relating to remeasurements of defined benefit plans</link:label>
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    <link:label id="lab_lyg_EquityAttributableToOwnersOfParentOrdinaryShareholdersEquity_documentation_en" xlink:label="lab_lyg_EquityAttributableToOwnersOfParentOrdinaryShareholdersEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Total equity excluding non-controlling interests</link:label>
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    <link:label id="lab_lyg_SegmentalAnalysisAbstract_label_en" xlink:label="lab_lyg_SegmentalAnalysisAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Segmental analysis [Abstract]</link:label>
    <link:label id="lab_lyg_SegmentalAnalysisAbstract_documentation_en" xlink:label="lab_lyg_SegmentalAnalysisAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Segmental analysis [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_SegmentalAnalysisAbstract" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_SegmentalAnalysisAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_SegmentalAnalysisAbstract" xlink:to="lab_lyg_SegmentalAnalysisAbstract" xlink:type="arc" order="1"/>
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    <link:label id="lab_lyg_OtherNonFinancialAssetsRetirementBenefitAssets_documentation_en" xlink:label="lab_lyg_OtherNonFinancialAssetsRetirementBenefitAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Retirement benefit assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_OtherNonFinancialAssetsRetirementBenefitAssets" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_OtherNonFinancialAssetsRetirementBenefitAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_OtherNonFinancialAssetsRetirementBenefitAssets" xlink:to="lab_lyg_OtherNonFinancialAssetsRetirementBenefitAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionExpense_019b9e11-a015-7e8d-8f72-13c478a9c4ba_negatedLabel_en" xlink:label="lab_ifrs-full_FeeAndCommissionExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Fee and commission expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.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"/>
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    <link:label id="lab_lyg_DisclosureOfInsuranceContractsInsuranceAndParticipatingInvestmentContractsAssetsAndLiabilities_documentation_en" xlink:label="lab_lyg_DisclosureOfInsuranceContractsInsuranceAndParticipatingInvestmentContractsAssetsAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">ifrs-full_DisclosureOfInsuranceContractsExplanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfInsuranceContractsInsuranceAndParticipatingInvestmentContractsAssetsAndLiabilities" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_DisclosureOfInsuranceContractsInsuranceAndParticipatingInvestmentContractsAssetsAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfInsuranceContractsInsuranceAndParticipatingInvestmentContractsAssetsAndLiabilities" xlink:to="lab_lyg_DisclosureOfInsuranceContractsInsuranceAndParticipatingInvestmentContractsAssetsAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear_label_en" xlink:label="lab_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Disclosure of insurance contracts - Impacts of insurance and participating investment contracts recognised in the year [Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear_documentation_en" xlink:label="lab_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">ifrs-full_DisclosureOfInsuranceContractsExplanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear" xlink:to="lab_lyg_DisclosureOfInsuranceContractsImpactsOfInsuranceAndParticipatingInvestmentContractsRecognisedInTheYear" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances_label_en" xlink:label="lab_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Disclosure of insurance contracts - Reconciliation of insurance balances [Text Block]</link:label>
    <link:label id="lab_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances_documentation_en" xlink:label="lab_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">ifrs-full_DisclosureOfInsuranceContractsExplanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances" xlink:to="lab_lyg_DisclosureOfInsuranceContractsReconciliationOfInsuranceBalances" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome_019c5383-0095-7e7d-b148-4cc48df382d0_negatedLabel_en" xlink:label="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Deferred tax, effective portion of changes in fair value taken to other comprehensive income</link:label>
    <link:label id="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome_label_en" xlink:label="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deferred tax, effective portion of changes in fair value taken to other comprehensive income</link:label>
    <link:label id="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome_documentation_en" xlink:label="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Deferred tax, effective portion of changes in fair value taken to other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome" xlink:to="lab_lyg_DeferredTaxEffectivePortionOfChangesInFairValueTakenToOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_GainsLossesOnCashFlowHedgesNetOfTaxNetIncomeTransfers_label_en" xlink:label="lab_lyg_GainsLossesOnCashFlowHedgesNetOfTaxNetIncomeTransfers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains (losses) on cash flow hedges, net of tax - Net income transfers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_GainsLossesOnCashFlowHedgesNetOfTaxNetIncomeTransfers" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_GainsLossesOnCashFlowHedgesNetOfTaxNetIncomeTransfers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_GainsLossesOnCashFlowHedgesNetOfTaxNetIncomeTransfers" xlink:to="lab_lyg_GainsLossesOnCashFlowHedgesNetOfTaxNetIncomeTransfers" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome_label_en" xlink:label="lab_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deferred tax on change in fair value of debt securities held at fair value through other comprehensive income</link:label>
