The shadow business secretary Chuka Umuunna has confirmed the reports that Labour is to call for a cap on the size of British banks in an attempt to increase competition in the domestic market:
We're determined to reform banking so it better serves the real economy- a British Investment Bank and more competition in banking are key
It cannot be right that lending to almost 5 million UK businesses is concentrated in the hands of 5 High Street banks.
More top news
Warmer - even without wall to wall blue skies
The telecoms company announced a 9% rise in profits after increasing prices for TV and broadband customers.
Millions of voters headed to the polls to vote in today's local elections. Here is when the results are expected in.