Financial Markets

Will the Chancellor acknowledge that the demutualisation of many building societies and insurance companies in recent years has reduced the diversity of our financial institutions, causing many of them to overreach themselves? Given that the Scottish banking system is now majority-owned by the Government, will the Chancellor use his influence to keep HBOS and Lloyds TSB as separate institutions in order to maintain diversity, and to find new ways of building financial institutions that will not make the mistakes of the past?