    <link:label id="lab_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome_documentation_en" xlink:label="lab_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Deferred tax on change in fair value of debt securities held at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_lyg_DeferredTaxOnChangeInFairValueOfDebtSecuritiesHeldAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders_label_en" xlink:label="lab_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total comprehensive income attributable to ordinary shareholders</link:label>
    <link:label id="lab_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders_documentation_en" xlink:label="lab_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Total comprehensive income attributable to ordinary shareholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:to="lab_lyg_TotalComprehensiveIncomeAttributableToOrdinaryShareholders" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments_019c538e-5f18-7d35-8b7f-a145d6333642_negatedLabel_en" xlink:label="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Payments of other equity instruments - Distributions in respect of other equity instruments</link:label>
    <link:label id="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments_label_en" xlink:label="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Payments of other equity instruments - Distributions in respect of other equity instruments</link:label>
    <link:label id="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments_documentation_en" xlink:label="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Distributions in respect of other equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments" xlink:to="lab_lyg_PaymentsOfOtherEquityInstrumentsDistributionsInRespectOfOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_InterestPaid_label_en" xlink:label="lab_lyg_InterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interest paid</link:label>
    <link:label id="lab_lyg_InterestPaid_documentation_en" xlink:label="lab_lyg_InterestPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Interest paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_InterestPaid" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_InterestPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_InterestPaid" xlink:to="lab_lyg_InterestPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_019c5125-7525-737f-ae94-9fa628af6a4d_negatedLabel_en" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.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_IncomeTaxExpenseContinuingOperations_019b9e21-6c34-7807-b2b0-0831f8fc953f_negatedLabel_en" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.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_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_019c5126-2bdc-799d-ab70-9045c1934a73_negatedLabel_en" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">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/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.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_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_019be0e3-3534-7cbc-b507-65279fd62597_negatedLabel_en" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Dividends paid to non-controlling interests, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_IncomeStatementTransfersInRespectOfDisposals_label_en" xlink:label="lab_lyg_IncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Income statement transfers in respect of disposals</link:label>
    <link:label id="lab_lyg_IncomeStatementTransfersInRespectOfDisposals_documentation_en" xlink:label="lab_lyg_IncomeStatementTransfersInRespectOfDisposals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Income statement transfers in respect of disposals</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_IncomeStatementTransfersInRespectOfDisposals" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_IncomeStatementTransfersInRespectOfDisposals"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_IncomeStatementTransfersInRespectOfDisposals" xlink:to="lab_lyg_IncomeStatementTransfersInRespectOfDisposals" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_CriticalAccountingEstimatesAbstract_label_en" xlink:label="lab_lyg_CriticalAccountingEstimatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Critical accounting estimates [Abstract]</link:label>
    <link:label id="lab_lyg_CriticalAccountingEstimatesAbstract_documentation_en" xlink:label="lab_lyg_CriticalAccountingEstimatesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Critical accounting estimates [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_CriticalAccountingEstimatesAbstract" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_CriticalAccountingEstimatesAbstract"/>
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    <link:label id="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_019be0e0-0cc9-76ec-8bce-b32dc0cbb03d_negatedLabel_en" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Purchase of intangible assets, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_RedemptionOfPreferenceShares_label_en" xlink:label="lab_lyg_RedemptionOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Redemption of preference shares</link:label>
    <link:label id="lab_lyg_RedemptionOfPreferenceShares_documentation_en" xlink:label="lab_lyg_RedemptionOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Redemption of preference shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_lyg_RedemptionOfPreferenceShares" xlink:href="549300PPXHEU2JF0AM85-2025-12-31.xsd#lyg_RedemptionOfPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lyg_RedemptionOfPreferenceShares" xlink:to="lab_lyg_RedemptionOfPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_lyg_OtherNonFinancialAssetsOtherAssets_label_en" xlink:label="lab_lyg_OtherNonFinancialAssetsOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other non-financial assets - Other assets</link:label>
    <link:label id="lab_lyg_OtherNonFinancialAssetsOtherAssets_documentation_en" xlink:label="lab_lyg_OtherNonFinancialAssetsOtherAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other assets</link:label>
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