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
Heavy rain and wind for Scotland and northern parts this weekend with an amber weather warning issued and travel disruption expected.
Heavy rain continues to affect Western Scotland and Northern Ireland
A surgeon linked to two deaths and a series of botched surgeries is to return to work despite an ongoing investigation, ITV News understands