Banks must sell 'significant' number of branches, says Ed Miliband

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Ed Miliband and Ed Balls have denied that the Bank of England Governor Mark Carney disagrees with Labour's bank proposals   Ed Miliband will today promise to create at least two new challenger lenders by forcing Britain’s biggest high street banks to sell a “significant” number of branches. The Labour leader claims that, if elected, one of his first acts would be to order the Competition and Markets Authority (CMA) to produce a report on how to cap the market share of the big banks and encourage new competitors. The new challengers would be formed by forcing the country’s largest lenders to offload hundreds of branches and would be up and running before the end of the next parliament in 2020.

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worked:  Erma Xhillari