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
A new medication derived from cannabis could help reduce seizures in children with severe epilepsy - and is now being trialled in the UK.
Some hand-written notes in an ancient manuscript turned out to be the oldest piece of music for more than one voice ever discovered.
Wet weather is expected across most of the UK later as rain sweeps in from the west overnight.