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Miliband to call for limit on banks' market share

The Labour leader Ed Miliband is to propose a cap on the share of the market for high street banks. Under the move, the party could force some of the "big five" banks to sell more branches to smaller firms.

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Conservatives: Miliband's Labour caused bank problem

In response to Ed Miliband's expected call to cap the size of UK banks in a speech this Friday, the Conservatives said the domination of the big five banks is "another problem" created by the Labour Government that Miliband 'was at the heart of'.

Labour's failure to regulate the financial system led to the worst banking crash in our history, causing the worst recession in a century.

...That's why part of David Cameron's long-term economic plan is about fixing our banking system - by increasing competition on the high street, ring fencing retail from investment banking so that no bank is too big to fail, and increasing lending to business.

There is already greater choice on the high street now than there was under Labour.

– Conservative Spokesman

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