» Tuesday, November 3, 2009
Banking
The PMS added that it had been a good day for customers. If the opening up of the banking system to new competition happened in the way we hoped, then there would be improved service, lower prices and a better deal all round for customers. Given the divestments from RBS and Lloyds and the availability of Northern Rock, there were effectively three banking opportunities for new entrants to come into the market.
There were several hundred branches in total that would be available through the divestments and this represented a tailor made and unique opportunity for new competitors to come in.
Briefing took place at 15:45 | Search for related news
Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says.
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