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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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Labour to propose cap on size of British banks

Ed Miliband is expected to propose a cap on the size of UK banks in a move to increase competition in the market.

Ed Miliband will propose a cap on the size of UK banks Credit: PA

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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