Statement in response to collapse of Lloyds branch sale to Co-op from Which? executive director Richard Lloyd:
“This is very bad news for everyone wanting to see more competition in retail banking anytime soon.
“The Co-op’s decision is a setback to the Government’s efforts to tackle the unhealthy dominance of our biggest banks. This would have given more choice to consumers who are sick and tired of shoddy service and unfair fees and put more pressure on the big banks to work for customers, not bankers.”