The Business Secretary Vince Cable has described the proposals that Ed Miliband is expected to make in a speech on banking as "uncontroversial".
"We know that there’s a lot more has to be done, and a key part of it – as Mr Miliband has been saying – is getting in more competition," he told Sky News.
He said there is already more competition in the banking sector: "Lloyds have sold off branches to the Co-op, Nationwide are getting into business lending, you’ve now got the Metro bank, Virgin Money, and we want to encourage more banks."
More top news
UK airport passengers have to walk up to a kilometer from check-in desks to reach their departure gates, new research has shown.
In an annual survey taken among local authorities in the UK, 2,463 stray dogs were put to sleep between April 2015 and March 2016.
Inspectors found the availability of drugs at HMP Bedford was having a "serious impact" on safety.