Labour conference: Miliband threat to break up banks

Labour leader Ed Miliband has said that if banks do not separate their retail and investment arms, a future Labour government will "split them up".

He told the BBC's Andrew Marr Show that the public deserved to know that high street banks were "not gambling with their money on the international markets".

However, he dismissed suggestions banks would leave the UK because of his plans.

The Treasury said it was "undertaking radical reform" of the banking system.

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