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10 Jul 2009
Chancellor Alistair Darling wants to see increased competition in the financial sector which he believes is a key ingredient for markets to recover from the global financial crisis.
Darling said he wanted to see the entrance of smaller non-bank players into the market describing this as an`essential' ingredient to maintain competition and promote growth, nebusiness.co.uk reported.
"We want to see greater competition and choice for consumers as well as a bigger role for mutuals…We need to promote a competitive market, with non-banking institutions," he said.
According to nebusiness Darling hinted that the sale of Northern Rock might be a means to achieve this aim.
He said the government would dispose of Northern Rock, "as soon as appropriate in a manner that will promote competition for retail services".
Read the full story: Northern Rock speculation amid building society calls
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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