'We'll break you up': Miliband gets tough on banks

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Ed Miliband has suggested a future Labour government will force banks to split their retail and investment arms, should they not do so willingly.

Speaking on the BBC's Andrew Marr Show, Miliband said there needed to be a return to the "best traditions of British banking", where "banks serve the customer" not international markets. The Labour Party is meeting for its annual conference, which this year will be held in Manchester. Miliband said recommendations laid out last year in the Vickers report to separate banks' High Street parts from their investment side had since been watered down. The coalition has said it will implement all of Sir John Vickers' recommendations by 2019. But Miliband said, if Labour won the 2015 ge...

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