The prime minister has expressed concern that banks are still not passing on low interest rates to borrowers.
David Cameron suggested that other steps, on top of Funding for Lending, might prove necessary.
He said: “We all read about these ultra-low interest rates. I know a lot of people feel, businesses feel, home owners feel, particularly ones trying to buy, ‘Why can’t I get hold of these low rates?’
“The banks deeply damaged by this collapse and crunch in 2008 have been trying to nurse themselves back to health.
“But frankly, we’ve run out of time and we need to make sure those banks are releasing money to businesses and home owners at attractive rates.”
On a visit to Redditch, Worcestershire, the prime minister also suggested that nationalised banks might be broken up, with customers given a single transferable account number, making it easier to switch between banks.
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