Miliband to propose banking reforms

Press Association
Ed Miliband
Ed Miliband

Ed Miliband is to set out a blueprint for fundamental reform of the banking system, including forcing the "big five" to sell up to 1,000 more branches to increase competition.


The Labour leader will point to the Libor rate-fixing scandal as vindication of his much-criticised attack last year on "predatory" capitalism and promise wide-ranging action.