The Shadow Chancellor Ed Balls said George Osborne's banking reforms, announced today, do not go far enough:
For all the rhetoric and the partial climbdown he has been forced into, George Osborne is still failing to deliver the radical banking reform we need.
He is refusing to legislate for a backstop power to allow for across the board separation of the banks, as Andrew Tyrie’s commission and Labour called for last year.
He has refused to repeat Labour’s tax on bank bonuses or implement our legislation on pay transparency. And he has failed to get the banks to lend to businesses with net lending to small firms falling month by month.
More top news
Abigail Wyatt is charged with causing a public nuisance in connection with the closure of a bridge on the M5 that caused massive tailbacks.
The actress says Depp's decision to pay the charities directly meant he must donate £10 million to her chosen charities.
The judge who handed Oscar Pistorius a six-year murder sentence said the attempt by state prosecutors had no reasonable chance of success.