Miliband reveals plan to force UK bank branch sell-off

Labour leader Ed Miliband will today outline plans to break up the largest UK banks, ending the dominance of the 'big four'.

In a speech at the University of London, he will say the largest institutions must sell off "significant" numbers of their branches if the industry is to become more competitive. The plans would force the banks to sell branches in order to meet a new legal threshold restricting the size of high street lenders.   He will also pledge to create at least two "challenger banks", or new entrants to the market, to remove the dominance of the largest banks which control most of the lending in the UK. Miliband (pictured) will say a Labour government would instruct the Competition and Market...