Ed Miliband is expected to propose a cap on the size of UK banks in a move to increase competition in the market.
The Telegraph reported that the Labour leader is set to outline the proposals in a speech this Friday and will suggest preventing any one bank from holding more than between 20% and 25% of the British banking market.
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The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.