as they fear 8 per cent levy will stay – along with 'unfair' free current accounts

Banks will be forced to become more transparent about current account costs and provide better access to the clearing system under a wide-ranging review into competition. But they are expected to be allowed to continue to offer free accounts, which smaller so-called challenger banks have attacked amid claims that they stifle competition. The initiatives – to be detailed next month when the Competition & Markets Authority’s report into the banking market is published – are set to disappoint the challenger banks, which are already complaining about a hefty 8 per cent corporation tax surcharge imposed in the Budget earlier this year......Read more here