Unions to call for banking shake-up at annual conference

Union leaders are to call for a major shake-up of the banking sector to tackle concerns over lending, executive pay and the UK's slow recovery from recession.

The TUC will press for a series of changes at its annual congress next week, including a state investment bank, greater diversity in the banking system and a crackdown on bonuses.

TUC general secretary Brendan Barber. Credit: Sean Dempsey/PA Wire/Press Association Images

The union organisation will also press the case for worker representation on company remuneration committees.

The TUC General Council will issue a statement at the Brighton conference, which begins on Sunday, saying that the Government's Green Investment Bank should be made into a "proper bank", with the ability to raise its own funds.