Select committee proposes moves to boost banking competition

The Finance & Expenditure Select Committee has released its report on banking competition, highlighting ways to make the sector fairer and more open. For mortgage brokers, these recommendations could mean easier access for clients to a wider range of lenders, potential shifts in interest rates, and opportunities for innovative lending models. Squirrel Mortgages says while the report has strong ideas, the real impact will come from how quickly changes are implemented. [READ ON]