Virgin Money backs call for inquiry into retail banking

The bank Virgin Money has backed a call from consumer group Which? for a full competition inquiry into retail banking after "woeful" switching rates.

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@virginmoney (a bank) tells me it supports @whichuk call for full inquiry into competition in banking. More soon...

Read: Which? calls for full competition inquiry into retail banking

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Which? calls for inquiry into 'woeful' bank switching rates

The current account market should be referred for a full-scale competition probe to tackle the problem of too few people switching banks, consumer group Which? has urged.